We will start with a quick look at the chart where we can see that Endeavour Silver Corporation (EXK) has put in a good rally gaining around 22% recently and as we see it once silver prices get going this stock will be one of the winners in this sector. However, the technical indicators are slightly overbought so there may be a breather, but don’t count on it as silver appears to be powering up for decent fall rally (read more…)

It seems many main stream commentators from the financial channels have abandoned the precious? Rather than beating the drum that gold is over $1000 per ounce we hear that gold is in a bubble.

In these uncertain financial times selling precious metals may look wise in the short term but what investment class is doing better? It appears the U.S. dollar is going to swim against the main downward forces and stage a counter trend rally through perhaps the summer and that may just be the opportunity that savvy precious metals investors are looking for to accumulate.
Certainly, this writer is in the camp that all markets go up and down and within the major trend we can see some sell-offs perhaps this summer. In an earlier of The Morgan Report (TMR) I wrote (read more…)

We are pleased to report that today we closed our Call Options on Silver Wheaton Corporation (SLW) selling half of them for $2.00 at around 3.15pm EDT and the other half a little later for $2.02. We paid an average price of $1.12 so we managed to generate, or scramble, depending on your view point, a profit of 79.46% on this trade (read more…)

The anticipated shark attack emanating from the COMEX Options Expiry Day failed to materialize in NYC today, leaving silver prices unscathed. However, investors continued to favour Silver Wheaton Corporation Corporation (SLW) as a way of participating in this silver bull market and the stock gained 2.65% to close at $22.06. This in turn gave our Call Options a boost with the last trade standing at $1.60 giving us a paper profit of 38.92%.

The day before yesterday we saw silver prices head north putting in good gains and the stock price of SLW put on 4.68%, which in turn boosted our options by 80.95% to close at $1.14, just two cents above the price we have paid for them (read more…)

The white knuckle ride continues with our venture into the Silver Wheaton Corporation (SLW) Call Options which are the September 2010 series, with a strike price of $21.00 and we paid $1.30 per contract for them. On Friday, 2nd July 2010 we decided to take advantage of a dip and so we doubled our position for a cost of $0.95, reducing our average price to $1.12 (read more…)

By Doug Hornig, Senior Editor, Casey Research

In today’s shaky economy and jittery investment markets, investors may well find that their best moves are not discovering the next big thing or a fantastic value, but simply avoiding serious, and costly, mistakes.

Here are ten of the most common mistakes we see investors making everyday, and how to avoid making them yourself (read more…)

As you know on the 29th May 2010 we purchased some Silver Wheaton (SLW) Call Options which are the September 2010 series, with a strike price of $21.00 and we paid $1.30 per contract for them. On Friday, 2nd July 2010 we decided to take advantage of a dip and so we doubled our position for a cost of $0.95, reducing our average price to $1.12. Having been under water for sometime its comes as a relief that today these contracts closed with the bid at $1.10 and the ask at $1.14 (read more…)

We kick off with a light hearted review of silver taking a quick look at the chart for silver prices where we can see that they have been consolidating nicely over the last three months or so. The technical indicators are more or less in the middle of their respective ranges and as so have room to move higher. As we see it this current set up bodes well for silver to make some real progress from now through until January 2011 (read more…)

We have said many times that we believe gold prices will make another all time high in 2010.

Now we are so confident of this that we are offering a special deal on our premium options trading service, OptionTrader, which reflects our bullishness.

If you sign up to a 12 month OptionTrader subscription before September 1st 2010, we will refund your $179 fee if gold prices do not make a new all time high in 2010.

You can sign up now by clicking the button below.

Subscribe for 12 months - $179.00

Nothing too dramatic about the chart above but be aware that a number of silver and gold producers have suffered the death which is a downward motion made by the 50dma when it crosses through the 200dma heading south. Hopefully the consolidation will continue, positioning Silver Wheaton Corporation (SLW) well for the ‘fall’ rally by silver prices.

Peter Barnes, Chief Executive Officer of Silver Wheaton, commented on their recent 2nd Quarter Results as follows (read more…)