Monday, August 19, 2019

Playing the Precious Metals Rally

It looks very much as if the gold and silver markets are in the starting phases of a major rally.

I have written a short - 10,000 words or so - book on how best to make serious money in such a rally.


You can get the book for Kindle or any other ebook reader or pretty much any device at https://amzn.to/2ZdF6jB

The essential premise of the book is that in a rally junior exploration and development companies will appreciate far more than mid-tier producers or senior miners. And shares in those companies will also outperform the metals themselves by a wide margin.

Historically, the sequence in a major rally is that the metals rise, then the ETFs, then senior producers, mid-tier producers and, finally, when the rally is well established, the juniors begin to shine.

Right now, most of the juniors are doing pretty much nothing. Which is completely typical at the beginning of a rally.

For the juniors to gain traction they need to gain attention. That attention arrives when there is real excitement in the gold and silver markets.

It is always tough to spot the exact moment investor attention turns to a particular sector and part of the argument in Gold $3000 | Silver $60  is that getting that exactly right may not matter much. The gold and silver juniors have been so badly beaten up that most are bargains at current prices.

I'll be posting about real bargains and how  to find them over the next few months as we wait to see if the rally I am expecting emerges.

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