No one else has said this and it's either because they don't see it or don't understand it but when the Central Banks around the world declare war on their currencies, they are going to win that war. For all practical purposes, the Fed has issued a double your money back guarantee for all resource stocks. They are doing everything in their power to make resources stocks leave Tesla, Apple and Hertz shares in the dust. And it's a little tiny room with a little tiny door and when everyone wants in at the same time, it's going to get both interesting and profitable.
Silver is absurdly priced today. The silver/gold ratio was 95-1 before the ratio went crazy in March. The 95-1 was the highest ratio since 1991 when it hit 100-1 for a short period. Silver relative to gold was absurdly cheap BEFORE the markets blew up. When the financial world cratered in March the silver gold ratio touched 133-1 intraday, which is the highest it has ever been in 5000 years of history.
It has returned to reality and is back to 95-1. That is just stupid and it will go lower. I am not one of the silver nuts who believe the ratio will go to 17-1 or 10-1. The only way out of this financial hole the idiots in Washington and every other central bank have excavated is to return to honest money. In a gold-based system, you need more silver than gold. You can't buy a loaf of bread and a quart of milk with a one gram gold coin. The coins everyone will be using will be silver.
Defiance Silver Corp. (DEF:TSX.V) was an advertiser before. They have a wonderful silver project in Mexico named San Acacio. I wrote about it before two years ago. The company has new and aggressive management who think the time is right for them to get serious about exploration. I totally agree. They are about to begin a fully permitted 5,000-drill program at San Acacio. If they don't hit a lot of silver I'm going to recommend to the Mexican government that they be shot at sunrise.
In addition Defiance has a 100% company owned gold/copper project named Tepal. The project has a 4 million ounce low grade gold 43-101 and has had a PEA done on it. That makes Tepal gold worth about $12 an ounce. That seems cheap to me. Gold is going to go up a lot as the US eases into a hyperinflation that few now recognize. In hyperinflation you can only preserve your money in resources. And it and when gold heads for a moonshot, you want the most leveraged gold project you can find. That would be Tepal. They are moving Tepal forward at the same time as San Acacio so investors will see a steady flow of news from either one or the other projects.
I am biased, Defiance is an advertiser. Do your own due diligence.
Defiance Silver Corp
DEF-V $0.33 (Jul 15, 2020)
Bob Moriarty
President: 321gold
Archives
321gold
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
[NLINSERT]Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Defiance Silver. Defiance Silver is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
