Spot Ag dipped below 19 this AM, Today will be interesting...
I caught an interesting Seeking Alpha article titled: "What it REALLY Costs to Mine Silver: ...." by Hebba Investments back in October.
I'm really not an accountant type, but the arguments made to determine "The true cost of Mining Silver" seemed not only good, but the best I have ever seen.
Costs at PAAS ( 25), EXK( 25), HL( 22) etc were given and the lowest cost was AG at under 20, but above 19 I assume :)
YES, the market can play games with our minds, but unless the LAW of Supply and Demand is going to be rewritten by folks with derivative on leased Ag, or whatever it is that is moving the price these days, the price of under $20 IS ONLY TEMPORARY.
The only question to my thinking is how temporary.