The bottom line is silver is now quite undervalued relative to gold. It has been losing ground compared to its primary driver for over a year now following a massive mini-mania spike. But the selling in recent months has been excessive, driving silver too low relative to prevailing gold prices. So silver is likely to outperform gold in this year’s upcoming strong season for the precious metals, which is due to start soon.
Brave contrarians willing to fight the crowd have a great opportunity today to buy silver and silver stocks cheap ahead of this rally. As usual the summer doldrums have frightened the weak hands into selling low. And with silver cheap relative to gold, and silver stocks trading near panic levels thanks to the gold-stock capitulation, the bargains today are amazing. Seize the day and load up before the autumn rally.
Time to accumulate
Helios
AYN Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held
