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« Silver Wheaton Corp: A 25% increase to 362 million ounces | Main | Minco Silver Corp: Appears to have formed a base »
Friday
Jun222007

Endeavour Silver Corp: Finding that entry point!

This period of the summer doldrums along with the negativity that currently infests the precious metal market should be viewed not as a problem but as an opportunity.

We were fortunate to make an investment in Endeavour at $3.97 as this silver investment soon rose above the $5.00 level. However with silver prices going sideways another opportunity would appear to be upon us as Endeavour has pulled back to $4.62. Now bear in mind that is not possible to hit the bottom bang on or to get out at exact top of the chart we would like to be fairly close. We see Endeavour as being a good buy right now and those who don’t want the anxiety of stalking this silver investment might want to buy now, which we think, is fine to do. However we think that the next week or so may well present us with an investment opportunity of around $4.50. If so we will buy again.

Also bear in mind that we are not good at ‘patience’ but we will try and wait for this opportunity to materialise before we pounce on it.

We also see June as being a lacklustre month for precious metals but the second half of this year should bring us a reward for the work that we are doing right now.

Have a good one.

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