EXK - Sector: Basic Materials---Industry: Silver

[setravis]

Profile:

Endeavour Silver Corp.
700 West Pender Street
Suite 301
Vancouver, BC V6C 1G8
Canada - Map
Phone: 604-685-9775
Fax: 604-685-9744
Website: http://www.edrsilver.com

Details  
Index Membership: N/A
Sector: Basic Materials
Industry: Silver
Full Time Employees: 760


Business Summary  

Endeavour Silver Corp., together with its subsidiaries, engages in the evaluation, acquisition, exploration, development, and exploitation of mineral properties, primarily silver in Mexico. It produces silver and gold from its underground mines at the Guanacevi mines project located in the state of Durango; and the Guanajuato mines project located in the state of Guanajuato. The company was formerly known as Endeavour Gold Corp. and changed its name to Endeavour Silver Corp. in September 2004. Endeavour Silver Corp. was founded in 1981 and is based in Vancouver, Canada.

[setravis]

Silver Going up...
Endeavour is becoming a senior player in the growth area of silver metal.
Waiting for the institutions to "discover" it.
BreakOut confirmation with no resistance above to higher high.

Day's Range: 6.60 - 6.85
52wk Range: 2.86 - 6.85
Volume: 2,318,229
Avg Vol (3m): 1,267,020
Market Cap: 479.95M
P/E (ttm): 91.89
EPS (ttm): 0.07
Div & Yield: N/A (N/A)

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
10.72%above 13-day EMA
27.57%above 50-day EMA
RS Rating: N/A


People viewing EXK also viewed:
HL SVM SLW SSRI PAAS CDE


Here are the 6 month, 1 year, 2 year and 3 year charts...

[setravis]

Endeavour Silver Discovers Swarm of New High Grade Gold-Silver Veins Near Lucero-Karina Veins at the Guanajuato Mine, Guanajuato, Mexico

Press Release Source: Endeavour Silver Corp. On Tuesday November 23, 2010, 9:52 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 11/23/10) - Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announces that exploration drilling south of the Bolanitos mine, part of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico, has discovered a swarm of new high grade, gold-silver veins near the currently producing Lucero vein and the recently discovered Karina and Fernanda veins.

Drill hole KA-15 intersected 14 separate mineralized veins, including a large new vein called the Daniela Vein, which assayed 7.14 grams per tonne (gpt) gold and 179 gpt silver over a 9.10 meter (m) core length (15.6 oz per ton (opT) silver equivalents over 29.9 feet assuming 100% metallurgical recovery). Another vein intercept returned 49.6 gpt gold and 349 gpt silver over a 0.61 m core length (82.5 opT silver equivalents over 2.0 feet assuming 100% metallurgical recovery). Further drilling is underway around this hole to obtain more intersections so that the orientation of this vein can be determined and therefore the true width.

Barry Devlin, Vice President Exploration for Endeavour, commented: "Our exploration drilling at Guanajuato continues to discover new veins carrying high grade, gold-silver mineralization over mineable widths. The latest vein swarm, which includes the robust new Daniela vein, lies in the footwall of the Karina and Fernanda vein, which were discovered only a couple of months ago."

"These new vein discoveries carry higher gold grades, in some cases much higher gold grades, compared to other veins in the district. We now have three drill rigs working in Guanajuato to try and delineate the extents of our new finds, and we still have multiple drill targets yet to test. As a result of our recent exploration successes, management is considering a major mine and plant expansion for Guanajuato in 2011."

Barry Devlin, M.Sc., P. Geo., Vice President Exploration, is the Qualified Person who reviewed this news release and supervised the drilling program at Guanajuato. A Quality Control sampling program of reference standards, blanks and duplicates has been instituted to monitor the integrity of all assay results. All samples are split at the Guanajuato field office and shipped to ALS-Chemex Labs, where they are dried, crushed, split and 50 gram pulp samples are prepared for analysis. Gold and silver are determined by fire assay with an atomic absorption (AA) finish and lead, zinc and copper are determined by AA.

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of growing silver production and resources. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

ENDEAVOUR SILVER CORP.

BRADFORD COOKE, Chairman and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information herein include, but are not limited to, statements regarding Endeavour's anticipated performance in 2010 and 2011, silver and gold production, and timing and expenditures to develop new silver mines and mineralized zones. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Endeavour and its operations to be materially different from those expressed or implied by such statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information.

Contact:
Contacts:Endeavour Silver Corp.Hugh ClarkeToll free: 877-685-9775 or (604) 685-9775(604) 685-9744 (FAX)[email protected]

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Endeavour Silver Confirms Amended Offer for Cream Minerals of $0.14 per Share, Payable in Cash or Endeavour Shares, Open for Acceptance Until 2:00 pm (Pacific Time) on December 6, 2010

Press Release Source: Endeavour Silver Corp. On Friday November 19, 2010, 1:52 pm EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 11/19/10) - Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) ("Endeavour") confirms that on November 18, 2010 it gave notice to Valiant Trust Company, the depositary for Endeavour's offer ("Offer") to acquire all of the outstanding common shares ("Cream Shares") of Cream Minerals Ltd. ("Cream"), of Endeavour's Notice of Change, Variation and Extension dated November 18, 2010 (the "Notice of Variation"). The Notice of Variation has been filed on SEDAR at www.sedar.com and will be mailed to all Cream shareholders, along with an amended Letter of Transmittal and an amended Notice of Guaranteed Delivery.

Pursuant to the Notice of Variation, Endeavour improved its offer to purchase all of the Cream Shares on the revised basis of, at the election of each Shareholder:

(a) Cdn$0.14 in cash per Cream Share (the "Cash Election"); or

(b) 0.02575 of a common share of Endeavour ("Endeavour Share") per Cream Share (the "Share Election")

The Share Election - The exchange ratio for the Share Election is based upon the 10-day volume weighted average price ("VWAP") of the Endeavour Shares at the close of trading on the Toronto Stock Exchange ("TSX") on November 8, 2010, the date of the notice of change and extension pursuant to which the Cream shareholders were first notified of the proposed variations to the Offer, which average price was Cdn$5.4363. The exchange ratio is intended to value the consideration under the Share Election at the equivalent of Cdn$0.14 per Cream Share. The 10-day VWAP of the Endeavour Shares at the close of trading on the TSX on the last trading day prior to the date of the Notice of Variation was Cdn$6.0815 per Endeavour Share, which imputes a value of Cdn.$0.1566 per Cream Share.

The Cash Election - The increased offer price of Cdn$0.14 per Cream Share under the Offer represents a premium of 105% over the average closing price of the Shares of Cdn$0.068 for the ten trading days ended September 24, 2010 (the last trading day prior to the announcement of the initial Offer), a premium of 86% over the closing trading price of Cdn$0.075 per Share on September 24, 2010, and a premium of 27% over the closing price of Cdn$0.11 per Share on November 8, 2010.

The Offer is open for acceptance by Cream shareholders until 2:00 p.m. (Pacific time) on Monday, December 6, 2010, unless the Offer is extended or withdrawn by Endeavour.

Cream shareholders who have validly deposited and not withdrawn their Cream Shares under the Offer do not need to take further action to accept the Offer for the Cash Election and will automatically be entitled to receive under the Offer the increased consideration of Cdn$0.14 per Share pursuant to the Cash Election. Such Shareholders will, however, have the opportunity to elect the Share Election as described in the Notice of Change, Variation and Extension.

Investors may obtain a copy of the Circular, the Notice of Variation and other documents filed by Endeavour with the Canadian securities regulators at www.sedar.com. The Circular, the Notice of Variation and other documents may also be obtained by contacting the information agent, Laurel Hill Advisory Group, toll free at 1-877-304-0211 or by email at [email protected], or from Endeavour's website www.edrsilver.com or by directing their request to Endeavour by telephone at (604) 685-9775 or by fax at (604) 685-9744.

Shareholders in the United States should be aware that that the Offer is being made for the outstanding securities of a Canadian issuer and the Circular, Notice of Variation and other documents filed by Endeavour with Canadian securities regulators relating to the Offer have been prepared in accordance with disclosure requirements in Canada. Such disclosure requirements are different than those of the United States. The Offer is being made in the United States pursuant to an exemption from U.S. tender offer rules provided by Rule 14d-1(c) promulgated under the U.S. Securities Exchange Act of 1934, as amended. Endeavour has filed with the United States Securities and Exchange Commission on Forms CB and CB/A the Circular, Notice of Variation and other documents filed by Endeavour with Canadian securities regulators relating to the Offer. These filings are available at www.sec.gov.

The Endeavour Shares to be issued pursuant to the Offer will be unregistered "restricted securities" within the meaning of Rule 144 under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") to the same extent and proportion that the Shares exchanged by Shareholders pursuant to the Offer were restricted securities. In addition, the U.S. Securities Act imposes restrictions on the resale of the Endeavour Shares received pursuant to the Offer by persons who are "affiliates" of Endeavour after the effective date of the proposed business combination or who are "affiliates" of Endeavour at the time the business combination is submitted to a vote.

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of aggressive silver production, reserve and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

ENDEAVOUR SILVER CORP.

Bradford Cooke, Chairman and CEO

Contact:
Contacts:Endeavour Silver Corp.Hugh ClarkeToll free: 877-685-9775 or (604) 685-9775(604) 685-9744 (FAX)[email protected]

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Cream Board of Directors Recommends Acceptance of Amended Endeavour Offer
Endeavour Reminds Cream Shareholders of Deadline (2pm, December 6) to Accept the Amended Offer

Press Release Source: Endeavour Silver Corp. On Wednesday December 1, 2010, 12:00 pm EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 12/01/10) - Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announced on November 19, 2010 an amended offer ("Amended Offer") to purchase all of the outstanding common shares ("Cream Shares") of Cream Minerals Ltd. ("Cream") on the following basis:

a. Cdn.$0.14 in cash per Cream Share; or

b. 0.02575 of a common share of Endeavour per Cream Share.


---------------------------------------------------------------------------- THE OFFER IS OPEN FOR ACCEPTANCE UNTIL 2:00 P.M. (PACIFIC TIME) ON DECEMBER                                  6, 2010.--------------------------------------------------------------------------------------------------------------------------------------------------------  CREAM SHAREHOLDERS ARE URGED TO TENDER THEIR SHARES TO THE AMENDED OFFER                               WITHOUT DELAY.-------------------------------------------------------------------------------------------------------------------------------------------------------- IN THE EVENT THE "MINIMUM TENDER CONDITION" OF AT LEAST 50.1% OF THE CREAMSHARES BEING TENDERED BY THE EXPIRY OF THE AMENDED OFFER ON DECEMBER 6, 2010 IS NOT MET, THERE IS NO ASSURANCE THAT THE AMENDED OFFER WILL BE EXTENDED,              IN WHICH EVENT THE AMENDED OFFER WILL TERMINATE.----------------------------------------------------------------------------
On November 23, 2010, the Board of Directors of Cream ("Board") announced that it had filed a Notice of Change ("Cream Notice of Change") in relation to the Amended Offer, amending and supplementing its supplementary directors' circular of October 29, 2010. The Cream Notice of Change stated the following:


--  Capital West Partners had delivered to the independent committee    ("Independent Committee") of the Board a fairness opinion that the    consideration offered to shareholders of Cream ("Cream Shareholders")    under the Amended Offer is fair, from a financial point of view, to the    Cream Shareholders.--  The Independent Committee delivered to the Board its unanimous    recommendation that the Board recommend to Cream Shareholders who wish    to realize upon their investment to accept the Amended Offer and tender    their Cream Shares to the Amended Offer.--  The Board, by majority vote, concluded that the Amended Offer is fair,    from a financial point of view, to Cream shareholders, and recommends    that Cream Shareholders who wish to realize upon their investment in    Cream Shares at this time accept the Amended Offer.
Cream Shareholders should note the following from the Cream Notice of Change:


--  The Amended Offer is the only offer for 100% of the Cream Shares that is    available for acceptance by the Cream Shareholders and offers Cream    Shareholders an opportunity for immediate liquidity and certainty of    value. No superior proposal is currently expected by the Board.--  Cream's ability to continue as a going concern is dependent on its    ability to obtain additional financing. If the Amended Offer is not    successful and for any reason Cream cannot or does not complete the    transaction contemplated by the purchase and joint venture offer of    Minco Silver Corporation ("Minco Offer"), Cream will have an immediate    need for additional financing.--  There are significant risks and uncertainties related to the Minco Offer    which are described in further detail below.--  The technical report prepared on the Nuevo Milenio property was prepared    by F. Holcapek who is a "Qualified Person" but is not independent of    Cream within the meaning of NI 43-101, Standards of Disclosure for    Mineral Projects. It is possible that an independently prepared mineral    resource estimate could be materially different from the inferred    mineral resource estimates contained in the Report.
Market Considerations


--  The recent increases in the share price of Cream were solely the result    of the Amended Offer, in the absence of which Cream Shares can be    expected to return to lower historic trading prices.--  In the event the "Minimum Tender Condition" of at least 50.1% of the    Cream Shares (on a fully diluted basis) being deposited under the    Amended Offer and not withdrawn by the expiry of the Amended Offer on    December 6 is not met, there is no assurance that the Amended Offer will    be extended, in which event the Amended Offer will lapse.
The Minco Offer is not a viable alternative

There are significant risks and uncertainties related to the Minco Offer including:


--  The Minco Offer is not irrevocable and can be withdrawn by Minco at any    time. It is also subject to governmental, regulatory and stock exchange    approvals which may include shareholder approval.--  There is no obligation for Minco to incur work expenditures and earn an    additional 20% in the Nuevo Milenio project or to develop the property    at all. Cream will be required to contribute its share of expenses on    the Nuevo Milenio project, either on the basis of 50% if Minco fails to    exercise its option, or on the basis of 30% if Minco exercises its    option.--  There is no assurance that Cream will have sufficient funds to maintain    its interest in the Nuevo Milenio project and if its interest is diluted    to less than 10%, Cream's interest will convert to a 1% net smelter    returns royalty.--  Minco is a non-producing mineral exploration company whose principal    mineral property is located in China. Minco has no experience operating    in Mexico and holds no mineral interests in Mexico.--  If Cream cannot implement the transaction contemplated by the Minco    Offer, it will require additional financing. Current market conditions,    the challenging funding environment and the recent low trading price of    the Shares may make it difficult for Cream to raise sufficient funds    through equity financings. There can be no assurance that the required    funding will be available to the Company on acceptable terms, or at all,    and completion of future financings may result in substantial dilution    for Shareholders.
Shareholders are encouraged to review the Offer material for full details and act quickly. If you require additional copies of the Offer materials or require assistance tendering your shares, please contact Endeavour's Information Agent, Laurel Hill Advisory Group toll free at 1-877-304-0211 (416-304-0211 collect) or by email at [email protected]. A copy of these materials can also be accessed on SEDAR at www.sedar.com or the company's website at www.edrsilver.com.

----------------------------------------------------------------------------

THE OFFER IS OPEN FOR ACCEPTANCE UNTIL 2:00 P.M. (PACIFIC TIME)

ON DECEMBER 6, 2010.

----------------------------------------------------------------------------

Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of growing silver production and resources. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition and exploration programs should help Endeavour achieve its goal to become the next premier mid-tier silver mining company.

ENDEAVOUR SILVER CORP.

BRADFORD COOKE, Chairman and Chief Executive Officer

Contact:
Contacts:Endeavour Silver Corp.Hugh ClarkeToll free: 877-685-9775 or (604) 685-9775(604) 685-9744 (FAX)[email protected]

[setravis]

Miners on the Move.......

As this long-term secular bull market for gold and silver continues to march onward, truly major moves from the sector's hottest growth stocks are bound to characterize the trend.

Alexco Resource (AMEX: AXU) has really been on the move lately, and especially because it's a stock I own, I may be in a position to offer some Foolish context. Get ready to love this company's story.

Commissioning of the company's first silver mine is proceeding smoothly, marking Alexco's rite of passage into the club of primary silver producers. With silver prices above $28 per ounce, and the Bellekeno mines prolific by-product of lead and zinc poised to keep costs low, Alexco's stock is beginning to track the scent of cash flow.

In timely fashion, Alexco has also heaped some exceptional exploration results onto this bonfire of growing interest in its stock. Bellekeno is but one deposit within Alexco's assets in the historic Keno Hill district of Canada's Yukon Territory, and nearby deposits like Onek (only one kilometer from the Bellekeno mill) are proving to be treasures in their own right. Back in October, Alexco reported bonanza ore grades across a wide (10.4 meters) intersection grading 1,518 grams of silver per ton (that's 44.3 ounces per ton!), 1 gram of gold per ton, 17.9% lead, and 3.2% zinc. Along with results from additional drill holes, exploration work at Onek has confirmed an ultra-high-grade deposit with at least a 400-meter strike length. In all probability, Onek will host Alexco's second silver mine.

Alexco's exploration success will come as no surprise to Silver Wheaton (NYSE: SLW), which holds a silver stream for 25% of Alexco's production from the Keno Hill district. Since that deal was signed in 2008, Silver Wheaton has touted Keno Hill's "immense exploration potential and future production upside," and anticipated "a long and prosperous partnership with Alexco." The area's potential was likewise known by NovaGold Resources (AMEX: NG), whose CEO Rick Van Nieuwenhuyse still sits on Alexco's board even after NovaGold unloaded most of its 16% stake in the company.

Precious metals stocks of all shapes and sizes have encountered terrific buoyancy as the metal prices surge, but Fools are reminded that the most resilient gains are to be found in the superior growth stories that set select operators apart from the pack. I recently highlighted Rubicon Minerals (AMEX: RBY) as one such standout, while companies like Fronteer Gold (AMEX: FRG) and Endeavour Silver (AMEX: EXK) deserve a close inspection. Even following a stock surge of more than 150% just in the past six months, it's Alexco's ongoing exploration success, coupled with this imminent commercial production at Bellekeno, that keeps investors firmly entrenched in the shares.

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Endeavour Silver's Stock and Earnings Shine Forth...

With a quick look at the above chart, and what a super chart it is. A rapid climb by Endeavour Silver Corporation (EXK) has seen the stock price double since September on steadily increasing volume, the ability to deliver as planned and expansion through the acquisition process. The indicators are on the high side, however, they could stay there for some time in this environment where the silver bull is in an aggressive mood.

Also hot off the press we have their latest results which follow below:

Third Quarter 2010 Highlights (Compared to Q3, 2009)

Net Earnings climbed from $1.5 million loss to $0.1 million gain
EBITDA rose 826% to $6.5 million

Mine operating cash-flow escalated 181% to $10.9 million

Sales revenues increased 105% to $20.1 million

Cash costs increased 14% to $5.93 per oz silver produced (net of gold credits)

Silver production climbed 20% to 797,054 ounces (oz)

Gold production jumped 28% to 4,607 oz

Silver equivalent production rose 22% to 1,096,509 oz (65:1 silver: gold ratio, no base metals)

Plant expansion to 1,000 tonnes per day at Guanacevi now substantially complete.

Acquired three new properties and identified three new silver-gold veins at Guanacevi

Discovered two new silver-gold veins at Guanajuato

Commenced new Lucero South access ramp to accelerate development and production of Lucero vein

Became debt-free with conversion of $10.1 million debentures into 5.3 million units

Launched all-cash bid to acquire Cream Minerals (since amended)

Bradford Cooke, Chairman and CEO, said that the performance in Q3, 2010 can be attributed to our growing silver-gold production, improving cash costs and higher metal prices. Once again, our operating team did an excellent job, as Endeavour remains ahead of schedule on our 2010 production targets and our capital expansion projects for 2010 are now substantially complete."

Note those three words: 'ahead of schedule' and this is not for the first time, they have delivered on their stated plans consistantly.

Endeavour has amended its offer to acquire Cream Minerals with the support and recommendation of the Cream Board. If successful, the bid to acquire control of Cream will become an integral part of EXK's acquisition growth strategy. Management will remain focused on both organic growth and acquisition opportunities in the Fourth Quarter.

Its also good to see that their Cash operating costs are trending downward toward the $5.00-$5.50 per oz range, which in turn will add to the profit margin.

The company has a good cash position at the moment with working capital standing at $42.4 million, up from $38.8 million at the end of 2009.

To read their results in full please go to there site via this link.

Endeavour Silver Corporation is set up well to benefit from the silver bull market which has in our very humble opinion a long way to run, so keep an eye on them as this company offers good exposure to silver prices.

Endeavour Silver Corporation is appearing on a screen near you as the company trades on three stock exchanges as follows:

(TSX: EDR)
(NYSE-AMEX: EXK)
(DB-Frankfurt: EJD)

DISCLAIMER

Silver Prices makes no guarantee or warranty on the accuracy or completeness of the data provided on this site. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This website represents our views and nothing more than that. Always consult your registered advisor to assist you with your investments. We accept no liability for any loss arising from the use of the data contained on this website. We may or may not hold a position in these securities at any given time and reserve the right to buy and sell as we think fit.

Disclosure: EXK, SLW,SSRI,PAAS,HL

[setravis]

Metals and Mining Lesser-Known Stocks Lead Mining Rally.......

NEW YORK (TheStreet) -- Some of the most-impressive gains in the mining sector recently have come from some of its least-known stocks.

Endeavor Silver(EXK), an obscure Canadian company, is up 95% in the last three months. Hecla Mining (HL) has climbed 85% and Novagold Resources (NG) has more than doubled.
In contrast, over the same period large gold miners as measured by the Market Vectors Gold Miners(GDX) exchange-traded fund have climbed just 26%.
This marks the development of a new trend in which investors hunt for bargains amid little-known gold and silver companies, many of which simply own properties but don't operate mines. These kinds of companies are tracked by the Market Vectors Junior Gold Miners ETF (GDXJ).
That fund trailed the GDX for most of 2010 but has returned almost twice as much as the larger companies since the late summer.

Two key factors are driving the gains and giving the obscure names their leverage. One is that many small companies have much larger deposits than is currently known because reserves often grow once they are more fully explored. An entirely new set of analysts and investors are now poking around these companies and studying the geology of their deposits. As a result, some of these stocks will move without easily identifiable causes.
It also means that their financial statements will be largely irrelevant because they're based on old valuations of properties, which will complicate valuations.
Another factor is consolidation. Large miners such as Barrick Gold (ABX) will look to grow via acquisition, and hope to use their expertise to identify companies whose deposits may be undervalued.
The good news is that trends like this happen long before a bull market ends, so there is still likely plenty of upside in the broader mining space. The bad news is that some of the best companies will have poor options liquidity and be hard to understand without an expertise in geology or mining technology.
Either way, with instruments like the GDXJ, many ordinary investors can ride this trend.

[setravis]

Gold, Silver Miners Shoot Higher As Metals Shake Off Lull...

the tickerspy.com Staff, On Monday December 20, 2010, 1:26 pm EST
Fresh concerns about Europe's sovereign debt crisis are helping gold prices shake off last week's negative price action and silver is going along for the ride as both metals are higher in midday trading. That's good news for the Gold and Silver Stocks Index, which is higher by 1.1%.

Shares of gold and silver miners have been among prime beneficiaries of the bull markets seen in 2010 for the underlying metals. With gold headed for its tenth consecutive annual gain and silver prices up more than 70% this year, The Market Vectors Gold Miners ETF (NYSE: GDX - News) is up 31% year-to-date while the Global X Silver Miners (NYSE: SIL - News) is up almost 72% since its April debut.

Pan American Silver (NASDAQ: PAAS - News) and Silver Wheaton (NYSE: SLW - News), two Index members and the two largest holdings in the Global X Silver Miners ETF, are leading silver miners higher today with gains of 3%. Seabridge Gold (AMEX: SA - News) is the top gainer in the Index with a jump of 9% on strong volume, but no news. Seabridge Gold is one of the few members of the Gold and Silver Stocks Index to register a negative performance over the past three and six months.

Among large-cap gold names, Barrick Gold (NYSE: ABX - News) and Eldorado Gold (NYSE: EGO - News) are in positive territory while Kinross Gold (NYSE: KGC - News) is slumping 2%.

Investors can track the Gold and Silver Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!

[setravis]

To inform, for your education !

Everything you wanted to know about silver
Six short videos of Hugh Clarke from Endeavour Silver answering common questions about silver.

How do you get free silver?
How is silver priced?
How is silver produced?
How to identify pure silver.
What drives Endeavour's share price?
Who buys silver?

http://www.edrsilver.com/s/SilverEducation.asp?ReportID=447531

[setravis]

Consolidation over...
MACD crossover, price well above 13 day EMA, volume getting very strong, price of silver breaking out.
Great entry point.

Day's Range: 10.92 - 11.90
52wk Range: 3.07 - 12.75
Volume: 4,821,083
Avg Vol (3m): 2,889,190
Market Cap: 947.22M
P/E (ttm): 116.00
EPS (ttm): 0.10
Div & Yield: N/A (N/A

Technicals
Most Actives

Last Price Quote is:
4.07%above 13-day EMA
23.34%above 50-day EMA
RS Rating: 96 

[setravis]

Last two dips bounced off the 200-day MA...

Day's Range: 12.26 - 12.74
52wk Range: 3.72 - 12.75
Volume: 3,626,350
Avg Vol (3m): 2,977,320
Market Cap: 1.07B
P/E (ttm): 43.48
EPS (ttm): 0.29
Div & Yield: N/A (N/A)


Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
10.00%above 13-day EMA
21.10%above 50-day EMA
RS Rating: 95