TSXV:SLX.P - Post by User
Comment by
goldstrikeon Mar 25, 2011 6:48pm
296 Views
Post# 18343092
The unseen hand!!
The unseen hand!!The shareholders at Hecla do indeed have the same problem as we have here, they are THE most shorted of all the mining shares and we are most certainly recieving the same attention by most probably the same people! Whenever there is a takedown in silver as there has been at around 10am USA time on both Thursday and Friday our SP tumbles hard with it whilst other unmanipulated stocks hardly hiccup. In the big drop last week when the cartel took silver down from around 36.90 to the high 33s Silvermex was marched down from .98 to 68 thats 30% down in a couple of days! No other silver stock I follow dropped that far. To me it looks like the cartel have identified certain companies including some Juniors "to control" in an effort to keep the lid on PM shares and on the whole "the unseen hand" as John Embry from Sprott calls it is working effectively. I am seriously regretting buying Silvermex shares in November for .72cents in preference to my second choice Wildcat silver (then .44cents) now trading well over $2.00.