In our previous Blog we posted on March 31st 2016, Bulls To Bears: Dredging the Bottom for Precious Metal Stocks, we tried to warn everyone that there
would be a breakout in Precious Metals Stocks.
Since that time, Silver, Copper,
Gold, Platinum and others have moved to the up side to their highest levels in
over a year, and their set for its greatest month since 2013, in the midst of
the dollar slumping.
As Gold surpassed a one-year high most precious
metals stocks trended higher as the dollar touched a 11-month low after reports
of weaker-than-anticipated U.S. financial developments. The huge victor in the
sum of it all has been gold, silver and metal stocks, which are getting a major
lift as it turns out to be crystal clear the Federal Reserve's choice to bring
rates up in December was another slip-up.
Silver's has 16% surge this
month as well as silver imports climbed 39% in March, bouncing back from
the lowest levels since 2014. Gold has a very pleasant tailwind up right now
with the dollar frail and markets wavering and somewhat drawing back. The Bank
of Japan on Thursday sent shock-waves through financial markets after it
unexpectedly kept monetary policy tight. Many investors had expected the central
bank to announce more easing measures in an attempt to help inflation. That has
not happened.
So, it would make sense that these precious metals sector has been and will
remain among the top performing sectors right now. Mostly because its seen as
a of place of refuge. The principle question for metals speculators
now is whether this rally still has legs, or not? and/or more room to run?. For now some
Traders continue bidding up metals and related mining stocks!
Bulls To
Bears investors have enjoyed the ride up so far and believe me another BIG move in a different sector is
right around the corner. What will be next big move be? and will you be ready in
time? So if you are waiting
for the perfect time to seize an opportunity, the time is now! Visit BullsToBears.com and stay ahead of the curve!
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today! I urge you to start our 14 day FREE trial…so your adventures can begin
with our very next stock pick.
In other metals, platinum for July PLN6, +2.65% climbed $27.60, or 2.6% to
$1,078.30 an ounce, trading about 10% higher for the month. Palladium for June
PAM6, +1.07% rose $7.95, or 1.3%, to $632.30 and ounce, up about 12% for the
month. Copper for July HGN6, +2.31% added 5.6 cents, or 2.5%, to $2.289 a
pound, trading more than 4% higher for the month.
