Wall Street Grand LLC is bullish in the silver sector as they believe that ultimately silver has more upside potential than gold and is at the cusp of a major secular rally.
Just this past week WSG called a breakout in silver prices and silver ran from as low as $16.50 on Monday to ending up rising to as high as $17.52 on Friday. If you adjust for inflation since 1980, silver should be trading at roughly $128 an ounce. As of today, silver is only at about $17 bucks. The investment community wants to know what’s been holding silver back up to this point.
For starters, major short-sellers including J.P. Morgan have been manipulating the silver markets. These short-sellers have placed enormous pressure on silver prices over the last several months. It’s ridiculous considering investment demand for silver continues to soar, mainly from booming coin sales, silver ETFs, and China continuing to accumulate the commodity as it is now for sale to Chinese citizens at their local banks.
But that’s all about to change. There are several events happening around the world that will definitely put the odds in silver’s favor again. In fact, WSG sees silver busting through its high of $20.78 silver reached in March 2008 sooner than the investment community thinks. It’s the outspoken voice of Wall Street Grand that has placed them at the forefront of every financial newsletter. Wall Street Grand has covered gold and silver many times throughout the years with unbelievable winners in both commodity sectors. You can check out their winning track record- http://www.wallstreetgrand.com/performance.html.
You can also read the Wall Street Grand analyst report on silver here- http://www.wallstreetgrand.com/downloads/silverreport09.pdf or go to our Commentary page.
Right now, the U.S. has a supply demand problem happening. Global silver production is projected to barely grow this year, at a time when investments continue to demand more of the poor man’s gold. Also, production costs are rising for silver, which will push the price higher. Did you know that according to the consultancy firm CPM, 12 billion ounces of silver existed back in the 1900’s? That figure has plunged to only 680.9 million ounces in 2008, according to the Silver Institute.
So over the last 110 years Americans have seen a whopping 94% drop in above ground silver supply. That’s a staggering number! But despite this obvious supply and demand advantage since 2000, silver continues to trail gold. The price is way below silver’s all-time high of $49.45 reached in 1980.
But again this is all starting to change. Believe it or not, over the last 12 months silver has jumped 37% while gold has only climbed 25%. Notice anything?
You got it; it seems we have already started to see the silver outperformance WSG has been predicting! The best part is that it has only just begun. If demand continues to grow, silver prices can easily pop through the March 2008 highs in 2010. In other words, silver is an investment opportunity of a lifetime right now and the companies positioned right could become spectacular winners according to Wall Street Grand.
Some of their past winners are EXK gaining 172% for the WSG club, HL gained as much as 442%, and SLW gained 167%.
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