I dumped my GPL Friday at a significant loss. While I believe the junior silver miners are due to breakout in 2013 it was clear to me that no rally is imminent. I was wrong in my prediction that the price of silver would soar going into the end of 2012 especially once QE4 was announced. The exact opposite has occurred which defies logic and fundamentals but as they say price is truth. I may buy back my position in February but more than likely I'll look at better positioned miners. I'm not bitter; I know when I am on the wrong side of a trade. Best of luck to those of you still holding.
iwynne, I think you will regret for selling GPL at this price. You should have cost average down. Anyway, I bought 5K more at $1.49/sh today. I am very very confortable accumulating GPL at this price. I am very sure Silver prices will rise dramatically in 2013. GLTA and have a Merry Christmas and a Happy New Year, and Yes Da Ba Dumb Dumb I say it on record I BUY at this price and I will say it on record when I SELL so that dumbo don't the truth. I still say DUMBO has no brain.
I have held this stock from LOW $2's range to mid $1.50 range. WHY! Look at a long term chart, alot of stock was purchased from $0.50 to $1.00 range 1-3 years ago. If like many others they are sellers with worries of higher taxes in 2013, also look at leap in VOL. to 5X nmormal (blowoff on VOL. signals bottom?), this is the tech. picture perfect blowoff. SOMEBODY LIKES THIS STOCK!!!! Look at the fundamental as proposed by MOTLEY today. Increase production, RISE in silver prices, stock price near 52 week LOWS (In fact set new lows). All this adds up to a buying opportunity you very seldom get a chance to see or take advantage of. BUY THIS STOCK and 2013 will return your investment at lease 2x or more times. IF Silver goes to $40 per oz (I believe that is a very good possibility and Gold to $2000 in 2013.) you will earn handsome returns with minimun downside exposure. I now have a average price on 15 k position at $1.80 and will add more Monday at $1.50 range. Buy in CASH and then add at $2.50 range on the way up. Then look for ????? $3.50 to $5.00. STRONG BUY RECOMMENDATION from a old time trader 50 years +. Have a Merry Christmas and Happy New Year. CONSIDER THIS MY CHRISTMAS GIFT to YOU! BUY STRAW HATS IN WINTER TIME!