SSRI seems to be a more undervalued quality silver play. SLW has been the strongest, but the profits have already been made, while the big rise for ssri is just taking off.
I'm talking short term.
Longer term silver will probaly rise even more and both SLW and SSRI will be much higher.
Ok, they have a couple of contracts...
It's higly unlikely they will be able to get new contracts like this.
What will they do with the profits? Thers's no costs, so why should they not pay a large dividend and share the profits with the shareholders?
There's no growth. No future. Just a temporary profit situation of which the shareholders do not even know the actual details because these are undisclosed.
This is the kind of stock that can rise very fast to extremes because Joe Sixpack is attracted to this kind of 'brilliant business model with no costs' type of story.
Anyway, SSRI will be the stronger performer going forward.
Without a doubt but we are in a correction that has been going on for a few weeks now...take some profits off the table and let this thing correct.
There is plenty of time to buy back in later when its bottom.
If we're lucky when it is all said and done we may see high 20's.
We are just finishing a high level base built over the past 2 months similiar to 2007 before the 2nd leg up into 2008. There are other similair continuation patterns on the long term charts.
In the past 10 years, EVERY major gold peak ended in a parabolic rise to a vertical peak followed by a sharp correction. All of these peaks reached 1.25x 200 day ma at a minimum.
1.25x 200 day is currently at 1558, and rising $23 per day. Consequently, we should expect gold to hit at least 1600 sometime this spring.
This was from last week. H is even more bullish on pm stocks in this weeks Speculator, but i dont have time to copy it gotta run.
I agree with you on the fact that the rise of silver and gold should not be compared to the dot.com period.
But the comparison does make sense when people say 'I dont care about the dividend or tangible assets. This stock has been going up for the past 6 months and therefore it's a winner and it will keep on going up.'
These are the kind of statements one can read here.
The bull market in precious metals (or should I say the bear market in the USD and EURO) is not in stealth mode anymore neither. It's big news now. I happen to know quite a few people that are otherwise not interested in investing who want to buy precious metals all of a sudden.
Anyway, this topic is not about gold and silver. I completely agree that these will most probably go much higher.
I chose SSRI for this discussion just because it has been underperforming despite its value. That's the past: it's behind us.
'The best business model in existence: when have I heard that before? Enron comes to mind.
Anyway...we all have a different horizon for our investments. I fully expect ssri to outperform SLW in the coming years.
It's good to get some additional confirmation that this is a contrarian view.