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« Silver Wheaton Corporation: Update 05 August 2006 | Main | Coeur’ 2nd Quarter record results »
Wednesday
Aug022006

Portfolio Update: 02 August 2006

Our silver portfolio gets off to a dream start.

We have now recommended five stocks during the month of July, so we are gently building our position in the precious metals market. All of our analysis, ideas, predictions, and thoughts, etc., are published on this website for your perusal and comment. A brief update of our portfolio follows:

1. Hecla Mining (HL) we paid $5.27 on the 5th July 2006 and it now stands at $5.80, a rise of 10.06%, which represents a terrific start.

2. Coeur d Alene (CDE) we paid $4.85 on the 7th July and it now stands at $5.33, a rise of 9.9%, another terrific advance. Record 2nd quarter earnings have given us a boost.

3. Silver Wheaton (SLW) we paid $9.41 on the 8th July 2006 and this stock is currently trading at $10.48, a rise of 11.37%.

4. Silver Standard resources Limited (SSRI) we acquired this stock for $19.98 on the 15th July 2006 and it now stands at $21.73, a rise of 8.76%.

5. Pan American Silver Corp (PAAS) we bought at $18.00 and it now stands at $20.49 a rise of 13.83%.

Assuming that we placed an equal amount of money into each of these mining stocks then the average gain is 10.78%.

A really pleasing start with the performance of our selection of five silver mining stocks. Our philosophy is to be bold and invest in those companies that will react to silver prices and make us money and quickly.

We are confident that our approach will pay dividends in terms of growth.

We welcome you to observe our portfolios performance and please feel free to make comparisons between us and other analysts. Our knowledge is shared with you for free so please enjoy and have a chuckle from time to time.

Always discuss your investments with your regulated financial advisor before putting your hard earned money on the table.

02 August 2006

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