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Pan American Silver Corp T.PAAS

Alternate Symbol(s):  PAAS

Pan American Silver Corp. is a Canada-based producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. The Company is engaged in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company also owns the Escobal mine in Guatemala that is currently not operating. In addition, the Company is exploring new silver and gold deposits and opportunities throughout the Americas. Its segments include Silver, Gold and Other. Its Silver Segment includes La Colorada, Cerro Moro, Escobal, Huaron and San Vicente. Its Gold segment includes Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. Its Other segment includes Pas Corp, Yamana Corp and other.


TSX:PAAS - Post by User

Bullboard Posts
Comment by Umpatanon Nov 07, 2012 8:28am
121 Views
Post# 20571007

RE: RE: RE: RE: RE: Time to sell short Pan America

RE: RE: RE: RE: RE: Time to sell short Pan America

Yes I did, and I see that Pan American Silver failed to participate in the sharp rally.  This stock is clearly underperforming any sharp rallies but quick to fall hard on any minor pullback.  Thus, it is safe to be on the short side of the trade on this stock regardless of wether precious metals goes higher, as the trend is still down.  The fiscal cliff phenomena and european problems will also trigger a deflationary pulse, and gold and silver stocks will fall hard along with the rest of the commodity prices.

Bullboard Posts

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