Now that the Ag price has broken significantly through both the 50 & 200 day MA the future is not looking bright.
The price as with other commodities is under threat of a total collapse back to the US$8.50 area.
The speculative money that to some extent drove this has been finding a new home in the $US among other things
If this scenario unfolds over the coming months as I have been expecting since Sept 09, the prospects for AYN are at best depressing and at worst the same as those of its previous incarnation MMN - voluntary administration.
Time is fast approaching for AYN to put up or shut up
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silver price under threat
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