The Phaserl


Get Ready for Stupid Cheap Silver Prices: David H. Smith

[Ed. note: See chart posted earlier today. Talk about getting it right!]

by Brian Sylvester, The AU Report

The Gold Report: David, Silver Investor analyzes the long-term macro trends and specific stock catalysts in the silver market. What do you see as the risk/reward profile over the next 12 to 36 months in the space?

David Smith: A lot of people, including myself, are looking for a bottom. It may be in—or it may not be in. The secret is to focus on the upside, which could be 10 or 15 times higher, rather than asking if it could be two or three dollars lower. That makes it easier to buy at these prices.

TGR: How long could this slump last?

DS: Mining stocks have been disconnected from the metals prices for almost two years. We had major tops in gold and silver, but the mining stocks, almost across the board, regardless of quality, have gone down, down, down.

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