GREY:GMFLF - Post by User
Comment by
hazardpayon Mar 17, 2015 10:29am
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Post# 23529192
RE:Guesses on how long until bankruptcy?
RE:Guesses on how long until bankruptcy?We first need to see a sell off in silver before it will rise stronger again. But the predictions for siler are still good. So for example the Worldbank is expecting a slow but steady rise of the silver prive the next years up to $21, Deutsche Bank is predicting a price around $20 for the next years too and HSBC forecasts a price of $24 longterm. Thus we are witnessing a low here and we should buy silver stocks now, when everyone hates them or is frustrated. GTC should, if not able to raise money through debt, do a small equity financing to survive until autumn this year. Then, I guess, the market should look brighter for silver mining companies. I can wait...