Who loves a weaker Dollar the most?
Have you run the numbers?
If you take it back to when the internals of the US Dollar began to deteriorate, you’ll quickly see that the correct answer is:
It’s not US Stocks. And, as well as Europe & Japan have done, it’s not $EFA either.
When you look at Emerging Markets as a group, they’re no where near Silver’s performance.
Now, on a more individual basis, Chinese Stocks are absolutely ripping. But as an ETF, Silver is shining way more than EEM.
And do you know what else stands out about Silver during this run up? It’s outperformance over Gold.
Here’s Silver making new 6-month highs today relative to Gold:
When precious metals are acting well, you’ll notice that Silver tends to outperform. On the other hand, when precious metals are under pressure, you regularly see Silver underperforming, and getting hit hard than its Gold counterpart.
Silver outperforming Gold is a positive characteristic for precious metals.
It doesn’t mean we don’t like Gold. In fact, Silver outperforming makes me want to own even more Gold.
Our precious metals positions keep working.
If you’re not already in them, then you’re going to want to check out our favorite Gold & Silver plays on our Rangefinder App.
Premium Members can check out all of our trades detailed on the Trade Ideas Page.
And if you don’t already have Rangefinder hooked up to your account, just email me and we’ll hook it up.
You can also call Mary and she’ll take care of you. She’s way nicer than me anyway! +1 (323) 421-7910
What’s your favoirte precious metals play?
Do you agree with our approach?
Or do you have a better idea?