Silver and gold stocks need to be bought and evaluated in 2 years. Money printing will continue.
I have been accumulating canadian silver and gold stocks and CCU and SVL here along with some goldies.
Nathan, thanks for your notes here and also for Aurcana( haven't bought yet but rather went for SLW)
You must check out Primero ( gold and silver), probably be one of the cheapest things I have seen and is a producer.
100 mill cash , 90 mill op cash flow and market cap 250 mill!
crazy!
With PM stocks like SVL, we need patience. The recent dip in gold and silver was liquidation, and it has caused a lot of technical damage so may take a while for confidence to come back. I was reading some time last week before the correction , that there needs to be huge correction that makes everyone doubt the bull, to shake out many, to make people doubt their conviction , only then can the next leg of the PM bull begin.
Gives us some more time to accumulate.
Well we are going to enter a seasonal high anyways from NOV so we may see resolution and a return to the uptrend.
updated valuation - 37.5 cps on $5/oz silver, page-11
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Last
10.5¢ |
Change
0.011(11.7%) |
Mkt cap ! $158.3M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $1.156M | 11.57M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 616000 | 10.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2430294 | 28 |
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