Invest in Precious Metal Miners During Coming Earnings Season
Source: Seeking Alpha, Hyperinflation (10/1/09)
". . .if you had to put all your eggs in one basket, it would definitely be. . .the precious metal miners"
As for the gold miners (which I'm slightly more bullish on for earnings season, as opposed to the silver miners), they have averaged a record 3 month (quarterly) market price. This, combined with many miners scrambling to ramp up production on new projects, will easily surpass past revenue records among the miners. Augmenting this fact, are the very low cash costs (and all in costs for that matter), which will undoubtedly help to set record net profits, cash flows and operating margins.
Silver, on the other hand, may look relatively unimpressive in relation to the gold miners, but many exogenous factors should surprise investors as well. For those who have been following the major and emerging silver miners realize this industry has changed substantially from just a year ago.