Post by
gabrielgray on Mar 25, 2008 2:22pm
Surely this is a bottom
We're down to a 52-week low and the stock has essentially stopped trading. In fact, most of the juniors I'm looking at are showing signs of reversing.
I can't imagine why anyone would sell a company with a producing mine and big leases for .25--and hardly anyone is selling at this point.
BTW, I spoke with Don at Colorado Gold and he contradicts Jason H.
Don says that there's no shortage of silver, but most mints are out of struck silver, as the huge order volume after gold hit $1000 exhausted their inventories of silver rounds and bars.
The U.S. mint badly miscalculated demand for silver eagles and has a huge order backlog that has the blank suppliers running at capacity.
I do believe a real shortage in raw silver will develop in the near future, whenever that is.
Comment by
daytrader3 on Mar 25, 2008 8:45pm
Thats why so little volume.Who would in there right mind sell now.Great junior play.When we move it will be big time.Haven't seen coach post for awhile,hope everything is OK him,also oilsandsam.Good luck.