Just another boring up day for the precious metals. Gold ended on the upside once again after testing the $1045 low for a $15 swing closing at $1060. Silver had a 68 cent swing closing at $17.61 but is the one metal I believe is going to surpass gold in percentage terms when all is said and done. It is still off it's $20 high last year but the interesting part is the supposed massive short position that could propell it much higher and faster should the US dollar downdraft ramp up.
My past experience has told me that in a precious metal bull market you want to own an explorer in a prime area, near a big mine, and with strong experienced management that knows what they are doing.
This brings me back to my #1 precious metals pick, Artha Resources, V.AHC. They have a 55% option on a piece of land that surrounds three sides of Silver Standard's Pirquitas silver mine in Argentina, as well as some choice exploration properties in the near vicinity. You could not ask for a better situation being next to one of the big boys.
Nothing is ever gauranteed in the junior exploration game but in this case your odds sure went up being in this neighborhood.
www.artharesources.com
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