John Stephenson SSR Mining SSRM-T DON'T BUY Mar 07, 2017

Will benefit from season strength from Silver. It should go higher from here to October. This stock is a little different so may not go exactly with other silver stocks. Technically you have to like the stock right now.

Silver has outperformed gold year to date, 50% versus 30% in terms of upside. He prefers to play silver through Silver Wheaton (SLW-T) giving a lower risk torque.

Stock or bullion?The whole precious metals sector has been out of favour. If going into this, he would be more inclined to take the stock over bullion because of the leverage. This company has multiple mines.

Really not a silver company anymore. In the last 18 months, they have managed to convert from a higher geopolitical risk asset base in Argentina, to one that bought a gold company Marigold and Claude Resources. It is much more exposed to gold and silver now.

We are in the period of seasonal strength for gold and it gives rise to sliver. The time to purchase silver is mid December to end of February. That is because it is an industrial metal. They are resisting at the top end of the descending trend line. It is getting enticing, but he would still wait.

It's really hard to find a silver deposit, so that's probably why they moved away from silver operations.

It stopped being a silver play a year ago. As they've made acquisitions, they've shifted from South American silver to North American gold. If gold pops, this stock could generate a lot of free cash flow.