Precious metals have struggled ever since reaching highs in October 2012, but have since rebounded in late 2014 and into 2015. The most popular precious metals ETFs, such as the SPDR Gold Trust (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV), are up 6% and 7% in the last month, respectively. The ETFs that track many of the companies that mine and sell these metals are up even more. The Market Vectors Gold Miners ETF (NYSEARCA:GDX), the Market Vectors Junior Gold Miners ETF (NYSEARCA:GDXJ) and the Global X Silver Miners (NYSEARCA:SIL) are up much more in the last month compared with the metals they produce, gaining 18.4%, 13.5% and 10.3%, respectively. Given recent sell-offs this week, it could be a good time to get into some of these names for the longer-term. After the 2 and a half year glut, I believe that the gold and silver ETFs mentioned above are now strong buys after their massive sell-offs.
While these ETFs are good long-term buys at current levels, greater returns can often be had from individual companies. There are multiple reasons to be bullish on silver and by extension, silver companies. The purpose of this article is to revisit and reassess in depth a premier silver company with potential upside that my readers continue to inquire about.
General Company Overview
Endeavour Silver Corporation (NYSE:EXK) is...READ MORE
No comments:
Post a Comment