Gold had a hiccup this week, but don’t despair, the trend is up and soon the $3000 per ounce mark will be shattered. However, don’t take your eyes off of silver where demand is outstripping supply.
Silver is utilized in solar panels, integrated circuits, power supplies, demand is robust, Uncle Sam can’t meet demand. This type of environment leads us to believe that $40 silver is in our future. Remember, there are few pure silver mines, most silver is produced as a byproduct, mostly from lead or zinc.