Silver Miners Rallying, But Expect More Upside

Four full trading sessions ago, I reviewed five silver miners, and recommended their stocks. For the record, these stocks are up on average +4.50 pct in those four days.

Pan American (PAAS) +5.453 pct

Hecla Mining (HL) +5.333 pct

Coeur d’Alene (CDE) +1.667 pct

Silver Wheaton(SLW) +5.685 pct

Silver Standard (SSRI) +4.355 pct

That happens to be about +470 equivalent Dow points, which didn’t happen.

I recommend that on every pull-back, traders keep their pedal to the metal. These silver stocks have a long way to go before they reach their peak.

As we wait for the FOMC to report, Bloomberg announced that 108 out of 108 economists they checked believe that the Fed Rate will stay unchanged. That means more hawkish tones, which are simply not believable when you see the +10-pct M3 annual growth rate.

But hawkishness always seems to depress the precious metal miners for a bit. That's the time to buy.

Related Articles What's Up with Gold Inventories? Nov 06, 2009 Why Gold Is Rising Nov 06, 2009 Economic Growth Is Just Around the Corner Nov 06, 2009 America's Overheated Printing Presses and Huge Debts Helping Drive Gold Higher Nov 06, 2009 U.S. Interest Rates to Remain Extremely Low for a While Nov 06, 2009 Related Stocks: CDE, HL, PAAS, SLW, SSRI

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  • kkin365: 
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  • omooc.blogspot.com
  Good update. Too bad I did not take advantage of your recommendations. Keep up the good work. omooc

  2006 Oct 25 04:03 PM

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[kkin365:]

Good update. Too bad I did not take advantage of your recommendations. Keep up the good work. omooc

2006 Oct 25 04:03 PM