Blackrock Silver Corp V.BRC

Brutal day

[ValuePro]

Blackrock closed off nearly 23 percent on over 3 million shares, or around 9 times the average volume (US).

The only little positive in this is that the average trade size was less than 1,900 shares, suggesting big hands were not dumping.  If they are holding, I am holding too (though I have sold about 70 percent of what I started with before the run-up over two years ago).  I'm still green with what I have left and have no plans for selling more now.

I expect the PPS will be higher tomorrow, as long as the price of silver isn't hit too badly again. 

GLTA

[goldstd69]

the silver price bounced of support near the 22.00 area...I bought more BKRRF today but that is not a recommendation just my view...I think HL or CDE will buy Blackrock or Blackrock and Summa will merge....jmho dyodd gold/silver are way oversold also

[ValuePro]

"I expect the PPS will be higher tomorrow, as long as the price of silver isn't hit too badly again." Geez, I got that wrong, at least so far today. BTW, it is an unusual day.  Volumes across the boards are as low as I've ever seen, weirdly low.  It is as if everyone is holding their breath ahead of the Fed decision on interest rates. 

[goldstd69]

will the interest rate news be a 'buy on rumor and sell on news" day...with rallying stocks and metals from oversold conditions...at least a brief rally?????  who knows

[ValuePro]

You may have something there. "4. Tomorrow’s rate announcement from the Fed could mark a short-term peak in the rally. Trading profits can be booked, but any pullback is a fresh buying opportunity for investors who are not yet involved… in what could become the biggest bond market meltdown in the history of America." https://www.321gold.com/editorials/thomson_s/thomson_s_050322.html