Lately there has been quite a divergence in the behavior of those investing in silver compared to those holding gold.
One group is running scared, while the other is calmly stocking up.
The 1987 movie Wall Street is one of my all-time favorite flicks. If you’ve ever read such best-sellers as Barbarians at the Gate, then you know the Oliver Stone movie about the Go-Go ’80s is a nearly perfect portrait of the greed-fueled, leveraged buyout (LBO)-driven era in the U.S. capital markets.
Gordon Gekko (actor Michael Douglas) was the “villain” – but the fictional corporate raider was also the film’s most interesting character. (In 2008, Forbes ranked Gekko as the fourth-richest fictional character of all time – and estimated his “net worth” at $8.5 billion.)
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By Tony Daltorio, Contributing Writer, Money Morning -
As we've explained before, manipulation of gold and silver prices is happening right here in the United States.
Our Global Resources Specialist Peter Krauth interviewed silver market analyst Ted Butler last year, who explained how big financial institutions were using high-frequency trading to depress silver prices.
Good news for those investing in silver: The price slump is ending, making now a good time to buy.
Silver prices have slid since the start of 2013, and the white metal's down nearly 9% so far this year. Silver, which had hit a record high of $49.79 an ounce in April 2011, was trading for $29.36 Tuesday afternoon.
The world's most respected precious metals consultancy, Thompson Reuters GFMS, came out last month with its 2013 forecast for silver prices.
After being bearish on silver prices over the past few years, GFMS has come around and predicted a good year for silver investors in 2013, with gains as high as 38%.
While gold, with its sky-high prices, gets most of the media attention, investors should be just as interested in how to buy silver.
Silver turned in a solid performance in the second half of 2012, rising from a June 28 low of $26.13 an ounce to its recent reading above $33.00. And, to steal a line from poet Robert Browning (or, if you prefer, Frank Sinatra), "the best is yet to come."
Sure, gold remains the favorite of most precious metal investors, but THIS is the metal you really want to double down on right now. Three catalysts will propel the price much, much higher over the coming months and years.