Stockchase Opinions

Don Vialoux Global X Silver Miners SIL-N TOP PICK Dec 31, 2014

Silver is going through a period of seasonal strength. It has 2 periods of seasonal strength. Usually from July right through until October of each year, but the greatest of all is from the beginning of December right through until the beginning of April. This has been trading in a range between $8.20 and $10.30 over the last 6 weeks. A break above that $10.30 level is where we are going to get the nice pop in the stock.

$9.260

Stock price when the opinion was issued

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PAST TOP PICK

(A Top Pick July 23/15. Down 3.81%.) This has been a disappointment, because typically we get seasonal strength for the silver equities during this time. If there is any kind of strength between now and the end of the month, that will be an opportunity to take your position off.

TOP PICK

Silver has strong positive seasonality from about the end of July through to about the middle of October of each year. Technically silver equities are already in gear and are actually outperforming silver itself. Silver and silver equities are very attractive at current prices.

WEAK BUY

How to Play Silver. There are three different ways to play: Seniors (SLVP-N), Juniors (SILJ-N) or the metal, SIL-N. He would buy SIL-N on dips. But if the US$ gets stronger in the interim, then it would mitigate some of your gains.

PAST TOP PICK

(A top pick Aug 5/16. Down 23.72%.) He had told people at the end of September that you no longer want to be in these securities any longer.

TOP PICK

This has strong seasonality from the middle of December through to about the end of February.

COMMENT
A silver miner play in the US. There is no way to play the silver sector with an ETF on the Canadian market.
TOP PICK

A bit of a laggard, and then it broke out. You just can't argue with a good old-fashioned breakout. Lots of upside on silver, because there's lots of upside on gold, because there's lots of upside on all the commodities. In a new commodity mega-cycle, mainly due to increasing power draw needed for AI, EVs, data storage, and similar trends.

PAST TOP PICK
(A Top Pick May 21/24, Down 4%)

(Note the short timeframe.) Still likes silver. For someone looking for a trade, still a good place to buy with lots of upside.

TOP PICK

Looking at the 3-year chart, it has broken down. But there's a pretty good level of support coming in. Plus fundamental reasons for owning silver -- could be a good inflation or currency hedge. Not a bad position to take advantage of the old resistance / new support level.

PAST TOP PICK
(A Top Pick Nov 25/24, Up 12%)

(Note the short timeframe.)  Thinks it will go to old highs. He's been buying the producers. A better trade than gold right now, as gold's a bit overdone.