Thankyou for keeping us informed of the Pascua stuation. I am a trader, and am not "in love" with any stock. However, imo, the market has already priced in that situation. The latest "Cot Report" was again positive for silver. The commercial's(so called smart money) again last week, as of Tuesday's data, were net positive on silver.SLW is a leveraged play on silver, so it has more risk. I am waiting for the candlestick's to confirm a buy signal before jumping in, but will hold my existing shares.(now 70% in essentialy cash...VTIP, currently).
No, but this is the game that's being played and continues to be the strategy. Regardless of the news, fundamentals, technicals, etc. continue to short the miners and precious metals to deter any interest in the market. Force the sheep into the equity markets where they'll soon lose all their hard earned pennies. when the collapse ensues. Smart money is accumulating hard assets. Paper will be worthless soon.
I must admit that I've finally concluded that with the creation of precious metal etfs the major instos found a tool to control the price of pms so they can accumulate without driving the price up. Set the dogs of HF traders on the etfs and control the pm pricing. Of course, like all grand schemes to manipulate a market at some point the artificial dislocation becomes unmaintainable and everything collapses. In this case it will be firing a rocket under the base price of PMs and watching them go to the moon, Alice. No crystal ball on when this will happen, but happen it will. And it may be an event that seems rather insignificant at the time.
Sense being the order of the day during a period the market is ruled by HF traders? I can only hope that this current slaughter in miners allows SLW to harvest some great deals.....because we aren't too far from a massive gold and silver bull mania market. I've been reading about bitcoins and realized that they were the signposts I have been waiting to see that indicate a starter's gun has fired to start the Gold rush. And, it turned out not be a starter's pistol, but a starter's howitzer. Tighten your seat belt, we are going on one hell of a ride.