EDRPer Bob Moriarty
Two weeks ago I wrote up Endeavour Gold (EDR $1.80 Canadian Market cap of about $18 million) Everything I said is still true and the company is still cheap. You should be looking for small juniors (small in market cap) which are soon going into production. Those are the highly leveraged companies which will gain the most benefit from soaring gold and silver prices.
I am a little nervous at the price of silver stocks across the board. I wrote up SSRI when it was about $2 and now it's up 650%. Silver stocks have a lot of risk which they didn't have two years ago. That said, silver is one of those commodities which can double in a month. If investors in silver stocks are reading the market correctly, silver is about to blast off. If they are reading it incorrectly, there is a lot of risk in silver stocks at today's prices. EDR allows an investor to buy a silver producer which is both highly leveraged to the price of silver but has a far lower price of silver in the ground than all the other silver stocks. It seems to me that's the best of all worlds, lower risk and higher potential.