TSXV:SLX.P - Post by User
Comment by
whypromoteon Apr 05, 2011 6:08am
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Post# 18385469
RE: What Happened to SLX in March?
RE: What Happened to SLX in March?March? Silver was pretty much unch the first 2 weeks in March when the dollar bounced to over 77. Then the buck rolled over to 77.5...silver moved higher. There is a lag.....silver has also decoupled from gold...look at what gold has done in 11' vs silver. You are right that SILVER has a " life " of its own of late. GPR and others? GPR ramped big time this year off $1.80 support - twice...and someone asks what's wrong with GPR? How bout over a double in a couple months....a 6 bagger from last summer GPR's story is out there.. Poor GPR!! Stocks base....!! Sold GPR ealier, if i were an owner i'd like to see a " 3.70 to $4.5 range " for awhile. :) Normal.
Silver now? Way overbought and most of the silver stocks know it. Have said this before.....what will SLX do when and if SILVER sells off. And SILVER will......normal. $12...10 week move? Pick a side....:)
Bloomberg pc on silver - nothing new but.......p
https://www.bloomberg.com/video/68332422/