I am not a chart guy but I do look and try to guess what is ahead sometimes looking at the comparison of PAAS and SLV over a six month time period. I see $$ for PAAS my guess is nipping 30.00 in the tail in the next 16 trading days.
Yes, there's a lot to like about PanAmerican Silver and while some will try to compare one year price performance to a stocks longer term worth, I was always told to buy quality of resources and management unless you can tell me that you are smarter than every one else. If I'm not mistaken, I'm seeing PanAMerican Silver as the cheapest of the available solid silver plays in the market today. Yeah, REALLY!
GOLD has quadrippled in the last few years. So its not all that difficult. I used to trade it in the 20's but the volume was so low and it never moved that I traded it in fro the likes of PAAS at the same price.. $22... But GOLD's at $95 now and PAAS at $26.
maybe that will tell a tale or two.
wow what a tale of it. PAAS is underperforming even Silver.
Circ, I've studied JAG but not GOLD. I'd like to see JAG stabilize following this present drop and form a base. It is a tradeable company with the possibility of buy-out (jmho). I like Brazil but I'd rather buy PBR-A.
Gold in Africa is a good consideration however, I'd be tempted to look at Tanzanian Royalty as a trade vs. GOLD as it takes a good bit to propel the behemoth to a double, whereas these smaller plays will likely triple or better in the same length of time. Again, JMHO .. but then, what the heck do I know??
Get_mo, I've quit trying to time this market and this stock. I like your exuberance but I think that taking a longer term view is important to your mental health and material wealth. Keep in mind that PanAmerican Silver is not only keeping well ahead of mine depletion estimates, but rapidly expanding their future and present reserves. Their goal? Become the biggest and lowest cost silver producer in the world. They've got a plan and they pursue it; asiduously!
This baby will easily hit $30 by Friday - 9/17.
On a broader look, how long is the gold/silver trade going to last. Looks like everyone I talk to wants in on the trade. Is this the start of a bubble?
I have 9 trading days left with my prediction the market sure is acting strange the last few days in a good way for silver and gold. I guess the next move is the wave crashing down but I think it will be a small one with silver and gold that is. Two steps forward one step back normally a day like today would be a good day to sell but I knocked that little devil off my shoulder today.
Back to whacking and stacking wood for me
Circ, you should buy SLW. Some of the best doctors in Montanna lack patients. I like the way PanAmerican trades and I don't see the weakness you allude to. Hang tight. If you are leveraged, you should probably play a different game. I love this management and I don't don't doubt that they wake up thinking about their mission statement. Please See page one (1): www.panamericansilver.com