Silver going higher [Archive] - OnlineTradersForum.com

stockviper

03-23-2006, 04:50 PM

As the new ETF will have to buy tons of physical silver to cover the positions I'd think there would definately be a shortage initially and a nice price run up.

Of course, this may already be factored into the current price so we will have to wait until the actual physical purhases take place to see the actual effect.

englishman26

03-23-2006, 07:22 PM

I actually don't think it is completely factored in - albeit a little bit on mere specualtion. It's just to hard to know how big a difference it's going to make. Fun times ahead. I want to be in SLW to see them happen!

madcowdisease

03-23-2006, 08:01 PM

I'd be cashing out of any silver stocks you have now that the news is out. As the old Wall St. adage goes, buy the rumor sell the news. If you're thinking about starting a position in SLW you might get burned. And if you have a gain I'd not be a pig and cash out. Just my 0.02

GDFLS

03-24-2006, 12:24 AM

Wise thoughts MadC, I am tempted to take some off the table and will at some point.

However, SLW trades directly with the price of silver since their margins improve with each uptick of silver, and many beleive that we are just in the start of a silver bull market, so there may be some more additional upside to SLW. I hapen to think there is more upside and may be follish to get out now. But that is just my opinion and may sound risky. But talking to some "metal heads" I think it is worth the risk.

This will pull back, perhaps even go under 10 bucks maybe even fall below 9, but this is a strong stock.

With that being said, I realize nothing lasts forever...so I always have an exit price, just so happens that price is movin' on up!:D

pmb1010

03-24-2006, 10:07 AM

As the new ETF will have to buy tons of physical silver to cover the positions

As a side note, read this interesting article on how StreetTracks GLD does not specifically hold the physical gold it has in it's position...

http://www.theminingnews.org/news.cfm?newsID=129

I wonder if the silver etf will pull the same funny business...

GDFLS

03-24-2006, 11:21 AM

Silver holding strong this morning and SLW is doing well!

englishman26

03-26-2006, 08:21 PM

http://www.thehindubusinessline.com/2006/03/27/stories/2006032700120700.htm

GDFLS

03-26-2006, 11:37 PM

Thanks for posting that article!

BOOOYAHOOO!

03-27-2006, 09:02 AM

HUI/POG ratio now at 56.37% (55%+ is shorting territory) but the HUI has a nonconfirmed top at the 52 week high. So if yuns guys would just keep buying to force the HUI up ova the top it will guarantee that there will be no longer term inflationary cycle. PAAS and SSRI already safe for long term short entry using outta da muny puts for 3+ months out. Of course a day or 2 more of buying and we'll get a "long term" buy call from Jim Cramer which will guarantee a long term top. :)

Robert L

03-27-2006, 09:52 AM

Silver is going higher, you heard it here first, I am buying in on the next pullback, and it's time for a mother of all rallies (I hope....it's going higher though)

Rob

chinaman711

03-27-2006, 10:14 AM

Going alot higher imo

madcowdisease

03-27-2006, 11:46 AM

What's the best short term play in the group?

InvestingMoron

03-27-2006, 11:55 AM

I still hold about 100 ounces of metal on hand if anyone's interested.

GDFLS

03-27-2006, 12:06 PM

Well SLW normally would have had another great day today with silver being up .15 cents so far. But I am guessing this is what is holding it down:

DJ Silver Wheaton To Sell 14.6M Shrs At C$12 Each

Silver Wheaton Corp. (SLW) has entered into an agreement with underwriters for the bought-deal sale of 14.6 million common shares at C$12.00 a share, for gross proceeds of about C$175 million (US$150 million).

The underwriters will have the option to boost the offering by up to 14% more shares at the same price.

The Vancouver mining company plans to use proceeds of this financing to pay US$40 million due to Glencore International AG under a promissory note, and to repay bank debt associated with its recent silver acquisition from Glencore.

According to the TSX Web site, the company had 183.9 million shares outstanding as of Friday.

-John Moritsugu, 416-306-2100; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 27, 2006 08:07 ET (13:07 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 08 07 AM EST 03-27-06

GDFLS

03-27-2006, 12:07 PM

I still hold about 100 ounces of metal on hand if anyone's interested.

I will pass that onto my boss, although he is looking into trading in some of the smaller stuff he has for larger bars, but he is always looking to get more on down days.

Who do you use to get your silver?

Thanks

InvestingMoron

03-27-2006, 12:11 PM

eBay and the dorks at the local flea markets (which I only bought pieces known to be .999)

GDFLS

03-27-2006, 12:14 PM

Thanks!

I will let him know tomorrow, one good thing about being the VP of the company, he only comes in 2x a week :lol:

Bman409

03-27-2006, 02:04 PM

What's the best short term play in the group?

SHort term play?

Probably SHORTING SSRI

these things are overbought... they'll need some days to digest

madcowdisease

03-27-2006, 04:24 PM

CNBC is all over silver today. I must've heard these ppl mention silver 20 times on various segments. Seems the news is out and again I'll reiterate my caution. Now may be the time to get out not in.

englishman26

03-27-2006, 04:59 PM

Do you read that guy on CNBC that calls CNBC "Bubblevision." As soon as you hear it there, it's too late, you better sell!

Well I actually still think silver is going higher so maybe CNBC aren't quite at the top of the bubble this time!

GDFLS

03-27-2006, 05:14 PM

Bman409

03-27-2006, 05:16 PM

I agree with Englishman on this, Silver will see new highs this year.

Not saying not to be cautious, but not only is the AMEX ETF is almost a go, there are others popping up around the world markets and add to that silver demand should increase in China and in India.

Well, it depends on time frame

I'm fully in 100% agreement that silver will see new highs this year..

The question that I was responding to earlier was, "What is the best silver play , in the SHORT TERM"

I suggested SSRI on the short side.. which would have been a good trade so far.. as SSRI reversed and closed down 1.7% on heavy volume.

that will need to correct a bit, before consolidating and then going higher in a few months.

GDFLS

03-27-2006, 09:39 PM

Oh I agree Bman, silver and silver stocks will have some corrections for sure.

I wasn't disputing your short term play. Short side may work in the near term, however I wouldn't want to be short if/when the ETF is approved.

BOOOYAHOOO!

03-27-2006, 10:08 PM

Well, it depends on time frame

I'm fully in 100% agreement that silver will see new highs this year..

The question that I was responding to earlier was, "What is the best silver play , in the SHORT TERM"

I suggested SSRI on the short side.. which would have been a good trade so far.. as SSRI reversed and closed down 1.7% on heavy volume.

that will need to correct a bit, before consolidating and then going higher in a few months.

HUI/POG ratio up to 57% today based on closing prices. I seriously doubt we will see the "bet the ranch and go short" 60% level. As of right now, PAAS is the only silver pig that doesn't have to take out today's high, although a top at a numba like 27.28 is suspect. There is no trend or price top to hold PAAS up if it starts retracing in a hurry, only a nonconfirmed trend bottom below 23.00 so I'm wreckin we will see an immediate quick dip to shake some idiots out, only to get em back in fo a double top before the gahuuuuuge fall. SSRI will take out today's high but will probably dip below 18.00 foist, a nice gain if you had da guts to go against the herd today. KRY, SLW, and WTZ will also come back to take out today's highs. As of right now it looks like yer best gold/silver pig is RGLD, I mentioned RGLD as a great way to play when it was at $28 along with GRZ when it was at 4.75. RGLD still has 20%+ in it from where it is currently cause it needs to take out the 52 week high....but it will also retrace first in all likelihood. You won't get 20% from current levels on any other gold or silver pig on da planet....unless you short the open tomorrow and hold for 1 full year....then you'll get 50%+ *-)

englishman26

03-27-2006, 11:49 PM

Thanks Booo. RGLD looks good. That's the second recommendation of this stock I've heard today.

If silver goes to $12, all of these silver stocks can still get another 15-20% upwards.

madcowdisease

03-28-2006, 12:23 AM

HUI/POG ratio up to 57% today based on closing prices. I seriously doubt we will see the "bet the ranch and go short" 60% level. As of right now, PAAS is the only silver pig that doesn't have to take out today's high, although a top at a numba like 27.28 is suspect. There is no trend or price top to hold PAAS up if it starts retracing in a hurry, only a nonconfirmed trend bottom below 23.00 so I'm wreckin we will see an immediate quick dip to shake some idiots out, only to get em back in fo a double top before the gahuuuuuge fall. SSRI will take out today's high but will probably dip below 18.00 foist, a nice gain if you had da guts to go against the herd today. KRY, SLW, and WTZ will also come back to take out today's highs. As of right now it looks like yer best gold/silver pig is RGLD, I mentioned RGLD as a great way to play when it was at $28 along with GRZ when it was at 4.75. RGLD still has 20%+ in it from where it is currently cause it needs to take out the 52 week high....but it will also retrace first in all likelihood. You won't get 20% from current levels on any other gold or silver pig on da planet....unless you short the open tomorrow and hold for 1 full year....then you'll get 50%+ *-)

That's good stuff there BOO, but do you mind telling me what leads you to believe RGLD has 20% upside left in it? Compared to some other stocks in the same sector it has twice the multiple. It would seem if the others are going to crash and burn shouldn't RGLD be one of the first to go with that P/E? Again, not sayin' this to criticise just curious how you got to this conclusion. Thanks in advance.

sportsmadness80

03-28-2006, 07:05 AM

A good precious metal company right now is Breakwater resources "BWLRF" check them out. Recently went from .87 to 1.22. This company has $$$$ and are doing well.

BOOOYAHOOO!

03-28-2006, 08:09 AM

Thanks Booo. RGLD looks good. That's the second recommendation of this stock I've heard today.

If silver goes to $12, all of these silver stocks can still get another 15-20% upwards.

Actually, RGLD doesn't look all that great from the 34.16 close. That's the second consecutive trend high in 2 days and I'm sure there will be a shakeout coming now that Chinaman is gettin all giddy bout silver. I'd try either 32.00...or better yet a retest of the 28.50-29.00 trend low area....then a rally to confirm the trend top at the 52 week high with a higher high. BTW, if natgas went from $17 to $20 back in Sept like Cramer said it was going to he wouldn't have had to switch his flock of idiots out of CHK common and into CHK preferred Ooooh well. coulda, shoulda, woulda all over agin. There ain't 20% left in any of the silver pigs...not from current levels anyway....if they retrace 10%+ you can get 20% because like I already told ye, yesterday's highs will all be taken out before they crash and boin. If ya want a trade you had better hope they do what I said they will do. *-)

BOOOYAHOOO!

03-28-2006, 08:12 AM

That's good stuff there BOO, but do you mind telling me what leads you to believe RGLD has 20% upside left in it? Compared to some other stocks in the same sector it has twice the multiple. It would seem if the others are going to crash and burn shouldn't RGLD be one of the first to go with that P/E? Again, not sayin' this to criticise just curious how you got to this conclusion. Thanks in advance.

I gave more detail in the post previous to this one. But to put it in simple terms, the 41.65 high on RGLD is a nonconfirmed trend high. That means it will more than likely be taken out with a higher high by the rule "a trend or price high will go bye bye befo the stock will die" *-)

Robert L

03-28-2006, 09:23 AM

Silver gonna pullback some it is really high and it will pull some, but it's gonna make new highs this year, it gonna go up and up I bet somewhere in the mid-long term (5 years) you could see silver 50, 100, 200 dollars maybe? It can happen, now is the time, the reason it didn't happen in the past 30 years is that the mint and tons of private people started melting silver, all over the damn place, and it brought a false supply to the market, that stuff is gone, lets see what happens.

Rob

InvestingMoron

03-28-2006, 12:36 PM

Maybe I should hang on to all those bars I have after all....

I already sold about 120 ounces.

InvestingMoron

03-29-2006, 02:15 PM

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=8401479468&ssPageName=STRK:MESE:IT

Decided to sell. Silver up .27 and over $11 today.

BOOOYAHOOO!

03-29-2006, 09:32 PM

HUI/POG ratio now at 58...if you wanna see gold go to $2000/oz, silver to $200/oz, I wouldn't let the HUI gold stock index take out 350 if I was you! You will never see a dozen eggs selling for $7.50, gasoline for $4.50/gal, a brick selling for $3.50 unless you let this thang take a breather! I know you guys are just beggin to pay an exhorbitant price for everything you buy as soon as possible! But please! Please! Don't let the HUI/POG ratio break above 60! I'm beggin ya's! LOL

englishman26

03-29-2006, 11:25 PM

I think silver goes to $12.

And gas will be $4.50 soon too!

Affirmed

03-30-2006, 04:27 AM

Im accumulating silver bars as much as I can now, in 5 years silver will be $16-20 an ounce.

BOOOYAHOOO!

03-30-2006, 08:15 AM

I think silver goes to $12.

And gas will be $4.50 soon too!

I'm jist goin by what da stocks are sayin. And right now PAAS and WTZ have done enough to confirm tops. SSRI will go higher, KRY will go higher, HL did all it needed to do. But like I always said befo, the last run at the top and da bottom is always when fokes want in and out at any price. The best way to play it is to take the opposite bet in a small way thoug...because small bets at big extremes payoff better than big bets at extremes. *-) But you can watch WTZ and PAAS (which also did all it needed to do) and see if they react as well as some of the others that still have tops to take out. Actually, you should be playing an OTC penny silver pig because that's what the little guy who can't afode PAAS will be buyin! LOL I see a false trade on my ole bottom fishin play MNG at 3.74 yesterday....remember that false trade on CWPC at 7.97 and what happened the very next day? :) As far as gasoline, VLO is the world's biggest refiner and it is woikin its way to an uptitty pattern....plus Cramer still likes it! For the time being you will just have to find a local station that undercuts da competition by a full .10 a gallon like we have here in my town. But your wait for $4.50 gas will be longer than my wait for CHK to hit $4.50 *-)

JMacCrade1

03-30-2006, 09:44 AM

Im accumulating silver bars as much as I can now, in 5 years silver will be $16-20 an ounce.
When buying silver bars, what are the important things to look for? Are any of the brand markings better or worse than the others?

chinaman711

03-30-2006, 09:48 AM

Looks like silver working its way to 12.

Affirmed

03-30-2006, 10:44 AM

When buying silver bars, what are the important things to look for? Are any of the brand markings better or worse than the others?

Yes you want silver bars that are recognized by COMEX.

I just get all mine from CCSilver.com and havent had a problem

englishman26

03-30-2006, 11:15 AM

Wow - I thought $12 silver would take a bit longer than this. 11.45 already. I was thinking it would take a week or two. This thing is breaking out. Gold up too. So I may have to re-think my target.

I have SLW and I have PAAS for my Dad's account. We've enjoyed both for a while!

GDFLS

03-30-2006, 12:56 PM

Yeah englishman, silver took off overnight. I was thinking we would see $12 by mid April, may see it sooner than that!

If SLW builds a nice support at 11 - 11.50 I may take back my initial money and let the rest go.

I was thinking if/when the silver ETF news hits, that may be a great day to sell some of my SLW...that should get a good bang on the official ETF news day.

InvestingMoron

03-30-2006, 01:08 PM

If you get into collecting physical silver, like I did, make sure each piece either has .999 stamped on it or it is from a well known company. Some bars out there are .925 and not as valuable as the .999 bars.

Bman409

03-30-2006, 04:48 PM

BOOOYAHOOO!

03-30-2006, 05:21 PM

Beware of any new entries at these levels

the metal itself was up 5% today.. but most of the stocks are break even or in the red

that tells me the short term run is exhausted, at least in the miners

Most of the silvers are dunn but you can still play summa da goldies for maybe 3-5% upside before they crash and burn also. Remember, da HUI only needs to take out 349. You'd be better off looking elsewhere for the last ramp in da Naz. Falling energy stocks should set off the last wave of buying in da Naz. Basically tomorrow will be a "gray" Fri since da fundies won't sell the higher priced crap until end of quarter. I'm sure small caps will have a veeeery bad day...just like the oils will. By next week there should be no safe havens...cept da homeland security plays of course. They are all trading close to 52 week lows (cept for the ones Cramer likes, they'll be deeeestroyed along with his fiber optic plays). Looking at the setup on things makes me leary of sumthing earth shattering happening over the weekend....just because da mawkets are getting ready to crash yet the homeland security plays are looking for sumbody...ANYBODY to buy em! There will be no safe havens amongst anything that is trading 100-200% above March 2003 levels....so be careful out there sheeple! *-)

GDFLS

03-30-2006, 05:51 PM

Beware of any new entries at these levels

the metal itself was up 5% today.. but most of the stocks are break even or in the red

that tells me the short term run is exhausted, at least in the miners

Interesting point, SLW was a penny lower after a gap open today. SLW isn't a silver miner, more like a silver middle man. I expected a nice rise today out of them...and silver is still up overseas now.

BOOOYAHOOO!

03-31-2006, 09:03 AM

WOW! I didn't realize it because I rarely follow the prices of physical gold and silver but gold was especially up HUGE yesterday! Ya woulda thunk that the stock indicies would have been up alot stronger then they were. I guess that's happens when the commodity leads the stocks higher....kind of like da blind leadin da blind. The neat thing you will find at times like this is that when the commodity toins lower even by just a little the stocks tend to overreact by alot! Not that it will be an overreaction. At this point most precious metal stocks will lose 50% of their value before they see any type of relief rally. But I guess ya's can hang in there for that last 3-5% yer gonna get outta PAAS....the leader of da silver pack. :)

madcowdisease

04-10-2006, 02:56 PM

What gives with Silver Wheaton today? Silver is at a new high and this stock is down? Something is fishy here.

Bman409

04-10-2006, 03:00 PM

What gives with Silver Wheaton today? Silver is at a new high and this stock is down? Something is fishy here.

None of the silver stocks are participating..

WTZ, PAAS are down.. SSRI and SIL only up a little.

might be time to short them.

BOOOYAHOOO!

04-10-2006, 03:51 PM

None of the silver stocks are participating..

WTZ, PAAS are down.. SSRI and SIL only up a little.

might be time to short them.

Good point....maybe time ta chort em. Somebody else said to short PAAS when it was at 10% higher levels...along with the rest of the silver crap. He also said that somma da gold crap would still rally though but to short at will when da HUI/POG ratio hit 60% or higher, which it did on Fri. I can't remember who said that though. :)

GDFLS

04-10-2006, 04:29 PM

What gives with Silver Wheaton today? Silver is at a new high and this stock is down? Something is fishy here.

I know this has been going on for a couple weeks now. Since they diluted the shares a bit they haven't kept up with the price of silver like they have been doing.

Earnigs are due on the 19th, should be good with great guidence.

They sold shares and paif off debt so that they can acquire more silver sources. So in the long run I think it will be good.

I guess I shouldn't complain, I am still up 100% in SLW give or take, but I am torn between taking back my initial investment before earnings.

InvestingMoron

04-10-2006, 05:53 PM

GDFLS I know you're no stranger to the game. Take half your position and sit on some free shares bud. The rest is pocket change.

GDFLS

04-10-2006, 11:24 PM

Affirmed

04-11-2006, 03:07 AM

Precious metals prices are already priced in and over priced in, in tha stocks, thats why you gotta be goin with the metal itself

GreenMachine

04-12-2006, 12:56 PM

Wow.....Looks like Silver is getting close to 13.00 an ounce (12.79) and I see that gold is playing with 600 an ounce.. (599.50) I don't have tons of silver or gold, but it is fun to watch it keep going up non the less.....
GM

Robert L

04-12-2006, 02:30 PM

Damn I was right, imagine that, when's the silver ETF coming out? screw silver mining companies, hehe.

Rob

Robert L

04-12-2006, 02:35 PM

IF I had more money I would be placing bets on FLR (Flour Inc.) right now, it's probably gonna make a run, and this is a WONDERFUL company to own during metal runs, if your not familiar, they build all the support stuff for the mining companies out in remote locations, lay roads, etc.. it's a way to play on all the metal run at once, for the stocks, cause the miners themselves, seem too shaky for me at this point, they are very very volatile, and bouncing around like crazy, FLR just sold off pretty heavily and could be good for a quick 5-10.

Rob

p.s. buy IIIN, it's on a rally to at least 60, and I would really appreciate it if you dumped a bunch of money and pushed the price higher for me, thx.

BOOOYAHOOO!

04-12-2006, 10:50 PM

Yeah you are right IM, I am finding the hardest part of this market game is not developing a trading plan, but sticking with it.

Next day this week SLW has a nice run I will sell half my position into the strenth.

Well, it be look like yer day is comin soon so I hope you take your own advice and sell. Unless of course your new trading plan tells you not to. It sounded like you wished you had sold in this post of yours I am replying to...but you didn't cause you failed to follow yer plan. If your plan is to still sell and you can't for whatever reason jist letme know and I'll come ova heeeya and smack some sense into ya....if yawnt me too dat is. I know how difficult it can git when da headlights be shinin on ya :)

Robert L

04-12-2006, 10:55 PM

Well, it be look like yer day is comin soon so I hope you take your own advice and sell. Unless of course your new trading plan tells you not to. It sounded like you wished you had sold in this post of yours I am replying to...but you didn't cause you failed to follow yer plan. If your plan is to still sell and you can't for whatever reason jist letme know and I'll come ova heeeya and smack some sense into ya....if yawnt me too dat is. I know how difficult it can git when da headlights be shinin on ya :)

I'll be much nicer than him, I will sell the shares for you then you can just give me half ok? and all will be well. Hell I'll even help you spend your half :mrgreen:

GDFLS

04-12-2006, 11:45 PM

Thanks for the support guys! :lol:

I didn't think it would be hard to follow a plan, while it's tough I really am trying to avoid learning the hard way by watching my profits fly out the window.

So I am sticking wit da plan!

chinaman711

04-21-2006, 03:27 PM

Look for PAAS to visit 26 again as silver goes higher. Hard to find any silver

chinaman711

04-25-2006, 09:49 AM

OK time for silver to get going again looks to be a great l/t play imo

chinaman711

04-25-2006, 03:24 PM

Silver etf should be out in a week or so. Look for silver to make a run now

BOOOYAHOOO!

04-25-2006, 09:48 PM

Gonna save Chinaman the hassle of making tomorrow's post since he did the same one 3 days in a row now so here goes...."silver goin higher now, ETF out soon....HUGE DEMAND, Cramer advises melting down pennies for zinc value per his mention on tonight's Lightening Yer Wallet round of Insane Muny from U. of M., silver much more valuable than zink, still like PAAS, SIL on sale today." :)

Just thought I'd bail ya out like I did with OTD there ole Chinakook, I'll see if I can get da silver pigs ta ackchully rally since it appears you be "strugglin" :)

financenanc

04-25-2006, 11:28 PM

Yeah, I'm a Cramer fan....but even I thought his comment about melting down pennies for the zinc was a little odd : )

Cramer---what you talking 'bout?

chinaman711

04-26-2006, 12:35 PM

BOOOYAHOOO!

04-26-2006, 02:00 PM

Boo at least people know where im coming from as im a l/t bull on the metals and oil. With you its up 1 minute and down the next and then da i be thikin it will b sideways for a while and then tomorrow it b sell dat pos and then as soon as u say dat it goes higher. Sorry to hear your wife left ya and u lost all your money.

Trust me...I want fokes to know EXACTLY where you are coming from so they can see what happens to traders witout a clue! :) That's sum gratitude you are showing fo da fack dat I jist bailed yer happy a$$ out agin...this time wit da silver pigs. And doanchu knock a 3% gain none neither. Looka PAAS up 3% right cheeeya as I be spekkin. If it twasn't fo me ya woodn't has got it...and it's bout all yer gonna git! :o

chinaman711

04-26-2006, 02:42 PM

PAAS up .85 cvx up bhi up im done waiting my time with you. Have a great life looser

BOOOYAHOOO!

04-26-2006, 02:49 PM

PAAS up .85 cvx up bhi up im done waiting my time with you. Have a great life looser

Jeeesh! Still no appursheyayshun fo what I done! You better come back an say thank you or when you's laid out an convulsing from me atomic drop I'll have da Madgirl sit on ya! I'll wait fer yer apology...but not fo long.....not fer long! *-)

chinaman711

04-27-2006, 03:11 PM

Silver etf starts trading tomorrow

chinaman711

04-28-2006, 12:16 PM

silver up a buck looks like it could run to 15 and its taking PAAS with it up a buck too

chinaman711

05-01-2006, 08:38 AM

Looks like the metals could have another good day

chinaman711

05-01-2006, 09:52 AM

PAAS bid 25 ask 25.50 in pre market looking good so far

xboilermaker

05-02-2006, 08:41 AM

Wish I had waited on my 200 position in SLV. The Japanese are selling big today. Gold too (which I am glad that I don't own).

englishman26

05-02-2006, 02:16 PM

PAAS is one of the most infuriating stocks in the silver-gold bucket at the moment. I can only imagine it's heading higher but it really isn't actually doing it. That share offering they did really messed the price up, I think. It could be stuck here for a while.

chinaman711

05-02-2006, 02:54 PM

Yuo cwpc did the same thing to me too. PAAS imo it could get back in the freen today thats why i bought the dip. But then again i have been doing real well this year buying the dips in strong sectors.

chinaman711

05-02-2006, 02:58 PM

PAAS back to 24 looking good hope to see green soon

chinaman711

05-02-2006, 03:43 PM

SIL was a steal too imo. Buy the dips working well again today

chinaman711

05-02-2006, 04:07 PM

Most of these silver stocks have insurance so if the govt. was to try and take them they are covered. They most likely will pay them off or pay higher taxes imo. PAAS down .02 look for green soon SIL still down 3.45 what a bargin imo

englishman26

05-02-2006, 05:15 PM

PAAS with an amazing "V for Vendetta" shaped chart for the day! I just wish it would break out of this malaise it has been in for the last month.

I can see it being $40 in a few months if it can get above $28 but it's just stuck here. Granted, you can make good money on these wild pullbacks like today.