RE:RE:RE:RE:Patiently waiting for 16 cents CAD....You are correct, the 12 week low in USD is 9 cents or 12 cents CAD.
Unfortunately, the PM stocks always trade in sympathy with the wider markets. There will be the initial slide down, but the PMs will rebound and be the best performers ala the 2008 - 2009 period when everything else was in the tank.
To be truthful, I'd probably be able to get more shares lower than 16 cents CAD, but why quibble over a few pennies on the down side?
What we have right now is the stock market trying to fight the central bankers. The FED is looking at the stock market as the biggest indicator of inflation. As the stock market continues to fight to trend upwards or at least tread water, it will not allow the FED to agree to lower interest rates. The sooner the market washes out, then rates will be lowered. Until then, the generalist is smoking some serious hopim and will get a cold dose of reality when it is all said and done.
We all want to get back to the halcyon days of 2011, but we had that horrible 2008 - 2010 period beforehand. Gotta take the pain if we want the gain. Pain = issuers such as SPA going on serious sale prices. Have some dry powder and be ready.