SLR 0.00% $1.57 silver lake resources limited

Ann: September 2012 Quarterly Report , page-25

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  1. 14,444 Posts.
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    Seems strange seeing IGR up 0.93% and SLR down 1.7% but most of that just reflects IGR closing at a bigger than usual discount to SLR yesterday.
    I bought back in early yesterday and topped up today.
    POG broke out of its downtrend last night after looking like it might do so yesterday, although can't be sure yet that it's not a false break. I'm obviously betting on it not being a false break.
    Market obviously nervous with NCM up 1.5% earlier and now down 0.2% although RRL up 2% after gaining around 3% yesterday.
    Was hoping to get back in closer to 3.10, but you can't always count on getting the price you hope for.
    Might see a few days of volatility before direction becomes obvious but yesterday's SLR candle looked like a potential reversal signal and;
    The HUI is showing strength. It is only 4.5% off its Sept high which is a very small correction relative to the uninterrupted 31% rally off the July low.
    Seeing the charts on the link below was the main driver getting me in early yesterday.

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/30_Richard_Russell_-_Big_News_For_Silver_%26_Frankenstorm_In_Stocks.html

 
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