TSXV:AUN.H - Post by User
Post by
AngelEyes3on Aug 25, 2011 4:53pm
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Post# 18980038
Looks as if it is being held down
Looks as if it is being held downSilver is now at 41 dollars per oz. We have a silver producer here that has fallen in price compared to silver moving up. Currently very little interest in these shares because the price is being suppressed. When it tried to break out I noticed an increase in offers and the price was quickly taken down again. We will need a higher silver price or for example: Sprott or whom ever is keeping the lid on this puppy to aquire the shares they want at these low prices and to finally allow the shares to appriciate to the real value here. Any price under 1 dollar in my opinion is undervalued today. But sometimes bargains continue.... Just look at most of the gold and silver producers. Gold hitting new highs and silver above 40 yet the majority of the stocks stink in price... When they start to move I expect a double in many of the securities and Aurcana also...
Bought more today but now fully invested again..
Good luck to all the longs