RE: Getting crowded....:)Thanks for the nice plug Strannick!
In regards to "dropping like a lead balloon", give your head a shake man!
Look at the chart...two things...price and volume (= a lot of money buying in)
1. We are at fairly strong 5 year resistance. Those past highs are where people bought years ago and are now selling to get back to "even"...the weak hands...This is the reason for the extremely high volume getting through this region - will be until $6.50 or $7.00. Even though we "should" be higher in price, there is selling pressure from the old days.
2. Nothing goes straight up, (even though we've been close for the last 2 weeks). Day traders and profit takers sell at the end of the week too. They sell on strength. I don't rule out a correction at any time - especially towards the end of the month...always stuff going on...the Bankers will try to drive PM prices down for options expiry...etc. May go down or may not. Buying is still very strong!
When silver trades at $50 and FR is $40.00+ you will not regret your buying decision here. A $.22 or even a $.50 dip is nothing in the greater scheme of things. I'm holding all my shares/warrants for $8 and $12 minimum, and core position for even longer term.
JMHO
lotus petals,
gildage