Have a look at the 6 month or 12 month graph for SLR. The current rise is a tiny blip almost and it could easily resume it's trend down. Gold stocks suffered another big fall last night with all Gold Index's s falling around 3.5% and Gold falling another $10.
IF SLR has a floor of 80 cents it will probably be tested today. What would happen to SLKR if Gold fell below $1,300 then $1,200 .. there would be a panic to get out of Gold stocks and SLR would be hit hard.
SLR Price at posting:
83.5¢ Sentiment: None Disclosure: Not Held