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Thursday, December 27, 2012

Major Silver Producer: Thousands Of “Generalist” Pension & Mutual Funds Now Eyeing Gold And Silver Producers

Major Silver Producer: Thousands Of “Generalist” Pension & Mutual Funds Now Eyeing Gold And Silver Producers | Bull Market Thinking
 
I just got off the phone with a major silver producer. Of worthy note, is that over the last 3 months, phone calls from what this gentlemen referred to as “generalists” have spiked, and are continuing during this quiet holiday period.
“What is a generalist?” I asked.
“A generalist is a fund manager oriented towards general market investments—not precious metals specifically,” he replied.
“What is occurring due to the extremely low valuations of gold and specifically quality silver producers,” he explained, is that “general market growth and value-focused funds are now eyeing these companies.” 
Further, this gentlemen joked that generalists are also referred too as cockroaches, in that when you see one—there are usually ten more hiding behind them, looking to buy.

1 comment:

  1. This would be a hugely supportive development for gold & silver miners considering how underrepresented they are in most portfolios.

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