1. MEMO III
To: Prof Lawrence A. Souza
From: Tom Bopp
Date: February 21, 2015
Re: Silver prices expected to rise by 10% over next two months
We are tracking silver prices. Based on our research, we forecast silver prices to rise 10% over
the next two months based on the following three factors: The mining sector’s rough patch is
turning around; Prospectors & Developers Association of Canada (PDAC) expect to see a rise in
mining for 2015, and silver is at or very near bottom. Therefore we recommend the following 26
trades.
Indices (3) ETFs (3) Stocks (5)
Actions: Buy forwards Buy on margin Buy on margin
Buy futures Buy call options Buy call options
Write puts on futures Write put options Write put options
Buy calls on futures
Trades: 8 8 9
Tickers: SPGSSIP, DBSLIX,
NQCISITR
SLV, UVXY, ZSL SLW, PSLV, SIVR
Total Trades: (26)
 Despite mining sector in a rough
patch for the last couple of years,
analysts see a rise.
 The Prospectors & Developers
Association of Canada expect to
see a rise in the mining sector in
2015. Most indications are that
silver is at or very near bottom.
 Current price historical bottom of
$20.00 last month.
We are tracking silver prices. Based on our research, we forecast silver prices to rise 10% over
the next two months based on the following three factors; The mining sector’s rough patch is
turning around; (PDAC) expect to see a rise in mining for 2015, and silver has bottomed.
Therefore we recommend the above 26 trades.