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Gold And Silver Are Headed For New Highs

by Dave Kranzler, Investment Research Dynamics:

I’ve been pounding the table since late January that the third leg of the gold and silver bull market had started in mid-December. It’s also been quite clear to me that the western Central Banks had lost their ability to push the price of gold/silver down. Now the best they can hope for is to maintain a “controlled retreat” – i.e. do what they can to limited rate at which the metals move higher. That’s why we get these “zip line” price plunge formations followed by another “stair step” higher.

But don’t take it from me. Andy Hecht, a famed oil trader, had this to say:

“I have been trading precious metals since 1981, and I have never seen an environment where both the technical and fundamental states of the metals have lined up as they have in 2016. I believe that we may be in the early days of a rally that will take gold, silver, platinum and palladium to new all-time highs.”

I need to point out that earlier this year Hecht was slow to accept the move being made by gold and silver and had even issued some bearish remarks at one point. You can read his full commentary on the metals here: Gold/Silver Are The Place To Be. (He has the same graphs I was showing 6 weeks ago).

The silver mining stock I featured in the debut issue of the Mining Stock Journal is up over 7% this morning. It handily beat earnings. This is the only large-cap miner I have presented. It’s nearly doubled since early March and the Company pays a monthly dividend. The call options I recommended are up 260%. Another stock I recommended in mid-April popped 60% earlier this week. I’ll note that Casey Research had recently “poo-poo’d” this stock. My Mining Stock Journal focuses “off the beaten path” ideas that are higher risk/very high return juniors.

Read More @ InvestmentResearchDynamics.com

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