How can street downgrade a stock after the marketcap has lost more than half of it´s value ?
I think they are a little late here...
Because gold is under pressure, makes silver worthless !?
But the big news is already here !
AG is NOT the worst performing mining stock right now. I see PAAS and EXK are even worse
Last 3 months:
Gold Compared to DJI - Minus 20 %
SLV compared to GLD - minus 10 %
PAAS compared to SLV - Minus 5 %
AG compared to PAAS - Minus 17%
Talk about a bad performing stock here - without any fund.mental negative news.
I am happy, that they didn´t close the Orko deal. Then we would have been below 10.
AG went from 23 to 18 on the Orko-bid. After this, we have not been above 18, even if the Orko-deal ended up with money for nothing.
Really strange. Now it´s like and invisible hand above the quote.
It´s obvious, that sellers press down the quote with a block, through all levels.
We heard you. Then wait to cover. Silver could easily rebound to 28 within one week.
Remember - silver is just hammered because of pressure on gold.
Industry needs silver - not gold.
Not after it passes next time.
Silver is a safe play. Just because gold drags it down, does not mean, that global demand disappears.
Remember that !
25 today is possible, if gold goes back above 1400.
But no one can explain, why silver is trading here. Absolutely no reason - just foolish gold-rumors.
Gold could trade at $1, and it would not made a difference, but silver is needed in industry.
If silver price continue, we will face a lot of mergers and buy outs.
It´s almost cheaper to buy good companies than explore.
we will see a lot of mining close down until prices go up again.
Difficult to see, how it will be possible to fill up the global supply of silver.
Forget about gold here. Silver is a material, too.