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The November 2007 Morgan Report

You are receiving this as I depart for the Silver Summit tour in Europe. Gold and silver held up well during options expiration on Tuesday October 30, 2007, but the XAU did sell-off somewhat which may be indicating some nervous profit taking at this point.

This month's letter looked back at some of our dollar comments and longer term projections for the economy. We devoted a great deal of space to a matrix of silver companies with 100 million ounces of silver or less and explained specifically how the numbers and categories can be of maximum use to inventors.

As you know from my last note, contact will be difficult while I speak through Europe.

The Silver Investor

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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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