TSXV:SLX.P - Post by User
Comment by
Bogapeton May 14, 2011 7:29am
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Post# 18576043
A keeper....
A keeper....As a SH contrarian ALL should save this post.
And be careful what you wish for.." Eurozone turmoil and defaults "....will lend support to the $$ per the last few days.
Especially off levels (72ish) where traders " expected " a bounce.
We all like Silver, all like SLX at various levels - now under " Fiona's fair value of $.72 " and should " HOPE " that Silver does " base " in the $25 to $35 range.
Metals need to " decouple " from the knee jerk dollar up/metals down trade. Has happened in the past.
Until then......i'm with the Curvmiester. Both of us by the way, have been correct on Silver the last few weeks.
And not like Puplava....mentioned it before the " crash ". Not after.
Curvature...
The only difference between this and the housingand the internet bubble is both of those were lessons learned andallowed to froth for years. They nipped this in the bud before the fullbubble could form. Don;t get me wrong I do not see silver going backto 6 bucks or anything like that what I do see is it performing in anormal market fashion which means 25-35 dollars over the next few years(averages). That range is very profitable for most silver producerswhich means increases to supply.
As to SLX it was my biggestjunior mining holding until it hit about .90 at which time I quickyexited taking handsome profits. Yes I still like the stock so am nowconsidering where my re-entry point will be. Liking a stock and liking astock at a price are 2 different animals. When it got to .90 riskversus value was the issue. Down around these levels I am gettingtempted to get back in! If I see .55 you will see a big day for shares!