The rally so far on SILA is very reminiscent of those that slowly go up for 1-2 months. If this is the case, SILA may just be getting started.I suggest you immediately put it on your watch list to track it's performance. The way SILA is moving it may not be at these levels for much longer.
Chart: http://stockcharts.com/h-sc/ui?s=SILA&p=D&yr=0&mn=0&dy=14&id=p73925852151
SILA is doing silver and gold.
Gold did it again this week, broke another record! Last December it rallied to $1,226 an oz.
This week it hit over $1,230! This just proves how strong gold's legs are. It could continue to run to unimaginable levels this year.
Jim Cramer predicted $1,600 an oz for gold!
SILA President Johannes Petersen stated, "We're tremendously excited to be out of the gate. With positive market forecasts for silver and gold, and growing demand from established market uses and ETF investments, we've chosen the perfect time to enter the precious metals industry."
"With continued acquisitions, and through strategic exploration, our every expectation is one of becoming a significant producer of silver and gold to meet America's demand," Petersen continued.
Based in Reno, Nevada, SILA has already developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
SILA has made big announcements recently about two acquisitions.
1. SILA has acquired a silver and gold project in a prolific region of Mexico - The Guadalupe Property silver and gold project in Zacatecas State, Mexico.
The property contains two historic mines and is located in one of Mexico's oldest mining districts, roughly 5 miles north of the Fresnillo (Proaño) Mine -- the world's richest underground silver mine, operated by London Stock Exchange listed Fresnillo plc. according to the Peñoles website.
A chip channel sample taken from one face of the workings on Silver America's 698.91-acre property returned 3.32 g/t gold and 342.0 g/t silver across 1.5 meters of vein!
Roughly 6.8 miles to the southwest of SILA's Guadalupe Property is the Juanicipio Joint Venture (JV) between MAG Silver Corp. (MAG) and Fresnillo plc.
According to an NI-43-101 compliant resource estimate prepared for MAG, the JV has an indicated resource average grade of 879 g/t silver, or roughly two times the grade of Fresnillo's other producing mines in the region, making the project's Valdecañas Vein one of the world's highest grade undeveloped silver resources!
Mexico is home to one of the world's top 20 silver producing companies, Industrias Peñoles, with 11.2 million ounces of silver production in 2008, and holdings surrounding the Guadalupe Property!
2. SILA has acquired The Keeno Strike Property silver and gold project in Clark County, Nevada.
The project's exploratory work program will test 1.1 million ounces of gold and 69.0 million ounces of silver potential!
This property could represent a huge break through for SILA!
SILA's 245-acre Keeno Strike Property is located roughly 30 miles southwest of Las Vegas in the Goodsprings/Yellow Pine Mining District.
In addition to containing deposits of copper, cobalt, nickel, zinc and lead, the Goodsprings/Yellow Pine Mining District has produced significant quantities of gold and silver.
According to a May 2008 report prepared by Mark See, Mining Engineer, when the above gold and silver estimates are combined with those of additional mineral deposits of lead (~130,000 tons), zinc (~115,000 tons) and copper (~13,000 tons), the claims (including Monte Cristo & Yellow Pine) could represent an estimated equivalent gross in situ value in excess of $3 billion!!
SILA President Johannes Petersen, commented on the acquisition: "We couldn't be happier than to have acquired the Keeno Strike property. If you only take into account the estimated ~1.1 million ounces of gold and ~69.0 million ounces of silver, our claims could transform our company into an important player in the area."
"And with our company focus being on securing silver for America, having this domestic project in the silver state of Nevada fits perfectly with our ongoing acquisition and exploration strategy," Petersen further commented.
SILA could be a big winner with gold and silver looking so promising.
Investors bought 209.7 million ounces of silver last year, the second highest in history!!
Silver prices have risen dramatically in the past two years. This also comes as no surprise given the lack of faith in the economy improving and the widespread amount of uses that silver has.
Just look at some of the things silver can be found in:
- Computers
- DVD players
- Video game consoles
- Plasma televisions
- Cell phones
- Solar Panels
- Smart autmobiles
- Biocides/Chemical Agents
And new uses for silver are being discovered daily!
Gold has been one of the hottest precious metals for awhile!
"People are buying gold to get out of the dollar," said Andrew Montano, director of precious metals at Scotia Mocatta.
Demand for gold stems from the precious metal being a desired investment asset as well as its versatility and usefulness in jewelry and the arts, electrical and electronics applications, and dental and other applications.
It has been said that each year, 660 tons of gold are used in telecommunications, medical treatments, information technology, and other industrial applications.
Gold across the globe is amazing in numbers. Two huge countries like India and China are expected to have a huge demand for it.
Exploration companies like SILA could surge as silver and gold demand may continue to increase worldwide!
More information on SILA can be found at: www.silver-america.com Always do your own research and consult with your own financial professional.
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