To: Soren
I have some CDE. I was interested in a recommendation of MMNM which I just saw a couple of days ago, but the price doubled in the past few weeks, before I became aware of it. I hesitate to buy with the chart looking as it does, unless it corrects, because it seems to be thinly traded in the U.S. and it would be easy to get burned.
If the price of silver skyrockets, then the best stocks will be the more speculative ones, with heavy debt and high-price mines. Of course if it tanks, they will be in greatest trouble.
So far, we have had just one single-day bounce in silver last Friday. The heavy resistance at 5 and 5.50 has yet to be tested or broken, unlike gold. That could mean that it's a better opportunity, because it's still time to get in on the ground floor; or it could mean that it is still detached from gold in its actions.
38 posted on
01/06/2003 8:46:11 AM PST by
Cicero
To: Cicero
I own some CDE too. It seems like silver's breakout has been just around the corner for more than a year. I remember last year about this time people were calling for a breakout by March. The leverage is nice as long as they stay in the game until pay day. I prefer SSRI for silver. I heard about MNMM recently, but looked at the chart and decided to pass for now, not to mention the fact that I am already pretty fully loaded up on PM stocks. Seems like you have done your homework.
39 posted on
01/06/2003 9:39:15 AM PST by
Soren
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