Load the Silver Etf Bullet

Chartwell Law Firm - Load the Silver Etf Bullet

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William Jennings Bryan's "Cross of Gold" speech on July 9, 1896 electrified the Democratic National institution giving the 36 year old the inside track on capturing the presidential nomination.
The speech addressed the issue of monetary policy and the consider over backing the dollar with gold and silver rather than just gold which was deemed overly restrictive and unfair to working citizen and farmers. It ended with this memorable sentence:

What I said. It just isn't the conclusion that the actual about Chartwell Law Firm. You see this article for facts about a person wish to know is Chartwell Law Firm.

Chartwell Law Firm

"You shall not press down upon the brow of labor this crown of thorns; you shall not crucify mankind upon a cross of gold."

Gold Etfs have attracted huge inflows by investors seeking a hedge on inflation, protection against global fiscal imbalances, a weak dollar and the quest for positions that hopefully will not be closely correlated to global equities.

It's time to take a closer look at silver and the silver Etf which has come back sharply to a price under its originate price earlier this year.

Silver has long been the neglected orphan of the precious metals markets. Investor sentiment towards silver has been depressed by the perception the examine for silver in film and paper for photo imaging falling sharply due to the rise of digital technology. But photography only accounts for about 8% of total examine for silver.

Actually, silver has some of the best-looking provide and examine fundamentals in the metals markets. The examine for silver is rising fast, due to both expanding examine for the raw material for the invent of jewelry and silverware, and because it has so many market applications.
It is, for example, one of the best electrical conductors of all the metals. "Every time a homeowner turns on a microwave oven, dishwasher, clothes washer or television set, the performance activates a switch with silver contacts", says the Silver Institute.

However, the real case for investing in silver lies on the provide side because silver nothing else but is quite rare. There are only 23 pure silver mines operating colse to the world and most of the silver provide comes as a by-product from mines generally engaged in digging for lead, zinc and copper. Furthermore, silver output was flat this year and is incredible to be flat again next year.

Mined silver has been less than examine every single year for the last 15 years but this hasn't been a huge qoute because the world has been able to fill the gap from inventories and official stockpiles.
However, today the Us government stockpile is all but gone and sales from other official sources such as China, Russia and India appear to be declining too. Agreeing to explore counselor Cpm, in 1990 there were colse to 2.2 billion ounces of silver held in above-ground stocks. Today, there are probably only about 300 million. That's a 50-year low.

The SilverStockReport.com notes that while about 95% of the gold ever mined still exists in above-ground refined form, 95% of the silver ever mined has been consumed by electronics and jewelry. Aside from market demand/supply imbalances, silver is once again being viewed by many as a pure metals investing play.

When the Silver Etf (Slv) was launched in on April 21st at a price of 1, I recommended to clients to sit on the sidelines because of the rapid run up in silver price while the Sec registration process. Since then, the silver Etf price has fallen from a high of 2 in early May back to 9 while accumulating .2 billion of silver.

It is also attractive to look at the point and shape chart for (Slv) complements of Chartwell Advisor's partner Don Smith, President of go2mypv.com.
Slv Holding: Date: Open: High: Low: Close: Volume:

Ishares Silver Trust 8/18/2006 120.85 121.21 118.5 120.6 229,300

Don's view is that Slv broke through a triple lowest in May but by the end of June took a nice turn. If it reaches level of 8 it will break a second consecutive double top which is a buy signal.
With an each year fee of only 0.50%, the silver Etf is the cleanest and easiest way to gain some exposure to silver. Someone else choice is to invest in one or more of the largest silver miners but they are for the most part located in somewhat unstable countries such as Bolivia and Peru.

The top six silver miners have a combined market cap of just billion and do not seem particularly cheap to me. The largest silver miner in the world is Bhp Billiton (Bhp) which I have liked for some tome and now has a market cap larger than Coca-Cola. Bhp is also the largest position in the Australian Etf (Ewa).

William Jennings Bryan's "Cross of Gold" speech is a superior and investors can advantage from his attractive message 110 year later. Put the silver Etf in your core portfolio with a trailing stop loss of 10%.

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