3 Best Silver Investing Strategies for 2020 | Canada News Media
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3 Best Silver Investing Strategies for 2020

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Jeff Clark of GoldSilver shared his best silver investing strategies at this year’s Vancouver Resource Investment Conference.

The silver price could increase by 100 to 200 percent per year once a bull market begins, with the gold-silver ratio declining to 20 or lower, according to Jeff Clark of GoldSilver.

“Will there really be a silver price shock? If there’s a financial shock — yes, because investors will turn to gold and silver,” the precious metals analyst said during his presentation at this year’s Vancouver Resource Investment Conference.

He added that some of the factors that could drive that financial shock include derivatives associated with the nine largest banks, global debt, US corporate debt and private debt.

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Silver prices have increased year-to-date, following gold’s path as expected, but how should investors play their cards in this space? Clark gave three strategies to profit during this season.

1. Buy physical silver

Clark’s first strategy for investors interested in the white metal space is to buy physical silver. “(Physical) silver is not boring, it’s beautiful,” he said. “Once you silver stack, you’ll never go back.”

He added that despite common belief, coins are not impractical and risk is lower than buying stocks.

“You will profit more than you know in a silver price shock,” Clark added.

2. Buy silver stocks

His second suggestion for potential silver market participants is to focus on the equities market, which is even smaller than the physical bullion market.

“Use more than one method to triangulate and figure out who is the strongest player in the market.”

He explained that investors should be looking at the right metal, in this case silver, and then go for stocks with the highest leverage and the strongest performance.

3. Create your own fund of silver stocks

Clark’s last silver investment strategy for white metal enthusiasts is to buy a large group of stocks in order to lower the risk of finding the “right one.”

“First we are going to try to buy developers,” he said. “That’s because they get rerated as they become a producer.” In his opinion, the second aim should be merger and acquisition targets, and that’s because they will have to do deals just to keep up.

As part of his presentation, Clark shared his own basket of silver stocks, which includes producers, developers and explorers.

From the producers, First Majestic Silver (NYSE:AG,TSX:FR) and Endeavour Silver (NYSE:EXK,TSX:EDV) made the list for Clark.

Looking over to developers, the expert included SilverCrest Metals (TSX:SIL,NYSEMERICAN:SILV), MAG Silver (TSX:MAG,NYSEAMERICAN:MAG) and Alexco Resource (TSX:AXU,NYSEAMERICAN:AXU).

Finally, for those interested in explorers, Clark mentioned Discovery Metals (TSXV:DSV,OTCQX:DSVMF).

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Alexco Resource is a client of the Investing News Network. This article is not paid-for content. 

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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