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The May 2008 Morgan Report
The
precious metals markets have been moving in extreme
fashion recently. We took a step back and looked at
our Asset Allocation model and found most of our
solid investment had done as well as the HUI and two
of the group (we normally hold 6-8 total) had year
over year returns of 50% in one case and nearly 70%
in the other. Certainly those that follow our model
cannot be too unhappy since our approach is for
serious precious metals investors, and serious money
requires serious analysis.
Having stated the above facts, our junior mining portfolio has been changing rapidly. We were stopped out of three positions last month and one more hit our stop sell this month. We are not giving up, and we are not being stubborn either, but we have found a few companies that we truly think will be providing superior returns in the months ahead once this market regains strength. We commented on some recent news pertaining to silver applications in nano-technology, proposed mining law changes, and some of the more interesting issues presented by this years Silver Yearbook 2008 presented by the CPM Group in New York. Finally we spoke about the recent investment conference in Stuttgart Germany, and the trip to Argentina hosted by two fellows that were responsible for discovery of the Mina Martha mine.
The Silver
Investor
WHY
SUBSCRIBE TO THE SILVER INVESTOR NEWSLETTER
. . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . .
Information contained herein has been obtained from
sources believed to be reliable, but there is no
guarantee as to completeness or accuracy. Because
individual investment objectives vary, this Summary
should not be construed as advice to meet the particular
needs of the reader. Any opinions expressed herein are
statements of our judgment as of this date and are
subject to change without notice. Any action taken as a
result of reading this independent market research is
solely the responsibility of the reader. Stone
Investment Group is not and does not profess to be a
professional investment advisor, and strongly encourages
all readers to consult with their own personal financial
advisors, attorneys, and accountants before making any
investment decision. Stone Investment Group and/or
independent consultants or members of their families may
have a position in the securities mentioned. Mr. Morgan
does consult on a paid basis both with private investors
and various companies. Investing and speculation are
inherently risky and should not be undertaken without
professional advice. By your act of reading this
independent market research letter, you fully and
explicitly agree that Stone Investment Group will not be
held liable or responsible for any decisions you make
regarding any information discussed herein. |
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