We wrote it. Did you buy it?
On March 4, we told Growth Stock Wire readers that silver would likely outperform gold in the months ahead.
Over the three months before that essay, nearly $6 billion went into the largest gold exchange-traded fund (“ETF”) – the SPDR Gold Shares Fund (GLD). At the same time, money flowed out of the biggest silver ETF – the iShares Silver Trust (SLV).
[ad#Google Adsense 336×280-IA]Because of that, the gold-to-silver ratio – how many ounces of silver it takes to buy one ounce of gold – climbed to its highest level in nearly eight years.
It was out of whack.
As we showed you, when that happens, silver usually outperforms gold in the months and years that follow.
And that’s what has happened…
Today, the gold-to-silver ratio has dropped to around 68.
The price of silver has risen 32% since March 4… while gold has only climbed about 8% in that span. And since the start of June alone, silver has soared 26%… to around $20 per ounce today.
In early May, we shared four silver stocks that had climbed at least double digits from the time of our March essay: First Majestic Silver (AG), Fortuna Silver Mines (FSM), Pan American Silver (PAAS), and Silver Wheaton (SLW).
The four stocks have continued to rise, as you can see in the following table…
The silver bull market continues to roll on. If you took our advice back in March, you’re likely up at least 50%… and you could have doubled your money in some companies. If you bought into the sector in May, you should be sitting on double-digit gains.
And it isn’t over yet…
Recent history shows that silver returns 67% in the year after an extreme low in the gold-to-silver ratio. Once again, the silver price appears to be on track to match that number.
It’s a bull market in silver… Take advantage and get in now.
Good investing,
Matt Badiali
[ad#stansberry-ps]
Source: Growth Stock Wire