Interesting. Pan American Silver just followed Silvercorp and are doing a share buyback (HT@SilverGoldSilver). Wouldn’t wanna be short silver miners at this stage. Silvercorp finished up almost 12% yesterday. The setup for an explosive move up in mining shares is looking better and better. If you want a bullish argument for Pan American Silver (PAAS), this chart ought to do it for you :
For the sake of honesty, I should probably tell you that I’m very, very, very heavily invested in gold and silver miners. Thus, this could be wishful thinking on my behalf. But I have chosen my spots when to purchase more, and now I’m almost as close to fully invested as I will ever get. One small leveraged play remains to be put on, which I will do if the HUI breaks 610. After that, I’m going to sit back for a few weeks and hope I was right.