My esteemed colleague “Rougemont” wrote an article approximately a month ago advising investors to sell silver stocks. Specifically, the iShares Silver trust (SLV), Silver Wheaton Corp. (SLW), Silvercorp Metals, Inc. (SVM), Endeavour Silver Corp. (EXK), and First Majestic Silver Corp. (AG), and buy Bank of America (BAC). If you followed his advice you would be much worse for the wear.
First, Molycorp (MCP) look poised for a rally. Soon after that, the technicals turned, indicating pressure was building for a big move. I hedged, but I remained bullish.
Exxon Mobil (NYSE:XOM) is the world’s largest independent oil and gas exploration and production company. The gargantuan size of the company comprises of a mix of its own extensive operations spread across the world, along with its equity investments in various global affiliates.
