If these are not winners... Then what is? Some big, some obviously small... What's the common theme? Gold and silver obviously...
I have at one point or another highlighted my đ on precious metal group. Just wanted to have a quick sharing of some of my holdings... Definitely not to show off... There's nothing on show here...
My biggest gold and silver theme stock, $Wheaton Precious Metals(WPM)$ is not even here on display... Yep, it hits its resistance upper limit and corrected slightly, but that uptrend is very much alive and going... For $100 and beyond... I am looking at least a 5-bagger there... and it's a long time coming, being HODL (Holding On for Dear Life) there. Can't even remember when I bought it. Just know that it's running on free carry... That just meant that I have sold some to take back all my investment money with profits. This run is basically free...
Anyway, back to the objective of this quick sharing. With USD not doing its job as the world leading currency with Trump ruining every step along the way while enriching his family with his own cryptocurrency (free since he didn't even need to print them in the digital age), precious metals and certain cryptocurrency must take up the slack... until of course some other currencies become strong enough to take over.
Looking at gold-silver ratio, silver will be the clear winner since that is lying around 94 at the moment. The historical mean average used to be around 54! So, there's a long way of correction in order to reach this "parity". It also means silver price could easily double IF gold stays the SAME! It is definitely a big IF... With the further weakening of USD, gold price is also not expected to stand still... Meaning?? Silver could easily more than double... Its ATH is close to$50. This target should be easy in current uncertainty. It's what's beyond that everyone's guess... and I am definitely betting it to go way beyond looking at the ratio referred above.
What is your take? Join me, anyone?
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