Governments around the world are printing more money—debasing their currencies—which means silver and gold are going higher, and the producers of these metals will see increased cash flows.

Industrial demand for silver is expected to have a compound annual growth rate of 22% for the next four years.  And yet now the intermediate and senior producers are trading at about half their Net Asset Value—which rarely happens in a bull market.

 

Silver is a small market compared to gold — this means when money enters the sector it can have an outsized effect, and generate huge gains. The silver market is about 18 times smaller than the gold market — which explains why when gold goes up, silver tends to go up even more. In fact when gold goes up 1%, on average silver tends to go up 1.75%.  The best leverage in precious metals is in silver.

 

Should the acquisition of Minefinders go smoothly, Pan
American’s geopolitical, production, and cost profile will benefit
greatly—Pan American has been punished due to the rather high
exposure to Argentina and Peru, relative to Mexico.

 

The additions of Dolores and La Bolsa position Pan American to
become a 50m-oz producer by 2016, ranking it amongst the largest in
the world. Just as importantly, however, from investors’ point of view,
is the closing of the 2011–2014 growth gap, which is rewarded by the
market. Additionally, Dolores cash costs are significantly below the
average cash cost/oz. of Pan American’s existing operations, meaning
the company should see strong net margin expansion on top of a
revamped production growth profile.

 

Why Pan-American?

 As a market leader it has one of the best leveraged stocks to silver.  I believe the physical silver price is going a lot higher

 

This management team has acquired and is acquiring some of the best
silver deposits in the world, which will increase both production and
cash flow in the near term. That will be followed by a BIG jump in
2015—a 20 million ounce jump–as Navidad comes online.
This should lead to a re-valuation of Pan American sooner rather than
later.

 

 

Having produced approximately 23m Oz. in 2011, the recent
acquisition of Minefinders, will boost 2012 output to between 27m- 8m Oz. and 95,000 Oz. of gold and 2013 output to 31m Oz. of silver nd 125,000 Oz. of gold.

 

         Rule No.1  First Invest In Yourself

        Rule No. 2   You Can’yrofit From Books You Don’t Read

This review is for: Apprentice Millionaire Portfolio 2012 http://amp2012.com/2012/03/10/

The first edition of Stock Market Magic: Building Your Apprentice Millionaire Portfolio authored by Jack A. Bass, was published in March 2012. This review is based upon reading that edition and the author’s stock market letter at http://www.amp2012.com

This comprehensive volume (some 500 pages ) offers the reader the nuts and bolts as to what the Apprentice Millionaire Portfolio strategy is based upon – investing , trading and selection.

While many investors today talk about an ” investing” style, I challenge how many have actually developed their own criteria – here in this 500 page volume is a written system and series of selections. Many of the basics have stood the test of time. The volume also allows for junior companies to be considered with the ” blue chips” of each sector. More than 150 companies are profiled.

The books offers Watchlists of stock selections in a variety of sectors such as energy and precious metals. This will allow the reader to create a portfolio in line with the AMP process and thinking. In that way a great deal of hard work has already been done.

It should be noted that the book contains information on how to analyze a wide variety of stocks. Actually a great proportion of the book is devoted to giving the investor the basic thesis of why an industry such as energy was chosen and why particular stocks are the top picks for each industry or sector analysis. Information is in a clear and readable format.

Different from Graham and Dodd’s disdain for “speculators,” or what we might call “traders” the author gives actual trades to back up the assertion that not every selection has to be made until ” death do you part “.

Stock Market Magic : Building Your Apprentice Millionaire Portfolio is a “must have” book for any serious investor’s library.

The E-book Apprentice Millionaire Portfolio is available on amazon.com

For the print edition  AVAILABLE NOW   – 500 pages soft cover

 Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012 

Send  your check or money order for $ 28.75 payable to Jack A. Bass  to:

 

Jack A. Bass

92-6887 Sheffield Way

Chilliwack, British Columbia

Canada V2R 5V5

Please Allow  3-4 weeks for delivery