Awesome! I, unfortunately was all in already, but would have loked to get more at those prices.
This is my favorite miner right now and my biggest holding. Nice dividend with currently low payout ratio.
Net cash is much better that similar companies. And silver has a very bright and shiny future.
It has so many uses due to its high conductivity and, as others here have pointed out, the next big era of batteries may very well be silver oxide and silver zinc. Battery technology will be of ever greater importance as electric cars, airplane batteries, personal computers, cordless tools, etc., expand exponentially.
We may have to weather a deflation storm in coming months but PAAS will sail through it.
I sincerely hope that paper prices will begin to (be allowed to) re-align with physical demand.
I suspect Basel will soon direct the ECB to initiate another level of QE as it is Europe's turn in the orchestrated round robin debt monetization scheme.
or another 13.5% from here until what should be very good support.
If ABX goes below 19.89 then . . . well I don;t know.
IMO--Every inflationary move by the privately owned and operated central banks is done to slow the rate of the massive derivatives bubble deflation that has been going on for five years now. The little people see some inflation as a result of the banksters reflation schemes, but that could change for US citizens if the Eurozone collapses and a flight to the US Dollar ensues. Then you would see dollar get very strong and prices drop significantly. I suspect that the rulers don't want that, so they keep propping up the weaker member cartels. And they manipulate and set prices for everything they feel is important in order to create a false sense of "reality". davidharris825 above said it very well and I quote from his post, "the banksters can (and do) create artificial gold supply through lending and derivatives. Meanwhile, while spot price is artificially suppressed (which could continue for a long time). . . . Essentially, they have turned gold into another fiat currency. See the series or articles ending with zerohedgeDOTcom/news/2013-03-16/guest-post-gold-manipulation-part-3-systemic-risk-gold-manipulation"
End the Fed
Get out of debt slavery
Sentiment: Buy
i just started a position I hope I can hold onto for awhile. I don't expect demand for iron ore to improve, or coal for that matter, but the price of this company is getting better and better and off-sets the risks somewhat.
what the heck, I'm in now. good luck
got some at 20.13 and 20.15.