+ Watch AG
on My Watchlist
I'm All In.
I don't feel there's much downside risk in silver right now. Stock may go lower near term but I think AG is an outperform long term.
Leading silver miner with finest of mgmt - easy 50% up from here with limited downside
More bullish on silver right now than gold. Although I am expecting good things from both in the coming months.
Huge production, the closing of Orko deal will propel AG to beyond $25 in the next six months.
Best and purest silver producer in the world.
Solid Properties with proven reserves will allow alot of appreciation even if silver doesn't move up in price which it most certainly will with the global economy in the condition it is in.
with governments printing money like never before and no end in sight,its hard to imagine silver prices staying at these levels.
I can't think of anything.
Long on silver.
Flight to dollars and bonds now will not continue, especially when inflation fears return. This is a time to accumulate silver stocks.
I think it is important to have a silver stock. I have resisted the temptation, but I have decided it is a good defensive move for now. Their last earnings report was excellent. I don't see silver going down anytime soon.
If silver stays where it's at or continues to increase, the value of the peso against the dollar remains relatively stable and the companies silver production forecasts over the next several years are anywhere close to accurate, this stock is going to win big.
My thesis is that silver will not remain below $30/oz for long in the coming months, if at all, and that volatility will continue. I would not encourage anyone to invest in silver itself in this environment. However, young primary silver miners are something else completely. As long as the price of silver remains safely above production costs, silver mines have incentive to reopen, and exploration companies are motivated to look for new potential mineable areas.Even if silver does drop under $30 for an extended period of time, the increasing production of many primary silver miners and silver explorers/soon-to-be producers will far outweigh the drop in silver price in terms of earnings. Looking out 12 months and beyond, even in a protracted environment of, say, $20-25 silver, many explorers/young producers will easily mitigate that potential drop in silver price with their growing production, and share prices will follow suit upwards. I'm giving a Fool's thumb up to several silver miners, b/c I believe that silver will trade above $35 later this year, and will rise over time from there. However (full disclosure), I am personally invested only in the following, due in part to their extreme production growth potential (and many of them have quite low production costs, too):Currently Producing:*Silvermex*Alexco*AurcanaNot Yet Producing:*South American Silver*Wildcat Silver*Sabina*Bear CreekAlways do your DD, and don't forget to have fun. Fool on!
CME Group's blatant market manipulation has created a window of opportunity for those that were late to this bull run. This isn't an asset bubble popping, this is a healthy correction. Silver will still likely hit $60 by the end of the year. Mainstream news is citing that George Soros and others have "sold their gold and silver." Truth is, they only sold their PAPER silver in anticipation of this steep market correction. My guess is that these investors are reinvesting all of those paper profits into PHYSICAL as well as the paper they recently sold.The entire silver market screams of manipulation. The CME group raised margin requirements in order to lower volatility...yeah right, and in doing so, created even more.As bad as this downward move has been, watch for a pretty steady rise back up once the dust settles.Everyone is saying that QE3 won't happen, but reality is, it has to. The labor market is already struggling despite QE2 still in effect. The stock market has shown recent weakness as well. As soon as QE2 and 2.5 expire, watch for non-PM/commodity related stocks to drop. The market as a whole may decline 10+ percent. This will be the excuse Bernanke needs to announce QE3 and keep interest rates low.Long AG, SLW, EXK, and PAAS.
Attractive price, will go higher
Volatile, but if you hold the longview in mind you should be fine.
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