Outstanding PM BUYS Right Now!!

[chux03]

I would expect the following group of stocks (current prices shown) to be excellent buys either right now or in the not-to-distant-future. HEADS UP!!!!

(* denotes a favorite and/or a possible DOUBLE)


Hecla Mining (HL) @ $6.60 per share (Didn't I just see Hecla at $9 a share a few weeks ago? It's going back!)

Silver Wheaton* (SLW) @ $10.01 per share (WoW!! What a buy!! How could you go wrong buying this one now?)

Alexco (AXU) @ $2.80 per share (A great Canadian silver miner, soon to be producer with sizable assets and an environmental arm.)

Fronteer Development Group (FRG) @ @2.87 per share (They have the goods and at one time not long ago this share price was over $10.)

Silvercorp Metals (SVM on the TSX) @ $3.92 per share (What's not to like about this one? Great potential!)

Minefinders* (MFN) @ $7.80 per share (WOW! They're due to have their first pour at their brand new Delores mine soon. This is a GREAT entry point!!)

Pan American Silver (PAAS) @ $24.31 per share (The old stand by. You just know this one's going back up...)

The Central Fund of Canada (CEF) @ $11.06 per share (Another one that should be in your precious metal holdings. Longevity and a real proxy to bullion too.)


Know of any others? Feel free to add your observation(s)...

[goldragon]

Yes, I agree with you, and we can buy now. However, it may be a bull trap and silver can go lower again. Current rally may possible be a short term rally due to the extremely overbought conditions.
In this market, anything can happen.

[balou2]

Interesting.

How do you purchase on the Canadian exchange, if you're in America? I've stayed away from stocks, but wouldn't mind a little experimentation. My issue with most of these is that they are Pink Sheets. I don't like the inability to sell if I want to get out.

[JesterJay]

Can you give me a detailed understanding of what you mean by "pink sheets"?
Thanks,
JaysterJest


Interesting.

How do you purchase on the Canadian exchange, if you're in America? I've stayed away from stocks, but wouldn't mind a little experimentation. My issue with most of these is that they are Pink Sheets. I don't like the inability to sell if I want to get out.

[chux03]

I think he's talking about Over The Counter transactions...

AND NONE OF THOSE ARE "PINK SHEET STOCKS"...except SilverCorp. ALL (as in EVERY one) of those mentioned companies are available through any broker or online brokerage account and trade through the AMEX, NYSE, or the NASDQ. I gave their symbols right along side the names. Instant IN and instant OUT...all you have to do is pull the trigger, so to speak.

I STILL like MineFinders (MFN) as they're now in production on their brand new mine in Mexico and Silver Wheaton has seldom looked like a better buy, imho. A great proxy to silver bullion and undervalued as well, this will be a great one to own when silver starts it's run up in the next few weeks...

[balou2]

Cool. I only noticed the one Pink. I've had trouble purchasing any of the TSX stocks (I'm in the US), but have attempted to at one time or another.

JJ, it's the OTC thing.

[hiyosilver]

Anyone notice Hecla today?

[hiyosilver]

IMO, now would be a good time to pick up some mining stocks....

[chux03]

Wow!! Hecla UNDER $5 a share!!!

Freeport-McMoran (FCX) BELOW $70 ARE YOU KIDDING?

Minefinders UNDER $6?

GoldCorp (GG) for $26

Silver Wheaton @ $8.24

Petrogras (PBR - Brazils mega oil producer) at $40?

OF COURSE, my money from my recent retirement won't be here for a couple of weeks. Hopefully this will....HOLD. I don't need any newsletters telling me what to buy these days!!!

[hiyosilver]

Chux03, you know the money's coming. Perhaps take some cash advances on some credit, (if you can find any...), and pay off before the interest rolls over. I don't know how long these opportunities will last either, but I personally think SHTF is coming sooner than most think.

[goldragon]

I would expect the following group of stocks (current prices shown) to be excellent buys either right now or in the not-to-distant-future. HEADS UP!!!!

(* denotes a favorite and/or a possible DOUBLE)


Hecla Mining (HL) @ $6.60 per share (Didn't I just see Hecla at $9 a share a few weeks ago? It's going back!)

Silver Wheaton* (SLW) @ $10.01 per share (WoW!! What a buy!! How could you go wrong buying this one now?)

Alexco (AXU) @ $2.80 per share (A great Canadian silver miner, soon to be producer with sizable assets and an environmental arm.)

Fronteer Development Group (FRG) @ @2.87 per share (They have the goods and at one time not long ago this share price was over $10.)

Silvercorp Metals (SVM on the TSX) @ $3.92 per share (What's not to like about this one? Great potential!)

Minefinders* (MFN) @ $7.80 per share (WOW! They're due to have their first pour at their brand new Delores mine soon. This is a GREAT entry point!!)

Pan American Silver (PAAS) @ $24.31 per share (The old stand by. You just know this one's going back up...)

The Central Fund of Canada (CEF) @ $11.06 per share (Another one that should be in your precious metal holdings. Longevity and a real proxy to bullion too.)


Know of any others? Feel free to add your observation(s)...



I read your recommendation and tried to see if the prices you listed was a good entry. After one month, I found if we bought according to your list, we would loss a lot of money.
When price is down you don't buy, wait for it bottomed and goes up, then buy!
If you buy when the price is down because you fear to miss the price you think it is good, that is a typical greedy mood, we have to avoid!

[chux03]

I read your recommendation and tried to see if the prices you listed was a good entry. After one month, I found if we bought according to your list, we would loss a lot of money.

Well, let's see...you would only have lost money IF you sold while the stock was (still) going down. I still say, looking at that list, that those stocks would have been a GOOD ENTRY POINT as you'd NEVER buy your whole position right from the get-go anyway (or at least, I don't) and if the market continued down (like it has) then keep right on buying, averaging down your prior purchases.
I see Freeport-McMoran has gained $4 today so on some of these companies/stocks the bottom is possibly in??? Ya, I don't know either. I do know that FCX at $65 is a SCREAMING BUY and if you don't agree with that, you gotta think it's near their 52 week low. Add to that the trend in the market for the next few weeks, months, etc and commodities continuing up because of dollar troubles and I'm back to saying FCX at $65 is a GOOD ENTRY POINT. Was I wrong? Maybe my thought(s) were a bit incomplete but like I just pointed out, that besides the trend being our friend, those would have been good entry points nonetheless. And if you'd have continued buying (on the way down) you'd STILL be in fine shape right now.

Interested in Minefinders? (MFN) Check out this:

http://events.onlinebroadcasting.com/denvergold/090808/frameset.php?file=minefinders&co=minefinders&player=win

[goldragon]

Well, let's see...you would only have lost money IF you sold while the stock was (still) going down. I still say, looking at that list, that those stocks would have been a GOOD ENTRY POINT as you'd NEVER buy your whole position right from the get-go anyway (or at least, I don't) and if the market continued down (like it has) then keep right on buying, averaging down your prior purchases.
I see Freeport-McMoran has gained $4 today so on some of these companies/stocks the bottom is possibly in??? Ya, I don't know either. I do know that FCX at $65 is a SCREAMING BUY and if you don't agree with that, you gotta think it's near their 52 week low. Add to that the trend in the market for the next few weeks, months, etc and commodities continuing up because of dollar troubles and I'm back to saying FCX at $65 is a GOOD ENTRY POINT. Was I wrong? Maybe my thought(s) were a bit incomplete but like I just pointed out, that besides the trend being our friend, those would have been good entry points nonetheless. And if you'd have continued buying (on the way down) you'd STILL be in fine shape right now.

Interested in Minefinders? (MFN) Check out this:

http://events.onlinebroadcasting.com/denvergold/090808/frameset.php?file=minefinders&co=minefinders&player=win


I never used your list to buy, how can I loss??
Here is my suggestions if you do not want to loss your money:
Never buy a stock in a downtrend on the chart.
Never hold a stock that is in downtrend no matter how low it is because after some weeks it will be much lower.
If you still think you are correct then go ahead. It's your money, not mine. Good Luck!

Here is your target and this morning price
HL 6.6; 4.25
AXU 2.8; 2.04
FRG 2.89; 2.14
MFN 7.8; 5.22
CEF 11.66; 8.94

[CitizenPete]

Can you give me a detailed understanding of what you mean by "pink sheets"?
Thanks,
JaysterJest

Just a note regarding stock trades for (mining) companies outside the U.S.

I looked into this issue recently. One organization I came across was Euro Pacific Capital run by Peter Schiff. Peter Schiff is a well known economic forecasters who has accurately predicted and warned of the current credit events we are experiencing in the US market, but is now also feeling the (hopefully) short term pain of global market volatility and Fed manipulation. EuroPac provide analysis and act as an investment advisor -- I believe they charge a upfront percentage fee to open an account recommend foreign long term investments (including mining and energy companies in Canada) that they have researched.
Anyways... the point is this: they do not buy foreign stock off Pink Sheets or via ADRs or Mutual Funds -- they purchase actual stock through foreign markets facilitated through NY Mellon Bank. So I would guess you could either look into NY Mellon Bank for direct trades services (if they also support individuals investors as well as advisors/brokers) or call Euro Pacific and get their input.

I never got far enough in my investigation (and my incentive to switch accounts went away) to open an account with EuroPac or pursue the trading on the foreign exchanges through NY Mellon Bank, so I have no first hand experience of all the devils in the details.

Web sites and specific pages for your own research activities are:
http://www.europac.net/stocks-buy-foreign.asp http://www.bnymellon.com/products/advisorservices/executionservices.html

[chux03]

I think right now, I'd AVOID US stocks of ALL kinds till this thing shakes out further and keep buying physical gold and/or silver. Of course, IF they do reach an agreement (which they probably will no matter what their constituents want) these crooks and cons will be right back in the same boat, most likely later on in the same week as this bailout. IT SOLVES NOTHING!
Anyway, anything US based I'm passing on, I don't care what the price looks like, at least for a week or two. BUT...I'd have little hesitation buying foreign based ENERGY and/or PRECIOUS METALS shares. For instance,
Petrobras, Newcrest Mining, Canadian MAJOR gold/silver producers and ENERGY companies like Penn West Energy Trust, Baytex Energy Trust, Goldcorp, Agnico Eagle Mines, Kinross, Yamana. In short, anything out of the US sphere of influence these next few weeks in ENERGY and/or PRECIOUS METALS should do well over the long(er) term. IMHO & FWIW.

P.S. BUT...FCX @ $63 and some change...ARE YOU KIDDING?? That sounds...like a BUY!! ;)

[chux03]

And I see FCX has dropped even more than that, being a new 52 week low for Freeport-McMoran. But did I buy any? Not any FCX shares, primarily because coppers decreasing demand at least in the near term. But I like it...especially after seeing it up over $115 or so not that long ago. And we are talking about one of the true giants in the copper mining industry. They mine LOTS of gold too!!

But I have been buying some shares lately of the following companies:

Silver Wheaton (SLW) - I just bought a bunch more at under $8 a share. "The largest public mining company with 100% of its operating revenue from silver production, they have no expenses incurred from mining any of the silver they buy. With lots of money with which to buy streams of silver from producing miners, future growth and profitability seem assured. They just inked a deal with Alexco (AXU) today paying them $50M for 25% of the silver taken out of Alexco's Keno Hill mine/project in NW British Columbia. http://silverwheaton.com/main/

Alexco Resources (AXU) For the same reasons listed above plus many more. Do a Google search on Alexco and check their website out. This is a great entry price on an undervalued company with a GREAT future. www.alexcoresource.com/s/Home.asp

Here's the link for the latest on AXU from Seeking Alpha:
http://seekingalpha.com/article/98382-two-large-silver-plays-from-the-silver-summit

Yamana Gold (AUY) A great company with quality projects in the Americas and PRICED RIGHT!! Not much (more) downside risk and LOTS of upside. How could you go wrong on sub $7 a share Yamana stock knowing what they own?? That's another great buy (imho, of course).
www.yamana.com/

[SilverWeed]

Damn dude, those have dropped like a rock since you posted this. FCX is WAY DOWN at $32 and some change, Silver Wheaton is below $5 and Alexco is down a bit at $1 and some change. And Yamana, what's going on with them?? I'm inclined to like your choices here but I'd like them better at TODAY'S share prices if I was in a buying mood.
But who could have known??