ssri posts
FeedPosted Oct 8th 2009 9:30AM by Steven Halpern (RSS feed)
Filed under: International markets, Venezuela, Newsletters, Mexico, Canada, Commodities, Stocks to Buy
"Silver Standard Resources (NASDAQ: SSRI) has set a new standard for silver resources; simply put, its boasts the largest published in-ground silver resource of any publicly-traded silver company," says mining stock specialist Brien Lundin.
In The Gold Newsetter he adds, "We were fortunate over the years that the great idea behind this company was combined with a great management team, as CEO Bob Quartermain is among the best in the business."
"Silver Standard has 1.127 billion ounces in measured and indicated resources, plus another 195 million ounces in proven and probable reserves, and another 456 million ounces in inferred resources.
"Its resources come from a portfolio of properties spanning the globe from Argentina, Peru, and Mexico, to Canada, Chile, the US and Australia. Now the companyis making the transition to production with aggressive development programs on five core properties.
Continue reading Silver Standard (SSRI) sets the standard in silver mining
Posted Mar 4th 2008 1:12PM by Steven Halpern (RSS feed)
Filed under: International markets, Newsletters, Mexico, Canada, , Commodities, Stocks to Buy
"I think an excellent way to profit from higher silver prices is to buy Silver Standard Resources (NASDAQ: SSRI)," says Jim Powell in Growth Stock Alert. Here's his new buy.
"Unlike gold mining companies, of which there are dozens, there are only five major publicly-traded silver producers. The limited number of investment options concentrates Wall Street's interest when silver is hot, and can send prices sharply up.
"Silver Standard controls the world's largest published in-ground silver resources of any publicly-traded silver company. The company has properties in Argentina, Mexico, Chile, Peru, Canada, the U.S. and Australia. All
properties have either been purchased (a rarity in the mining industry) or optioned at a fraction of the current
silver price.
"In an industry where most silver is found as a by-product from mining other metals, it is also significant that the company's output is approximately 72% silver. The remaining metals produced are gold, tin, zinc, copper and lead - none of which is more than 8% of the total output.
"Silver Standard's status as a pure-play further concentrates interest in the company when silver is in the spotlight. Silver Standard is also leveraged by the high cost of extracting the metal.
"Once silver prices cross the breakeven point, nearly every dollar goes to profits. Silver Standard must be considered speculative. But if you are willing to accept the risk, and a probable roller coaster ride, the stock could be very rewarding."
Each day, Steven Halpern's TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation's leading financial newsletter advisors.
Posted Nov 11th 2007 2:10PM by Steven Halpern (RSS feed)
Filed under: Commodities, Stocks to Buy
This article is part of a 20 article special report on "Metals, miners and money".
"When building a portfolio of junior mining stocks, stick with the best -- not just the cheapest," says money manager and advisor Adrian Day in his industry-leading The Global Analyst.
Although he is cautious on gold prices for the near term, Adrian Day suggests, "Gold is still only part way through its current bull move, one that likely still has years to run." Here, he looks at five favorite top-quality junior miners.
"Gold has had an extraordinary run, based partly on the decline in the dollar, which appears overdone in the short term. The fundamentals for a weaker dollar and for a stronger gold price remain intact, but I would be cautious about chasing markets now, especially the seniors.
"But it would be a mistake to sell too much, particularly in an attempt to trade the market and buy back precisely the same stocks at lower prices. Such attempts often end badly, as one fails to buy back favorite companies after selling at perhaps intermediate tops.
Continue reading Top resource ideas: Adrian Day 'sticks with the best'
Posted Nov 11th 2007 1:10PM by Steven Halpern (RSS feed)
Filed under: Newsletters, Canada, , , Commodities, Stocks to Buy
This article is part of a 20 article special report on "Metals, miners and money".
"Gold is a beneficiary of lower interest rates," says Daniel Frishberg, host of BizRadio and editor of The MoneyMan Gold & Oil Report.
He explains, "Gold has closed at his highest level in three decades. The precious metals market senses inflation is higher and economic growth slower than the official government numbers.
"With the price of oil at a record high and food inflation in a double digit zooming up, government statisticians will have us believe third quarter inflation was only 0.8%, the lowest level in 40 years.
"The gold market is not buying the government numbers. Regardless of what Federal Reserve Chairman Bernanke says about containing inflationary pressures or what Treasury Secretary Paulson says about supporting a strong dollar policy, the U.S. dollar is being sacrificed to save the banking industry and prevent an economic slowdown and/or housing market collapse or even a recession.
Continue reading Top resource ideas: Frishberg's favorites in precious metals
Posted Nov 10th 2007 4:10PM by Steven Halpern (RSS feed)
Filed under: Newsletters, , , Commodities, Stocks to Buy
This article is part of a 20 article special report on "Metals, miners and money".
"Gold's recent move to a new highs clearly reinforces that the metal's six year bull market is alive and well," say leading resources experts Mary Anne and Pamela Aden.
In The Aden Forecast, the sisters -- who have accurately forecast the bull market since its start in 2001 -- explain why they believe this upmove is part of a mega-trend that will last for many years to come.
"As the dollar falls further, gold will continue to head higher. And the unprecedented trade deficit nearly guarantees that the dollar will continue to slide. Lower U.S. interest rates reinforce this as well, and again that'll be good for gold.
"Meanwhile, U.S. dependence on foreign oil and the record high oil price means the trade deficit is going to stay huge. It'll also contribute to inflation by keeping upward pressure on consumer prices.
"So in a way, it's a vicious circle that goes something like this: high oil = large trade deficits = a weak dollar and high inflation. Spending and money creation = inflation, which all = higher gold.
Continue reading Top resource ideas: Gold and silver from the Aden sisters
Posted Sep 6th 2007 9:15AM by Steven Halpern (RSS feed)
Filed under: Newsletters, Goldcorp Inc (GG), , , Bargain stocks, Commodities, Stocks to Buy
"This is a great time to be buying in the gold and silver area," says resources expert Adrian Day. In his Global Analyst newsletter, the money manager and advisor explains, "We are focusing on quality companies in the junior resource sector, following what is traditionally the weak summer period for gold prices."
One favorite of the advisor is Gold Fields (NYSE: GFI), which he notes has a strong balance sheet and long-term reserves. He points out that the stock has been held down as would-be acquirer Harmony sells shares.
In addition, he states, "Goldcorp (NYSE: GG) is one of the strong balance sheets, highest growth outlook, more favorable country risk profiles among the senior miners."
Among silver companies, he says, "Silver Standard Resources (NASDAQ: SSRI) has a strong balance sheet (even allowing for a problem in some commercial paper it holds) of C$242 million, including bullion.
Continue reading Adrian Day: Top buys in gold and silver
Posted Aug 14th 2007 6:50PM by Victoria Erhart (RSS feed)
Filed under: Earnings reports, Bad news, Press releases,
Gold is up, silver is up, titanium is up, uranium is way up. What is up with Silver Standard Resources Inc. (NASDAQ: SSRI) that its 2Q 2007 earnings were not earnings at all, but in fact a $5 million (Canadian) loss? 2006 was not an especially good year for Silver Standard, yet in 2Q 2006 the company managed to show a $16.5 million (Canadian) profit. Losses for the first half of 2007 total $6.5 million (Canadian), with the bulk of that loss coming in the second quarter. In the first half of 2006, the company posted earnings of $15.4 million (Canadian). The company is currently digging itself into a deep hole.
Sometimes a company reveals move by what it does not say in a press release. That is the case with the 2Q 2007 earnings press release, which does not include a Management Discussion and Analysis section. The press release mistakenly refers to Financial Highlights for the quarter, of which there were none. Yet the company's balance sheet is still strong. Silver Standard has $230 million (Canadian) in working assets, plus inventory of silver bullion worth $10 million (Canadian) at current market values. The company carries NO long term debt, so it is not time for investors to run for the exits. Patient investors may yet be rewarded. Silver Standard is ramping up operations on a number of fronts in Argentina, Peru, Mexico, Canada and Nevada. All these early stage projects require huge outlays of capital before they produce significant returns on investment. If by mid-2008, Silver Standard cannot produce some better news for investors, then it might be time to measure the opportunity cost of continuing to hold on to this investment.
The stock closed at $34.50 (U.S.) today, down $1.50.
Posted Mar 2nd 2007 11:45AM by Steven Halpern (RSS feed)
Filed under: India, China, Russia, Newsletters, ,
With gold turning down from its recent highs, some have questioned whether the 6-year bull market in metals may be ending. According to Mary Anne and Pamela Aden, the evidence points to the opposite conclusion. Indeed, they note, "Gold and silver have everything going for them and their rises have a lot further to go."
Here, the resource experts and co-editors of The Aden Forecast explain the six key factors they see that are pointing to higher metals prices.
The first two reasons are spending and money. They explain, "The world is swimming in money and that's the fuel that's been driving money assets and commodity prices up. But the magnitude of what's currently happening has never been seen before in world history."
The Adens points out that the U.S. is the world's largest debtor nation and "the government keeps spending money it doesn't have."
Since the government doesn't want to cut spending or raise taxes to reduce its debt, they note, "It simply produces money to cover its expenses, which is what governments throughout history have always done, and this amount is also huge."
In fact, in just over the past year, they observe, the amount of paper dollars that've been created is equal to half the value of all the gold that's ever been produced worldwide over the past 2,000 years, which is about $2 trillion. And it's not just the U.S. "Other countries are pumping out money like mad too. In Europe, for instance, money has been growing at the fastest rate in 17 years."
Continue reading The six reasons to own gold and silver