Max Petrisek

Gold Miner Stocks Making Bold Moves

The title of your article should be Silver makes bold moves. Silver has moved up more than gold in the past year and is now moving down more the past week. The Bold commitment will be that of silver which has more reasons for strengthening than gold. Namely the new ETF in silver (SLV) , the destruction of silver's through growing use as an industrial metal, and the high price does not not generate supply elasticity. The fact that the silver to gold ratio is abnormally high (~55) compared to historic 16 will be corrected. The recognition of silver's potential is evident by growing activity in most aspects of the silver move. Gold is king of the precious metals but not the winner.

Goldcorp Deals to Acquire Glamis; Investors Unimpressed with Terms

GG may being overpaying but not if one looks ahead. Gold and silver are moving up and fast. Silver supply is not price elastic as it is mostly mined as a bi-product of other metal mining.