TSXV:SLX.P - Post by User
Comment by
mousermanon Apr 12, 2011 11:35am
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Post# 18419111
RE: RE: Silver still over 40$
RE: RE: Silver still over 40$I have no clue about timing the markets, altho this bull run was a little long in the tooth.
When it comes to these silver miners, many are oversold here, given the terrific fundamentals with silver averaging well over 30$ for the first 3 months of the year. Comment by Goldman Sachs, the giant vampire squid, said its time to sell commodities and so the market panics and dumps. I am wondering who the big bettor was on the SI ,ETF?
Reality is miners like SVM, RVM, FVI etc will be reporting the best Qs in their history, these will be some of the most profitable companies in the markets. Likely that the slimeballs at GS want to buy some of the better names at a lot loer prices. THESE guys dont have their clients best interests at heart, you can be sure of that.
SLX holding up quite well in the dumpfest today. A sign that they were already mostly oversold, and i doubt they will drop below the ,62 price of the financing.