Tip TV Mining: Silver the one to watch after Gold kickstarts the upside move



Bonnie Hughes, Natural Resources Forecaster, opened the first ever Tip TV Mining Show alongside her co-host Charlie Gibson, Head of Mining for Edison Research, and together they were joined by Ian Williams, CEO and Chairman of Charteris, to discuss the latest mining news including focus on the recent moves in major base metals and companies like Randgold Resources and Glencore, before moving on to look at the WAY MA Portfolio produced by Ian, which has a 70% silver bias.

Key Points:

Gold and silver have been particularly strong for the last 6 months. We can also see the big sell off in Uranium over the last month, and a big bounce in Iron Ore taking it to the 3rd best performing out of the major base metals since January 1st 2016.

Rangold Resources is the pick of the bunch with a pretty striking price move, meanwhile, at the bottom companies include AAL, Glencore, plus BHP and Rio Tinto, with these companies underperforming copper and iron ore.

Still positive on the gold price, based on fundamentals the price should be towards the $1350 to $1400 area, however, when and how it gets there is speculation.

Gold tends to kick the game off in terms of moves higher for metals, then silver overtakes, therefore it is only a matter of time before we get the higher percentage silver moves.

WAY MA Portfolio - 70% silver miners, have been outperforming gold funds yet silver hasn't seen its major move to the upside yet.

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