Comments on: Short Apex Silver Mines (SIL) as Metals Slide

By: chuck

chuck — Fri, 07 Nov 2008 04:09:31 +0000

This author is crazy by recommending shorting a stock at incredible low price. From the price range, I would say if the author is smart, he would short at mid 20th, but no way should be now at one dollar fifty cents. Man, he is a complete idiot.

BTW, let me clarify some fact about SIL for you. SIL is one of the few zinc and lead miners that benefits from a DROP in the price of those metals right now. WHY? Because SIL was forced by bankers to hedge those metals at rates killing SIL as the metals soared.low lead and zinc prices help SIl right now — possibly to the tune of tens of millions of dollars (maybe more)

Second, silver is holding up and went back over $10 today in NYC. It is after all a hedge against inflation and crazy times. SIL is not hedged on their silver production, so they can bask in these prices.

If I had shorted this under $5, then I would get out now. Some time soon this stock will run. The shorts from $15 have more time, though time will be money when SIL runs.

By: Hal P.

Hal P. — Fri, 17 Oct 2008 15:04:14 +0000

The precious metals are sure seeing a plunge today. Silver and platinum are at they’re lowest in the last year. I think a lot of the blame lies in the hedge market. I’m watching these markets today with the widget ExactPrice and I couldn’t believe what the steep decline they took at the opening of today. There’s so much “paper” gold and silver flying around that should someone actually try to collect on delivery there would be some major scrambling and fighting going on.

Of course platinum is probably so low in part because of the mining stocks and the auto maker woes.

With the low though of silver and gold i’m thinking it’s a good time to invest a little in some actual coins.

By: alpa

alpa — Thu, 16 Oct 2008 20:56:31 +0000

Wrong definituvely wrong.

Hedge of zinc production could be bought back as price got down…

As Soros was out it was at higher price (15), here this share is a buy as silver price will skyrocket soon.

Manipulation of gold and silver have failed as etf buying is on the rise, investors are not liquidating there etf, they are buying..

This article seem more to be intox to allow short seller to buy back their short..

Volumes are here somebody is definitively BUYING the share here.

A one shot to 3$ is not impossible.

A counter short sselling is then possible, Buy and put sell order higher, then buy back and so

we will defeat this manipulation..