Endeavour Silver Corporation Leads the Charge
Tuesday, August 23, 2011 at 03:50AM
Silver Prices in Silver Mining Companies

EXK table chart 22 aug 2011.JPG

Just twelve days ago the stock of Endeavour Silver Corporation (EXK) could have been acquired for around $9.00, today it lead the charge with a gain of 9.84% to close at $11.39 on the New York Stock Exchange, putting a wide smile on investors faces. Endeavour Silver tops the chart along with Great Panther Silver Limited (AMEX: GPL) with Silver Standard Resources Incorporated (NASDAQ: SSRI) in third place with a terrific gain of 9.00%


Attention this week is focused on the upcoming meeting of the Federal Reserve were chairman Ben Bernanke and his team assemble at Jackson Hole to discuss the state of the economy and tinker where necessary. The markets across the globe will analyze every word looking for an insight, a clue, as to what might be the next step, especially with regard to that word 'stimulus' which will send the markets into oscillation mode, should it be mentioned.

Across the pond the situation is no better as the Europeans stumble from one debt crisis to another, like a drunken sailor on his first night in a foreign port.

Gold is breaking records on a daily basis and silver has now recovered from its series of margin calls which took it down in dramatic fashion. Silver prices are ticking up and today they closed at $43.74/oz in NYC. In the medium term we expect to see silver trade three or four times higher than it is now, so a programme of steady accumulation should serve well.

Back to Endeavour Silver Corporation, this is a mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted six consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become a premier, mid-tier silver mining company.

The companies market capitalization is $957.13 million with 93.1 million shares (fully diluted) outstanding. The 52 week trading range is $3.10 to $12.75.

Endeavour Silver Corporation is traded in Canada, USA and Europe on the following three stock exchanges:



(DB-Frankfurt: EJD)

So they have plenty of exposure to the investment market.

Regarding www.skoptionstrading.com.

For those subscribers who are too busy to trade their own accounts we are now able to offer an Autotrading program with our SK OptionTrader service, as we are pleased to announce that we have entered into a partnership with GlobalAutoTrading and therefore auto trading is now available for SK OptionTrader signals

Our model portfolio is up 396.58% since inception

An annualized return of 119.04%%

Average return per trade of 42.21%

85 closed trades, 82 closed at a profit

Average trade open for 45.41 days

sk chart return on SK OptionTrader Model Port 22 aug 2011.JPG

The above progress chart shows our performance when profits are re-invested, however, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

Article originally appeared on Silver Prices (http://www.silver-prices.net/).
See website for complete article licensing information.