excuses and whatever you wanna tell someone...The fact is the selling in this stock is relentless....The debt has exploded....The stock is in serious trouble.....These excuses are what you hear at the end of a bull market that has lasted 12 years.....Gold very well may explode higher however this company may not follow that move.....There is more here than meets the eye!!!!
This company is struggling to service their debt.They have the highest debt to equity in the industry and their primary and secondary assets are struggling to hold ground.This is a nasty concoction for a stock!!!!Could be a restructuring on the way!
Ya better look at the lease rates...They are negative......If there was such "REAL" demand those rates wouldnt be negative for over a month.........Retail buying coins is not the demand I mean...That is 30% of the market.............
NTR has same day delivery on any quantity you want!!!!!!!!!!!!!!!!!!
inflows into slv is providing the snowball affect....The support in gold and silver has arrived.......ECB gonna crush the euro tomorrow and the dollar will break out of the 4 year base...Could be a long day in the metals market today and tomorrow
70% of silver consumed is used by industrial needs...The buying of coins and jewelry account for about 25% of silver consumed......In order for silver to head higher we need inflation...We are seeing deflation all the while people are buying slv garbage.....This ETF is a scam that will pummell the spot price......350 million ounces ready to flood the market...........
Here is one key to investing.....When something does not go in the direction it should be very wary!!!!! Everything people are saying and writing means gold/silver should be much higher...THEY ARE NOT!!!!!!Fight at your own peril!!!
Ya cant have capitulation in any stock/unit when there are inflows comming in...This would mean that SLV in particular has a long way to go.....
You can buy as many as you want at NTR,Apmex....
Capitulation will take place when ABX is at 17, GG is around 20....Gold around 1350 silver around 19...
Good Luck
However when the discovery that the SLV/GLD fund has illicit bars these paper products drop outta the sky and the Street is now flooded with bullion from these inventories slamming the spot price...It will only take one bar of suspicion and poof!!!!! Flood of Bullion...........
And thats retail buying.......Retail is the weakest of the weak....They are weak hands thinking that buying silver will protect them against the inevitable collapse of fiat...When that collapse happens silver wont help you.....Clean WATER AND FOOD WILL WITH A GUN!!!!!!!!!!!!!!
This is NOT bullish news for silver or gold...In fact it is extremely bearish news in dollar terms...If you dont know why then you shouldnt be in the market.
However the paper market is ruling the physical market for now.....The only way this changes is when total faith is lost in fiat.For now that is not the case...When that day arrives we will not be worried about eating silver but where our clean water and sanitary food is comming from.
Not sure but ya better not be holding SLV if that happens...Everything will get sold and depending on where one lives it may not even matter.....
Hopefully you understand this is not inflationary news.....While the metals are money and are the ultimate store of wealth a look at the 2008 slam reveals that these banks use gold/silver as a margin call fulfillment....These charts do not look good at all and the the 2 consecutive months of negative closes are extremely bearish in this 12 year run..
GOOD LUCK............
How bout the fact vlo is up 100% in a couple quarters......Would that be a reason for people to lock in gains?
And the more you post fundementals the higher it will go....Plain and simple...
And the more you post the higher this will go...Plain and simple.......Fundementals obviously dont matter till they do and THEY DONT right now..........
Yep and it is stillllll cheeeaaapppp per wall street standards.....loooaaaddd upppp