RE:RE:RE:RE:Something BIG Is About To Happen To SilverThe goldbug talking heads have been saying things like "something big is going to happen etc" forever.. I guess no one takes much notice these days as the sector has been so severely beaten down over the last few years.. Those goldbugs will be right one day of course but my interest is looking for signs of a reversal of the downtrend in PMs, in particular the stocks.. I think there are clues in the trading patterns of many of the downtrodden gold and silver stocks. Almost no one has been remotely interested in buying these stocks for some time now but also there are fewer and fewer sellers. In other words these stocks are mostly held by very strong hands who are prepared to wait. There are always cherry pickings for those of us who want to pick up a few cheap shares but when bigger buyers arrive even a relatively small number of shares can cause big spikes. I believe this is what is happening right now and why some of these companies are seeing otherwise unexplainable moves in their share prices even on days when the metal prices are weak. As I see it the opportunity we have right now to buy these stocks at such depressed prices has all the chances of being a life changer but also may not last much longer. By observing what happens today when someone decides they want to buy 100,000 shares right away and are prepared to put in a market order you can only imagine what will happen when sentiment returns to the sector.. it's my best guess that recent trading action in these stocks could be one indication of the beginning of that reversal in sentiment.
Some of these stocks, like Alexco, have, imo, the kind of potential it's probably not a good idea to think about too much ;)