Coeur d'Alene Mines and Silvercorp Metals Continue to Benefit From Surging Silver Prices -- QE3 Sends Silver to 6-Month High
September 20 2012 - 8:20AM
Marketwired
Silver stocks have been on a tremendous run in recent weeks on the
announcement of stimulus measures from central banks across the
globe. Both the Global X Silver Miners ETF (SIL) and the iShares
Silver Trust (SLV) have gained nearly 25 percent in the last month,
more than 10 times the gain of the Dow Jones Industrial Average
over the same period. Five Star Equities examines the outlook for
companies in the Silver Industry and provides equity research on
Coeur d'Alene Mines Corp. (NYSE: CDE) and Silvercorp Metals Inc.
(NYSE: SVM) (TSX: SVM).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CDE www.FiveStarEquities.com/SVM
The Federal Reserve Last Thursday announced the implementation
of Quantitative Easing 3, which will focus on bond purchases in the
mortgage market sending silver prices surging to a six-month high.
Investors have historically flocked to precious metals as bets
against currencies in times of economic unrest. The previous round
of quantitative easing in 2011 helped send gold and silver prices
near $1,900 and $50 an ounce, respectively.
Five Star Equities releases regular market updates on the Silver
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.FiveStarEquities.com and get
exclusive access to our numerous stock reports and industry
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"While silver trades more volatile than gold, when the
fundamentals for the safe-haven trade are in place, it performs
extremely well and is affordable for any investor seeking refuge
from the equity and bond markets or looking to hedge the dollar."
said Dawn Bennett, portfolio manager of the Bennett Group of
Funds.
Silver have outgained all other top commodities over the past
decade. Silver prices over the last ten years have gained 572
percent compared to gold's gain of 428 percent according to a
league table compiled by Lloyds TSB Private Banking.
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