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Can you feel the urge to give up?-- To sell everything and start over?

Resist this, August is historically the best month to buy gold. We are still looking for a spike low in the August time frame. I am currently working on the August issue which will be posted this weekend, however one of our Speculative stocks --SilverMex (SMR.V or SLVXF) hit our stop loss sell limit.

This is frustrating for all of us, first we were the first on this company and per the matrix we publish from time to time SilverMex has one of the lowest valuations per ounce in the ground of many juniors. This means it is a value situation, you are buying silver in the ground cheaply.

We recommended the stock at $0.77 and watched the stock move much higher, perhaps some of you took profits on the way up. Further, a financing at $1.00 took place in April of this year and the company raised almost three million dollars. At that time we thought (incorrectly) that we had a floor on the stock price well above our recommended price.

Basically, the company is sound and has put out good news the company began the drill program at El Rayo, drill results at Penasco Quemado were showing over 4 ounces per ton. Further, sampling results at La Frazada were impressive.

We make no excuses, we do our best to find worthwhile projects and we still believe in this one, however rules are rules and our integrity is at stake. Therefore we are adhering to our sell stop. We may revisit this company later. The final choice to sell is always yours, and for the record I will not be selling my shares yet. I am going to wait a week and see if the stock recovers from here.

Sincerely,
The Silver Investor

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.