i agree, 'the perfect storm for ccu is starting...'
hopefully ccu will finish around 90c today.
however imo we should be conservative about the silver price outlook.
imo we should aim for a long term silver price of $100.00 and not $300.00 or whatever.
when silver reached $46.00 last year, it come back to $27.00. when silver reached $18.00 in 2008 it came back down to $10.00. silver will spike upwards again and it will spike downwards again.
imo when a support level has been breached, sell silver / ccu immediately, as 75% of silver mined is a by product of other mining and many of those miners will be shorting at that time or prior to that time, to lock in the high price of silver.
after all, we did have a major correction in silver in 2008 and 2011, which is corections in two of the last four years.
imo by doing that sooner or latter you will be free carry / close to free carried.
from memory, last time i sold ccu it was just under $1.00 and this time i bough back around $0.50.
of my major holdings, ccu is the biggest.
CCU Price at posting:
81.0¢ Sentiment: Buy Disclosure: Held
