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Silver Proves To Be The Devil’s Metal All Over Again (SLV, AGQ, SIL, SLW, PAAS, EXK, SVM, GDX, GDXJ)

Jon C. Ogg — Thu, 21 Jun 2012 13:55:09 +0000

With commodities on the retreat and with preliminary inflation running very low, you can imagine that the gold and silver markets are trading softer again. Gold is down 1.3% at $1581.50 per ounce, but silver is proving to be the devil’s metal all over again as the drop here is now -3.2% to $27.49 per ounce.

Today’s move is proving to be brutal to the ETFs and shares around silver. The iShares Silver Trust (AMEX: SLV) is down 1.9% at $26.74 and the ProShares Ultra Silver (AMEX: AGQ) is down 3.75% at $38.48.

The miners are n’t faring too well either as the Global X Silver Miners ETF (AMEX: SIL) is down 2.3% at $19.56. Silver Wheaton Corp. (NYSE: SLW) is down 3.2% at $27.43; Pan American Silver Corp. (NASDAQ: PAAS) is down 2.6% at $18.48; Endeavour Silver Corp. (NYSE: EXK) is down 2.7% at $9.24; and Silvercorp Metals Inc. (NYSE: SVM) is down 2.8% at $6.20.

The gold miners have much overlap with silver miners, and the two mining ETFs are down with Market Vectors Gold Miners ETF (AMEX: GDX) down 2.3% at $46.20 and Market Vectors Junior Gold Miners ETF (AMEX: GDXJ) down 2.9% at $20.35.

Silver is in many cases nothing more than a leveraged move and speculative move on gold. They call it the devil’s metal for a reason.

JON C. OGG

Filed under: Active Trader, Commodities, Commodities & Metals, Currency, International Markets, Metals, Trading Alert Tagged: AGQ, EXK, GDX, GDXJ, PAAS, SIL, SLV, SLW, SVM

Top Analyst Upgrades and Downgrades (AEG, BRCD, NPD, DE, KEP, SVM, SLW, WX)

Jon C. Ogg — Fri, 26 Nov 2010 13:36:01 +0000

These are some of this Friday’s key analyst upgrades, downgrades, and initiations seen in Wall Street research calls. As you would guess with a half day, the coverage universe is light today.

Aegon NV (NYSE: AEG) Raised to Buy at Goldman Sachs.
Brocade Communications Systems Inc. (NYSE: BRCD) Reiterated Hold but Cut 2011 and 2012 estimates at Argus.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) Cut to Sell at Goldman Sachs.
Deere & Co. (NYSE: DE) Raised target to $91 at Credit Suisse; Raised target to $88 at Argus.
Korea Electric Power (NYSE: KEP) Cut to Neutral at Goldman Sachs.
Silvercorp Metals Inc. (NYSE: SVM) Cut to Market Perform at BMO.
Silver Wheaton Corp. (NYSE: SLW) Raised to Outperform at BMO.
Wuxi Pharmatech (Cayman) Inc. (NYSE: WX) Raised to Buy at Goldman Sachs.

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JON C. OGG

Filed under: Analyst Calls Tagged: AEG, BRCD, DE, KEP, NPD, SLW, SVM, WX

Warren Buffett Rides More Railroads (BNI, NSC, UNP), Plus Other Holdings

Douglas A. McIntyre — Tue, 15 May 2007 15:49:13 +0000

This is an edited version of the first story to run an expanded list.

Last month we all found out that Warren Buffett’s Berkshire Hathaway decided to take a ride on the Reading by investing in Burlington Northern (BNI-NYSE). He also said that he had invested in two others, and now we know the holdings out of today’s larger filing. Here are the positions noted in the filing.

Here is a full list out of the SEC FILING:

Here are the rail positions: Burlington Northern (BNI), Norfolk Southern (NSC), Union Pacific (UNP).

American Express (AXP), American Standard (ASD), Ameriprise, Anheuser Busch (BUD), H&R Block (HRB), Coca Cola (KO), Comdisco, ConocoPhillips (COP), Costco (COST), First Data (FDC), Gannett (GCI), General Electric (GE), Home Depot (HD), Ingersoll Rand (IR), Iron Mountain (IRM), J&J (JNJ), Lowe’s (LOW), M&T Bank (MTB), Moody’s (MCO), Nike (NKE), PetroChina (PTR), Pier 1 Imports (PIR), P&G (PG), Sanofi Aventis (SNY), Servicemaster (SVM), Sun Trust Banks (STI), Torchmark, Tyco International (TYC), US Bancorp (USB), USG Corp (USG), United Parcel Service (UPS), United Health group (UNH), Wal-Mart (WMT), Washington Post (WPO), Wells Fargo (WFC), Wellpoint (WLP), Wesco, Western Union (WU)

Jon C. Ogg
May 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.