People have been buying hard assets... therein lies the disconnect. Investor and industrial consumption of silver has advanced at a healthy pace in 2014 - This according to the Silver Institute!
I hope today was the day. Demand for Silver is up and prices are falling to levels not seen in years. GO Figure. Fake money being printed all around the world with nothing to back it up. Sooner or later people have to wake up!
Industrial demand for silver in critical sectors, such as ethylene oxide production, has increased significantly in the first half of the year and is expected to increase 23 percent this year to 8.0 Moz, according to Thomson Reuters GFMS. Ethylene oxide is a vital building block chemical, critical to production of detergents, solvents, plastics and a broad range of organic chemicals, and is an example of the unmatched importance of silver in industry.
Demand for silver in the photovoltaic industry has been driven by a global increase in renewable energy over the past decade, leading to a proliferation of solar module production. Metals Focus, the precious metals consultancy, forecasts that silver demand in photovoltaics will rise by close to 10 percent in 2014.
Another positive for silver is growing global semiconductor sales. According to the Semiconductor Industry Association, semiconductor sales were up 8.8 percent in May from a year ago. This increase is encouraging for silver demand because silver is used extensively in electronic products that contain semiconductors. Semiconductor sales in the first quarter of the year totaled $78.5 million globally, the highest first quarter total on record.
These two categories, investment and industrial demand, are important to the strength of the silver market and last year accounted for a combined 77 percent of total silver demand.
The Silver Institute is a nonprofit international industry association headquartered in Washington, D.C. Established in 1971, the Institute’s members include leading silver producers, prominent silver refiners, manufacturers and dealers. The Institute serves as the industry’s voice in increasing public understanding of the many uses of silver.
This market just doesn't make a whole lot of sense when companies that don't make money have stock prices in the clouds and companies that beat expectations (especially right after their IPO) and are taking market share away from other companies get punished. Go Figure!?? The price should be double what is is today IMHO!
Bashers smell blood and they always get more and more greedy when they do. Then the greedy get burnt because they don't know when to take their profits. Timing the bottom is never easy, but buying more shares at $5 is a steal... Long term this will be a 10 bagger, but once the market changes it could happen faster than you think. History always repeats itself!
It is cheaper than trying to dig up anything out of the ground!
Akamai has 1/2 the PE. I think a major sell off may be just around the corner. I would never go short on a stock and I have sold all my shares of Level 3. Just met with some major players in the market and the buzz on the streets is that a collapse is imminent. Take any profits now. Be smart.
Sentiment: Strong Sell
snook- You're absolutely correct. Physical demand for silver has gone through the roof and yet the prices are plummeting... Such a disconnect. That's putting it nicely!
I guess some believe that CDE is going bankrupt... Who would sell at these prices unless they thought this is the demise of this company. I wish I had some extra money to invest at $4.63. Buy low and sell high, yet look at the panic selling. You don't loose until you sell it.
..Bodes well for Palocity and the potential for going higher as investors are finding this a good refuge place to invest in while other stocks are a sea of red. No news or any other indication, but I'll take a 3.54% move upwards anytime. Nice to be above $21 again. We need to brake through $26 before PCTY can get back to the $31 high of the IPO premier date! Can we do it this year still??? Time will tell.
Unbelievable that naked shorting can drive a business down to these levels. I've seen a lot of stocks priced at bankrupt levels... Just check out all the gold and silver mining companies! This is the time to buy in these stocks as panic selling causes people to jump because they believe the world is going to end. There loss will be the gain for those with smart timing and strong convictions. Buy low and sell high.
Doesn't look good. If it brakes below 40.60 it might not hold and then it could drop to $34 ish for the next support level. I'm on the sidelines here, but it looks like more downside is going to happen before it rebounds.
Loosing money is something to worry about. Support has broken and if the next support level around $34 gets taken out all your gains over the year will be gone. Why not sell and buy in later at a lower price? The market is heading south and stocks that have such a high PE like LVLT will be hit harder than others. I'm waiting to enter in the low $30 range, but will wait to see if it stabilizes before trying to catch a falling knife. 1/2 of the current PE is still too high. Apples PE is much much lower!
Akamai's PE is now 34.07 and LVLT's PE is today still at 58.79- way too high! It could be cut in half and still be too high. People are looking closely at these things now that the market is going south. Time to get out and wait to come back in once it is back under $30. Take whatever gains you still have now before you loose all of this years profits. JMHO.
All of this years gains could disappear back to the mid $20 range for sure. The PE is way too high and it got way to far ahead of itself. As always it will probably overcorrect as it overshot on the top. You could be right on spot with $20.
Quick reversal from the record low today. I think there may be some taking profits from shorting to such drastic levels. It always goes beyond where the top or bottom should be, as panic selling and fear shook out weak hands. We will see if more short selling will allow it to bounce back up to $5 this time.
Looks like a great entry point!
LOL... I had my name YEARS before I ever saw yours... BTW many new investors in LVLT this year only know the price was going up up up... now they don't know what to do. Those who sold above $40 were smart and those who wait until it hits below $30 haven't a clue of how low LVLT can go. I've been in an out of this stock for years. Now that I'm on the sidelines... I'll wait until the dust has settled. Buy low and sell high.
Giving me thumbs down does not make it true... I was correct and as you watch all your gains in LLNW for 2014 disappear you'll wonder why you didn't take your profits off the table. Support broken and still bleeding downwards... No way to try and catch a falling knife!