Midas Letter Lists the Top Ten Takeout Targets for Silver Companies - Video Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 15, 2011. Midas Letter's James West lists
his top ten takeout targets among the silver producers.
Investmentpitch.com, a multimedia company providing a combined solution for
creating, hosting and distributing video content for public companies, has
prepared a video, summarizing this report. The video summary can be viewed at
this link. If this link is not enabled, please visit www.investmentpitch.com and
enter "Midas Letter" in the search bar.
Gold's performance during the last decade is increasingly a matter of common
knowledge. It's up year-to-date 24.35%, and is up over 400% in the last ten year
bull market cycle. Recently, it's been looking a little toppy, but by many
accounts, this is normal consolidation before moving much higher. The
fundamentals that launched the great bull in 2000 are very much intact, and some
would argue, even more compelling now than back then.
But here's something that only a handful of the world's savviest precious metals
investor have embraced: Silver is the much better trade.
In fact silver, in the same year-to-date window, has risen in price by 94.65%,
outperforming gold by nearly four times. And, as 2011 gets underway with worse
housing markets, a sovereign debt crisis that keeps spreading, political unrest
in the Middle East nowhere near ended, and the U.S. dollar teetering on the
verge of collapse, the broad movement into precious metals as the only viable
value preservation strategy will likely pick up steam. And that only means one
thing for silver: another year of outperforming gold.
Even during the recent corrective movement in gold and silver over the last 45
days or so, silver both plunged harder and recovered quicker, now trading near
record highs.
Why is silver outperforming gold so well?
Probably one of the biggest silver bulls out there in terms of putting his money
where his mouth is, Eric Sprott has some pretty clear ideas on that. From his
piece Gold Tsunami published in January this year:
"Even more surprising is the increase in Chinese demand for silver. Recent
statistics show that silver imports have increased fourfold from 2009 to 2010.
In 2005, the Chinese exported just over 100 million oz. of silver. In 2010, they
imported just over 120 million oz. This represents a swing of 200 million+ oz.
in a market that supplied a total of 889 million oz. in 2009 - a truly tectonic
shift in demand.
We believe Asian demand for physical gold and silver is akin to a tsunami. While
precious metals prices have corrected on the paper exchanges, the inflation
resurgence in Asia is quietly driving new, unforeseen levels of physical demand
for the metals. While the world continues to float on a sea of paper, this
massive wave of physical demand silently threatens to crash into the physical
gold and silver market, potentially wiping out tangible supply."
Okay so there's the bottom line on future demand: get ready for both silver and
gold prices to take off again soon, but watch silver: its going to exhibit
stellar performance.
So silver and gold are both excellent monetary metals in which to preserve
value. But where to speculate? Silver bullion, sure, but what about the junior
explorers. As we've seen with companies like Ventana Gold, Colossus Minerals,
and Continental Gold, junior explorers who successfully identify large high
grade deposits experience exponential share price appreciation upon the release
of excellent drill results.
Junior miners and explorers are a great way for speculators to leverage off the
bullion prices. Midas Letter has been keeping an eye on a lot of silver
producers and explorers since 2008. So we feel eminently qualified to bring you
another Top Ten list, this time focused on Silver companies listed on the TSX
and TSX Venture exchanges, both the world's premier exchanges for resource
capital.
* Avino Silver and Gold Mines Ltd. (TSX.V:ASM)
* Fortuna Silver Mines Inc. (TSX:FVI)
* Great Panther Silver Ltd. (TSX:GPR)
* Mag Silver Corp. (TSX:MAG)
* Minco Silver Corp. (TSX:MSV)
* Orko Silver Corp.(TSX.V:OK)
* Sabina Gold and Silver Corp. (TSX:SBB)
* Soltoro Ltd. (TSX.V:SOL)
* United Mining Group Inc: (TSX.V:UMG)
* Xtierra Inc. (TSX.V:XAG)
Silver is Going to Break Records in 2011
The price of silver is poised to break records and narrow the number of ounces
of silver it takes to buy an ounce of gold. James Turk, Eric Sprott, David
Morgan and many other experts on silver price movements are all calling for a
closing of the ratio to as much as 25 to 1. At today's current price of $30.77
per ounce, and with gold at $1,375 per ounce, it will take 44 ounces of silver
to buy one of gold. If that ratio were to close to 25:1, at the current price of
gold, that would suggest a silver price of $55 an ounce.
The current price is within $1 of the recent record for silver.
Please visit www.midasletter.com for a copy of the full report.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 16.02.2011 - 00:03 Uhr
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News-ID 51516
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