Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Pan American Silver Corporation: BUY | Main | Silver Standard: BUY »
Aug212007 Portfolio Update 21 August 2007

The recent global stock market sell off has taken its toll on our portfolio of silver mining stocks, however the profit erosion could have been a lot worse.

The following is an update of our portfolio of silver stocks enabling us to see where we are and where we go from here. Apart from one stock we see them all as ‘buys’ for now. We are tracking other silver stocks which are on our Watch List but not worthy of our hard earned cash just yet. But things can change fast so don’t be surprised to see a new name pop up.

Below is a list of the stocks that we own along with a record of the progress that has been achieved to date.

Hecla Mining Company (HL) $7.56 BUY
Bought for $5.27 has gained 43.45% - See recent article on Hecla.

Pan American Silver Corp (PAAS) $22.19 BUY
Bought for $18.00 has gained 23.30%

Silver Wheaton Corp (SLW) $11.30 BUY
Bought for $9.41 has gained 20.00%.
Sold 50% on 10 July at $13.48 for a gain of 43.3%, we intend buy it back later.

Silver Standard Resources Inc (SSRI) $28.43 BUY
Bought for $19.98 has gained 42.29%. We also gave another buy signal on this stock recently when we acquired more stock for $28.99.

Eagle Plains Resources Limited (EPL) $C0.79 BUY
Bought for $0.53 has gained 49.05%. See recent article on Eagle Plains.

Endeavour Silver Corp (EXK) $3.48 BUY
Bought for $3.97 has lost 12.34%. Endeavour has been oversold possibly more than most, however the stock has started to rise on increased volume.

Minco Silver Corp (MSV) $C1.61 HOLD
Bought for $2.80 has lost of 42.5%. Minco Silver has took a battering since trading at $3.50 so we are looking for signs that a recovery is underway, but will not be buying any more stock just yet.

For the more hyper active traders amongst us we predicted a 50 cent rise in the price of silver on the 1st July and by the 11th July it was up 62 cents so we hope that your short term trade worked out for you.

On 20th August 2007 we signalled another Trading Opportunity in Silver: BUY as we anticipate silver to rally and gain around $1.00 going forward. This trade has just been opened so we will track its progress and report back and regular intervals.

Going forward we intend to identify other such short-term moves that may just add a little extra profit, so keep an eye or you could miss out.

Please read recent articles before buying any particular silver stock as we are trying to post updates on a regular basis and the stock that you are intending to invest in may have entered overbought territory.

We do believe that this portfolio of silver stocks is heading to higher ground, so when you look back these prices will look really cheap lessening the importance of whether you bought at the very bottom or not.

This summer has certainly had its fair share of volatility and it may not be over yet. However we are of the opinion that the downside is now limited and we will be back on the acquisition trail shortly.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>