GOLD & SILVER PICKS

[Picassa]

Silver hit a short-term bottom at $33 (lower than we expected) and could rally in the low $40s before backing off again. But, as we said, that's the short term. Long term, silver will go far higher as the world becomes more invested in solar power. And that doesn't even consider silver's monetary value. At an availability ratio of 10/1 with gold, we believe silver to be deeply undervalued and in the very early stages of a massive bull market.