Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: koan	4/12/2007 3:09:10 PM
	Read Replies (2) of 78410

Bought more EDR wts today although I consider this a dangerous play. If silver continues up then I should do well, but if silver falls I can lose everything. Dollar is now down near 82. EDR wts strike $5.25, expiration October 24, 07 price today $5.70 up .14. .45 in the money. EDR is hoping to double production of silver this year and has several great Mexican silver gold properties. Many commentators on bloomberg keep talking about a lower dollar which would bouy silver. I also think industry and the silver ETF may be having an impact on supply/demand. My bet on EDR is that silver goes to at least $20 before the end of the year in which case I would expect EDR to scream, BUT I AM GAMBLING!! Last, EDR only has 43 million shares outstanding and tons of money for exploration there is always the chance they could hit big on top of producing over 2.6 million oz in 07. They, like RNG only got started milling in 06.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next