Renewed Action in Anticipation of the Fed’s New Monetary Policy177 views 2012-09-27 00:36
“Silver prices are currently moving nicely high—much stronger than gold,” reports Clark. “Silver prices have lagged spot gold for quite a while now, and some of the best values that recently developed on the stock market are silver stocks.”
According to the Profit Confidential
contributor, there are actually very few stock that are more expensive, with
higher multiples and the best properties and prospects for profitable growth
going into 2013 and continuing into 2014.
“…there are actually very few attractive gold and silver mining
companies on the stock market at this time,” Clark
states. “Costs have been rising substantially at many precious metals
companies, and profitability at a lot of companies has been hit.”
In the large-cap space, Clark
points out companies like Barrick Gold, Newmont Mining, and Goldcorp, which have
all had a very tough year on the stock market. Despite the fact that these
large-cap companies pay a decent amount of dividends, their share prices
are still in the doldrums and price-to-earnings (P/E) ratios aren’t anything
special, notes Clark.
While renewed action has only just begun, Clark concludes that “gold and silver prices are rising, and this is exactly what mining stocks need.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to
predict that the U.S.
economy would be in a recession by late 2007. The daily e-letter correctly
predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on
stocks in March of 2009 and rode the bear market rally from a Dow Jones
Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain