It is very hard to know where this is going? only savy traders now, it has fallen to as low as .90 cents & gone all the way up to almost $30.00.
It didn't die at .90 cents, it may go there again, but if it survives it could come out the ashes & go back to high twenties, it will be a buy @.90, it will either go to zero, or be a 30 bagger.
If history rhymes, it may not be the time to buy yet.
sad,& manipulated as it may be, the bag holders lose. Money in stocks should not be empowered by cult or religion, and today even fundamentals. It is being astute & ahead of the big thieves.
BTW, when PMS rise, minor go up a little, but when they drop, the fall very exaggerated .
The small guy buying the run up or dead cat bounce, becomes the bagholder. The lawsuits, may well cause the fundamentals of this stock to negative value.
If you are a real talented day trader, you may be able to fleece some dumb players yourself. For now this stock is a slot machine, you occasionally have a chance to get your money back, & sometimes a little more, but most money the machine keeps it.
For now all I meant was stock price. For some reason the algos have doomed this one. It will have 10% up days & 20% down days & many in between it hits $6.00 & goes all the way down to a new low.
If you are a good trader & history is a good guide, you may be able to reap some good buck here. As a long term investor cash not margin, you may need to study a little more.
As silver moves down 1% this moves 4%, when it rises 1% this only rises 2%, by the look of things, it may be a good day trade for now, but I doubt todays up sticks. there again who knows?
If we close green, that means the sorters, must work in extended hours, even then, they are not mighty. Could you imagine how green we would be, if not for the massive gold sale?
All PMS plummeted gold dropped $50.00 in a mile second dragging silver & platinum down. Gold since recovered $20.00, until who knows?
Thank you HFT
silver is both industrial & precious & rare, therefore it isn't only governed by interest rates. When the economy really turns round, it could rise due to jewelry & tableware etc.
Even Zerohedge had a post not expecting hyperinflation for at least 5 years, and most likely not for 20 years. Lets face it , if they think it will take 20 years it means they don't think it will ever happen anymore.
SilverDoctors had a post that silver will drop to 12.00 & another post arguing with a blog who says it will drop to .50 cents.
KWN is also cooling down on their $1000.00 silver posts.
We have been in bear market real long all the bulls were in denial, now they are joining the bears. That tells me we may (I stress may) be at the end of the cycle. The bears made so much money against the bulls all the way down, now the powerful get the losers to change sides & fleece them once again all the way up.
For the next few days as Greece signs over all it owns, possibly even the people as German slaves. Like the biblical Joseph in Egypt, got all of Egypt to sign over all they owned to King Pharaoh, when that wasn't enough the people also became slaves.
After the signing Europe will take all, & give nothing to the poor Greek slaves. From now through the period of denial up to realization, my guess is silver will be allowed to recover the recent losses.
I expect a few up days to 16.00 per troy ounce.