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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (17393)	8/20/2003 4:44:44 PM
From: paul ross	Read Replies (1) \| Respond to of 39344

This article may have helped things along. (From Forbes) Also, CDU risng again (from the ashes),back up to 1.20 area. Guru Picks Summer's Silver Lining Matt Rand; data provided by Marketocracy, 08.19.03, 1:39 PM ET NEW YORK - When gold rallied earlier this year, silver barely participated. Now, it could be silver's turn. Last week, Marketocracy.com's top stock pickers, the M100, increased their position in silver mining companies, anticipating that silver prices could rise in the latter part of the third quarter. That could happen, according to technicians. August and September are typically slow for the stock market, and silver recently closed above its benchmark resistance level of $5. Click here to profit from our Monday morning free e-mail dispatch, "Forbes Newsletters' Stock of the Week." The top buy was Silver Standard Resources (nasdaq: SSRI - news - people ), which owns mines in Australia, Argentina and Texas, and earlier this month acquired a 100% interest in the large Challocollo mines in Chile. Silver Standard stock was as low as $3.22 in the past 52 weeks. But in July its stock price increased more than 40% and has hovered just over $7 since then. The stock picking gurus also continued to accumulate Apex Silver Mines (amex: SIL - news - people ). The Grand Cayman-based company, which operates silver mines in South America, Mexico, Central America and Central Asia, has been moving up steadily from $12 per share last month--after it announced poor first-quarter earnings (net loss widened by 58% to $1.7 million)--to just over $18 per share this month. The stock dipped slightly last week, giving the gurus an opportunity to buy more. Jim Oberweis' small-cap growth advisory was up nearly 50% in the year's first half. One stock on his buy list is Dot Hill Systems. To get his full list of August buys and a 30-day risk-free trial, click here. While the M100 are optimistic about silver, they took profits on another silver company, Pan American Silver (nasdaq: PAAS - news - people ). The company's share price has been rising throughout August, stopping just short of $10. PAAS reported last week that production increased 12% in its second quarter to 2.2 million ounces. The gurus also took profits in Meridian Gold (nyse: MDG - news - people ), which has gold mines in Chile and Nevada. The gurus sold shares of Meridian just shy of its five-month high of nearly $14 forbes.com