Guanajuato Silver Company Ltd V.GSVR

Gsvr

[arh0070]

I bought some more today .Incredibly leveraged to the price of silver which has had a good run secondary to weakening of the US dollar.They "stole" the Mexican silver assets from Great panther whose management was "not the best".It will take a little bit to get Topia up and running but they basically bought these assets for pennies on the dollar .If we have a big silver run this company will fly .

[Java7]

I think Topia is running, no? java7 i added also

[yureja85]

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[ErinBrockovich]

Agreed. The great panther assets were a fantastic opportunity for GSVR. I expect silver prices to stay between 19 and 26 dollars over the next few months. Once the FED pivots in 2023 silver will go on a run above 30 dollars. How high? I am looking for a modest range. Like 30 to 50 dollars.

[LittleOwl]

I also added to GSVR and bought PGDC at 2 cents. Looks like the Silver price has taken off and $20 is history now. You may want to check out the posts of Dave "contrarian" Hunter and Chris Rutherglen who come up with the same targets from different methodologies: Gold to 3000 in 2023 and then a steep correction back to 2000 retesting the beakout and then launching back up towards $10,000

[ErinBrockovich]

I think it's better to look for silver prices that are reasonable. 30 to 50 is fair value in my opinion. And I expect silver to stay in that range for many months at some point in 2023. Now, we can expect volatility. And outsized swings upwards towards new highs are likely. So, above 50 to 100 bucks here and there make sense. But those big numbers will not last for long. 

[LittleOwl]

I agree that it's better to be conservative but a breakout above 50 if sustained for longer than a few days will trigger many technical and fundamental signals which will indicate that Silver is "in play".  There are no resistance points above that except big round numbers like 100. My target however is not a hard number, but it is the mining ratio of Silver to Gold and the

[ErinBrockovich]

Funny that. I watch the gold silver ratio closely. I agree with you. Gold tends to be less volatile and shows where silver will go. As silver moves upwards it can make some pretty wild swings. Dr copper is also important to watch. When both gold and silver move up at the same time it's because of inflation is high or the economy is picking up. The two do not always work in tandem.  

[ErinBrockovich]

With all that said. The biggest support for gold and silver is the oversupply of money. And the growing debt obligations that grow as interest rate hikes continue to increase. Everything changes when the fed stops hiking rates to kill inflation. So many near term catalysts at work with the macro situation.