AYN 0.00% 0.1¢ alcyone resources ltd

silver price under threat

  1. 272 Posts.
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    Now that the Ag price has broken significantly through both the 50 & 200 day MA the future is not looking bright.
    The price as with other commodities is under threat of a total collapse back to the US$8.50 area.
    The speculative money that to some extent drove this has been finding a new home in the $US among other things
    If this scenario unfolds over the coming months as I have been expecting since Sept 09, the prospects for AYN are at best depressing and at worst the same as those of its previous incarnation MMN - voluntary administration.
    Time is fast approaching for AYN to put up or shut up
 
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Currently unlisted public company.

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