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Great Panther Silver Ltd Message Board

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  • seasonedspec seasonedspec Dec 13, 2011 2:09 PM Flag

    See that volume...

    It appears that capitulation by longs is now underway in earnest. Some stubborn longs like me are continuing to buy at these low prices. I don't know when this silver market will turn up again, but I know that it could happen at any time. Currently is it better to buy or sell? I've been buying silver coins while prices are low and while bullion is still available to purchase. Once our fiat dollar has lost most of it's value, those silver coins will be shining brightly. SS

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    • SS,

      It's all about timeing.

      Right now with the euro tanking
      and the dollar rising we all know that it's not the time to be buying any PMs or mineing stocks.

      With Europe in recession
      industrial demand for silver lessens,that is also contributing to silver prices falling.

      Right now there are just to many headwinds
      to be in the PM sector.

      Re: GPL

      These guys just miss expectations time after time.

      GPL and its shareholders would be better served with EXK
      running the operation.

      When the price is low enough EXK will make an offer and hopefully it will be a big win for GPL shareholders.

      The way to play this
      was to SELL High,
      like I said to do around $2.75-$2.90
      let GPL fall,
      then buy back in before the buyout offer is accepted.

      If you ride it down to $1.50 and the buyout is $3 you've made nothing,
      where as if you sold at $3 bought back in at $1.50 its a 100% return.

      I can lead these longs
      to the water but I can't make them drink it.

      My only concern now
      is to stop them from
      taking anyone else down with them.


1.29+0.050(+4.03%)4:00 PMEDT