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Precious Metals
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Re: 52 Week High For Silver Wheaton-Hits $27.07That's GREAT... but please don't get caught up in AmericanCantMan 's trap... sure he's done well - but how has he done relatively? For those that have been on here - they'll know I'm bullish on the metals - and even more bullish on the equities... there's money to be made in the markets! If you're bullish on the commodity - you should be focused on high beta names - those with operating and financial leverage... I was preaching this more than a month ago. Here's how most silver operators have done - SLW has costs that are at $5 per ounce... that's not much better than holding silver bullion in terms of leverage to price. Others have costs north of $10 and even $15 per ounce (CDE)... that's WHAT YOU WANT in a bullish market. See the hard evidence below... showing returns year-to-date. Don't worry - AmericanCanMan won't have a view on this - he can sit and collect his very nice divy cheques while we're out making doubles and triples in capital gains. Fun |
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