The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Excelsior@Sarb - Yes, the set up in the price of #Silver is similar to that time period, but also, for the last 5 years, all the froth (and then some) was knocked out of the precious metals miners.
The entire mining industry has tightened up their costs, quit spending money like drunken sailors, and focused on efficiencies, recovery rates, better drilling, and better cost inputs. This time, when metals prices rise, they actually may make some money :-)
If Silver goes to $40-$50 again to approach the 2011 high, then I'll be all smiles. (and really it wouldn't surprise me either, because that would mean the Gold:Silver ratio is in a better place)
@nicholaslepanRaymond James Analyst Chris Thompson's upgrades and downgrades for Wednesday. For #silver producers, his changes were:
- Bear Creek Mining Corp. $BCM, outperform, to $3.75 from $3.25. Consensus is $3.56.
- Endeavour Silver Corp. $EDR, market perform, to $5.50 from $4.75. Consensus is $5.78.
- First Majestic Silver Corp. $FR, underperform, to $11.40 from $9. Consensus is $19.82.
- Fortuna Silver Mines Inc. $FVI, outperform, to $10.75 from $10.25. Consensus is $10.38.
- MAG Silver Corp. $MAG, outperform, to $23.50 from $19.50. Consensus is $22.98.
- Pan American Silver Corp. $PAAS, outperform, to $23 (U.S.) from $18. Consensus is $19.99.
- Silvercorp Metals Inc. $SVM, underperform, to $4.10 from $3.25. Consensus is $6.10.
Mutt@Leon I hope so. I hold a few $GOG shares on the back of their silver potential some time down the road. #silver above $18 now so hopefully the rising price of the commodity will help out this little play going firward.
@Leon@nobshere - so why is it that nobody gives Martin #Armstrong / #Socrates any credit here? Because if one would take MA serious we would all have missed the gold turn-around in 2015/2016 and still be waiting "for his fat old lady to sing". Have you forgotten that some weeks ago #gold was promissed to go below $1,000 and #silver according to your own posts was predicted @ $13 ? The trouble with him is, he pretends to be always right and has not the bones to admit a misjudgment.
@EpsteinResearch$TCO#gold#silver, I really like the Northern Miner article on Transatlantic Mining. Balanced, accurate, shows potential upside in the valuation, by going from 5,000 Au Eq. ounces to 10,000, then hopefully to 20,000-30,000 ounces...good job!
@Excelsior@90bigpicture - There has been a lot of attention on the rise of #Zinc prices, but few are mentioning the gradual rise in #Lead prices. They are often found together, and so a 10%+ rise in #Lead prices seems reasonable to me, and this could be a nice boon to #Silver miners that often have both Lead and Zinc as contributing metals credits.
@Goldfinger@Highheat If Captain Fade always makes sure that rallies are sold into why don't we just short every rally in $gold and $silver and make money? Why are we being such dunces and sitting here all day complaining about it?