TSXV:SLX.P - Post by User
Comment by
whypromoteon Mar 09, 2011 3:46pm
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Post# 18260733
RE: The Market needs real data to move this stock
RE: The Market needs real data to move this stockIf and when we get what silverstocks3 just posted we'll be whipped around with the POS and/or " investors " bailing on a " silver stock " that is showing NO leverage to the metal.
Sitting on 21 dma. Some etf selling in the majors. PM stocks leading the metal....down?
https://stockcharts.com/h-sc/ui?s=SLX.TO&p=D&yr=0&mn=3&dy=0&id=p59039730395
Remember we ran from $.75 or so to over a buck since late jan. Although silver ramped from $27 to over $36 during that same period. Now what happens if Silver corrects? Another 20 to 25 % corection in SLW?
Pretty much all silver stocks are down 5 to 10 %. We'll see how " sticky " those new GPR investors are. :)
p