Prepare for Precious Metals to Lift Off

Summary: With the end of the year in sight, David H. Smith, senior analyst at The Morgan Report, encourages investors to get rid of the weakest mining stocks from their portfolio and reinvest in undervalued companies. He predicts that once the market gets through the obstacles it currently faces—namely fears over Fed tapering in light of a rebounding economy—it will come out stronger, pointing out that the past 12 consecutive years of higher year-end closing prices have been gentle rather than vertical. So even though 2013 is likely break this streak by closing out lower than 2012, “this tells me that the bull-market trend still has a lot of power, and it might be years before it ends,” says Smith. Platinum metals, in particular, are showing much potential in the coming year. Read more…