TSXV:AUN.H - Post by User
Post by
Premier1on May 27, 2011 10:35am
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Post# 18634212
POS action
POS actionFirst, don't be thinking that AUN's sp will go up to FR's range by end of 2012. AUN has 5x the number of shares so $20 FR sp equals $4 AUN sp.... but that is not too shabby if your average cost is
.70
The POS action has been pretty interesting this week. On Wed the POS was up over $2. It was a huge move but commentators didn't seem to have much to say. I mean really, if Gold shot up over 5% in one day you can bet that we'd hear about it on all the major networks. The weird thing is, is that there did not seem to be anything to trigger that sort of action. I'm no expert but my guess (I hope someone can correct me if I'm wrong) is that there was a massive short-position unwinding this week. If that is the case then I'd argue that we now have major support at $35 and not much holding POS back from rising from this point on. If this is the case, than don't expect AUN to hit
.60 again - it could happen, just don't expect it.
Full disclose: Used the rest of my cash reserves to buy more AUN and physical silver on Wed. Now 50% AUN, 15% Physical, 10% GPR, 25% other sh*t. :)
GLTA
Premier