Dear holders
I'm reading some comments and sincerelly I respecfully disagree,,,
All metals have cycles... We just came froma very bad cycle with plenty of bad forecasts (inclusive the worst talking about 1300 and we arrived very close 1321)
Its naturall the companies was beatten strongly ,mainly because some have high costs..
But not all..
The market in general priced down everybody...SLR is not different,...To be honest is certainly one of the worst victims of that generic views..
Naturally,slowly the marker day after day will notice the bargain...
I saw last night on TV a broker stating he is ready to buy SLR just waiting stabilized...
Looks the range 0.70-0.80 is the stabilization the market want to see to than go up.
Nobody can clearly forecast the price mainly because some people everyday drop(or bet up) as consequence of the daily GOLD price...
This is non sense..mainly because the profit of SLR will comes even under the worst scenario (1300) ..meaning
at that stage all purchases are good ones and all prices (over 1350 to 1450) is highly positive to SLR.
cato
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