Do you want to double your money? Then checkout the next great investment, Silver Miners. I firmly believe we will see $50 again once the USD crashes. Silver will shine when the next leg of the bull market begins and select miners will have explosive moves. Here are 2 miners to keep your eyes on:
1. First Majestic Silver
.png)
Despite the earnings selloff there is huge potential in AG. A long accumulation base since 2014 gives price objectives of $37.6 - $41.2 on the high end and $30.4 - $34.0 on low end, a possible 6-7 Bagger.
2. Great Panther Silver
.png)
A long accumulation base since 2013 gives price objectives of $6.7 - $7.6 on the high end and $4.9 - $5.7 on low end, a possible 5-7 Bagger.
Keep accumulating shares on dips in these and other silver miners (FSM, SILJ, PAAS, CDE). Forget about trading leveraged X3 ETFs or options, you will only lose unless you are a professional trader. Do not watch the daily gyrations, buy and hold is the correct strategy now. Silver miners may rival the move in Bitcoin once the breakout begins. Will we see $50 Silver again? Its not a matter of if but when.
If you're in the UK or need to diversify to UK based companies Hochschild Mining (HOC) is looking very nice at the moment. It's just broken new recent highs, presumably in anticipation of higher silver prices, they have also significantly improved their efficiency and reduced debt in the last few years during the downturn.
It's definitely worth a look.
Still kinda difficult getting around all the BS to buy some of these mining shares! See what they need to do is offer up a percentage of their business not only on the current exchanges but go blockchain and let us invest the easy way this way
It is lol. Look on the huge move in gold today yet GDX is barely up 2%. I don't think we will see the big move in miners until gold clears 1300 convincingly. That's why I have been saying just accumulate shares on dips and buy physical
Good post. I'm holding on to my AG. Maybe North Korea's actions will cause a movement away from the US dollar and more towards precious metals.
Hold and accum more on further drops. I think u will be well rewarded. Whats your avg price?
I need a good 100% increase to break even. I never sold on the way down. I really thought after the election that precious metals would pop. I was wrong.
Oh wow. You need to average down, tr to get some funds and buy some more