Silver Prices and Silver Stocks Correcting
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| Topic: Silver — November 12th, 2007
Today we could be seeing the beginning of a small correction in gold and silver and the associated stocks.
Silver prices have fallen nearly 90 cents to $14.67 and the HUI gold mining index has lost over 25 points whilst the XAU has dropped more than 10.
Please see the recent post on our gold website for more detail, just click here.
Some examples of silver stocks that are at a discount today are Silver Wheaton which is down 6.38%, Hecla Mining down 7.23%, Pan American Silver has lost 6.13% and Silver Standard is 5.94% in the red.
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![[Most Recent Quotes from www.kitco.com]](http://kitconet.com/images/quotes_2a.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
There’s going to be one hundred billon US. dollars disappearing during this subprime meltdown that those greedy bankers got themselves into and all of us with the “real” money are going to have to back the truck up to the teller’s window when we cash in some of our bullion or when we sell some of our beloved stocks. Silver Wheaton’s business model gives it lots of upside potential and that’s just what it is- “potential”, but they’ve taken on very little risk. And these days, risk is to be avoided like the plague.
Comment by daveydog — November 14, 2007 @ 1:43 am