OPINIONS
Silver has had a rough year, slumping to major new secular lows.
After sliding on balance for years now, even the diehard silver bulls are
losing faith in their metal.
Despite its vexing slumber, silver's price-appreciation potential from
today's levels remains enormous, says Mark
O'Byrne. Between radical under-investment and very high speculator silver
futures shorting, silver is poised to see massive buying as gold recovers.
Like all markets, silver is forever cyclical. It perpetually meanders from
in favour to out of favour and back again. And after falling on balance for
years as QE3 sucked capital and interest away from portfolio diversification
with alternative investments, silver is way overdue to reverse into its next
major bull.
The brave contrarians willing to buy silver and its miners low before this
becomes widely apparent stand to earn fortunes.
Mark O'Byrne is executive director of Dublin-based GoldCore
