TSXV:SLX.P - Post by User
Comment by
Bogapeton Apr 26, 2011 9:51am
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Post# 18487746
RE: RE: Level II Scotia 0857
RE: RE: Level II Scotia 0857Redo....
Silver proxies mentioned yesterday getting creamed again. 64K question - are the PM stocks leading the METALS lower? History says...probably so. Anyone here think SILVER is " over bought "? Could correct?
From Monday....
And time for some perspective. Sometimes lacking here.....
An objective look at the SILVER Proxies!! In relationship to SILVER. All have seen better days.
FR...never really traded for more than .3 SILVER - than last summer. POP! Recently back to dec fr/silver levels.
https://stockcharts.com/h-sc/ui?s=FR.TO:$SILVER&p=D&yr=2&mn=0&dy=0&id=p15200046695
GPR...ditto..never really traded for more than .06 SILVER. POP! Metric doubled/ Now back to dec gpr/silver levels.
https://stockcharts.com/h-sc/ui?s=GPR.TO:$SILVER&p=D&yr=2&mn=0&dy=0&id=p70315869314
SLW...ditto...butas a 'major" sold off early. Never really got higher then .90 SILVER inthe past - then it took off last year. Hedgies ran it BIG TIME! Ugliestchart of all. Closing in on 2008 levels to the price of SILVER.
https://stockcharts.com/h-sc/ui?s=SLW:$SILVER&p=D&yr=3&mn=0&dy=0&id=p29881619588
If you like SILVER - buy SILVER?
Or Relax and wait here.