CCU 0.00% 5.8¢ cobar consolidated resources limited

Hi Jason. On the Yahoo forum you were taking credit for calling...

  1. 636 Posts.
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    Hi Jason. On the Yahoo forum you were taking credit for calling the top of the PM bull market. The jury is still out on if you were right or not. I personally believe it is has not ended however the silver price has gone from about $50 then to about $20 now. A similar thing with LYC that you hold. The underlying commodity is out of favour with the investing public. I have suggest you learn about a thing called "Flovour Of The Month. Good Fundamentals take a back seat to FOTM.
    If the gold price takes off again, silver will follow and as silver is more volatile than gold, it's price will do better.
    Watch the gold/silver ratio. It should get smaller and then PM stocks should improve providing the DOW isn't tanking.

    BTW there are no REAL silver stocks in Australia. They do exist but only in the poorer counties like Peru. Silver here is mined as a bi-product of copper, lead, zinc and gold.

    Cheers,
    RR

 
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