Dear Reader,
We’ve focused a lot on gold in these Daily Dispatches, but it’s not the only precious metal, of course, nor even the only monetary metal. Silver, indeed, is the word for money in Spanish, French, and other languages as well.
This week, we let Silver speak for herself, and hope our readers will take heed.
Sincerely,
Louis James
Senior Metals Investment Strategist
Casey Research
P.S. Newsflash: I’ve been invited to speak at the upcoming Stansberry & Associates Natural Resource Conference, Saturday May 31, 2014, at the AT&T Performing Arts Center in Dallas, Texas. Oddly enough, I wasn’t invited to speak about gold, nor any metals at all—but about my move to Puerto Rico in search of lower taxes. If you’re curious about my move to legally reduce my taxes while remaining in the US or want to hear the latest regarding resource investments, this event is the soonest you’ll be able to do so. Stansberry & Associates Natural Resource Conference
| Rock & Stock Stats |
Last |
One Month Ago |
One Year Ago |
| Gold | 1,302.12 | 1,311.40 | 1,462.00 |
| Silver | 19.69 | 19.98 | 24.14 |
| Copper | 3.07 | 3.01 | 3.24 |
| Oil | 100.60 | 99.19 | 93.64 |
| Gold Producers (GDX) | 24.46 | 24.48 | 30.58 |
| Gold Junior Stocks (GDXJ) | 37.44 | 37.98 | 51.40 |
| Silver Stocks (SIL) | 12.54 | 12.96 | 15.20 |
| TSXÂ (Toronto Stock Exchange) | 14,533.57 | 14,299.49 | 12,329.51 |
| TSX Venture | 1,013.59 | 1,018.26 | 964.67 |
I wrote to Silver last week, and she answered back. I’d like to share our correspondence with you…
Dear Silver,
Happy anniversary. It was on April 25, 2011 that you hit $49.80 per ounce in the New York spot market.
Today, three years later, you sell for around $20, nearly 60% less.
