The consolidation of CCU share price following announcement of first pour has been as expected and predicted.
The next move will be in anticipation of third quarter profits and share price will move second or third week of October and before profits are announced.
A move in share price into the $8 range is a reasonable expectation.
The following and worthwhile waiting for move will be when the fourth quarter profits are announced with the share price moving once again before the profit figures are released in the second or third week of January.
A move to above $9 would be a minimum expectation but above $10 would not surprise.
Naturally the market price of silver could shake these guesses. Positive or negative depending which way the price of silver is moving.
Those who are hoping for the destruction of world currencies through money printing and rapid inflation leading to gold and silver being a currency of choice are dreaming.
Note the sliding value of Euro has not stimulated massive accumulation of silver and gold by those affected and no subsequent surge in price of precious metals.
CCU is looking good in the six months ahead with greater possibilities in the future.
Vidi
The consolidation of CCU share price following announcement of...
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