Post by
fishcarrier on Jul 27, 2020 11:06am
Calculating future share prices
Let's see now. YRI is yp 7.5% on $1.50 increase in price of silver, and a decent run in gold as well.
If silver is going to $50, that's about 100% increase, or about 16 increases of $1.50. So YRI should go up 7.5% about 16 more times. Each time it will be on a higher amount. 16 times 7.5% = 120%. Presently stock is at $9. 120% of $9 = about $19. I'll take that! What do you think? In less than a year?
Comment by
GingerEnergy111 on Jul 27, 2020 11:50am
I would love to see silver go back towards $50. It has been lagging the traditional gold:silver ratio for probably a decade if not longer - basically since the financial crisis settled down. I own physical silver at about $35/oz so yes! $19 YRI sounds very good! GLTA