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Monday, 01/16/2012 11:24:09 PM

Monday, January 16, 2012 11:24:09 PM

Post# of 35738
Most oversold silver producers.

USA.TO/USSIF.pk and SSO.TO/SSRI.nasd are the most oversold silver producers on my watch. The former (US Silver) has not recovered at all, so looks like a good trade at this point, although the chart could be saying that investors are fed up with their high cash costs in the $16-$18 oz range.

US Silver is the second largest silver producer in the U.S., producing at an annualized rate of ~2.4M Oz. They were upgraded to the TSX this year, and were talking about an AMEX upgrade as well, though that obviously has not happened yet. If you check, I would expect Sprott (surprise, surprise) to be the largest shareholder, as they were buying throughout the summer, although I have not checked in in a while.

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