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Comments on whether industrial demand down affecting silver price.
Seeker, I was looking to add a silver play into my portfolio while they were still beat down and cheap. SSVFF fits that description and I still like these guys. I don't like how illiquid the shares are though.
I would expect SSVFF to move later in the cycle too. Thanks for the heads up on CCWOF.
Not much talk about this one. Definitely not very liquid. The guy who suggested it, Gold Investment Letter, still recommends it but the silver play he is most excited about is CCWOF so I would recommend it before SSVFF. It should move sooner than SSVFF. SSV is so cheap if you want to wait as long as it takes it most likely will eventually give greater profits.
Here is His latest comments on both
Certain juniors are STUPIDLY valued and being sold down on low volume by small investors puking that can't afford to hold them or are panicking. Southern Silver (SSV/SSVFF) at .065?!, Bravada Gold (BVA/BGAVF) back at a nickel?!, Canada Cobalt Works (CCW/CCWOF) back to .30 with the highest grade new exciting silver discovery in the world.
I may be interested again... has anything changed with these guys? I see they are looking for more silver on their property in Mexico.
I watched the presentation the fellow gave at the end of last year at a conference. Does anyone ever talk about them being a buy-out/takeover candidate? I know there are other bigger players around their property in Mexico.
I may consider jumping back into this if the price gets a little cheaper and it should.
The only problem I recall from being in them before is it was kind of difficult to trade due to lack of liquidity in the shares. I doubt that's changed.
Quite interesting to see the disconnect of silver price on ebay (for instance) vs silver spot price. Looking at spot can be very depressing. BUT try and buy it online wherer 1 oz goes for mid $20s per oz.
Looking for best prices for physical silver?
https://findbullionprices.com/closest-to-spot/
Thanks good to see someone is interested
Someone picked up a large block this morning...
Thanks back at you sir ! Luckily I have a few funds available. Have a good one today....Bluetick
Thanks Bluetick, will keep it in mind. Currently fully invested and have no cash.
Consider 1911 Gold Corp. Producing, increasing reserves, Cash, greatly undervalued. Low risk and relatively unknown in market. They will be promoting this to deep pocket folks in next week or so.
Low shares and most shares in tight hands. Price believed to be near the bottom. ETC...
Hey Seeker and Ashy. I didn't know if either of you had looked at SLRRF for a little silver exposure too. I'm in around .08 cents. It runs very well with a little volumne ( as in yesterday ). 2012 kicked rear as an example. We seem to be the only ones here and I had meant to tell ya'll about it earlier but forgot until it's little run yesterday. I bought it back after it's 2011 2012 run up, in 2016. If I had waited just a little longer I could have gotten it way cheaper than I did. We will do well on the next silver run ! ....Bluetick
I picked up a little of this one this morning. Seems so cheap.
Glad I did because although the Gold Investment Letter had not spoken about SSVFF for a long time, low and behold he did mentioned it this afternoon as being very cheap play on silver and one to buy at these levels. So still a buy and hold recommendation. I was beginning to wonder if he would still recommend it. So that answers that concern.
Looking for silver to close above $18.60 then we may be off to higher levels for good. $19 then $20 then more.
see the presentation
About time they work on some market exposure. Their volume is so low.
NEWS: Southern Silver Retains Red Cloud Financial Services Inc. as Capital Markets Advisor
Southern Silver Exploration Corp. (the “Company”) reports that it has retained Red Cloud Financial Services Inc. (“Red Cloud”) to provide the Company with capital markets advisory services for a monthly fee and a transaction fee.
Red Cloud is a “new concept” capital markets advisory firm dedicated to the mining sector. It uses its global network of capital markets specialists and extensive experience in the many facets of the business to help companies identify alternative sources of capital and quality actionable growth/divestiture opportunities, and to generate and maintain important relationships with key investors. Red Cloud Financial Services Inc. is registered as an Exempt Market Dealer in all provinces of Canada, as well as the Yukon, and is subject to applicable securities regulation.
As part of Red Cloud’s engagement, it will be arranging a series of meetings in cities throughout North America for Company officials to present the Company to investors and analysts with initial meetings scheduled in February 2020 in Kelowna and Calgary followed by additional presentations internationally.
As well, Southern Silver will be coordinating with Red Cloud to provide on a timely basis, programs encompassing Social Media, Research and utilizing the Red Cloud TV and sales desk to bring further awareness and exposure to Southern Silver’s Cerro Las Minitas, Ag-Pb-Zn project in Durango, Mexico.
80% was bot higher. My average is .173.
I sure wish I was buying my holdings at this price. Wow really a great entry point.
Grabbed some on that dump, but I'm not sure we're done falling yet.
Nonstop selling here.
SSVFF news today..... https://www.southernsilverexploration.com/news/2020-18/southern-silver-increases-value-of-concentrates-in-locked-cycle-test-work/ ....Bluetick
Clive Maund »» Silver Market Update
By: Clive Maund | January 12, 2020
Silver’s recent rally looks diminutive and stunted compared to gold’s, but that’s normal at this early stage of a new bullmarket, when silver typically underperforms gold due to investors being risk inverse, with silver being perceived as more risky and volatile than gold. Nevertheless, as we can see on its latest 6-month chart, silver did manage to break out of its reactive downtrend in force from early September. Last week, at the time Iran lobbed missiles at US bases in Iraq it had a go at breaking above its late September highs, but was not up to the task and fell back, putting in a reversal candle on big volume, which suggests that it probably has further to fall short-term – perhaps back to the upper boundary of the downtrend channel shown, but with the overall tenor of this chart positive it should then turn higher again.
Wheeling out the 10-year chart once more, which gives us the big picture, we see that, although so far looking much more restrained than gold, silver appears to be ascending away from the 2nd low of a giant Double Bottom pattern. The advance out of the lows of last Summer was on good volume, that has driven both volume indicators quite strongly higher, which is bullish and marks a breakout drive out of the base pattern, with a completed breakout being signaled by silver breaking above the resistance approaching and at $22. A break above this level will usher in a period of much more dynamic advance.
The latest COT chart shows that Commercial short and Large Spec long positions are still at fairly extreme levels, which makes more corrective action over the near-term likely…
Conclusion: although last week’s reversal candle and the current rather extreme COT readings make short-term weakness likely, perhaps to the upper boundary of the Fall downtrend, the overall picture for silver is favorable, with it readying to break out of a giant 5-year plus base pattern to follow gold higher. Marked acceleration is likely to follow a breakout above the $22 level.
Read Full Story »»»
I see what you mean. Certainly could have a negative impact. Hoping all goes well.
I did like this part ---- Last year, analysis by BMI Research – a London-based research firm – predicted that Mexico’s mining industry was set to enjoy one of the fastest recoveries in Latin America due to the “strong price performance of its key commodities, gold, silver and zinc, along with a strong pipeline of projects.”
Howdy gentlemen. I think that our biggest problem here is the Mexican government themselves, I have been in this stock for several years and adding on dips. I saw this article last year but didn't sell. I figured it would affect the Mexican mining stocks. Here is the article. Pay special attention to the New President part.... https://www.mining-technology.com/features/turning-around-mexicos-mining-meltdown/ .....I am very long here because of the coming inflation, monetary reset, or whatever is in the future here in the U.S.A. I have patience and this will eventually take off. I love the potential here. ...Bluetick
ashy have you seen CCWOF? It is a very promising silver play.
I picked up some back in Nov. and it is up 89% since then. Gold Investment Letter guy who recommends SSV is very excited about CCWOF. It may be one of the best plays for silver.
Nice price. I am sure you will not regret it. Only question, How long?
So puzzling.
Nice to see silver (and gold) spiking. I hope our PM stocks respond well to this move. Could be a very exciting day Monday.
I do not think they are that far along. I see no plans in 2020 or beyond. Their goals seem to remain exporation/discovery only
Southern Silver is emerging as a premier Ag-Pb-Zn company in Mexico with a robust project and a focus on increasing its value through advanced exploration and development with a financially sound and technically talented mine building partner.
Time will tell what Mine building partner means and when. But I am not expecting anything soon.
Been thinking about adding here. Any idea when they will start producing?
SSVFF's price is a joke and very disappointing. But I will continue the wait as long as necessary. Silver and SSV will see its day. I think it will be 2020.
well IMO it is undervalued here. Hope it gets some traction next year. It should.
Ditto! Have a safe and happy new year!
Also, chart is showing an obvious top here. Sure hope we hold the 50MA around .19.
Ashy enjoyed our conversations this year. God Bless and Happy New Year.
Agreed. Just can't get off the ground.
I am surprised at today's volume with so little price change.
Happy New year everyone.
SILVER is Incredibly Undervalued - In Gold We Trust Part 8 - Mike Maloney & Ronnie Stoeferle
Finally some positive movement.
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Southern Silver’s growth strategy is to focus on the development of quality assets, in significant mineralized trends, close to infrastructure. With this in mind, the Company is engaged in the acquisition, exploration and development of high-grade precious/base metals properties within North America. The high exploration potential of Southern Silver’s projects combined with a low market capitalization, a commitment to the joint venture business model and low operating costs create an excellent opportunity for future corporate growth and an increase in shareholder value.
Southern Silver continues to advance their flagship Cerro Las Minitas silver-lead-zinc property located in Durango State, Mexico. At over 340 square kilometers in size, the project features a large land position within the prolific Faja de Plata (Belt of Silver) of northern Mexico, with historic production and resources of over three billion ounces of silver and additional potential for future “world class” discoveries.
On May 9th, 2019, an updated resource was announced of 37.5Mozs Ag, 303Mlbs Pb and 897Mlbs Zn (134Mozs AgEq; 2.0Blbs ZnEq) Indicated and 45.7Mozs Ag, 253Mlbs Pb and 796Mlbs Zn (138Mozs AgEq; 2.0Blbs ZnEq) Inferred.(1) Click here for the full summary table and here for the full report. This works out to an approximate exploration cost of $0.07 per oz of silver equivalent in the ground, suggesting a fast and cost-effective upside potential which the company plans to pursue in the coming years.
The Company also continues to advance the Oro property, New Mexico, USA. This 100% owned 2,237 hectare, gold, silver, copper, lead and zinc property features a classic porphyry zonation over a 6 square kilometer area within the highly prospective Laramide Porphyry belt of the southern USA. Southern Silver is actively seeking a partner to finance further exploration on this property.
https://www.southernsilverexploration.com/
Analyst Report
https://www.caesarsreport.com/blog/saturday-read-southern-silver-boosts-cerro-las-minitas-resource-to-272m-oz-ageq/
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