This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.
I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.
Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.
overextended upside market as bonds and bills have no yield with money managers.
85 billion a month to keep the economy from crashing, does it work?
ask France, as they just entered another recession.
In Spain they are organizing militias in the country side because of the crop thieves
They downgraded Warren Buffet today........... ROTFL.........
Analysts are just pathetic..... and should for once look for a real job.....if they can find one....... may be picking up cotton,..........
Great job, nice call, you guys are right on top of things.
Endless wall street stupidity.
Stupidity and fraud that will never go away---Politicians and Wall Street!
Lets lower the blood alcohol limit to .05.....morons, just morons.
Sentiment: Strong Buy
Tell me something that is not manipulated nowdays..........
It's the new reality of computer vs humans..... and humans always lose because they programmed the computers that way.....
Agree. We have had an avalanche of buy recommendations from Motley Fool, SA, The Street, etc since the first of the year and the stock has done nothing but go down. Now they are all saying sell. Looks like a good time to buy. So many criticize weather forecasters but they are 10 times more accurate then these stock analyst.
Silver prices are at the gighs of the day.
SLW had a nice run from the lows and is off already 2% from todays highs.
Silver is selling off with gold. Isn't Silver an industrial metal.
If so , with markets at multi year highs, shouldn't silver follow also?
Somebody IMO is manupilating the price of Silver.
Yes.....Downgrades mean: BUY in WS jargon....... misleading people all as usual with empty words and promises.
The currency race to the bottom along with one of the top teams in the world, Abenomics, has distinguished itself as the premier event of our times.
We no longer are winning the race. Lew knows it, Ben knows it. It's their way of excusing what they're doing.
Thus, the almighty Buck strengthens and PMs lose their luster.
Wait for the pitstop and the lap count.
The buck is still losing steam, just the measurements have changed to protect the guilty.
The games will continue and PMs will have their day.
Buy when others cry.
GL
slw downgraded by the street today. looking for better price
Jesse Jame Krammer! :o)
All you need to know is the FED in collusion with the US Government is crashing down paper gold and silver to shake out cash for the stockmarket and silver will be in the pits until this stockmarket which is being supported by the FEDs $85 billion money printing and lots of bulls##t and duct tape collapses and that may be awhile yet. Keep you powder dry for quite awhile..
As I watch my financial insurance continue to get beaten down it got me thinking about my other insurance. I ran the numbers and between my health, auto, home and investment property insurance policies I have paid out over $50k in the last five years. I am not unhappy about that 50k paid for various insurance protection policies. In fact, I am glad I have not had to use the insurance. That $50k is gone forever, It has no cash value, but it did the job it was intended to do, it protected me form potential financial disaster.
My PM financial insurance will never go to "no cash value" and it continues to do the job of protecting me from Fed printing and stupid politicians. I hate these corrections but sleep well knowing I have the protection.
Sentiment: Buy
I like your thoughts on silver!
Growing Chinese retail demand should support the POS, but on the other hand the metal's supply side does not look rosy. There's a significant oversupply which won't go away overnight as it took several years to build. Instead the producers will try to squeeze their costs in order to stay in production and generate cash flow as long as possible. So the bottom in market price might be somewhat flexible and not as robust as investors in the metal or in companies like SLW would like it to be.
Ehhm... why?
Nothing to see here folks!!! Just another SHORT BUS MORON given a little time on the hospital PC!!! Poor bastiche lost his mind a long time ago!!!
Its a secret thought of mine that almost everybody here is a rabid contrarian - even the shorts. Why would a normal short go out of his way to fine such an excellent company when the sector abounds with Mediocre companies - many that will be on the verge of bankruptcy (the Short Dream, I guess) if these PM prices should stick around very long... and I'm very much a contrarian, just a cautious one.
I bought in yesterday at 22.16 then spent the evening with nothing more interesting to do than try to find everything I can about what supports the price of Silver. There's over a million Chinese Housewifes, there's dwindling government reserves, there's the miner "cash cost" and there's something being called "all-in" costs. I searched and read more and more late into the evening.... and its a lot of information and no precise way to determine anything. And bless the millions of Chinese Housewives, but their husbands are likely to trade her Gold / Silver for ground up Horn of Rhinoceros powder, so what do they REALLY know about all this stuff anyway?
THEN "The Street" came out with a "Hold" after re-iterating their bullish sentiment over and over when SLW was in the middle 20's.... and lower 20s.
THAT DOES IT. Not scientific, I know, but If the Street is saying Hold then this stock is set to bounce - somehow, someway...
And all silvers can only be viewed as being worthless, since they have failed to protect investors during all variety of market and currency troubles.
5/15 MRIN jump 17% today stock silver mining Ag exk. Paas

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