| A big part of my job is pointing my readers and conference attendees toward the most insightful analysts and commentators.
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| After nearly 40 years in this business, I’ve read, listened to, watched and talked with countless thousands of very smart people. I know who brings the goods, and I try to bring the best of them to you in this letter, as well as Gold Newsletter and the New Orleans Investment Conference.
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| I was reminded of the value offered by the best analysts when I started noticing a number of people posting a chart of the silver price and how it’s setting up for a big breakout.
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| In fact, this chart and market observation was originally posted by Ron Griess of TheChartStore.com:
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| As you can see, silver has essentially completed a reverse head-and-shoulders pattern than projects to a price of over $40.
While many others are now talking about this, it’s important to give credit where credit is due, because that tells us who we need to listen to going forward.
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| Ron and his service are among those, which is why I’ve relied on his observations for over a quarter century.
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| This particular note on silver is important because the metal has been trading very strongly since Ron posted that chart:
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| As I write, gold is trading lower today, yet silver is up. You can see by this chart of the gold/silver ratio that silver has in fact been outperforming gold in recent days:
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| And silver’s outperformance hasn’t been limited to the last few days. Generally speaking, and counter to what most believe, silver has been leveraging gold’s gains since this rally began on March 1st.
Also note that over this period, the gold/silver ratio fell through both the 50-day and 200-day moving averages, and that the 50-DMA is poised to fall through the 200-DMA. While the track record of so-called “death crosses” is mixed, this is yet another indication that silver could continue outperforming gold in the days ahead.
So “Hi ho silver, away!”
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| Another point I’ve made to those new to the metals and mining sector is that this is an inefficient corner of markets. By simply doing your research, you can find hidden gems — particularly in junior mining companies — that the market temporarily overlooks.
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| A great tool for this is our Gold Newsletter YouTube Channel. In partnership with popular market commentator Kai Hoffman of Soar Financial, we’ve been featuring interviews with executives of some of today’s top junior mining companies.
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| Kai and his team have recently posted some fascinating interviews that deserve your attention. I urge you to see the links below and watch these videos now — some of these opportunities are on a short fuse.
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| Brien Lundin
Publisher, Gold Newsletter
CEO, the New Orleans Investment Conference
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