On a day where the metals reversed higher and the mining stocks surged after the Fed said they would keep interest rates low for a long time, investors need to buckle up because silver and silver stocks are about to skyrocket!
Silver vs S&P 500
March 17 (King World News) – Graddhy out of Sweden: Still backtesting my blue support line. That backtest is the weekly cycle decline for Silver. When this goes, it probably goes. And when this goes, it is yet another big picture chart showing that bigger commodities inflation is coming.
Silver Is About To Skyrocket vs S&P 500!
In case you missed it…
News Just Out From North America’s Hottest New Silver Situation, Backed by Eric Sprott
Zacatecas Silver (ZAC – TSXV), the small cap silver situation with a huge land package in the heart of one of the world’s most prolific silver districts, just recently started trading as a public company but news out today shows it is hitting the ground running and wasting no time.
Zacatecas Moving Fast at their Panuco Silver Deposit
Zacatecas, which counts Eric Sprott as one of its largest investors, has moved very quickly and today announced it is accelerating plans to prepare a current resource estimate at the Panuco Silver Deposit, which is located in the north of the Zacatecas Property.
While the Zacatecas Silver property has multiple targets for high grade silver, Panuco is the most advanced with an historic inferred mineral resource of 19,472,901 ounces Ag Eq. (cut-off 100 g/t Ag Eq.) from 3,954,729 tonnes at 153.2 g/t Ag Eq (136 g/t Ag, 0.14 g/t Au, 0.012% Pb, 0.11% Zn). Also, very exciting to note is that Panuco is interpreted to be open for expansion along strike and open at depth.
Poised for Uplift– Lots of Cash, Tight Share Structure and Top Tier Management
Zacatecas Silver has a very strong cash position, strong backers such as Eric Sprott and management that includes CEO Bryan Slusarchuk, who is a co-founder and former President of K92 Mining and COO Dr. Chris Wilson, a geologist previously with mining behemoth Ivanhoe. Acquiring such high quality silver assets when the many market players were seemingly disinterested in silver assets might have put this company in exactly the right place at the right time given that silver looks poised for a once in a lifetime bullish environment. Zacatecas Silver, symbol ZAC in Canada.
To listen to James Turk discuss exactly what price targets to look for if the gold and silver markets have bottomed CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss the action in the gold, silver and mining share markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
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