Close to bottom for Ag prices
posted on
Oct 05, 2011 10:51AM
I was scoping the Kitco site and there are several commentaries that profess that the bottom price for Ag is in or very near.
I would love to see 100% of the leverage removed from Au and Ag trading but that's a future calamity.
In the immediate term, any dore that we have sitting around La Yesca is likely better held for a future sale date at a significantly higher price that the $30 range we see today.
Of course there is a lot of blood in the water and everybody is predicting everything just so that they can claim "I told you so".
Do your own DD and let me know if you find another gem like UC for future potential.
BTW, I am still hoping to get another 1000 oz of Ag at $24, which I missed in January of this year. If I can't get in before 12/31 will probably add to my bulk of UC again.
I hope you folks are weathering the shit storm out there Okay. Markets are up this am WooWhoooo. That $0.045 didn't last long .... remember $0.035 in 2009 .... my wallet sweats at the thought.
Aafab