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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 11, 2012 4:12am
174 Views
Post# 20586024

RE: RE: RE: RE: RE: RE: RE: RE: RE: Time to sell s

RE: RE: RE: RE: RE: RE: RE: RE: RE: Time to sell s

Whether they seem they have much going for them, the fact is that the fiscal cliff senario will bring about a deflationary measure.  With US dollars becoming bullish as a result of fear in the market as the stock market plummets, commodities will be the first to tank hard.  You will also see that hedge funds will have to sell precious metals to respond to margin calls.  I feel that Pan American Silver has seen the top for this year, and my target price to short is $17.50 at the very least, but I am thinking it will go down much lower.  Pan American Silver being a mining company will lag and underperform even if silver did rise, as you can see.  Pan American Silver fell over 10% in a week, and it has further to correct.  Kade1, I want you to sell off your Pan Amercan Silver and short. If you are afraid, sell the stock and sit on your hands so at least you wont lose your short on the wrong side of the trade.

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