Troyus, I hear what your saying there and you may well be right.
I just think this is more of a technical thing with both SLR and POG. Well mainly SLR. I stated a few days ago that the POG looked like it was going to bite it. Pure technicals there. Also we all know SLR was overextended well and truelly at $1.40 so a deep correction was on the cards. Well heres the correction.
You can tell she's near the bottom of the channel, because all the dire suggestions of SLR failing come out. She's not failing IMO and any talk of higher production costs is pure speculation.
Did SLR tank on the last quarterly due to the higher than expected production costs? No, it hit a new all time high.
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