As we can see from the above chart Minco Silver Corporation (MSV) has put on about 33% over the last seven days on little in the way of news and no real increase in the volume of stock traded. The technical indicators have moved dramatically and are now in the overbought zone so we could be in for some profit taking (read more…)

By David Galland, Managing Editor, The Casey Report

The concept of entropy is one of the most useful terms for understanding just about everything. While it has its origins in natural law – thermodynamics, specifically – the concept holds true pretty much across all closed systems.

In the simplest of terms, every closed system will ultimately degrade toward a state of maximum entropy.

I’ll use the current political system of the U.S. as a convenient example. When American democracy was first shoved out of the nest by the founding fathers, it was new, fresh, and energetic. It took the world’s breath away at its boldness and unlimited promise, and set the wheels turning on tangible change across much of the world (read more…)

“2009 was a transformational year for Silver Wheaton (SLW),” said Peter Barnes, Chief Executive Officer of Silver Wheaton. “With the completion of some of our best acquisitions to date, we successfully raised our industry-leading production growth profile to a new level and laid the groundwork for continued strong organic growth long into the future.

We have listed the highlights for 12 months for your information, for the last quarter please follow the link below. All in all we think the future looks bright for SLW but the market will digest this data and its thoughts will be reflected in the stock price (read more…)

On the 6th February 2010 we wrote that the news that Robert A. Quartermain had resigned as President and CEO of the Company effective January 19, 2010 has cast a small shadow over the company in that the market does not like uncertainty and this position needs to be filled by the right person for the job. SSRI is still a great company so we will need to watch it closely as a bounce back to much higher trading levels could be on the cards.

We recently contacted SSRI in order to gain some clarification of the situation regarding the position of CEO, the following is a question and answer session conducted via emails for which we extend our thanks to SSRI for taking the time to respond to our concerns (read more…)

Having selected Silver Wheaton as the vehicle for our recent options trades we came across this article by Christopher Barker, of The Motley Fool, dated March 2, 2010, who appears to be as doggedly bullish as we are, which we hope you find interesting and informative.

The commensurate wheeler and dealer of the silver industry has dealt its way into a fortune.

In a most astonishing spurt of reserve growth, Silver Wheaton (NYSE: SLW) promptly doubled its silver reserves during 2009 through a spate of transformative acquisitions. According to updated resource and reserve estimates released Monday, the silver stream specialist now lays claim to some 875 million silver equivalent ounces (SEOs) in proven and probable reserves. Toss in some 366 million SEOs of measured and indicated resources, and Silver Wheaton’s full profit potential begins to come into view (read more…)

On the 6th February 2010 we wrote that the news that Robert A. Quartermain had resigned as President and CEO of the Company effective January 19, 2010 has cast a small shadow over the company in that the market does not like uncertainty and this position needs to be filled by the right person for the job. SSRI is still a great company so we will need to watch it closely as a bounce back to much higher trading levels could be on the cards (read more…)

This is an excerpt taken from a list of the top ten Most Efficient Basic Materials Stocks compiled by the China Analyst which currently places one of our favourites, Silver Wheaton Corporation (SLW) in 3rd place behind Royal Gold Incorporated and Terra Nitrogen Company and just ahead of Goldcorp Incorporated (read more…)

Mykonos

One of our readers sent us this article that appeared in The Daily Mail about life in Greece, how it was, how it is and what they now face. Many will read this and think that this situation not only exists in Greece but they are also surrounded by similar examples of the same thing in terms of government mis-use of tax payers money and employees who pull every fiddle imaginable.

However we see it as both a dilemma and also an opportunity for the European Union (read more…)

The Fed discount rate increase to 0.75% boosted the US Dollar and sent gold and silver heading south for the latter part of the days trading session. Jim Sinclair had the following comments about this move by the Federal Board (read more…)

Just a quick note to update you on the Call Options that we purchased on Silver Wheaton Corporation (SLW) and they are the JUNE 2010 series at a strike price of $15.00 and $16.00, for which we paid a price of $2.02 and $1.60 respectively per contract.

As we write these contracts are trading at $2.40 and $2.20 respectively, so we are off to a nice start (read more…)