We Expect to be at 53 Million Ounces per Year by 2017: Silver Wheaton CEO

We Expect to be at 53 Million Ounces per Year by 2017, Silver Wheaton CEO, Randy Smallwood.

For fans of Silver Wheaton (SLW) with this interview Kicto staff as he was present at PDAC.

 

Established in 2004, Silver Wheaton has quickly positioned itself as the largest precious metals streaming company in the world. The company has a number of agreements where, in exchange for an upfront payment, it has the right to purchase all or a portion of the silver and/or gold production, at a low fixed cost, from high-quality mines located in politically stable regions around the globe. 

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Forecasts for Prices 2013

 

Good Day Team,

The above chart and commentary was kindly provided to us by the staff over at 'thebullandbear' and it contains forecasts from many writers for silver and gold prices in 2013 which we think will be of interest to you all. It starts as follows:

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212% Profit in Only 17 Days For SK OptionTrader Subscribers

This week SK Options Trading is proud to announce its biggest winner yet, as we close a trade with over a 212% profit in under 3 weeks! This beat out our previous record of 197.14% in August 2011.

We believed that Hecla Mining had yet to catch up to the price falls in precious metals in early February, and that it would be particularly vulnerable to a drop in silver prices based on rigorous analysis of their mining projects.

To take advantage of the impending fall, we signalled to our subscribers to “buy HL Sep 21 '13 $4 puts at $0.16 with 5% of our capital allocated”; a trade that we believed offered the best risk-reward dynamics.

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Hi Ho Silver: Making the Case for This Precious Metal

Even though the newsletter I write for Casey Research is focused primarily on gold, our metals investments cover all the precious metals, and when warranted, some base-metals plays too. And with the markets in the state they are, I want to say something about silver.

My talk at the Vancouver Resource Investment Conference in January was titled Is D-Day for Silver Approaching?, and highlighted the delicate balance between supply and demand. I concluded that there would be insufficient metal to meet a major spike in investment demand if it were to occur, leading to all kinds of negative consequences for those who don't own silver (and lots of wonderful rewards for those who do).

I had plenty of compelling charts and convincing data. But here's the rub:

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5 Easy Tips for Picking Mutual Funds

In one our recent issues subscriber Jory G. sent us the following question:

“I have a 401(k) with my present employer that has a number of investment options, virtually all of which are mutual funds. Is it possible for Mr. Miller to address in a future letter what we might do to maximize growth or minimize loss in such programs? I realize there are many different 401(k) programs out there, but I just feel overwhelmed when trying to decide which of the funds provide the best growth/protection.”

As all of our readers know, I am neither licensed nor qualified to give personal investment advice. However, I can sure discuss mutual funds in general.

Jory, I would like to back up and start at the beginning.

I recommend that all of our subscribers read The Intelligent Investor by the late Benjamin Graham.

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First Majestic Silver's Earnings Mark an Incredible Entry Point

Some folks, somewhere, clearly opted to sell some shares of First Majestic Silver (NYSE: AG  ) Tuesday morning. After the fast-growing silver miner released fourth-quarter and year-end 2012 earnings, the stock dipped by nearly 5% early in the session.

I don't know who they are, so I can't ask them what they were thinking. But let me try anyway (just in case): "Hey, all you traders out there who sold shares of First Majestic Silver Tuesday morning... What in the world were you thinking?"

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Some Political Considerations for Silver Prices

Silver prices have now traded sideways for around 16 months. The lower end of this trading range is $27.00/oz and the higher end is $35.00/oz. As of today the price stands at $29.33 having bottomed at $28.50, it’s taken 4 trading sessions of small but positive gains to reverse the downward spiral from $32.00/oz. Not much to write home about here, but it is encouraging that the carnage is showing signs that it might be over, for now at least. It could of course be a relief rally with more downside selling pressure waiting in the wings a little further down the track. Either way we are still a long way down from the heady days of $48.00/oz.

On the positive side

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Why the Casey Research Brain Trust Is Convinced That Precious Metals Will Rise Again

Given the profoundly bearish sentiment that has gripped so many participants in the resource sector, particularly gold investors, we decided to poll the chief editors at Casey Research regarding the current sell-off. We recognize the severity of the situation and want readers to know we're taking it very seriously.

We also want readers to know that the "Casey consensus" is not a single view imposed on all, but the result of a constant conversation we have among ourselves, questioning our own premises, making sure we don't ignore new data if and when it contradicts our expectations. This is why some of the thoughts below will seem less positive than others; we see this sort of open discourse as a good and healthy thing for out business.

Without further ado, then, here are the thoughts of the principal members of the Casey Brain Trust (click on the names to read bios).

David Galland, Managing Director (The Casey Report): Of course, gold and silver being taken to the woodshed (or is it the gallows?)

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Embrace Silver's Volatility All the Way to the Bank

Most precious-metals investors know that silver is more volatile than gold. But do they know just how big that difference really is?

We thought it would be interesting to measure how much greater silver's daily moves are – both in gains and declines – than gold.

We documented the daily price movements for both metals, and then calculated the difference using absolute values. To interpret the charts below, you need to know that:

• Values above zero represent days when silver had a greater percentage move than gold, as depicted in gray.

• Values below zero are days when gold moved more than silver, as depicted in orange.

• The values don't tell us the direction of price movements, only how much they differed between each other on any given day.

• The darker horizontal lines represent the moving average of the price differences for each metal.

With that in mind,

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Team: New Venture Update 19 February 2013

First up, some admin; when you subscribe please ensure that you have bob@gold-prices.biz added to your safe sender list, and that your emails are not being blocked by a spam filter. Otherwise we have no way of contacting you and our emails to you get bounced back to us.

The precious metals markets are currently being battered

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