So much for the range trade idea,this precious metals train is leaving the station here with the continued demise of the US dollar. Gold and silver exploded upward again today peaking at all time highs of $1140 gold and and $18.49 silver. To put it a in better perspective, gold was up 1.2 % while silver rocketed over 5.7% ! Silver is a smaller and tighter market with a much larger short position than gold and has been lagging gold for awhile now. I smell some fireworks.
You can now see why I like Artha Resources so much for it's silver potential. Not to downplay their gold potential though. They have updated their website and there are two noticable mentions. One is for large tonnage,low grade gold potential on their Davcha 2 & 3 proprties and a mention of potential copper vein system/deposit on the main Davcha 1 property seperate from the silver/tin/zinc.
This has expanded the company's options huge here,not to mention the Wyoming uranium properties they are holding. Multi dimnensional company or what ? When hunting for a junior explorer AHC has it all in my books,not a single red flag in sight.
Where does the precious metals market go from here ? No one ever knows, but as one metals trader stated today : "This is not a market to stand in front of." Enuff said.
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