fbx, just saw this after you brought it too my attention on the PEN thread.
I had an order for this sitting in the low 8's for ages but it must have disappeared just before this weeks drubbing. I just rang my broker and said whats up. It must have been sitting there for too long.
Anyway, before I bought some I double checked the chart and will hold off for now as I expect further falls in silver this year and didn't think ARD would be this low already. In fact I thought the 2011 low would hold *still may) but my preference now is for a lower low meaning 2012 is a correction year. I'm looking for a low in the 5's now.
This big correction in gold and silver is flushing out the weak hands that will miss the massive blow off phase to come in the next few years. You can't have everyone aboard now can you.
Anyway, good luck. I'll keep my eye on this but I must admit I expect further falls in stocks and commodities before the pullback is finally over.
EC
ARD Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
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