You’d have to be living under a rock to not know that gold is surging this year. And gold miners are performing even better than the metal itself. In a sign that the rally in precious metals might be getting a little more speculative, silver has started to outperform gold. And silver miners are outpacing their gold cousins:
That doesn’t mean the precious metals rally is nearing its end. From a longer term momentum perspective this trend is very young. But it does mean it is entering a more speculative phase. Your allocations to silver or silver miners should probably be fairly small relative to your gold positions and your overall portfolio.
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This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.
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