Red-Hot Resources

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Friday, September 01, 2006

Big Question on Silver

The price of silver has increased by a third since June, and RCS and RHAT subs are FINALLY starting to see it in their portfolios as those small-cap stocks pick their sleepy butts off the ground and start running. And check out this news from Mexico overnight...

The price of silver has increased by a third since June, and RCS and RHAT subs are FINALLY starting to see it in their portfolios as those small-cap stocks pick their sleepy butts off the ground and start running. And check out this news from Mexico overnight...

Mexico's silver production fell to 182,282 kilogrammes in June, down 18.3 percent compared with a year ago, the National Statistics Institute said. Mexico is the world's largest producer of the metal.

Read the full story HERE

My question: Is this just a one-month blip? Or are even all the new mines coming online not enough to keep up with faltering production at Mexico’s older silver mines?

We’ll see what next month’s data brings. For now, you know my opinion: Buy silver!
Check out my new gold and energy blog at MoneyAndMarkets.com