STRIEBRO – stále ešte prijateľná cena
Nastane v blízkom období prudký odpredaj? Alebo cena vystrelí ešte vyššie? Je dobré nakupovať teraz, alebo chvíľu počkať?
I wish I could tell you the near-term price movements in silver, but you know that is impossible. Could we suffer a sharp sell-off? Yes. Could we truly explode in price from here? Yes. Could we chop around current levels? I suppose.
Since the short term is (always) iffy, what can we say with confidence about the long term in silver? Silver is still undervalued. Silver is cheap relative to other precious and base metals, despite its dramatic price advance. In fact, because so many commodities have also advanced, silver is still historically undervalued when compared to the broad array of commodities.
Someday, I am convinced that silver will vastly outperform just about every other commodity. When that occurs, it will probably indicate that silver is blowing off, or even in a bubble. Then I will not be able to make the case for silver’s relative undervaluation and the sale of long-term positions will have to be considered. For now, however, silver is not overvalued compared to almost everything else.
If you told me years ago, when silver was stuck in the $4 to $5 trading range, that we would breach the $20 mark with the short position still in place, I would not have believed you. A move above $20 would surely have been the result of noticeable short covering. This would have resulted in silver being overvalued to other metals and commodities.
Therefore, if we do get a sharp sell-off, it should be bought. But, given the circumstances in silver, there is no assurance we will get that sharp sell-off. So, what to do? Long-term holders should buy silver now. Short-term fluctuations won’t matter much if the price is a lot higher a year from now. Cost averaging is another excellent approach.
There is one special group of investors in a great position to buy silver. They don’t have to be concerned about whether silver sells off sharply or explodes in price. These are the gold only investors. I recommend they switch gold for silver.
Zdroj: SilverSeek.com
17.03.2008
