Precious Metals Starting To Produce Some Winners

By: John Rubino | Mon, Oct 26, 2015
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Everybody who's owned gold and silver mining shares through a couple of cycles has their favorite story of the stock that took off and ran away. There was Glamis Gold, which rose from $1 to $40 in the space of a few years before selling out to Goldcorp. And Silver Wheaton, which soared from $3.45 in 2008 to over $40 in 2011. And many, many more.

That's how mining shares -- which are, as the industry likes to say, leveraged plays on gold and silver -- behave when the underlying metals start to rise. And you only need to find and ride a few such moonshots to justify a lifetime of obsessing over your investments.

Now, after a brutal and interminable bear market, a few of the better miners and streaming companies are starting to show signs of that famous upside potential. Three examples:

Silver Wheaton (SLV)

Franco-Nevada (FNV)

Seabridge Gold

There's no way to know whether this is a head fake in an ongoing bear market or the start of another epic rise -- which, this time, we don't want to miss! But when that epic rise does come, its initial stage will look like these charts. So the current action at least bears watching.

 


 

John Rubino

Author: John Rubino

John Rubino
DollarCollapse.com

John Rubino

John Rubino edits DollarCollapse.com and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners in the Green Tech Boom, The Collapse of the Dollar and How to Profit From It, and How to Profit from the Coming Real Estate Bust. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine.

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