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!!!!
some of the miners are going to $0. you were scammed by sinclair, schiff, and many others. hope u learned a lesson. they turned out to be bigger crooks than wall st.
Stop doing quadruple posts on the same topic just to bump up your postings.
Most people here are long-term holders of this company. The share price is mainly dependent on the price of SILVER - not on all of your unintelligent, brainless, idiotic types of rants which do not affect the silver market.
Though the interim flight to perceived quality that's flowing to the dollar, Treasuries and German bonds - but not to commodities - is affecting silver and gold right now, bear in mind that it will re-align soon back to precious metals. The strong dollar is a headwind to U.S. GDP growth, so expect policies for currency depreciation to commence.
Also, China is dumping U.S. Treasuries right now for multiple reasons - including the fact that they need to prop up their stock market.
Although news of a crashing Chinese stock market and the financial situation in Greece would appear to make gold a winner, counter intuitively it has moved in the opposite direction, down. Certainly there have been margin calls erupting in China and the need to fulfill those obligations. In the past that has always been the reason gurus have given for gold tumbling. That doesn’t appear in any reports we’ve seen, except for the following titled: “Why Millions of People Might Have to Sell Their Gold and Silver” by Casey Research on July 8th (day after a significant downturn).
The article quotes the following by Louis James, editor of International Speculator who blames China:
"The world’s biggest gold buyers are suffering a major liquidity crunch. Many won’t have the cash to buy anything, not even gold. Worse, hundreds of Chinese stocks are halted and huge numbers of investors are facing margin calls. That means that many who own gold will be selling because it’s the one thing they can get a bid on.
When a large number of buyers are forced to become sellers… well, counter intuitive days like today can make sense.
If I’m right about this, precious metals will slide until the liquidity crunch in China passes. We saw the same thing in 2008. But when this reversal happens, the rebound should be even sharper. Unlike most Americans or Europeans, Chinese people do see gold as an important form of wealth protection."
Smarter pros RESHORT and PUT every PUNY obvious DEADCAT BURP in these FATALLY WOUNDED silver/gold PIG FARMS......and will LUV to dance upon the graves of ALL these rotten silver/gold PIG FARMS, well before end of 2015!!
At this point, because of its share price, we are considering the possibility that SLW could become a non-expiring option if the price declines further. Option buyers, more often than not, experience the options they own expiring worthless, which is not the case for shareholders.
SLW is only one of many in the precious metals (PM) sector experiencing terrible performance. It is not possible that PM mining companies will not, in general, experience a turnaround, although some may fail, since that would be counter to all that is known historically about fiat money. The positive side of SLW is that it operates as a royalty/streaming company, and is not involved directly in mining. The timing of a turn-a-round is unknown to anyone, except perhaps central banks and the elitists who actually direct their operations. On that point it is probably more likely that a surprise event, even unknown to elitists, will overwhelm their ability to react to save the day.
We are looking at a Canadian mining company that now sells for around $ 0.30/share, when originally it was $62/share. It is experiencing debt repayment problems and may go bankrupt, but if there is a PM turn-a-round it could exceed 150 times current price. We did the research and don’t wish to reveal the name of the company.
Honing in on things like tax issues is just a minor detail in the overall scheme of where PM share prices will eventually turn around and resume their bull run. This takes extreme patience to not allow whip-sawing to destroy capital before that turn-a-round resumes.
It is interesting to note that SLW call writers are no longer engaging in LEAPS options, which could indicate they expect a turn-a-round soon and the risk of writing calls no longer makes them attractive. This is not subject to call writing for misinformation purposes due to the risk and cost factor.