First trades in the electronic market show the stock indexes testing the lows of last week, DOW off 245, Gold testing its highs at 1685 and Silver rallying a little over one percent - 50 cents to be percise. I ask myself:
Will this silver rally hold or will the metal fall as US trading gets underway with everything else except gold. AND is a 50 cent rally in Silver enough to hold AG over $20 in a two percent down market world???
right now I sense that those looking to buy at lower prices will get their chance. All I have to say is the earnings better not contain any negative surprices or AG will be a mid teen stock in a hurry. These markets will not be forgiving of anything short of and I suspect not very rewarding of "as anticipated" results.
Up then down and all around....we didn't get the best of the silver move in the US markets. Now up less than 50 cents and AG acting weakly....fairly discouraging...Guess we have to get flushed out somewhere along with everything else before a turn can be put in...Earning out on the 11th...