I am blind to the fact that CDE has done nothing. I like the fundamentals of this company.
Most mining companies don't make money. CDE does.
The gold-to-silver price ratio is a tool that every precious metal expert on Earth uses, and for good reason. It currently costs 52 ounces of silver to buy 1 ounce of gold. At the end of the 1978-1980 rally, it took only 17. The average over the past century is around 16, but let's just take 32 as a goal.
What this basically means is silver is lagging gold big time. If the $2,000-plus gold pundits are right, silver should end up at $62 per ounce. That would be a 350% gain…
Now, that’s a pretty bold prediction.We can sure think of how that would affect the Coeur d’Alene (CDE:NYSE) position. This silver miner, as you know, will be the world’s largest in just 12 months. If the numbers above tell you anything, it should be to buy now.
Coeur has taken its own correction lately. It shed 30% since the start of March.
When a correction occurs, there are two kinds of investors: Smart investors who wait it out and, if anything, buy more shares at the bottom…and not-so-smart investors, who buy the whole way up and sell as prices retract. You can imagine which one of these investors makes more money…
Buy on dips CDE and hold on for the big rally this fall.