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« Agnico-Eagle Mines Limited: Poor Performance | Main | Austerity Debate Fells Portugal’s Premier »

Twenty ozs of Endeavour Silver has been Won

EXK Logo 16 Mar 2011.JPG

Our competition to win 20ozs of Endeavour Silver has now come to an end with the last trade and winning number being $0.85 as shown on the table below.

The winner is, wait for it, patience is a virtue, we're sure that your Mum must have taught you that when you were young, oh all right then, here we go:

EXK Chart Options 26 March 2011.JPG

The winner, being first with the correct entry is 'Jerry' with a spot on guess/estimate/calculation of $0.85 being the last trade on Friday for the Endeavour Silver Corporation (EXK) May series, Call Options with a strike price of $10.00.

There were others who arrived at the same conclusion, however, as the rules go, first up, best dressed.

We hope that you enjoyed this tiny bit of light relief from the hectic world we live in and hope that Jerry can find a nice place to display his hard won prize.

We would also like to say a mega THANK YOU to Hugh Clarke, VP Corporate Communications and all of the team over at Endeavour Silver Corporation for playing their part in this bit of fun, by providing us with the prize of 20ozs of silver all the way from their own mines in Mexico.

It was interesting to see such a wide range of estimates for a competition of such a short duration, which just goes to show how volatile things are just now. Our own in-house instinct was that a much higher price would take the prize. But then, those who make the rules changed them regarding the margin requirements for trading silver – bang in the middle of our competition!!!!! some people have no sense of decorum.

So, that's it from us, but stay tuned as the next competition includes no less than four empty bottles of Merlot and a ticket for a night in at your house.

PS: Over at we have just closed another winning trade in the options market, banking a profit of 38.66% on this trade in just 13 days.

Our model portfolio is up 140.79% since inception, Average return of 41.23% per trade, 68 closed trades, 66 closed at a profit, or a 97% success rate. Average trade open for 42.76 days.

A gentle reminder for those of you who are still thinking about it, prices will double as of 2nd April 2011, but will remain as is for existing subscribers, join us now while this bargain lasts.

sk chart 25 March 2011.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

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