Stocks never go up or down(unless the company goes belly up) forever. A monkey can see SLR's SP has been consolidating in the low to mid 40's over the past couple of months. Soon the SP is likely to go one of two ways. If you're in it for the long haul then this wont affect you and you can put them in the bottom draw. If you're trading on a shorter time frame then play what you see in front of you.
Many/most economists are predicting gold to plummet. The contrarian in me see's this as an opportunity to get in for a short term trade. At the end of the day no one knows whats going to happen over the coming months and years. there are fundamentals supporting both the bull and bear theory. This is uncharted territory as far as gold goes.
SLR Price at posting:
41.5¢ Sentiment: None Disclosure: Held
