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FOR IMMEDIATE RELEASE
Silver Stocks Rose 314% in 2003, Reports silverstockreport.com
SAN FRANCISCO, Feb. 23, 2004 - Forget the gold rush. Silver advocate Jason Hommel of silverstockreport.com (www.silverstockreport.com) is putting his money into the booming silver market, which saw stocks soar an average of 314% during 2003.
"Even if you had no idea how to pick a silver stock, you would have done extremely well in 2003 no matter what silver stock you invested in," said Hommel, who for the past six months has been producing a free weekly report on over 90 silver stocks. "By December, 31, 2003, the silver stocks I've been tracking were up, on average, 314% since January 1, 2003. And I believe silver will only keep going up."
When Hommel began writing his weekly reports, he covered only 17 stocks. At the time, it seemed gold and silver investors only knew of five or ten silver stocks. But as Hommel researched the silver market more thoroughly and as readers began giving him feedback, the list grew to more than 90 different silver stocks in just a few months.
"Silver stocks are booming. Silver is up $6.86 per ounce, from a low of about $4.50 in June 2003. That's a gain of 52% in just the last eight months," Hommel explained. "The 23-year bear market in silver, which began in 1980, has ended, and we have had documented deficits going back 14 years."
Translation: There has been more demand for silver than supply for 14 years now. It's time for silver to naturally move up again-and the falling dollar and low interest rates don't hurt, either. In fact, those two factors only solidified Hommel's decision to invest in precious metals: Because silver and gold offer investors significant gains and cannot have a zero value, Hommel cautions against investing in bonds and other forms of "paper money."
To get an idea of how undervalued silver currently is and how much the market could still grow, says Hommel, just open the history books. "For most of human history, silver traded at 15 to 16 ounces for one ounce of gold," he explained. "Today it takes 60 to 65 ounces of silver to buy one ounce of gold. If that ratio returns to the historic ratio, which it always does, we'll see silver prices rising faster than gold."
Hommel started publishing his weekly reports to keep track of stocks for his own use. When people began telling him they would subscribe if he had a newsletter, Hommel created silverstockreport.com.
"It just exploded from there," he said. "Recently, I had 350 people sign up for my free report in one day, which now goes out to over 4,500 e-mail addresses, with more signing up every day. People are doing their own research and learning about silver for themselves. As more people see the wisdom in buying silver, I believe silver will go up beyond $50 per ounce in the near future."
CONTACT:
Jason Hommel
silverstockreport.com
530-274-3450
j@silverstockreport.com
http://www.silverstockreport.com
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