Why I Just Sold 6,000 Ounces of Silver
Dear Reader,

I’m a silver bug, or at least a “make money” bug.

I’ve seen rare moments where a set-up is just too good, to the point that it’s as if a pile of money is just sitting in front of me and all I have to do is reach down and grab it.

That’s how I feel right now with silver, but instead of buying physical silver, I sold it!

I did this because as silver goes up, so will the mining shares, only they could move at 3x to 7x the pace – at least the good ones will.

For the first time in 11 years of buying silver, I sold, and I immediately put the money into silver shares.

I bought into a super high-quality silver asset in Nevada, with 130 million ounces of historical resources, through the ownership of Silver One Resource shares.

I will continue to accumulate physical silver in the future, as it’s still an important part of my saving strategy.

However, right now, Silver One shares are down big, and the hard-to-swallow truth with these types of investments is that you make money on the buy…

This means if you want to sell high one day, you have to force yourself to buy low!

Prior to its massive silver project acquisition, Silver One traded as high as CAD$1.25 when silver was at $21 per ounce.

Physical silver currently trades for under $17, and Silver One Resources is sitting around the CAD$0.42 mark…

For CAD$0.42, you can buy a much better company than a year ago, only you get to buy it at a fire sale price.

Owning Silver One now, at a low, is a smart move in and of itself, in my opinion, but where the real thrill could come from is if we also see silver move back to $20 or higher.

If gold is any indication, that is exactly what we will see. Gold just hit a new bull market high on September 7th, so despite the gloomy mood, this is a very healthy bull market that continues to make new highs and consolidate at higher levels, even after corrections.

Our Recommendation: Consider Buying Silver One Resources (TSXV: SVE & US: SLVRF).

Best Regards,

Daniel Ameduri

Share Disclosure: I’ve personally made Silver One Resources my single largest position in the precious metals sector.

FMT staff and family also own shares and are long the company.