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Pan American Silver Corp. (PAAS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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37.46+1.19 (+3.28%)
At close: 3:59PM EDT
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  • U
    Ultra
    This one isn't my favorite stock in the precious metal space, but today was a little bit of an over-reaction.

    It should bounce up tomorrow, and has been trading in a fairly tight range for the past 10 months.

    Silver itself is due for a run, on industrial and investment demand for physical.
  • J
    Jazenevd
    The bond yield jumped up in big way, apparently caused by CPI report this morning. In result, gold and silver dropped and, after some hesitation, gold/silver mining stocks joined the move.
    In general, higher inflation is bad for gold and silver, though the same inflation is good for mining. In total, gold/silver mining stocks perform in better than average manner in inflationary environment. However, they do still worse than some other miners.
  • M
    MDR
    i have a feeling precious metals are about to sky rocket.
  • L
    Larry
    I am so glad my broker recommended PAAS yesterday at the bottom! I have already gotten my losses back from being in oil, but of course, had I held on to oil, oil is way up today. I just didn't like what was going on with the pipeline situation, and had lost a lot on oil.
  • M
    MDR
    PAAS mgt very smart using covid as cover story for stock piling silver, knowing price going much higher. you will see.....
  • K
    Kraki
    CDE got slammed a couple of weeks ago when they reported miserable results. They have already seen a healthy bounce back, but not yet to where they were. I expect the same here. For those with the stomach, it could be a buying opportunity, although it may go down a bit more due to stop losses and weak hands.
    Markets are forward looking and precious metals are still a good place to be.
  • T
    T-Rex
    I agree, @MDR - and those of us who are just now starting to load up on the "inflation" trade . . . will be looking the those tickers - like PAAS - that have dramatically pulled back from their recent highs. PAAS fits the bill - and this downtick will be short lived.
  • s
    steven
    My sense is that PAAS has passed a recent test on the “political” vote and should be reasonably safe till roughly the end of the month. Then I have a decision to make. I’m still trying to determine what percentage of sales and profits PAAS derives from Peru.
  • b
    buddyonthebrink
    This price will look sooooo cheap in a little while. Let the shorts have fun and profit from it.
  • s
    steven
    I frequently make the mistake of thinking that the gov’t/the Fed won’t artificially over-control the market. Caused me to miss jumping back into PAAS which I suspected had overshot to the downside. I got out beautifully, but considered and rejected jumping back in. Arrrg.
  • P
    Perry
    with a rough earnings report, gold production estimates remains unchanged. I believe this is 55% gold to 45% silver company.
  • J
    Jazenevd
    @kbot In my opinion, strong broad market decline, both quick and slow variety, is very unlikely. Lot of liquidity, aka new money, around and this amount increases daily in very strong tempo, and all this “liquidity” wants to be invested. Every dip will be met by strong buying.
  • J
    Jazenevd
    Just in case someone wants to know where the earnings will be reported. It will be in after hours, and ,quite possible, late after house, because the company HQ is in Vancouver, Pacific time zone.
  • M
    MDR
    according to the report, next quarter should be a banger. and stock markets being a forward looking mechanism. this price drop should be short lived.
  • J
    John
    An attack like this...at this stage of the game...when every asset on the planet is trading at or near its all time high with the exception of silver...and the inflation genie out of the bottle.can only mean one thing. This was to enable the big boys a sale. This is the equivalent of black Friday for institutions.
  • S
    Sam
    This is not good that they could not sell much silver last quarter! They could have took advantage of current silver high prices.
    Silver spot price is expected to go down especially with the Fed raising interest rates later on this year.
  • s
    steven
    Don’t you find the risk here too high relative to the potential reward with potential socialism and the threat of mine closures. Or do you see exceptional upside that offsets these threats?
  • J
    Jazenevd
    @kbot You are totally correct that Peruvian exposure is significant, while political risk is real. I substantially reduced my position here, moving proceeds to gold miners and other sectors.
  • m
    mary minnekeer
    Gold and silver should be flying higher today with the hot CPI ,wonder how much paper they are pushing today to manipulate it down
  • T
    THE "GREAT ONE"
    BOYS...I MADE A RATHER LARGE PURCHASE AT 33.75.....WISH I HAD BOUGHT MORE. TOMORROW OR THURSDAY ...COULD BE A PULLBACK BUT I SAY ITS UNLIKELY !!!! WE MAY HAVE SEEN THE LOW AT 33.35.