The market is a fickle mistress. There is more to the stock price than just silver. While it does definitely have an impact, there are a number of other factors that can make the stock price rise or fall.
At the moment I would say that the stock price is being affected by which side of the bed Trump gets out of. If he makes a decision that is favorable for us, then who knows where it could go. It was only yesterday we were ordering our third yachts when silver was heading deep into $33 territory.
Tomorrow the RBA announces if there will be a rate cut, this might also factor into markets decisions.
Today felt like there was some manipulation going on, trying to open low and keep the price down. So who knows what tomorrow will bring, I guess we will find out when it gets here. What I do know is that I picked up a couple of million while the going was good.
ARD Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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