Loading ...If the cost of production in gold is $1900 and silver $26, which is right on average, the miners will not take off until investors are sure prices will not return to these levels before another sustainable uptrend is underway.
So don’t expect fireworks in silver stocks, for example, and to the heart of the matter (a broad rally in the sector) until silver is north of $35 to $40.
Look what they did to silver over the past dozen years.
$50 right back down to $12 and it’s fighting tooth and nail to hold over $30 once again.
So can’t you blame cautious investors for waiting.
Good weekend all.
Awesome close in silver.
Hopefully the Chinese wake up this weekend.
Cheers