AYN 0.00% 0.1¢ alcyone resources ltd

12c barrier, page-26

  1. 12,342 Posts.
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    Silver has now settled at $ 34 / 35 and AYN's sp moved at about 1/3 in cents of silver price. If that can be taken as an indicator then we could expect sp at 20c when silver hits $ 60. Of course this is not an F/A based way to make assumptions but so far worked.

    Commoditiy prices will go up, must go up in LT. Otherwise exploration will stop which then will increase prices anyway. Latest price turmoil was caused by hedge funds which always will cause the spot price to move around the contract price. So we will see a lot of quick movements in the future. The last was a big drop, the next is up.

    $ 50 will be tested soon again, will be rejected a few times just to be broken. Happens so often, so will here.

    Didn't top up today, who knows maybe we'll get another chance at 10c. A lot of quality has been thrown away at very low prices during the past weeks for no justified reasons. I am sure AYN is one of those stocks.
 
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