I am pretty confident I'll be able to get back in lower than my previous 5.8 buy.
Didn't some big investment hedge fund guy say the same thing in late 2012? or earlier.
See Japanese bond prices and realize you are betting against the entity that CREATES the money.
Are they losing money currently?, the answer to both is obviously yes. I mean I don't get your captain of the obvious questions. If you bet on SSRI you are making a leveraged bet on the price of silver going up, hopefully to the $30-$35 range. however, with the cash and assets you should be able to get out easily should the price of silver continue down. If you can't handle that risk and want to get paid something for missing out on other opportunities, buy SLW or BVN. But please stop with these inane questions.
I answered the last two pretty directly. As to "why" they lose money, I would suggest asking "How" they lose money. 1. They spend ~$22/oz producing silver for the market. In 2012, price dips into the mid 20's and we see losses expcept for the Q4, but a profit on the yr as a whole. 2013 price drops into high teens, we then see larger losses. Likely they will have an overall loss on the year as silver has dropped ~30%. The cash flow statement shows good flows form investing and operations. It looks like they lose money when silver is below ~$23.
the mexico tax is old news, what makes you think it is not priced in? They recently sold one of their projects...are we to assume the rest of their portfolio is not similarly saleable? Should we assume it is all worthless? We have all noted the riskier nature of this vs larger miners. I am failing to see your point or purpose? If you don't like SSRI, invest in a less risky silver miner and be done with it. Insinuating it has some kind of unknown risk lurking in the dark only hurts your credibility.
That is what I said. They are a riskier but potentially higher reward play on the price of silver. SLW and BVN are not higher reward, but certainly less risky. However, since I said if you like the silver long argument, it is assumed all assets are correlated to the price of silver.
SSRI's strong cash position and saleale assets(see recent sale) allows them to weather low prices. On the upside they are leveraged to the price of silve in the 2:1 to 4:1 range based on trading trends. Thus, if silver goes up SSRI should outperform those other larger, and safer and more stable stocks. SLW and BVN pay dividends, they have a much different role in a portfolio than SSRI. So, it really depends on what type of investment you are looking to make. SLW & BVN might provide better capital preservation in the ST or even short medium term, but they do not offer the capital appreciation opportunity SSRI does. If you like the silver long argument, split your bet 80/20 80 on the safe big stocks and 20 ont he more speculative higher return higher risk SLV
About to go positive on the day...You sound like all the sell side analysts on any stock. sell at the bottom buy at the top. That is why those analysts work for the banks and not on the buy side.
You are probably correct, but i am willing to bet there is a 20-30% relief rally before that leg down. Should be an easy swing trade, dump in the high sixes and wait for the entry lower in the 4's as you suggest. no?