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Message: Silver Set to Sparkle
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this is from marc courtenay's blog:
When the gold/silver ratio improves in silver's favor and a worried investment community begins to look for hedges against future inflation other than gold, silver will surprise us all on the upside. The SLV ETF will become much more popular and the custodian of the fund, based on its charter will have to increase the amount of silver it buys and hold.
Finally, when the confused masses start hearing on their favorite news programs that silver is going up suddenly they too will jump on the band wagon. With the use of their brokerage accounts they will be buying any stock or fund that they perceive is a direct play on silver and the sky is the limit as to how high silver prices might be allowed to shoot.
From my point of view its just a matter of time. There could be a pullback on silver during the "summer shopping season" so I wouldn't buy any expecting instant gains. But if you're willing to be very patient, and you diversify also using silver-related stocks like Silver Wheaton (NYSE:SLW), Silver Standard Resources (Nasdaq:SSRI) and Pan American Silver you are likely to look back to this time and realize that it was a good buying opportunity.
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