Thanks Systematic!
Regarding the price of silver as this is the vital element in any possible recovery of CCU.
Firstly the POS is unpredictable. A big problem.
2. The next six months could well see a decline in POS.
Usually AU$ moves in a compensatory manner though.
3. "Everyone" is predicting a surge in POS. So guess what!
4. Quantitative easing, currency crashes, increasing industrial use will lead to shortage, and so on--- will lead to surge in POS.
Yes I know. I know!
But it aint necessarily so.
Pundits are sugging a $30 POS relatively soon and surge of POS sooner.
Well why not $15 for the POS?
While $15 dollars is highly unlikely so is $30 this year and probably next year.
A drop to well below present price would not surprise.
Be cautious in joining the "band wagon" that POS must go up, fairly soon and substantially.
Was a lone voice in suggesting a POS close to $20 when the price was much higher.
Have more recently suggested moving in a range between $20 and $22.
$16 to $18 would not surprise.
In the end all this is unpredictable and this post is a figment of my imagination.
Your guess is as good as!
Cheers
Vidi
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