TSXV:SLX.P - Post by User
Comment by
fabdaqon Apr 15, 2011 8:24pm
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Post# 18440032
ugly tv night for silver
ugly tv night for silverat 7:00pm I usually switch to bnn to watch market call but I had the tv on cnbc for some reason and Kudlow was starting. His topic was gold and silver and how he thought it was a bubble. Not surprisingly 2 of his 3 guests felt that way. Fear play, no inflation only inflation is commodity driven and when QE2 stops and there is no qe3 commodities come down and things will be ok - oh but silver and gold will crash like 82 and lead us into the next stock market recovery. All their sentiment not mine. Then I switch to bnn and a caller asks for a gold and silver pick. Guest will not comment on any silver play as all but slw are juniors and he wont plug a junior. Says a top pick is gold (goldcorp -which I love and own) but says things are at work in the gold sector that do not favour silver - would not explain what though. Me personally, I see days like the last two and the market is ignoring the up move. I think the market thinks this is too good to be true and is expecting a serious correction. Will it come - I don't know, I just look at the upward prices of silver and think what kind of frickin cash will the producers be making. ITS HUGE AT THESE LEVELS and then I look at my shares here and exn as well and realize the price of silver in relation to these stox does not really matter. Please light a fire under fiona please - glta!!