The Silver Ship has Left the Dock
Jul 23rd, 2008 | By Charles Delvalle | Category: Gold MarketOver the past few months we’ve been telling you about how silver enters a seasonal push around mid-summer and goes on to move higher until the end of the year.
This pattern has repeated itself for the past few years. And it’s set to repeat itself again this year.
With inflation soaring and plenty of uncertainty in the financial markets, it’s no wonder investors are buying up silver in droves. Silver allows them to make money from inflation AND act as a form of insurance during times of uncertainty.
Most importantly, the price of silver broke above the $18.50 per ounce price-range recently, and it is preparing to charge past its previous high of $21.44 an ounce.
If you haven’t already, get into some longer-term options on the iShares Silver Trust (SLV) which matches the price-action of silver.
Source: The Silver Ship has Left the Dock
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Charles Delvalle is a self-taught market-timing professional and value analyst who's followed and invested in the market for the past ten years. He uses a unique combination of technical and fundamental research to pinpoint rapid profit opportunities with stocks and options.
Charles is also a staunch contrarian and takes pride in finding undervalued sectors and discovering undervalued, cash-rich companies. He frequently mocks government stupidities and points out the "inaccuracies (or lies, take your pick) that government reporting frequently dispels as "truth".
