The junior silver miner prospecting thread

[Bullion_Bob]

Been doing a bunch of reading on where some of the real money is going to be made looking forward. If you like the finished product, why not go to the source, and get a jump on the herd yet again?

Good article, definitely check out the comments:
http://seekingalpha.com/article/240738-top-silver-plays-endeavour-silver-hecla-mining-and-mag-silver?source=yahoo

Another good read:
http://www.321gold.com/editorials/moriarty/moriarty102910.html
http://seekingalpha.com/symbol/lode.ob

What is everyone else buying?

[cthulu]

I'm buying whatever the high frequency trading computers tell me. If you're smart, you'd do that too since retail investors account for <10% of market activity.

[osoab]

I am long HL and EXK. Dumped SLW at $16.00 looking for a pull back. :redfc

With HL you have to look at their overall shares. They have 240 million common outstanding and 40 million are held short. Top 30 most shorted stock on NYSE. They also have a -3.00 or so an ounce production cost for silver. I like HL. A lot of people don't like it due to the shares outstanding.

I believe SLW has to end up becoming a dead duck. It won't be too long that selling your silver to them (just to clear up your balance sheet as only a gold miner) @ 3-5 dollars an ounce will be over. That's why I dumped them earlier. I was also expecting a summer pullback that never materialized. They may last for awhile longer based on current contracts, but the party will have to end. I don't know if there is any relation, but Gold Wheaton (http://www.goldwheaton.com/media/news_releases/index.php?&content_id=66) just got bought out.

I would have to look at MVG. They are a double since September (basically). I also noticed that they have not issued share like a couple of miners have. MFN and AXU (gold miner) are two that come to mind.

Using SLV as your basis line seems moronic to me. Being the tool of the vampire pigs (JPM), I just wouldn't use something as a base line when it really has nothing comparable to the miners other than being traded.
There is no outside accountability of there silver holdings.
If you sell your shares of SLV, you pay a higher tax rate (collectibles), than the cap gains on the regular stocks.

I really didn't see anything in the the piece discussing the parabolic rise in the metal price since September in relation to current stock price of the miners talked about. This right here has me looking for a pullback. Gut feeling keeps telling me if we have a severe downtrend in the overall market, that leveraged positions will be sold en masse like '08. My gut could be wrong though.

[Bullion_Bob]

I am long HL and EXK. Dumped SLW at $16.00 looking for a pull back. :redfc

With HL you have to look at their overall shares. They have 240 million common outstanding and 40 million are held short. Top 30 most shorted stock on NYSE. They also have a -3.00 or so an ounce production cost for silver. I like HL. A lot of people don't like it due to the shares outstanding.

I believe SLW has to end up becoming a dead duck. It won't be too long that selling your silver to them (just to clear up your balance sheet as only a gold miner) @ 3-5 dollars an ounce will be over. That's why I dumped them earlier. I was also expecting a summer pullback that never materialized. They may last for awhile longer based on current contracts, but the party will have to end. I don't know if there is any relation, but Gold Wheaton (http://www.goldwheaton.com/media/news_releases/index.php?&content_id=66) just got bought out.

I would have to look at MVG. They are a double since September (basically). I also noticed that they have not issued share like a couple of miners have. MFN and AXU (gold miner) are two that come to mind.

Using SLV as your basis line seems moronic to me. Being the tool of the vampire pigs (JPM), I just wouldn't use something as a base line when it really has nothing comparable to the miners other than being traded.
There is no outside accountability of there silver holdings.
If you sell your shares of SLV, you pay a higher tax rate (collectibles), than the cap gains on the regular stocks.

I really didn't see anything in the the piece discussing the parabolic rise in the metal price since September in relation to current stock price of the miners talked about. This right here has me looking for a pullback. Gut feeling keeps telling me if we have a severe downtrend in the overall market, that leveraged positions will be sold en masse like '08. My gut could be wrong though.





Great post, nice interpretations.

I should have grabbed a bunch of TSX:FR; OTCQX:FRMSF when it was under $2 in 09.

http://i54.tinypic.com/zvtqxl.jpg

Thinking about converting all that delicious love into physical is killing me!!