Is This A Buy The Dip Moment In The Junior Silver Stocks?
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For a number of fundamental and technical reasons, I’m very constructive on the medium-term and longer-term trajectories of the energy stocks exploring for or extracting oil, nat gas, uranium, or the critical industrial metals like copper, nickel, zinc, platinum, and palladium from the ground. However, one of the larger mismatches I continue to see in equity valuations, based on how the underlying commodities have trended and how the related resource stocks have traded, remains in the precious metals equities. There are plenty of bizarre valuations in both the gold and silver stocks, from producers and developers all the way down to the earlier-stage exploration stocks, and no shortage of bargains out there to pick from…