On average, does anyone know how silver performs leading up to and after a presidential election? Also, looking at the dollar index, it would seem it may be due for a correction pretty soon. My best guess is that the end of this week or early next week silver will find a bottom and begin a move up.
I've held aunff.pk for a few months now and have a small position around .88 or so. I think the sell off today was due to the overall continued drop in silver, fear over where the silver bottom is, and profit taking. Keep in mind this stock was around .50 to .60 range for awhile so most of those people likely set stop losses to preserve profits in the .80 or so range, and when it hit that today it looked like a lot of sell orders were triggered plus the Greek news came out around that time as well. I currently own EXK, DSLV (3x silver short) and GPL. Right now I plan to hold these stocks and sell DSLV soon and use the profit from it to average down on the insanely cheap prices of stocks like aunff and exk. GPL I'm looking to liquidate sometime, very disappointing stock, but aunff looks very promising especially at these prices.