Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Fund manager Ian Williams claims a long-term bullish trend for silver will raise prices for the precious metal five-fold within the next three years.
The Daily Telegraph reports that Williams, manager of the WAY Charteris Gold Fund, believes that silver will outperform gold significantly and that macro fundamentals such as President Obama’s election to a second term will continue to support major gains in precious metals.
Williams anticipates a long-term bullish trend for silver and possesses sufficient confidence in his predictions to provide an exact month for when the precious metal completes a projected five-fold price increase.
Silver is about to enter a sustained bull market that will take the price from the current level of $32 an ounce to $165 an ounce and we expect this price to be hit at the end of October 2015.
This forecast is based entirely using technical & cyclical analysis and is in keeping with the mathematical form displayed so far in the bull run that has taken Silver from $8 an ounce in 2008 to its current price of $32 an ounce – having hit $50 an ounce in 2011.
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