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Endeavour Silver Corp. Message Board

scraven71 2 posts  |  Last Activity: Nov 5, 2014 11:29 AM Member since: Jul 24, 2007
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  • Reply to

    good lord

    by wallstbull72 Nov 5, 2014 10:06 AM
    scraven71 scraven71 Nov 5, 2014 11:29 AM Flag

    I hate to say it but sub-one dollar stock price is looking more and more possible--how long can producers lose money while depleting their reserves .... not a viable business plan--.there is a silver glut as too many companies have expanded production.....it will self correct over time as no new mines will be started now, but a lot of producers will be going out of business and it will likely be many years before the excess is worked off. For now, we are lucky the overall market is at record highs. If the overall market breaks, EXK could be under a dollar in a month---and then we have tax selling season that will be a huge factor with so many other stocks up and the miners one of few areas to be sold for tax loss harvesting. I have taken most of my losses (way too much, unfortunately) but am still holding some in the hope I am wrong....

    Sentiment: Sell

  • Reply to

    Ever since EXK closed at $3.15 today....

    by quailrunrd Oct 30, 2014 9:22 PM
    scraven71 scraven71 Oct 31, 2014 11:51 PM Flag

    As I recall, silver was $4.50 or so about ten years ago and $12.50 in 2007. As the World fights the worst deflation threat in 75 years, $16 should not be a shock......but we need inflation or at least the threat thereof now that the J. P. Morgan conspiracy theorists have left the market.

EXK
2.74+0.11(+4.18%)Jan 30 4:03 PMEST

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