There is definately going to be some resistence at $40. There are a awful large number of traders and momentum traders in this stock. However, it will eventually break $40 and move much higher. With the ECB, Fed, BOJ and China printing money like crazy, IMHO, SLW goes much higher. Good luck to all.
totally frustrating, but this is gonna take time, cant believe how foolish one is to sell this stock here, SLW is the mercedes benz/bentley for silver investors....earnings this period will also rally the stock.......I see silver back to $47, nothing is gonna change this huge global mess.......
of course there will be;has been for the 5 attempts the past year.
today,10-01=12,as I post,we dropped 2% from the high of the day.
We opened way above the UPPER BOLLINGER BAND---whenever that happens (with any stock) it will revert back into the groove.These extreme openings are always a signal to take at least some money off the table.
If you disagree with me,I could care less...I got my gain out at 40.33, practically at the open.