What Gold and Silver Outperformance Means for Barrick and Goldcorp; Report by Profit Confidential

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Silver was up approximately 20% and gold up just over 11% for the month of January, according to popular financial newsletter Profit Confidential. Sasha Cekerevac, contributor to Profit Confidential, believes that there is more upside, although he cautions that there is going to be some consolidation of the gains before moving up.

what gold and silver outperformance means for barrick and goldcorp

What Gold and Silver Outperformance Means for Barrick and Goldcorp

Gold and silver will continue to go up as long as central bankers keep the money tap open.

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Silver was up approximately 20% and gold up just over 11% for the month of January, according to popular financial newsletter Profit Confidential. Sasha Cekerevac, contributor to Profit Confidential, believes that there is more upside, although he cautions that there is going to be some consolidation of the gains before moving up.

“We’re looking at monetary stimulus worldwide being implemented over the next couple of years,” says Cekerevac. “This will inevitably create inflation and a lack of faith in paper currencies plus added liquidity that will be pushed into commodities.”

Cekerevac believes this creates value in gold and silver mining companies.

“Both big-cap and small precious metals miners can offer some value for the investor,” says Cekerevac. “Barrick Gold Corporation and Goldcorp Inc. are huge, diversified precious metals mining firms that have a variety of gold and silver mines.”

This diversification, according to Cekerevac, protects the investor from any problems at one specific mine and the scale of production allows a better ability to predict the flow of revenue from gold and silver sales.

In the silver space, Cekerevac thinks Silvercorp Metals Inc. is an interesting company. He points out that the firm’s profit margins are healthy and the company has no debt.

Cekerevac believe that if gold and silver prices continue to move up, an investor should look at miners that have a solid resource base, relatively low level of debt, and consistent history of hitting their targets.

Gold and silver will continue to go up as long as central bankers keep the money tap open,” says Cekerevac.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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Michael Lombardi