Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and ...more
Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com. In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University
At its latest FOMC meeting, the Fed promised near-zero interest with no rate hikes until 2023, and its $120 billion monthly asset purchases see no sign of abating.
Silver is an odd metal. The crowd loves to hate on it for decades. That's simply because they don't really understand it. But when sentiment flips, it becomes a rock star.
Yellen is Treasury Secretary. Powell is Fed Chair. And Sanders is head of the Senate Budget Committee. Most of the time, it's impossible to tell the future.
Everyone is buying, and no one is selling the physical metal. Dealers are asking for 35% premiums…and that’s if you can get your hands on any silver at all.
There's no consensus on whether silver is in its second or third secular bull market since the 1970s. That's because people define bull markets in different ways.
In late November, silver was trading at $22. By January 6th, it reached $27.80, gaining an impressive 26% over just six weeks. Is this silver rally over? Not in my view.
At this juncture, silver is looking pretty bullish. We could see it chop back and forth for another week, maybe two. But with the next Fed meeting on December 14-15, I think the setup is looking increasingly positive.
