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'The better value might be in silver right now' - Jeff Clark on precious metals moving higher

Kitco Media
By Michael McCrae
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'The better value might be in silver right now' - Jeff Clark on precious metals moving higher teaser image

(Kitco News) - Silver usually out-performs gold, but silver starts slower, said Jeff Clark, founder of the TheGoldAdvisor.com.

Last week Kitco Mining spoke to Clark.

Clark noted that the gold miners, represented by GDX, haven't outperformed gold. As of August 8, both gold prices and the GDX were showing similar returns. Clark expected the gold miners to start to turn around when the miners start showing higher free cash flow in Q2.

Mergers and acquisitions are expected to pick up as producers gain more cash, driven by the need for majors to acquire ounces.

Silver prices will likely start moving after gold, and silver should outperform the yellow metal, noted Clark. However, gold is seen as a better performer during negative economic events.

"Silver outperforms gold," said Clark. "It tends to start slower. Gold tends to be a little stronger, so the better value might be in silver right now."

 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.