GOLDBUGS AMEX Goldbugs Index (GOLD)

[ItsAllCyclical]

CDE

http://www.cnn.com/2005/WORLD/americas/12/18/bolivia.election.ap.ap/index.html

I've been light on this one since learning about the upcoming election and I've been out completely for the past 2 weeks or so. For those who don't follow it much of CDE's reserves and most of their future growth lies in Bolivia. FWIW.

Still has the potential to be a good trader from time to time due to it's liquidity and leverage, but won't be taking a larger position till this issue is resolved.

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From an earlier post I did on SI. W/respect to Bolivia the danger obviously lies in the possibility that CDE will become another KRY/GRZ. Now granted they're a multi-mine company, but much of the value is tied up in Bolivia imho. Now the odds are probably low, but if the new President even hits at the possibility as Chavez did then CDE gets a 50% haircut instantly. Not worth messing with in my opinion. MGN is fundamentally cheap and the mine was permitted once before, but obviously there's still permitting risk and it's a ways off before production. PAAS looks expensive, but safe. WTZ looks interesting, but not as liquid. GRS is actually a good silver play as well, but getting more fully valued ST of late although still cheap compared to others. Probably have the most MGN at the moment in the silver category.