NYSEAM:SVLC - Post by User
Comment by
KevinF2848on Sep 12, 2012 8:09am
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Post# 20351032
RE: RE: RE: RE: RE: RE: RE: RE: SVLC
RE: RE: RE: RE: RE: RE: RE: RE: SVLC Scott,
Like you said, there have never been any mention of the 2 new priority targets. Being a relatively new investor in Silvercrest, (since May), I did not go that far back on my research. Thanks for clearing that up for me. The main point here is that they have a huge potential on this property, and it is now apparent that it is not just where they are actively drilling. As I said before, this is not one location now and has the potential to be a district.
As far as your comments about world events, all we can do in life is stick to our convictions and look at them in a long term perspective. I am not margined, I don't need to sell to make my mortgage payment, so if the price goes down a little, I am not too concerned, and I am by no means selling. My analysis of silver is that it will go to new highs and that we are in a bull market for the pm's. I also feel the same way on the miners. We touched the bottom of the long term channel on silver and are headed up and we held the $32 price level and I think we are headed to the $36-$38 range, where it should take a breather and eventually go to new highs. This is speculation based on my charts. I am not cheerleading here, just telling you my thoughts. I also feel gold will hit new highs within the year. So what will that do to Silvercrest''s bottom line.