Here’s a chart that illustrates where the real performance is in precious metals over the past six months.
As you can see, gold, as tracked by the SPDR Gold Trust (GLD: 104.04 0.00 0.00%) is doing well. The iShares Silver Trust (SLV: 14.75 0.00 0.00%) — which tracks the price of silver — has been doing much better, fulfilling the promise that silver is “gold on steroids.”
But what does better than silver? A silver producer leveraged to the underlying metal. Even better, Silver Wheaton (SLW: 13.58 0.00 0.00%) isn’t a small no-name company that could be torpedoed by one problem on a project. It’s one of the biggest silver producers in the world, with multiple revenue streams.
More on this topic
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“This Silver Stock Set to Soar in 2010″
(Stock Gumshoe, 1/12/10)
The No. 1 Way to Profit When Silver Upstages Gold
(Money Morning, 9/28/09)
Time to load up on gold and silver?
(Real Wealth - Global Wealth Report, 1/29/10)
Why It’s Time to Invest in Silver: This Precious Metal’s Rally is Just Getting Started
(Investment U, 12/2/09)
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- Chart of Silver — Zoom-Zoom! (01/08/10)
- Conversation With a Silver Miner (03/13/08)
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I like SLW…..do you expect more updside growth over the next several months?
SLW has been strong thus far….I hope it continues for the next couple of years.
Thanks~
Aloha, what are the issues that could put the breaks on gold and silver’s rise?
Mahalo and aloha from Hawaii,
John Brown
http://www.designsngold.com
I think going forward many of the gold mining stocks will continue to outperform other asset classes. On a valuation basis many of them are still relatively cheap with gold at $1,065 compared to historical valuation trends. I recently read several articles at http://www.goldalert.com/gold_news.php that provide news and analysis on a many gold mining companies that offer considerable leverage to the gold price. Some of these include small and mid cap names like Premier Gold, Claude Resources, and Aura Minerals, as well as the larger names like Yamana Gold, Golcorp, Barrick, and Newmont Mining. I think that gold will continue to benefit from the Fed’s easy monetary policies to avoid any chance of deflation, which would be very challenging for the banking interests it serves.