Silver may have more leverage than gold when it's running, but I still prefer gold and gold miners at the moment vs. silver and silver miners. The silver COT positions and market sentiment have not seen the bearish wipe out that the gold side has. Silver could fall a lot further to match the lousy market sentiment and COT numbers from April-July 2012. Gold has already revisited those depressed 2012 sentiment levels and has even exceeded them. But I'd have to admit that things like circ Morgans and 90% silver are selling for very strong premiums (ie they are short supply at the present....at least based on buy price of leading bullion players). If silver really is starting to show real shortages, then all bets are off. It just seems that every time the "shortages" argument has been trotted out, it wasn't long before prices tumbled and supply (paper + phys) became more plentiful.
SLW still has gaps sitting down at $27 and $28.50 which means another potential 10% downside is quite possible. This stock hasn't quite gotten the hammering that most other high flying silver miners have seen since November. When it comes to Motley Fool, I don't pay attention to any of their PM writers other than Chris Barker. He at least seems to have his head on tight. If I had to pick a few silver plays here, SLW would not be one of them. While it may not have the mining risk that all other non-streamers provide, it is still subject to market risk if anticipated streams get reduced, eliminated, nationalized, or never make it to market because mine financing ran out.
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market sentiment have not seen the bearish wipe out that the gold side has. Silver could fall a lot further to match the lousy market sentiment and COT numbers from April-July
2012. Gold has already revisited those depressed 2012 sentiment levels and has even exceeded them. But I'd have to admit that things like circ Morgans and 90% silver are selling
for very strong premiums (ie they are short supply at the present....at least based on buy price of leading bullion players). If silver really is starting to show real shortages, then all
bets are off. It just seems that every time the "shortages" argument has been trotted out, it wasn't long before prices tumbled and supply (paper + phys) became more plentiful.
SLW still has gaps sitting down at $27 and $28.50 which means another potential 10% downside is quite possible. This stock hasn't quite gotten the hammering
that most other high flying silver miners have seen since November. When it comes to Motley Fool, I don't pay attention to any of their PM writers other than
Chris Barker. He at least seems to have his head on tight. If I had to pick a few silver plays here, SLW would not be one of them. While it may not have the mining risk that
all other non-streamers provide, it is still subject to market risk if anticipated streams get reduced, eliminated, nationalized, or never make it to market because mine financing
ran out.