Endeavour Silver Corp. (CAN) (NYSE:EXK)

research says this will be one of the winners in the precious metals area this year

Sinchy!

My broker recommended buying Endeavour Silver in July, 2010, which I did, and it returned over 200% by this past October (2011). I've sold most of my holdings (following a financial advisor's advice that "Pigs get fed, hogs get slaughtered"), and used the proceeds to help fund my dividend-buying spree. EXK still makes up ~4% of my portfolio, as I think silver will continue to go up (unlike gold, which I think is overpriced). I don't expect to see another 200% increase in the near term, but I think silver will continue to rise, and EXK appears to be a very well managed company with great property in Mexico that continues to produce, and still holds a lot of potential. This is going to stay as my silver holding for the long term.

silver oversold ppt

Maybe a little late to the party, but better late than never!

This company has provided many good short-term buying opportunities due to the high volatility of the silver market and this stock's tendency to overshoot on a sell off. Although volatility is unlikely to go away, this stock remains an excellent long-term investment since the silver bull run has many years to go and the mining stocks are severely undervalued relative to the price of the metals. Competitive currency debasement is becoming as big an international sport as soccer, unfortunately the violence that often accompanies these events is likely to follow this new sport. The eventual winners will be the precious metals and anyone who holds them, including the miners.

The metals run will continue until the US stops inflating away its national debt.

Long on SILVER, if you must diversify these 6 stocks from the 7/19/11 article are the way to go. In my opinion, SLW is a RULEBREAKER - the first one I found on my own thanks to STATSGEEK's work

silver going higher along with EXK

The demand for silver will rise!!

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
*Aurcana

Not Yet Producing:
*South American Silver
*Wildcat Silver
*Sabina
*Bear Creek

Always do your DD, and don't forget to have fun. Fool on!

EXK depends on the price of silver, which will remain in a longterm uptend due to the debt issues in Europe and the US along with an expanding Asian productionj & consumption economy. Silver goes to $70 with in a year!!!

Silver Silver Silver, wayyy tooo beat up on this last pull back. Adopted IFRS, one time hit to income, up, up, and away this year

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.

Precious Metals/Commodities

I need precious metals exposure and this has great upside potential.

Low Professional Price Target

Aggressive management with outstanding skill at finding and producing silver at a low cost. Stage set for blow out earnings over the next few quarters even if Silver sits still (which at this time it is not! - 35.00 at time of this post)

exk