AYN 0.00% 0.1¢ alcyone resources ltd

has the rot begun

  1. 272 Posts.
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    I suggested a while ago that the silver price was in for a significant price drop based on the COT report showing commercials approaching record short levels.
    Has it commenced?
    Can the shorts knock it down to the $7/oz zone as I indicated?
    Time will tell.
    If they can this will add another nail into the AYN coffin on top of all their other obstacles.
    If AYN cant make a go of operations at $18/oz, how much worse are things going to be at $7/oz?
    Add in the baggage they already have to deal with on relisting and well its a recipe for pessimism rather than optimism IMO.
    Not to worry, future capital raisngs accompanied by more dilution of holdings is always an option, if things go sour.
    I guess others will not see dangers while they continue to push their barrow but look at the historical silver chart and see how they addage " They slide faster than they glide" holds true.
    Dont get caught in the temporary euphoria that accompanies a period of rising prices, it can rapidly turn into severe pain.
 
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Currently unlisted public company.

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