First Majestic Silver (AG.TO)

As long as the economy remains as strong as it is, then these stocks will be okay. Unfortunately it does not have any fair market value left in it so you have to have more bullion pricing there. We have to wait for the Fed to stimulate the economy.

The information on the chart for 2016 is very disturbing. It had a sharp selloff after its big rally, with a very poor recovery. He would stay away.

He does not specifically follow this one but the first one he would look at would be SLW-T. He thinks of silver with the trend being dominated by gold and it would be a bit better in a good economic period. In the short term we are not looking good for a rate increase and it will look better in the wedding demand period in the spring.

His suspicion is that all the smaller silver stocks are ahead of themselves. Because of its liquidity, his inclination is to employ trailing stops if you own it. If you like the junior sector, you might be well advised at this point to be in a silver or small gold miner ETF, so that liquidity can be spread across the number of names.

This is silver, and almost exclusively focused on Mexico. You have to have a view on silver. His view is pretty agnostic between silver and gold. They both should be driven by these monetary fears that are driving precious metals at the moment. In silver, he sees more supply growth in the next few years, which means demand is going to have to really step up to take that supply in without the price going down. He sees better supply/demand fundamentals in gold. Also, silver producers are typically way more expensive than gold producers, typically trading at a 50% premium. In silver, this company would be at the very, very expensive end of the spectrum.

Silver has been outperforming gold to a degree. Also, silver is a commercial product as well as a precious metal. If you want to be a little risky and take a shot, it is worth a try.

Likes the stock a lot and has a much higher target in the $30 range. You are going to have to deal with the volatility. Chart shows a long base from July to February, and then it took off on an upward trend. Any time you see a drop in this, it is probably a very good purchase. It is heavy duty volatility.

Chart shows a long downtrend and you want to watch for a break away gap, which he thinks it has had. The exhaustion gap occurs at the end of the move with big volume, opening higher followed by a huge volume and then closes unchanged or lower. He would prefer to see this on a weekly basis rather than the daily one.

To him this is a top in silver companies. He is quite happy to hold on right now.

(Market Call Minute.) Everything in the commodity space is rallying like crazy, so sell them.

We have a downtrend from 2014 and then a break. It is a double from here. There was a bear trap in February. We got through some resistance from a last August level.

A Mexican producer. He likes this company and he likes the space. They are doing a takeover of Silvercrest (SVL-T). He likes companies that do takeovers when the sector is out of favour. This is on his Stock Watch list.

Has performed very well. High quality management team and good assets. If the Silver price does well, FR-T should do better. It has become a brand amongst silver speculators.

(A Top Pick July 18/13. Down 6.85%.) Tarnished. This is a fine company. Has about 5 mines in the main silver belt in Mexico.

(A Top Pick July 18/13. Down 26.85%.) Admires management, and thinks they have a tremendous operation. They have a string of mines in Mexico. If you own, continue to Hold.