big drop in silver price, page-5

Ange,

Re your ' ... not sure of the implications for AYN'; keep in mind the following (the main game):

1. They're just about to pour their first silver ingots,
2. The company is run by a first rate team, and
3. That team estimates that their production cost/oz is just $14.

The fundamentals are on our side.

In addition, the USD is in strife (who wouldn't know that?) and serious players in the US financial markets are heading for silver (e.g. Bill Gross of PIMCO).

As a technical trader I'm utterly opposed to 'averaging down'. But this drop, I think, will not set up a share slide, so I'm inclined to top-up.

Reading your (valuable) posts, I know that you know all the above, so my two bob's worth is meant simply to act as a balm.

(Stops in place, always.)

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