It looks like Argentum Silver is leading the PM hordes forth again, most likely as a direct predecessor to another dollar break here. Up over 2.5% as I type and outpacing it’s usually more lively cousin, Aurum Gold, which is up only one-tenth as much.
I think this is a good sign, even for you non-PM investors, as silver is the more sensitive to the “commodity” and “industrial” sectors, and it’s rise here should be good news for all of you commodity speculators, whether you be earl rustlers or coal bandits. I will continue with my investments in refiners until they stop making sense, however, even with a rise in earl. I continue to like WNR and PSX, for instance. HFC as well.
For silver bugs, I went long(er) today by adding to my AGQ position, for the short term trip to the 200-day EMA, at close to $50 right now. I will likely sell this additional piece off when we reach that mark, however, as I don’t like to be too heavily leveraged in this volatile metal. At least, not for any length of time.
I also like EXK here, despite it’s continue pokiness compared to jackrabbit AG. SSRI also seems to be re-gaining ground, if you are of the speculative sort. As always, SIL and SLW are the formidable base of my silver horde, and I recommend those for any toe dippers.
Best to you.