Bargains of the Day
Gold has once again shown resilience in the near-term while silver has continued to fall in lock-step with the industrial commodities ... creating what I would consider a solid relative bargain. The gold/silver ratio has again pressed into the upper 60s... which I did not expect to happen again after the recent up-surge ... but that just means opportunity for those who abstained when silver dipped lower. The way I see it, anything under $20 per ounce for silver falls into the realm of deal of the century, and I am a concerted buyer of silver stocks at these levels.
In gold, the best bargain of the day is NovaGold Resources, in my opinion. With the unflappable backing of guys like Soros, this stock is inevitably going to develop its two primary assets: Donlin and Galore. Any sell-off like the one that we have witnessed over the past 2 days presents a golden opportunity.
ECU Silver looks like a nice entry price at $0.66 after reaching $0.72 just the other day. This is a core holding of mine, and has been since 2006 (I remain in the red: advantage ... you fools).
Great Panther also has re-entered ridiculous territory in terms of discounted reserves and production growth.
Happy shopping... these are the kinds of relative bargains that patient precious metals investors pine for.