"The Skeptic" has been wildly bullish on precious metals generally, and silver specifically, since about 2001. This is how "The Skeptic" makes his money, by seeing the future. You may ask how it is that "The Skeptic" can see the future. Well that's none of your damn business.
Silver has been in a consolidation phase for just over a year now. Meanwhile, central banks around the world have continued to print money, the silver ETF (SLV) has continued to drain supply from a tight market and there have been a range of new products introduced that use silver. "The Skeptic" has been patiently waiting for silver to end this consolidation in anticipation of an explosive move in prices. That time has not yet come but it appears imminent.
Be aware...at some point silver is going to go ballistic. In anticipation of silver completing this current consolidation "The Skeptic" is ready to start putting some money to work. As a result this week's pick is SLW- Silver Wheaton. Buying Silver Wheaton is a direct bet on higher silver prices. Just like the commodity itself SLW has been consolidating for a year. You can bet that when this stock gets a couple closes above the $12 mark it will gain serious momentum. Currently SLW is sitting right at that magical $12 mark.
Disclaimer: Author does own this stock and is not a broker. Should you buy this stock based on this post you might lose all your money and end up living in the street.
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