In order of Silver JORC Resources
Our top three:
BHP
UCL
CJO

Bit of a surprise ?

The silver price has bounced 27% since January 28, a huge advance for a measly 16 trading days. It’s already soared past its 2010 high and was selling for less than $16 this time last year, a double in 12 months. So, is it pricy? Or should we ignore the run-up and keep buying? http://seekingalpha.com/article/254372-why-i-m-buying-silver-at-30

I read the article above and I’d like to see silver do what the author suggests… I have a largish silver position accumulated over the last decade… my average price is $5 AUD per OZ.

Recently my advisor told me that I was mad to not get out with such a lovely profit… As I believe that there is a lot more upside (history repeats) I have protected my position with “puts”.  I thought I’d mention this as it wasn’t referenced in the article above… but by buying puts you can set your level of risk tolerance…. Do it now while everyone is bullish. Buy calls when they are all bearish…. Insurance lets you sleep at night 🙂