I find the sudden bearishness on this BB nothing short of bizarre. I would also encourage people who are posting "predictions" on where GPR is headed (short-term) to either post predictions which ALSO contain a "call" on silver, or not to bother.
Any "prediction" about GPR which doesn't ALSO include a prediction for silver is irrelevant.
If silver goes higher, GPR will go higher. Period. As I posted recently, following my last conversation with Robert Archer, any move HIGHER in the price of silver from here
means an overall, operating for the company (i.e. "earnings"). To suggest that a company with TWO profitable mines, and a very prospective exploration property is "overvalued" with a
market cap of $40 - $45 million is absurd.
In the case of Brodrick, at least we have someone who is including a call on silver with his prediction: he expects silver to go side-ways - based on what he's seen on the charts.
Short-term charts are almost totally meaningless with manipulated markets - and especially with the MOST-manipulated commodities in these manipulated markets.
The U.S. is in the process of passing a $1-trillion "stimulus package" for the economy.
Next Monday, it will announce the next bail-out/hand-outs for the U.S.
banks, which could
easily be a multi-trillion dollar package. Furthermore, with the economic sabotage caused by these bankers, the HUGE surpluses of China, Russia, and OPEC are GONE.
There is
no one to by the TRILLIONS of dollars in bonds which the U.S. govnernment must "sell" to PAY for these bail-out trillions. This means the U.S. government MUST "buy" its own bonds - which it can only do by
printing trillions more USD's. This in itself should mean a HUGE drop in the USD. However, there are also rumors the U.S. government is about to
formally devalue its currency.
As of December,
the U.S. was increasing its money-supply at an annualized rate of just under 100% !!!! Normal money-supply growth is
less than 10%.
I don't see any way that even the morons who manage most of the world's investment capital can miss the HUGE inflationary implications of this. And
"inflation" means
high commodity prices, which means that gold and silver are heading UP another leg - not trading sideways.
If volume had not totally dried-up on Friday, we would have been pushing 50 cents. It's like the bulls and shorts just called a "time-out" and went on a 3-day week-end. Not only was volume only about
1/3 of what it was for the three prior days, but it was even lower than
average volume.
Ignore the "noise", because the "big picture" tells the whole story.
LG