I agree with you on iamgold. that is tremendous. prob a better play than SLW.
Nonetheless, SLW is a strong company. I think that silver will rocket up in 2009 and SLW will be a steal at these prices.
I could be wrong though, and I think your idea is a conservative but strong play, too.
The question I have is this: the dollar is not fundamentally strong, but is strong in the short term as the fear feads its purchase and as the credit supply has dried up. BUt when the credit is loosened again, I think the dollar will be in for a long long fall, and this will be very scary and dangerous. More scary than these wild movements on wall street. It will be very hard to guess who will win and who will lose.... but I would bet that silver and gold will rocket up. Silver most of all.