Dale, Welcome to thread, Claude posted the %. You have to look deep here.
They hope to have Silver production over 11 mil oz's this year, Gold 160,000 oz's.
They probably need 6 on silver to show profit,
Bottom line on this one is, If you are more into Gold, IMO, I really like AEM, potential next two years on new production at 125 on cost per oz is great leverage.
There are a few juniors that are a good speculation, but if gold rises like to 350, AEM would be the best bet. I think it will start latter in June.
CDE has some things going for it, NYSE listing, if metal goes up, they do have production leverage, that is what I like best. probably silver will jump at .50 a crack, when it goes, so I expect Day traders to jump on board. They have a active exploration program,and maybe they can put together a nice deal on San Bartolome in Bolivia
Lets face it, inflation is going nuts on what I buy, use.
I only dreamed on buying # of shares I can now, as when I started in 1970 with AEM and CDE.
A small trader like me can be marked up on CDE in 10 seconds, That's what I like. I just took some profit on AEM, and it is going into CDE, within next two weeks.
So if oil hits 40 per , Yes, Dollar drops, we could have some fun.
Happy decision, If you want Gold, go with AEM, Higher Metal, CDE will do good.
I have cash, it will go into CDE.
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For fun, check out this Guy, what a hoot.
home.c2i.net
Gold finally responded to a positive cycle, which is promising, but it should just like the Swiss Franc (the future)
pull back one more time, and complete a powerful technical pattern, may be not piercing the low around 270
before it takes off in the end of the month.
Crude Oil might really be the thing that shakes the consciousness, there is very little downside before next spring.
So as we approach Gulf War levels; inflation might really become an issue or take the fancy of investors and
cause a revival in the commodities, see CRB. |
