TSXV:SLX.P - Post by User
Comment by
strannickon Jan 25, 2011 5:15pm
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Post# 18025161
RE: RE: SLX
RE: RE: SLXBruchaw;
That was an excellent galvanizing post. Thanks for that excellent state of the union summary...
I completely sympathize with your feelings... but here is something to mull over. Sprott is a great example... if this drops down to his private placement price he will be gobbling up the rest of the company. Controlling shares in a producing miner... no waiting 2 1/2 months for delivery of silver for PSLV. As far a silver goes, Sprott bought his silver for PSLV back in October. It took 2 1/2 months to get the physical, now 3 months later, there is less physical (US mint sold record number of american silver eagles), China quadrupled silver demand, 100 times the open interest standing for delivery, shortages reported everywhere, cash settlements on the COMEX back in December because they couldn't make delivery, (talk about blood in the water), as far as I am concerned this is their last stand and for the next month we will see them throw everything they have at us. I know that this has all been said before but when you take a step back and realize that everything is being done to allow JPMorgan to get out of their naked shorts (CFTC doing nothing)... don't look at the price of silver or SLX right now... 6 months to a year from now you will look back on this storm and smile because you held tight. I think about all of these things when that feeling you have right now creeps up on me.