Video by BABY Investments via YouTube
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Last time the market crashed, silver and silver stocks crashed with it. So, during my conversation with Silver Chartist, Steve Penny, I had to ask him whether he thinks this will happen during the next stock market crash as well. He told me that silver stocks will also likely suffer, but maybe not as much.
In the full conversation, we talked about silver manipulations, silver stocks to watch, and Silver Chartist gave me his outlook on silver prices. You can watch/listen to it for free over here:
https://www.baby-investments.com/interviews
I was curious to figure out whether silver stocks will crash with the market or not, and I asked Silver Chartist about it in my recent talk with him. Steve seems to think that although a market crash would be hurtful to silver stocks, they might be crashing less than the broad market, because they are at a relatively low starting point this time around, relative to the last time, relative to broad market equity.
I was also curious about figuring out which silver stocks will crash less than others, and Steve told me that silver royalty stocks will likely perform better during a stock market crash, but he doesn’t expect those to be the best performers during a silver bull run. He told me that although silver royalty stocks might be protecting you on the downside, they might also be costing you some upside.
Nonetheless, the royalty & streaming business is one of Silver Chartist’s (and mine) favourite businesses. There’s many reasons for that. The main ones include stability of income, diversification and often times dividends.
I had the chance to ask Steve Penny, the Silver Chartist, about the one silver company he would like to own, if he was only allowed to only buy into one silver stock, and he told me that stock used to be Metalla Royalty, but given that they now likely generate more revenue from gold, than silver, he would prefer to go with a safer pick: First Majestic Silver, led by Keith Neumeyer, who I’ve spoken to many times, and respect a lot as well.
Timing the market is not a winnable game long term, yet I had to ask Steve whether he would buy now or wait, if he didn’t have any exposure to silver stocks yet, and he told me that he definitely wants a seat at the table, as he hates missing out, so he told me he’d be buying right away.
Towards the end of this short clip, Silver Chartist told me a bit more about his newsletter, both the free and paid version, that you can find over here:
https://silverchartistreport.com/optin-495051751625249654020?afmc=BabySilverChartist
This is an affiliate link, though, so if you ever decide to get the full version of the newsletter, I will earn a commission from you. Yes, I’m an evil mastermind here to drain your wallets for my Lamborghinis.
TIMESTAMPS:
00:00 Importance notice
00:23 Will silver stocks crash with the market?
02:40 Which silver stocks will crash less?
04:35 Which 1 stock would Silver Chartist buy?
05:30 Buy now or wait for a crash?
06:40 Closing thoughts.
Important notice: none of this is financial advice. None of this is an invitation to make any trades. Your capital may be at risk. Consider both of us very biased as we own shares of some of the companies mentioned herein to our own name. You must always do your own analysis and take your own decisions. Before continuing you must read the full disclaimer at the beginning of the video.