This blog provides analysis, advice, trade ideas and other happenings. I frequently publish research at major investing websites. The most featured sectors on this website will depend on what is currently trending and hot in the market.
Custom Investing Search Tool
Saturday, September 1, 2012
The Miners Have Outperformed Gold And Silver; 3 Stocks That May Outperform Platinum
Those who follow precious metals have likely taken note that gold is trading at a higher price than platinum recently. This is historically very rare and thus suggests to this author that platinum may soon rebound above gold prices. Since the mid 1990s platinum has generally traded 50% to 100% higher than gold. Right now platinum currently trades at $1516 an ounce whereas gold is now trading at $1660 an ounce. Although platinum is up approximately 13% this month, I think the current run up may have just begun. I have thus recommended considering adding physical platinum to your portfolio or investing an ETF such as (PPLT) in addition to owning physical gold and silver or the ETFs (GLD) and (SLV).
In both the gold and silver space I have been recommending investing in individual miners as a third-line approach, behind owning physical assets or the GLD and SLV. While the GLD, SLV and PPLT are up 2.2, 10.9%, and 7.5 % respectively in the last month, the miners of these metals have been outperforming the metals over the last month. Gold and silver miners as measured by the (GDX) and the (SIL) are up 8.3% and 11.9%. To my knowledge the one ETF that tracks the price of platinum miners is the (PLTM). This index in my opinion is to be avoided as ....READ ARTICLE
Subscribe to:
Post Comments (Atom)
Popular Posts
-
It wasn't the best and it wasn't the worst. InvenSense, Inc. (NYSE: INVN) the leading provider of intelligent sensor system on chip...
-
As many of my followers know I have been covering AT&T (NYSE:T) heavily of late because I continue to establish the thesis that the co...
-
This article will be the first time I have opined on Prospect Capital Corporation (NASDAQ:PSEC) a beaten down stock with a great yield. Whil...
-
Netflix (NASDAQ:NFLX) is pressing the FCC to reject the $48B merger of AT&T (NYSE:T) and DirecTV (NASDAQ:DTV), according to regulatory f...
-
Fifth Street Finance Corp. (NASDAQ:FSC) announced its financial results for the first fiscal quarter ended December 31, 2014. First Fiscal...
No comments:
Post a Comment