Silver Standard Resources Incorporated: Is a Buy
Thursday, June 22, 2017 at 09:12PM
Gold Prices

Background

Since peaking at $50.00/oz in 2011 silver has had a torrid time, along with gold, however, over the last year or so both appear to have bottomed and are showing some signs of life. Sentiment is still against the precious metals and it remains unloved and on the canvass which is an ideal time to acquire it. The time to buy is when no one else wants it and it can be acquired at a deep discount to its previous high.

The same goes for those good quality mining stocks that have also been battered as evidenced by iShares Silver Trust (SLV) and the Gold Bugs Index (HUI) which is 70% down from its high (630-186) made in 2011. Our focus is now concentrated on those mining stocks that we believe have leverage to and will outperform both the metals and the Indices.

Today we will take a quick look at one such opportunity which is Silver Standard Resources Inc.

The Company

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gold and the miners are testing important support levels at the moment, the summer is usually a low point for them.

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