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Gold/Silver Spike Up

Saturday, November 15, 2014 7:02

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(Before It's News)

TND Guest Contributor: Dave Kranzler |

Gold and silver took off like a rocket ship around 10:00 a.m. EST. In fact, silver is now a dollar higher than its low for the day. I could not find any discernible news that would have triggered the move. The euro and the yen both popped up vs. the dollar. Again, on no specifically identifiable news or event. Click to enlarge:

Of course, since the metals have been taken down systematically via highly determined Fed/Wall Street/U.S. Treasury intervention – in defiance of the fundamentals that overwhelmingly support much higher prices – a move like this on no news is very bullish news.

On a related note: The silver mining company I have most recently feature in my research reports section has become much more valuable today. You can access it here: Highly Undervalued Silver Producer.

This Company makes money on its silver production down to $12/oz. It is now free cash flow positive – yes, free cash flow. It has a separate mine-ready property with an extraordinarily valuable industrial metal deposit, in addition to a large silver/copper/gold deposit. This stock has outperformed the sector in the latest sell-off and it offers the “de-risked” benefits of a producer AND the huge upside of a junior. The latter point because it owns a lot of property that can be explored adjacent to both its current operating mine and its mine-ready deposit.

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About Dave Kranzler:

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.