SSR Mining (SSRM.TO)

The chart is very similar to silver itself. The general trend has been bearish since 2011. There have been a series of lower highs and lower lows in the last year. There is no evidence of this point that it will break upwards through the trend line.

(A Top Pick Jan 24/14. Down 11.04%.) He really likes this story. 80% of silver production comes from a by-product from copper mines and from mines that are really shutting down. Pure silver plays are rare. Located in Argentina which is probably why the price has been hurt a little more, but it hasn’t hurt them in continuing to get money for further development in their Mexican and Peruvian mines.

This is his primary silver holding. It's a company that he really likes. Cost of production is really low and they continue to deliver. They have a mine being built in Mexico. Positioned extremely well to go forward.

(A Top Pick Aug 16/13. Up 9.81%.) Silver will have much more leverage than gold.

He is realigning his portfolio into the stocks that have the best performance. This one went from $5 to $14 and is now at $11. Thinks this is just beginning. Both 80% of silver production globally comes from a by-product of other mines. Pure silver producers are a rarity and this is one of the biggest in the world. Has a massive mine coming online in about 1.5 years in Mexico and Peru. This will bring them an extra 10,000,000 ounces a year. Current cost of production is about $9 an ounce.

(Market Call Minute.) Has basically doubled in the last several months. An asset rich company with some high cost ounces of production. He likes it.

While silver is not doing much, this one has broken out. This company is running on all 4 cylinders. The financial plan is fully implemented. Have been able to move all the cash they have needed to start 2 brand-new mines, one in Mexico and one in Peru. The Mexican one is producing 8.5 million ounces with an average cost of about $11. The new mine coming in is going to have 10 million more ounces coming in. Pure silver producers are hard to find and in future years this is going to prove to be a very nice investment for them.

This company is in production. Within 1.5 years their new mine kicks in and is going to bring 15 million new ounces a year. Right now they have 8 million ounces. Great leverage on the way up. A lot of people have been looking at this one negatively because they are in Argentina, but even so, they have been able to take all the money out to develop 2 mines, one in Peru and one in Mexico. Production costs are cheap.

Silver will follow gold longer term. A lot of short sellers have covered their positions in Silver. The next move up will surprise people. Buying more of this.

He needs to see how they handle the financing. Needs to see how they grow before being a buyer.

Really likes this company. Silver will take off when we see the final crumbling of global economics. As gold moves up, silver will follow. This one has 1 billion ounces of silver. Still buying and is quite happy to wait.

When looking at gold or silver stocks look at the lows of last summer and try to pick the stocks that have not taken out that low. This one has kind of held so he would favour it. As long as it holds this low, you should be fine. (See Top Picks.)

Have done a great job. They mine in Argentina. Record production this year. Good mine builders and operators. This is not a company-specific situation.

This is one of his top silver holdings because you are buying almost 1 billion ounces of silver at $.50 of silver on the ground. 2 more mines are coming into production. Ridiculously cheap.

Down today with most silver stocks. This one has been in a downtrend since mid-2011 and is just now starting to make a base. There is some reason to believe that there is a change in trend because the stock is now above its 40 week or 200 day moving average. This may come back to retest its recent lows of about $11.