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Richard's Remarks


I have become increasingly interested in silver. Unlike gold, silver is actually used up in manufacturing. Silver is a great conductor of electricity and has a thousand commercial uses. From what I understand, there is currently a world shortage of silver. The US' reserves of silver are practically depleted.


Below we see a chart of the silver trust, SLV. SLV has now surged above both its 50-day and 200-day moving averages. Note that after hurtling its 200-day MA, SLV has tested its 200-day MA on numerous occasions. I like SLV and think it is a buy.





Below silver (SLV) pitted against gold (GLD). Silver is beginning, on a relative strength basis, to outperform gold. This is a second reason to take a position in SLV.





Nobody's paying much attention to the Utilities, but I keep an eye on them. The Utilities often top out a few month or more before the ... Log in or subscribe to continue reading.

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