Re: Pick a price for silver
in response to
by
posted on
Jul 16, 2010 01:17AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Hi all,
Interesting developments happening across silver. With guys like Sprott coming up with new products that will further pull more physical silver out of the swim it seems that the physical crunch is coming soon.
I am not going to comment a lot on the litigation propoganda on the silver manioulation. I will believe it when I see something meaningful but GATA seems to believe something big is around the corner on this front and they are totally connected to those supposedly in the know.
In the end physical demand will out strip paper and as some said earlier, they are all in for when that action begins.
Well as of today I own way to much ECU. After the last news release I have to believe that a substantial amount of risk falls off of this stock and now there is more risk in not being in with a sizable core position. Particularly those who have been holding and believers in this stock going back 4-5-6-7-8 year. So much for holding out for my stink bid to get hit. I just did't have the patients.
I still say there is real potential for PM shares to get hit hard when the general market gets tagged just yet. But having said that PM shares have been starting to separate from the general markets over the last while and have started to follow physical Gold and Silver with more conviction. (another indicator that we are closer to the starting line for the JPM sector)
The big question in my mind is!!! Are the hedgies that are holding stocks like ECU down (and they are) arogant enough to hold on to their short positions long enough to get really burt? They work in conjunction with each other now. But what happens when they ar eall feeling the pain.
Who knows but I to like others here am now all but in for that action. I have a whopping $3000 left in cash after today. Any body got a $.05/share winner u would like to throw out there?
I am only 41 years old. If I am a few months early to be all in before JPM's actually hit the eventual bottom so what. I don't need any of this money for 15 years.
Good evening all,
Deno G.