Gold remains in its secular bull market. It took a year off dropping a whopping 25% or so, but one cannot discount the secular bull trend in place. We can have short term bear markets in there. Gold is only making a correction at this point, but the FED and cohorts slapped me in the face today! Vampire #$%$! EGO sits in strong support currently...
Cheap shares is right! Paying me a little dividend too! Sorry, I was looking over here and thought I had posted that on the EGO board. I have shares of SVM. Plenty of them!
The whole sector is beat up, SVM just has more shorts to give it that extra push when the metals are down! After today, many coming close to their 52 week lows, like SVM. As I said, the FED slapped me around today silly!
Im sitting here ready to take a small loss if this thing tanks this afternoon, how much cheaper can it get, it could easily break $2 this week, however it does look like silver is trying to turn positive on the day so who knows.
Unless you are a day-trader, why do you plan to sell for a small loss. Why did you decide to invest in this company? Make a few bucks in a matter of days? What is your plan? What is your investment time horizon? Do you believe Silver prices are more likely to go higher from current levels or lower?
Good luck with your trading decision. This stock is a long term play. The price this trades at currently is laughable. I'm not here to make peanuts. Silver has made a bottom and will make its way higher soon. Selling miners at the bottom is a big mistake IMO.