What are your favourite silver copanies for 2008?

[faja]

Hello Everyone,

Silver is trading around $16.50 and we are still not hearing much about it in the news.

Currently I am holding positions in:

PAN AMERICAN SILVER CORP (PAA.TO)
AQUILINE RES (AQI.to)
COEUR D ALENE MINES CORP (CDE)
FORTUNA SILVER MINES INC (FVI.V)
HECLA MINING CO (HL)

This morning I picked up some March $5 Calls  on CDE for around $0.55 (CDE C MAR 5.000 US). Coeur D Alene just broke out to a new 52wk high...Providing that the silver keeps going up I think its worth looking into CALLS....


DaveSLane thanks for telling me about Kitco's Kcast...it works great!

[Dr George]

You made the right move.
CDE is my favorite play.

[sunseeker]

The best time to start investing in silver is usually in (latish) October. When silver starts moving, and plays catch up with the gold price. However I have noticed that silver, and gold prices are running petty much in tandem, so I see little advantage in holding silver over gold at this moment in time. There is nothing wrong in holding silver right now. Just be really cautious around about the end of February when silver can start to falter.

A little out of date but you may or may not find this interesting:
http://www.yukonzinc.com/documents/SilverLeverage-Jensen2005-09-12.pdf

You may also want to look here:
http://silverstrategies.com/PerformanceReport.aspx

Also the excellent site that Davidslane brought to our attention:
http://www.resourcestockguide.com/home_page.php

One problem with silver is that you never really know whether the market is valuing it as a precious, or an industrial metal.

Good Luck.

[davidslane]

You guys jixed gold and silver, asking about what the best silver companies are.

You marked the short term high.


I still predict gold at $1,050 and silver at $22 by the end of February on a mania run up.

But then be prepared for a nice sized pull back into the summer.


As for silver, my favorites are:
- AXU
- BCM.V
- EXK
- EXN.V
- FR.V
- FVI.V
- MVG
- PAAS
- SBB.V
- SLW
- SSRI
- SVM.TO

I don't like HL because their management sucks and they sabotage progress every 6 to 12 months with some bad news that knocks the stock back 25%.  But it does get some of the first wave of new money when silver starts to rally.

I don't like CDE because CDE is betting on future growth based on its San Bartolome project in Bolivia.  The home of Evo Morales, the socialist friend of Hugo Chavez.

There's a lot of political risk on the future of one of CDE's biggest silver property.

This is why CDE has lagged its peers since Morales took over.
CDE may rally with the price of silver, but if Morales announces some new taxes or nationalization plan, CDE could lose 40% in one day.