Silver miners--Im bullish are you?

[millwright]

I have adopted a new strategy when it comes to the miners. Go all in. Ive bought just about all of them. If they own the property and are currently pulling silver out of the ground, buy em.

As an example, GPRLF was beaten to death last year. They own several properties and are producing. Same for first majestic, and endeavor.

And as for the big names like PAAS and SSRI and SLW, well in my opinion they are a no brainer. Buy Buy Buy. In the past six weeks im up well over 30 % across the board, but at the same time these stocks are still down 70 to 80 % year on year. The opportunity of a lifetime in my opinion.

I currently have no stop losses in place. The PTB will not shake me from my positions. Silver will rise, just as surely as the sun.

These are unprecedented times . The Fedzilla is out of control. They will find a number that suits them and we are not even close to that number. My guess is we will see many trillions of dollars printed this year.

The risk reward on the healthy miners is in my opinion well worth an investment of 10 to 20 grand if you have it. Where else are you going to put your IRA or 401k money?

Of course physical comes first, but im full up as far as my stack goes.

Very scary but exiting times in 2009.

[skijake]

I have adopted a new strategy when it comes to the miners. Go all in. Ive bought just about all of them. If they own the property and are currently pulling silver out of the ground, buy em.

As an example, GPRLF was beaten to death last year. They own several properties and are producing. Same for first majestic, and endeavor.

And as for the big names like PAAS and SSRI and SLW, well in my opinion they are a no brainer. Buy Buy Buy. In the past six weeks im up well over 30 % across the board, but at the same time these stocks are still down 70 to 80 % year on year. The opportunity of a lifetime in my opinion.

I currently have no stop losses in place. The PTB will not shake me from my positions. Silver will rise, just as surely as the sun.

These are unprecedented times . The Fedzilla is out of control. They will find a number that suits them and we are not even close to that number. My guess is we will see many trillions of dollars printed this year.

The risk reward on the healthy miners is in my opinion well worth an investment of 10 to 20 grand if you have it. Where else are you going to put your IRA or 401k money?

Of course physical comes first, but im full up as far as my stack goes.

Very scary but exiting times in 2009.

Is the stack really tall enough? Is it ever?;)
With the 80-90% beating many of these stocks took it doesn't look like a bad bet to buy these gems at severe discounts. Welcome to the Forum and Good Luck!

[chux03]

It would've been a good day to be buying....silver stocks. SLW down almost a buck, Alexco (AXU) down about 20%, Hecla down 10%, CDE down....Hell, they're ALWAYS down so they don't count. But if they're after silver (or just about anything else today), they're......DOWN.
I have a sizable sum of silver in my GoldMoney account that I'm thinking of partially....re-directing into more mining shares. While I think the silver producers will do well, I also think one should balance the old portfolio a little bit and have some of the yellow metal producers in there too. Yamana Gold, Goldcorp, Royal Gold and Minefinders come immediately to mind. If one had some combination of these two groups, I would think all your PM bases would be about covered.

[mick silver]

any day i have cash in MY HANDS an not buying any stocks right now is a good day

[mick silver]

I have adopted a new strategy when it comes to the miners. Go all in. Ive bought just about all of them. If they own the property and are currently pulling silver out of the ground, buy em.

As an example, GPRLF was beaten to death last year. They own several properties and are producing. Same for first majestic, and endeavor.

And as for the big names like PAAS and SSRI and SLW, well in my opinion they are a no brainer. Buy Buy Buy. In the past six weeks im up well over 30 % across the board, but at the same time these stocks are still down 70 to 80 % year on year. The opportunity of a lifetime in my opinion.

I currently have no stop losses in place. The PTB will not shake me from my positions. Silver will rise, just as surely as the sun.

These are unprecedented times . The Fedzilla is out of control. They will find a number that suits them and we are not even close to that number. My guess is we will see many trillions of dollars printed this year.

The risk reward on the healthy miners is in my opinion well worth an investment of 10 to 20 grand if you have it. Where else are you going to put your IRA or 401k money?

Of course physical comes first, but im full up as far as my stack goes.

Very scary but exiting times in 2009.
let me know how this works out for you , going all in,

[chux03]

I don't think so....

(some) PM stocks offer real leverage compared to that stack occupying space in your drawer or your safe.

How can you spell diversification Mick without owning some PM shares?? That was you making that point in another thread, I believe....

There's more to diversification than gold, guns, and groceries though that's a GREAT start!! There are some companies mining and producing gold (and silver) that are longer-lived and as prominent and successful as you're likely to find anywhere and in any category. To simply wave them off, especially in these days and times, is a little bit foolish and with a whole lot of un-informed-nous (if there is such a word) showing imho....

[millwright]

let me know how this works out for you , going all in,

Well I must say its working out quite well for me:D

Im up huge baby, and this is just the beginning.

[sliver]

It would've been a good day to be buying....silver stocks. SLW down almost a buck, Alexco (AXU) down about 20%, Hecla down 10%, CDE down....Hell, they're ALWAYS down so they don't count. But if they're after silver (or just about anything else today), they're......DOWN.
I have a sizable sum of silver in my GoldMoney account that I'm thinking of partially....re-directing into more mining shares. While I think the silver producers will do well, I also think one should balance the old portfolio a little bit and have some of the yellow metal producers in there too. Yamana Gold, Goldcorp, Royal Gold and Minefinders come immediately to mind. If one had some combination of these two groups, I would think all your PM bases would be about covered.

I think you have named some good ones to consider. I see there is a lot of interest lately in Kinross. Some others worth looking at but maybe a little speculative...Minera Andes (MNEAF), Great Panther (GPR) toronto exchange

Sliver

[chux03]

Kinross probably has a team of ass kissers and dollar pushers making the rounds in the Ecuadorian capital trying to drum up some support for their....Aurelian-Resources acquisition also known as The Fruta del Norte deposit. Also I know Doug Casey follows Kinross as do some other newsletter writers. But whenever I think of Kinross I think of that big fat Ecuadorian gold deposit that they....lifted from the junior miner mentioned above and how they must be burning the midnight oil trying to....persuade their new found friends in Ecuadorian governmental offices that it would be in EVERYONE's BEST INTEREST to let them go in and bring that deposit into production. Kinross IS a large gold mining entity with deep pockets and a strong track record for doing what they say they're going to do. Can they do it? Will they be able to bring this one into production? We'll see...but I wouldn't bet against em. And there's millions of reasons there why I wouldn't....

[millwright]

Well , Well ,Well. Looks like i nailed it. Just had to come here and gloat:mrgreen:

I have been long 5000 shares of HL at 2.12 a share since March. It is now trading at at 5 dollars. That is 150 percent gain in 6 months . I am also long CDE at 1.50 pre split. It is currently trading at 2.18 pre split.

Good luck.