NYSEAM:SVLC - Post by User
Comment by
scotton Apr 23, 2012 2:04pm
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Post# 19825085
RE: RE: Blood Bath!
RE: RE: Blood Bath! If $2 doesn't hold the next level of strong support is $1.80 for SVL. Unless there is a major meltdown in the global stock markets, I doubt we'll see that level but you never know. My guess is we saw the lows for this downturn today at the low $1.90's. Without question, precious metal stocks are at extreme lows compared to the metals. This is an amazing buying opportunity for those able to see past the noise. The risk to the downside is minimal while the reward to the upside is immense in my opinion. Fundamentals for Silvercrest have not changed and more drill results from La Joya should be out this week. Today's panic selling will seem unreasonable and unthinkable before too long but by then it will be too late for those who got shaken out of their shares. This too shall pass and Silvercrest, along with other quality miners in the resource sector will continue their march forward to new highs. Someday reaching unthinkable levels. Of course this is only my oppinion, each of us has to do our own due-dilly and position themselves accordingly. Best of luck to all.
Cheers!
Scott