$Silver Monthly

The prognosis for silver is that prices may recover, but they will be very slow to do so. Prices may stabilize due to short covering in gold, but silver is bound to succumb to the same dishoarding that occurred in gold.

Silver prices over the extent of its bull market have corrected to below the 50% retracement, not generally a bullish sign.

Is Eric Sprott totally wrong about silver?

The prognosis is that the gold/silver ratio will advance strongly, with all that implies.

http://scharts.co/XJ0xHI

By far and away the worst charts are in the gold mining sector. A recovery does not seem possible, unless they are meant to advance against the gold price, then you would be at a multi-year bear market low, just as gold was in 1998.

The advantage to owing a gold miner is that when everyone is grabbing at the bullion, gold miners are there to provide it. They also have the advantage of making available the unrefined ore into bullion, which must first be processed and sold into the markets before bars are tucked away into vaults. I think this is their advantage.

That would have to include dividends out of available margin, since a bear market in equities should ensue.

Gold miners with a significant margin aught to rethink their strategy of vainly struggling to take advantage of the markets and investors in any way possible, and start over with an investment platform in mind. GBN.V is in desperate and critical need of investors, not prima donna geologists with minority control keeping secrets. Quarterly reports are grossly mischaracterizing The La Ronge Gold Project by now, and the imposition to shareholders is untenable and unacceptable.

-F6