jwhite622
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Cash: $ 17.25
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| HI HO SILVER MINING>>> |
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I know PM's are last month's news...but how do you feel about Silver mining?
RISK_REWARD ratio is around a 7, especially with most of these stocks reaching an all time high soon...in my opinion.
According to "my" basic economics...interest goes up...gold/silver grows...
What are your thoughts???
Thanks ahead of time
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Mon Apr 03, 2006 4:38 am |
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bestcoast
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I think silver still has room to grow -- to around 22 is my target over the next 1-2 years.
I just finished a good run with CDE. I just switched over to NXG, which is a dirt cheap silver mine with a PE of 14 and a forward PE of 8 (and will be much lower as silver rises).
I don't think NXG is found yet. CDE is riding a PE of 155, and other silver miners similar.
Good luck
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Mon Apr 03, 2006 4:48 pm |
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jwhite622
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Totally agree...I looked at your thread sarah, but I am a little weak in this area...just looking for confidence...
Thanks!
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Mon Apr 03, 2006 6:14 pm |
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Rolo
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But are gold companies a better prospect?
quote:
Originally posted by sarah
Long term, I don't think $50 is out of the question.
heh heh...too bad 'long term' doesn't mean 45 days, jw. 
"Expect me when you see me."
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Tue Apr 04, 2006 12:29 am |
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Rolo
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I see.
But given 50 times the going rate for essentially the same thing (a precious metal), how could gold not have a higher profit-margin? Or is this argument not applicable for some reason..?
And how long do we expect the 2003-like run for metals last?
"Expect me when you see me."
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Tue Apr 04, 2006 3:15 am |
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Rolo
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Cash: $ 309.70
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quote:
Originally posted by sarah
Gold ... There are usually 3 waves of runs. We're currently in the middle of the second run.
That's my thinking also...will throttle back when XAU hits ~180.
Hey, for when you shop for jewelry for me, I don't have any white gold. 
"Expect me when you see me."
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Wed Apr 05, 2006 3:03 am |
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jwhite622
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Cash: $ 17.25
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quote:
Originally posted by sarah
quote:
Originally posted by Rolo
But given 50 times the going rate for essentially the same thing (a precious metal), how could gold not have a higher profit-margin? And how long do we expect the 2003-like run for metals last?
Gold is largely bought as an inflation hedge. When the risk of inflation subsides, so will the gold rush. There are usually 3 waves of runs. We're currently in the middle of the second run.
I like this statement...and I do agree, but from what I've been reading--and listening to on investment radio, gold is moving to 800 again if not more...
I would say we are in the 5th inning...like sarah mentioned, so I've decided to play...
GG looks primed for a breakout, consilidation is a little bit bothersome though
AEM broke out on weak volume...will it hold?
SLW is on it's fourth bouce from the channel floor, will we see it breakout to the $15 point this time?
GLG is majorly bullish with a strong breakout to 35...will it correct to 32?
Of course these are my technicals...volume is solid all the way across the board, and the IBD racks and stacks them high in the institutional volume buyouts...Gold/Silver are definetily the hedge--How long can this last? 12 months ???
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Wed Apr 05, 2006 5:16 am |
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