It's one thing for a silver producer to make a profit at $28/oz and quite another to do the same at $20/oz, declares Chris Lichtenheldt. In this interview, he examines eight silver companies, detailing which ones will be rewarded for high-grade assets and which ones punished for high costs.
Sprott Silver Equities Class Co-Manager Maria Smirnova understands the power of leverage. She has seen the big impact even a slight increase in the silver price can have on silver producers. Every cent is multiplied and goes right to the investor's bottom line.
Although it’s been a quiet summer for “hard assets” like gold and silver, this low-to-no rate environment should prove to be beneficial for them over time. The tide is definitely turning in their favor. Various bond commentators have recently come out in support of hard assets.
The principal of Adrian Day Asset Management, which manages portfolios for high-net-worth clients, believes it is time for the gold pendulum to swing away from the excessive pessimism and finds that now is an exceptional time to buy gold equities.
The final trading session of this once again indecisive week in gold commenced with a price drop. The yellow metal erased Thursday’s gains and retreated to under $1,575 in slow pre-market action as the US dollar picked up some steam.
The period of seasonal strength for gold bullion has arrived. The optimal time to invest in gold bullion from a seasonal perspective is today, July 12. The summer months normally see seasonal weakness and it is thus a good time to buy on the seasonal dip.
After suffering a roughly 4% loss last week, gold prices headed even lower overnight and this morning as further erosion in crude oil and the euro and further advances in the US dollar made life more difficult for the few remaining bulls in the market.