The metals market is on fire – with precious metals like silver and platinum joining the party gold has enjoyed for a while. Investors are also warming to energy metal plays like uranium. Here’s what you need to know…and how to profit…courtesy of MoneyShow experts.
Mike Larson MoneyShow.com
I grew up watching The A-Team as a kid – so the phrase “I love it when a plan comes together” will always be stuck in my head somewhere. And it certainly applies to the action in METALS these days!
I’ve been talking about how the bull market in gold would likely spread to other metals…and that it was a profit opportunity in the making. So, have many of the best metals experts in our MoneyShow roster. Now, we’re seeing it unfold in real time – as you can see in the MoneyShow Chart of the Day here.
Silver jumped last week. Platinum soared. Palladium is on the move. Copper lagged, but it’s still up nicely on the year. Amid a hard asset revolution, could energy metals like uranium be next? It’s a thesis getting kicked around by some people I follow closely.
ETFs like the iShares Silver Trust (SLV), abrdn Physical Platinum Shares ETF (PPLT), abrdn Physical Palladium Shares ETF (PALL), and the United States Copper Index Fund (CPER) are easy vehicles to invest in if you’re looking for exposure. Depending on your risk tolerance and preference, you can also trade commodity futures or buy physical metals.
Just keep in mind the importance of timing and key levels, especially if you’re trading shorter term. Bloomberg says platinum ETF flows have risen 3% in the last few weeks, while silver ETF inflows have climbed 8%. At some point, too much money will flood in and it’ll be time to ring the register.
Then again, silver DID trade around $50 an ounce back in 2011. It finished trading last week around $36.
Mary Anne & Pamela Aden The Aden Forecast
Energy security is at the top of the list of global worries – and uranium is becoming the number one solution around the world. Uranium shares are rallying in response.
The White House signed an executive order aimed at pushing along domestic energy projects, with nuclear included – and it sent a big message. In today’s world, the goal is about building reliability and resilience because this means strength and, therefore, control.
Nuclear energy does what no other energy source can. It’s about 8,000 times more energy-dense than fossil fuels, and it runs almost around the clock. With US nuclear plants operating at a 92% capacity factor, it makes them twice as reliable as natural gas, and three times more reliable than wind or solar.
This is why the US is turning back boldly to nuclear power. Nuclear energy is also growing around the globe. Canada, France, the UK, and China are all on board with the nuclear revival, and it could ignite a global nuclear race. Most importantly, it’s about energy security and not about weapons.
Our positions are doing great, with our targeted picks at new highs, including the Global X Uranium ETF (URA).
Brien Lundin Gold Newsletter
No, your Gold Newsletter Alert service hasn’t transformed into a daily letter. But it’s silver’s turn to break out.
We’ve become accustomed in this 15-month-long bull market to seeing gold-only moves, with silver only reluctantly following along, if at all. That’s because this gold bull was spawned and supported by central bank buying, and central banks don’t buy silver or mining stocks.
We’ve also become accustomed over the years to seeing silver spike higher, have silver bugs like us get excited…and then getting whipsawed as the rally was viciously driven down by concerted selling in the paper silver market.
Still, this move looks for real, not just because the metal is up so much recently, but because it absolutely demolished upside resistance at $35. If you want to appreciate just how imposing that level has been, take a gander at the 10-year silver chart from Kitco.
Updated as of last week, this decade-long chart’s Y-axis doesn’t even go above $35! That’ll have to change now. Silver even traded over $36 at one point recently, but was then brought down by either shorts in New York…or my friend Adam Taggart’s top-ticking post on social media.
Read the full article here
