HOLLYWOOD, Fla., April 30, 2012 /PRNewswire-iReach/ -- At Smith McKenna LLC, precious metals broker Stephen M Smith reflects on silver being the top performer in Q1 2012 out of all other commodities; including gold. Smith has dedicated his life to the precious metals industry and has been accurately predicting macro economic trends for over two decades. His biggest concern is that people will once again pass up learning about precious metals investing, and miss out on a wealth creating opportunity that many enjoyed with last year's explosive gains.
Smith advises how important doing research ahead of time is and warns against the inherent dangers in buying ETF's, Futures or Certificates; as it is crucial that you own the physical asset itself and not derivatives. Smith is so adamant on educating the public, that he is offering a FREE investing book to a limited number of people who want to learn more. http://www.smithmckenna.com/free-book/
"Last year's boom has just been postponed to 2012," says Smith. Alcoa, Inc. has already posted their Q1 reports that crushed initial projected company forecasts. New building construction is up, unemployment rates are declining, and technology parts being supplied are increasing demand exponentially. These global factors are occurring worldwide, and with minable silver being pushed to the limit, the only place for silver to go is up and up. The Silver Institute, www.silverinstitute.org, cites silver as the "indispensible metal," and close analyses of their latest survey shows that silver could near $40/oz in a short time, and may surpass $50/oz in Q3 or Q4.
Silver is currently reacting much of the same way that physical commodities do, and global factors have their implications on its industrial demand. GDP data published on Friday by the Commerce Department shows that an annual rate of 2.2% was experienced in the first 3 months of 2012; a strong indicator that growth is occurring, despite stimulus and other negative economy claims. Smith McKenna offers a FREE precious metals newsletter, which updates subscribers monthly on these critical industry news and trends. http://www.smithmckenna.com/subscribe-now/index.php
Last week China also published their March silver import data which saw a growth from 171mt to 179mt. China's supply of mined silver is expected to be insufficient to meet swelling development and growth demands in the coming quarters, something that will increase imports, and push silver further north. As industrial demand kicks into overdrive globally with limited supply, it could take silver prices to the clouds!
Silver was seen trading around $31.35 per oz. while gold saw $1664.20/oz.
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SOURCE Smith McKenna LLC