where will the sp go from here ?, page-67

“real final capitulation IMO is still to come as you must brutally shake out every weak hand before a true platform or floor is laid and then off you go with like-minded believers. It is still a plaything for too many. However, that time will come, rest assured.”

I don’t know how some posters can make statements like that. It’s not the first time I have heard it.
If $4 to 35c is not capitulation then what is?!
Some instos might also still be warning of a capitulation to come but IMO they say so only so they can buy as cheap as possible and with as little competition as possible.

“Why did SLR plunge over 90% from it's high to it's recent low with all gold and silver still in situ except what has been extracted? Overvalued at $4.00, undervalued at .35? You know the answer to that. Aside from cash issues, there is NO logical reason for this to have occurred.”

I disagree. There was a very good reason and it’s called leverage to the prevailing POG and allowances for the prevailing trend to continue. At $1900 gold, if the trend continued higher, $4 was justified. At $1180 gold and if the down trend in gold continued then 35c was justified.



The main reason I am only day trading SLR still is the ASX 200 issue.
That gets announced this Friday and SLR will most likely be out. I expect some fund managers will have sold ahead of this while others will have to wait for the announcement before selling. However I expect there would have been plenty of shorting ahead of it by hedge funds and individuals so there will be plenty of demand after the news. I doubt it will drop my much but that's guess work.
I plan on buying back in not long after the news and possibly for longer than just quick trades. I doubt I would sell any long term holdings now if I had any. This will be a short term issue only and the sp reaction will not necessarily be that predictable considering the market is expecting it.