Well, it does mirror the TSX indice. Easy answer is volume - If people sell shares around this price (as I am considering doing for more profit taking) , we should also have new buyers come along and it could open up resistance areas to get thru. I don't have access to the resistance and support areas, but it has been acting toppy around 2.30. We need to break thru and move to 2.40
You talk as if SVMLF hasn't had any gain with the price of silver. Better double check that considering we were below $1 not long ago.
I am perplexed myself. Worst performer I own. I have plenty of shares here. I don't need more. Performance lacking, why? Not even insider, shorting, institutional buying/selling is showing why. What is going on? Naked shorting or ?
It's only valuable if you trade daily. We are in a bull market. No need to sell unless you need the money or are a swing trader. I do trade, but I don't always have the time. If it drops more, like to $2.50 - I will add.
Out of all the companies I own in the sector, I have sold more of this for loss than any other. I still hold some shares here, but I wish the company was run better.
I never understood why the called the fiat, "Dead Presidents" - That would only apply to some of the bills like Grants and Jackson. The highest in circulation is Benjamin Franklin and in addition Hamilton was never president either. They got rid of Jackson because he was anti-central banks. Hamilton worked for the Rothschilds. They are having a friggin musical about him. This stuff is out in the open now. We are watching.
I should say look at what the dollar has done over the last couple months, Today it is up. I am glad. We don't want parabolic anything. Enough of the bubbles.
You must consider real inflation. Why would the market go up too? Look at the dollar. China announcing they want no part of the US dollar with their gold-backed Yuan and will be inducted to SDR basket later this year. It will basically gain 20 percent right out of the gate. Weaker dollar, stronger market and commod numbers, with gold and silver outgaining everything else.