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** Market Conditions Alert
**
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Silver's extraordinary "rerate" to
much higher price levels continued apace over the Christmas holiday, adding
another $2.80 and trading this morning over $75 per ounce.
That's a rally of more than 100% since
June, with silver's multi-decade $50 high left in the dust!
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Silver
has been moving into a new reality, having been mispriced at unsustainably low
levels for years.
There are no technical
resistance levels for silver on the charts and momentum seems to be increasing,
not diminishing.
Fundamentals remain strong
with ongoing production deficits and pockets of tightness popping up in major hubs
such as London, Shanghai, and Mumbai.
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Substantially higher silver prices in
the near term is a possibility. What is certain, though, is greater volatility.
Not to be forgotten, platinum
broke to new all-time highs last week and has similarly explosive potential. Gold
topped its all-time high from October and appears ready for a new rally.
As exciting as the recent price action
has been, it's prudent to avoid financial leverage and prepare mentally for large
price swings, including to the downside.
Interestingly, silver mining stocks
are barely keeping up with the metal itself. Given mining stocks are thought to
provide leveraged returns, many argue they are still cheap.
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Peter Bures, CEO of Silver
Crown Royalties, explains
why mining stocks may not be cheap anymore.
Money Metals is seeing a
dramatic influx of first-time buyers this month, suggesting that recent moves in
precious metals are finally being noticed by the American people -- the vast
majority of whom have literally no exposure to precious metals whatsoever.
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Phone lines are open at Money Metals
today (and Saturday), but there could be hold times given the incredible demand
coming in. Remember that you can always order
online at MoneyMetals.com!
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Other Great Options to
Consider
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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