Silver's best days still in front of it, says industry group


Silver may stay under wraps in the medium term, but the secular bull trend which began at the turn of the century will reassert itself soon enough, says CPM Group in its Silver Long-Term Outlook report, which notes the metal rose at a compounded annual average rate of 23.2% between 2002 and 2011.

Like corporate managements every April who always forecast rebounding earnings - but not until H2 - CPM sees silver getting its mojo back in the latter half of the next 10-year period.

Silver ETFs: SLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.

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Comments (2)
  • ducat
    , contributor
    Comments (311) | Send Message
     
    Forgive me for being blunt...the statement: "CPM sees silver getting its mojo back in the latter half of the next 10-year period." is about as dumb a prediction as can be made. In this tumultuous world we live in, with debt out of control and the world power alignment being reshuffled, there is no way in the world a sane person would try to guess a monetary commodity price 5 years into the future. I think this is once again an attempt by the suspect precious metal basher CPM trying to make silver look like a poor "current" investment.

     

    Look for next year to start the real silver bull.
    17 Oct 2013, 08:34 PM Reply Like
  • mjrcme
    , contributor
    Comments (104) | Send Message
     
    So I guess the later half of the next 10 year period means Silver gets it's mojo back starting about 2017? I tend to think it might get going
    more like right about now. Discloser == Long AGQ
    17 Oct 2013, 08:39 PM Reply Like
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