Today silver hit $17.76, marking the beginning of the American revolution. Actually, as I write this, silver just traded at $17.83, thereby completing the entire Revolutionary War. It's nice to see silver making up for lost time.
Speaking of silver, I just received an e-mail from Silver Standard to the efffect that they are issuing $120 million worth of convertible bonds. They have not set the terms yet, but this bears watching. Depending on the terms of conversion, this security could offer the best of both worlds. An interest payment and the ability to convert to common stock if SSRI goes to the moon. Details to follow.
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