SVM will hit $15 but not this week...This stock has had a beta of around 2.00 for a very long time. What is good about today is that the overall market situation (the stock exchanges) are what probably pulled SVM down. And, today's movement did not reflect the full beta of 2.00. If it did the price move down would have been more. This tells me this stock is very strong and hold hold hold. Also, we're a little overbought here so look for things to possibly move down even more. The fundamentals are all there for this stock for the upside and we can't have a 2 or 3% gain on this thing every day. This is the normal flow of the market....
dont worry about the shills. They are the weak hands that sold at 12 dollars when I said to wait until near march at least. Well they got what's coming to them and now they are praying for this to drop now. Remember my analysis? at least 15 dollars by year end without silver moving from 30 dollars
if silver does move up more it will be 20+ dollars by years end. If silver goes parabolic then svm might hit 20+ dollars before years end.
Amazing they shorted the futures to death AS EXPECTED, by the blythe masters. One last ditch effort before march 1st?
Well the smart ones already said tunisia will spread to all others and light the fire of freedom to spur revolts from dictatorships.
But no people think it will not. Then they grasp at straws once it happens. They say that those things will crash the silver market.
ROFL wth are they thinking idiots I say or delusional at least. It is the fundamentals dollar and silver could still go up at the same time. I already said this it depends on whether or not the market sees silver as a industrial metal or a monetary metal.
If the monetary side wins out then there she blows up up away. If it is industrial then it might get hurt more short term.
But as with all wars it increases monetary destruction of fiat currencies again and military always need electrical equipment and medical equipment thus silver.
The markets can get killed but silver does not need to go with it as long as leverage is not used.
I got in today @ 13.11 which is little too high. However tomorrow I expect SVM will bounce back to 13.30 +/- 0.20 as long as Dow does not tank. Anyhow Silver price will not go down until Lybia situation is stabilized.