Yup. the difference is that we are not in financial crisis or u.s. economy turmoil like last time. it's a currency shift. The dollar and rates are both expected to go up "short-term" anyway, Bond is the way to go for most hence the price dropping for both market and metal.
This is probably just a short-term event. Dollar will eventually have to drop and come back to earth. It might take a year or longer?!
Silver is probably closer to bottom but gold still has room to trim. For SLW, I don't like their gold position nor the margin they have on gold. it's a bad move.
My understanding is that Alexco is on the hook, but for the time being till it returns to production, that shut in stream contributes nothing to SLW
so alexco closed their Bellekeno mine that had costs of 16.10 oz......ok....what happens when silver is $25-30 oz again and this mine opens back up.....doesn't SLW stream begin again? or are you saying this assset is a completewrite down forever?
what happens, if by the time this gets to court, slw is 20 a share? what happens if slw wins in a reduction of tax bill or is upheld in tax court or settles? What happens if canada realizes they don't want to drive this corp out of canada to a headquarters in barbados?
Why is silver down? Is it supposed to be another safety heaven besides gold? Also, SLW is no longer a mere silver company. it is a SILVER+GOLD company now.
Sentiment: Strong Buy
The LONG, LONG awaited prediction of things to come has arrived, and the banksters are powerless to use their manipulative techniques to stop it, as they have done in the past.
It won’t happen in this country, but any stories anyone has dug up that the elitists/bankster have gone into hiding (more than usual) would be a huge news story, not to be found on any of the major news outlets, however. Armageddon has arrived for them. This would be the first indication that the gold standard is on its way to becoming reality.
The trend reveals that for some reason players would rather hold government debt over the weekend as opposed to hard assets and perhaps even equities related to hard assets.
Tried to warn my POOR sweet amateur silver/gold SUCKERS and BORN LOSERS, again:
NO FLIGHT TO SAFETY value = WORTHLESS WORTHLESS WORTHLESS!!!
MASSIVELY BEARISH trading action in ALL the FATALLY WOUNDED silvers and golds.....look for a PANIC SELL CRASH to massacre SLW mega bubble at any moment...much DESERVED!!!!
threebucks for a simple loaf of breadeggs $349 per dozen. Chinese guy cannot afford to deliver any more unless a $15 order! and janet is raising ratwes? oh yes trouble ahead for the market.better buy gold or safety will soon be the wise movegold going up before xmas. and so will cheaper food like chicken. if you can afford to go to the store with workers gettin1 an hour; minimum wage