After a flat start to the month for gold prices, they finally took off last week thanks to these two catalysts.
The price of gold gained $35 per ounce, or 2.7% over the course of last week, just as the stock market tumbled.
HL
Hecla Mining Company
"Peak Silver" Is About to Rock Markets and Bring Huge Profits to Smart Buyers
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
It's Economics 101. Price works to balance supply and demand. Limited supply causes higher prices; higher prices help curb demand.
Well, a potentially very profitable twist on that equation is playing out right now in the silver market. Mined silver supplies have been drying up over the past few years, while silver prices have climbed 20% in the same time frame.
But the exciting opportunity for investors is that precious metals, like silver, are among the only assets that can see higher demand when prices rise. It's just not what normally happens in "regular" markets.
But, to be fair, silver (and gold) are anything but normal markets.
Silver supplies risk falling short of demand for some time to come. In mid-December 2017, I said silver would likely tack on steady double-digit gains before entering a "Tulip Mania"-style profit frenzy.
How to Get the Most Out of Gold's Defensive Profit Potential
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
I'm a trader. That means I like to be covered, defended at all times. That goes for individual trades and of course for all my capital.
My favorite protection? Owning gold.
The problem? There are a lot of ways to own it.
That's a concern I've heard again and again during my time as a trading and investing coach, and throughout my time as Editor of Power Profit Trades.
10 Cheap Silver Stocks Under $10
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Here's a list of 10 cheap silver stocks under $10 trading on the U.S. stock market today… Company (Ticker) Share Price Year-to-Date Return (as of March 1) First Majestic Silver Corp. (NYSE: AG) $8.80 +15.6% Tahoe Resources Inc. (NYSE: TAHO) $8.63 -8.6% Coeur Mining Inc. (NYSE: CDE) $8.29 -8.9% Fortuna Silver Mines Inc. (NYSE: FSM) […]
The 10 Best-Performing Silver Stocks of 2016
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
We've compiled a list of the 10 top silver stocks by percentage gains in 2016. All of these stocks are engaged in the silver mining industry and have benefitted greatly from the rally in silver prices in 2016.
Start the conversation