Coeur d’Alene Mines Corp: Price drop

The threat of terrorist action today caused silver prices and gold prices to drop taking Coeur down 4% to $5.21, do you sell or buy?

We think that this is a market aberration and when this terror threat is better understood and the reality of it sinks in, precious metals will move up in a big way.

So, based on that premise we bought CDE for $5.21 with the intention being, to make a short term gain. The downside is that if we are wrong and are left with a few more Coeur shares than we had yesterday. This is not a problem for us as we intend to keep adding this stock to our portfolio as and when we can.

However, the gambler in us does want to win!

10 August 2006