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Silver, Pure silver plays on the ASX
mullokintyre
post Posted: Sep 12 2014, 12:49 PM
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In Reply To: wren's post @ Sep 12 2014, 11:39 AM

Thanks Wren, but I needed something in USD. I had about 40kUSD in my Pershings account after the sale of the XHB ETF, and had not converted them back to AUD, as I wanted to keep my
balance of a variety of currencies in which I am invested.

Mick



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wren
post Posted: Sep 12 2014, 11:39 AM
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It is possible to 'Buy' Silver on the ASX. Code: ETPMAG. This is not a leveraged play,unlike the ETF SIL mentioned by Mick which is a US based ETF.
BTW,Silver is cheaper today than yesterday!

 
jacsar
post Posted: Sep 11 2014, 01:14 PM
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In Reply To: mullokintyre's post @ Sep 11 2014, 12:04 PM

Thanks for the link, Mick as was looking for something like this...cheers jacsar

 
mullokintyre
post Posted: Sep 11 2014, 12:04 PM
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With Silver now below USD19, perhaps its time to look at the bottom for the metal.
Unlike gold, Silver gets consumed in significant quantities in industry.
Yes, the loss of the photographical market has affected it, but there are more and more industrial uses popping up especially as an antibacterial coating in the food technology and medical field. (You can even get dishwashers with an internal coating of silver!).
The paper derivatives, with many times the value of all the gold mined in the world so far), have been the weapon of mass destruction for silver.
However, it can't keep being pulled down forever.

I have no idea as to whether the silver price has further to go down or not, but the upside is almost limitless.
Despite a gradual fall in price, its instructive to look observe that the vast majority of silver stocks In the following link of silver stocks
are mostly still in the mid range or better between 52 wk hi and 52 wk low.

I tried to paste the table, but the formatting gets screwed, so for those interested, they will just have to download the table for themselves.

it is interesting to note that one of the larger producers, CDE, is probably now making a loss on every ounce it mines, as does First majestic and Panther.I was pondering which of the silver producers to have my play in.

In the end, I decided to use the USD from the sale of my XHB ETF to buy another US denominated ETF, SIL.

Mick



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Said 'Thanks' for this post: Barra  
 
flower
post Posted: Jan 6 2014, 05:52 PM
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If the POS is truly recovering, CCU is way ahead of the silver price in USD, therefore may have plenty of upside potential, chart enclosed.
Attached File(s)
Attached File  CCU.gif ( 29.84K ) Number of downloads: 24

 




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Combining Fundamental comments with Fundamental charts.
 
flower
post Posted: Jan 29 2012, 11:07 AM
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Silver at USD44 makes silver stocks worth close investigation again IMO, plenty of upside potential.

chart 1--shows silver's high in 1980 of USD49.45 being worth in adjusted inflation terms as being worth USD130 today, makes you think--given todays spot market is only 25% off the all time high, and 2012 is hardly 1980.

chart 2--shows current spot silver situation in USD with upside potentials notice it has popped over it's 200EMA
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Silver's high in 1980 of $49.45 per ounce adjusted for the CPI index equals $130 per ounce in today's dollars:


Attached File(s)
Attached File  SILVER.gif ( 12.42K ) Number of downloads: 22

 




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Combining Fundamental comments with Fundamental charts.
 


flower
post Posted: May 10 2011, 11:22 AM
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Another silver play on the ASX (with some associated assets) is CJO having recently completed the purchase of the Namiquipa Silver Project in Mexico, following Q1 report ground work is now commencing--see ASX reports.

CJO making moves today--chart enclosed.
Initial target 38c.
Attached File(s)
Attached File  CJO.gif ( 9.85K ) Number of downloads: 31

 




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Combining Fundamental comments with Fundamental charts.
 
flower
post Posted: May 5 2011, 01:58 PM
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Tread VERY CAREFULLY---the big boys are playing fast and loose with Silver---please note there are TWO further margin increases happening--the 4th tonight, and the 5th next Monday--read the CME link provided. Presumably the next step will be to BUY silver say in 7 days time?
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Silver dropped another $2.27 again on Wednesday May 4th 2011. Starting the day over $40 reaching as high as $41.90, then swinging back down to a low of $38.94 to settle at $39.45.

Billionaires and hedge funds took part in todays drop as George Soros and others were sellers of gold and silver today.

Fund managers have said that Soros could, in theory, sell gold and silver to take profits and then build positions back up within days, or even hours.

If sharks were in the water yesterday, the great white showed up today in Soros. Now it seems as the killer whale has been invited by the CME as they have announced a 4th and 5th margin increase for silver to go in to effect on the close of business Thursday, May 5th 2011, and Monday May 9th, 2011

See the official advisory notice here;

4th And 5th Margin Increase For Silver By The CME



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Combining Fundamental comments with Fundamental charts.
 
arty
post Posted: Sep 29 2008, 04:07 PM
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In reply to: NightStalker on Monday 29/09/08 01:55pm

thanks for the warning NS
Queensland is a fair way from where I live. The Macs only popped up on my search for a pure Aussie silver play. Apart from CXC, it seems to be the only one.
But as I said, the chart is still looking awful...



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
NightStalker
post Posted: Sep 29 2008, 03:55 PM
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Arty - MMN has a major problem: the "management". This is the same lot (father and son) who wanted to mine the Kokoda Track with Frontier Resources (FNT)- what a great little PR exercise THAT was...NOT!

MMN has been used as a fund-raiser for the McNeils for years, with endless cap raisings, share dilutions, and umpteen promises of silver. Still no silver, except for a bit of silver powder from Twin Hills, and a very limited mine life. Nowhere near enough silver there to cover the amount of shares on issue. And funnily enough, the directors keep getting shares and options.....

If I remember correctly, the last options expired so far out of the money that virtually none were exercised, and people who bought options made a nice big tax loss.

They are a hopeless mob - geologists maybe, but miners? Never.

I stress that this is not sour grapes, as I did well out of MMN - bought in the single figures, and sold at about 25.5 cents. In retrospect, it was a wise move to get out. There is no way, even as a fervent silver believer, that I'd be buying back into MMN.

Just my 'umble opinion.





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Regards, NightStalker

Algorithmic trading, and HFT are rendering Technical Analysis null and void.
 
 


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