New opinions on Ag stocks...not particular companies

[balou2]

So, we all know the real wealth is in PM, yet there are some major Silver companies out there that are poised to see some major growth as silver grows:

Hecla
SSRI
Silver Wheaton
SNS (OTC)
and a few more.

I'm curious how many of you have $$ invested in Silver companies and what your thoughts are as the stock market prepares to be flushed to the cafeteria.

Also, anybody own Canadian shares (i.e. OTC/Pinksheets)? What has your experience been with these? There is risk- even if they go up 100x in value, somebody has to be willing to buy from you.

thoughts?

[balou2]

Wanna bump this again, as I've gotten no replies. I'm most interested in what folks think about owning shares in the OTC stocks (i.e. Canadian juniors). Not the decision to own the, but the liability and/or ability to sell them when ready to sell.

[pkrebaum]

I only want the real deal, not cyber ....

I think the mining industry has more risks than most. I'd only invest in an actual producing mine, and probably go there and see the physical operation first.

[skijake]

Ditto for me! Getting too murky for my taste.

[JesterJay]

We like REAL money.
Physical Silver.
I hear it's gonna be big!
JesterJay

Ditto for me! Getting too murky for my taste.

[pkrebaum]

Stocks are paper, and are priced in dollars. If there's hyperinflation will they increase in value as fast as the dollar decreases ??? My guess would be probably not.

Dollars are priced in terms of Silver and Gold, which is true money. If dollars hyperinflate then Gold & Silver will retain (at least, and probably out-perform) their wealth.

[chux03]

SNS???

I'd agree on the other choices...but SNS?? The property MAY hold value but I'm NOT impressed by management's actions at the Crescent Mine. At least, thus far. Their share price kinda sux too...

[chux03]

Here's a good silver prospect or two... Way, way better than SNS!! Alexco is about to decide whether to start production at Keno Hill (Hint: It will) and Impact IS producing silver, right now. And I guess that would be my advice...stick with PRODUCING or NEAR PRODUCTION SILVER COMPANIES!!


AXU - Alexco

http://seekingalpha.com/article/8571...n-at-keno-hill



Impact Silver - IPT on the Canadian Venture Exchange

http://www.impactsilver.com/s/Home.asp

[Gino]

The stock market is in a shambles at the moment. I bought some BHP a few weeks back when it fell from $46 down to $40, thinking it was good buying. Then they announced they had locked in a 90% increase in their Iron Ore contract prices. Guess where their price is now? $36! They lost 22% in a matter of weeks AFTER announcing future revenues would increase 90% for their Iron Ore trade!

All the small caps are down even further. ASX: DIO, a gold miner and exploration company for instance is down 77.5% from its 52 week high. I bought in at a buck, figuring it couldn't go any lower. Guess I was wrong, as its now down at $0.52. Likewise, ASX:LGL is down 32% from its 52 week high and its my best performer at the moment, although I'm still making a loss on it!

I'm down 25% across the board, all I'm holding is resource stocks and they all looked like good buys.

I figure the risks are that you just don't know what kind of impact this degree of loss in Market Capitalisation will have on these companies, their Directors, or where the bottom may be. So that's it for me. Untill there is some sense displayed I figure I can not afford to gamble further in shares at this stage.

But then that's me, and I'm more than likely wrong. For all anyone knows, the whole shebang might miraculously recover next week. But then, I bought some more Silver (2 week lead time) on Friday, because I don't believe that either.

[chux03]

Here's another article on ALEXCO

http://seekingalpha.com/article/8696...ilver-producer