Opinion on  Coeur dAlene Mines Corp. (CDE)     Sector: Basic Materials  >  Industry: Gold & Silver
Short Term Play in Coeur

Purchasing CDE while the current correction in the precious metals markets are under way should work out well over the next few weeks or so.  Coeur closed at $3.88 on March 24th. Buying or adding to positions below $4.00 is recommended.

As one of the lowest cost silver producers in the world buying and holding Coeur for the long term should work out extremely well. However, for those looking to make a quick 20% to 25 % could consider buying CDE at below $4.00 and selling into it's recent upper range of $5.00 to $5.16. 

I seriously doubt if the correction in the gold and silver markets will last very long. The next upward move will likely be fast and furious and bring the price of Coeur right along with the precious metals rally.

It looks like the Bernanke/Paulson intervention into the markets and the hastily arranged bailout of Bear Stearns helped to create a correction in the gold and silver market.  This seemed to pull CDE back into a $3.70 to $4.00 trading range as precious metals had a sharp pullback..

The Bernanke/ Paulson rescue of Bear Stearns and the billions upon billions of dollars  tossed to the banks and brokerage firms  by the FED in my opinion will calm the financial markets only briefly. The billions being thrown by the government at the markets will in the end not be a match for the trillions of toxic waste derivatives held by the financial community in their still overvalued risky portfolios.

Holding for the long term a up to now junior silver mining company well on its way to being a major and the lowest cost silver producing company in the world seems to be a smart move in these highly uncertain times. At less than $4.00 a share CDE should offer a triple digit return over the next year or two.