Gold broke out to a new all time high - While gold was up 2.05%, silver was up 3.98% - almost DOUBLE what gold did.
Perhaps there is a reason . . .
Silver usually moves in tandem with gold, but last year it fell more than gold. Now it’s leading gold on the way up. Silver still has a ways to go and the current silver to gold ratio stands at 61 to 1 and the ratio is too high. Silver is a buy.
Silver is too cheap compared to gold and is a buy. Eleven months ago it took 85 ounces of silver to buy an ounce of gold. Since then the ratio has come down in favor of silver. Now it only takes 60 ounces of silver to buy an ounce of gold. Silver is still too cheap compared to gold. At the end of 2007 it took only 45 ounces of silver to buy an ounce of gold - are headed in that direction again.
Recently, the Chinese announced that they are buying silver, and they are very savvy investors. If China`s doing it, it won’t be long before all of Asia follows. Now is the time for you to buy your silver mine while the price is still low while there is oversold and undervalued shares to get -
A slow and steady rise would suit me. Heck, a fast and steady rise is even better, though. The key word is rise--this will snap up like a rubber band eventually as silver climbs higher. It has too--this company is a producer. As it says on their splash page, the Galena Mine ranks as the 2nd largest producer in US history!
The Galena Mine lies in the heart of the Coeur d'Alene Mining District, the most prolific silver district in United States history with over 1.2 billion ounces of silver production. Throughout the long history of the Company's properties, the mines have produced some 9.9 million tons of ore containing over 200 million ounces of silver, 160 million pounds of copper, and 22 million pounds of lead at an average grade of 21.2 ounces per ton of silver, 0.8% copper and 8.8% lead. The Galena Mine ranks as the second largest primary silver mine in US history.
Yes, I like to make jokes and complain, but only to add levity to the board. I'm holding for the big payoff some day. Remember, he who laughs last....! :-)
Cdn Zinc Corp Com (TSE:CZN)fiatz(CAD)$0.3 UP $0.005 (+1.69% :-) Bid 0.30 Ask 0.31 Volume 19,300 Day's Range 0.285 - 0.31 Last Trade 10:31:30 AM EDT Click for Detailed Quote Page
Canadian Zinc Participates in Vatukoula Financings-Vatukoula Gold Mine Operational Update-Tuvatu Option Cancelled
For further information: www.vatukoulagoldmines.com
About Canadian Zinc:
The Company's principal focus is its efforts to advance The Prairie Creek Mine - a zinc/lead/silver property located in the Northwest Territories of Canada, towards production. The Prairie Creek Mine - is partially developed with an existing 1,000 tonne per day mill and related infrastructure.
Contacts: Canadian Zinc Corporation John F. Kearney Chairman (416) 362-6686 (416) 368-5344 (FAX) Canadian Zinc Corporation Alan B. Taylor VP Exploration & Chief Operating Officer (604) 688-2001 or Toll Free: 1-866-688-2001 (604) 688-2043 (FAX) invest@canadianzinc.com http://www.canadianzinc.com
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