The Broken Silver Parabola
Now looks like another very good risk reward for being short. The "support" at around $18 has been broken. My target to the downside would be and has been marginal cost of mining.
See the latest Pan American Silver investor presentations, for example. Based on the chart above, the production growth despite declining prices, and the mines' cash costs, $10 per ounce sounds about right.
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8 comments:
Yeah,make enough bear calls and your bound to get a hit now and then.
great call whydibuy
your
you're -- type it often enough and you're bound to get it right -- like a monkey
but I certainly would not want to be long Ag right now
whydibuy,
you did look back at CPs posts from 2011 calling the top, right?
Open mouth. Insert foot.
Thanks, Anon #1.
As for our resident spellchecker, a thousand apologies for a misspelling. We do notice the ad hominem attack but no counter to the point within the posting. Short the S&P this year, bear ? Up 8%.......ooops,lol.
Again, Eah, call enough "tops" and you'll eventually be right.
BTW, where is that other bear clown something "prosperity" who sees broken chart lines of doom in everything? I think he said the economy would be in recession about now. Ooooops.
whydibuy is still waiting for his huge comeuppance
while you're getting yours in the bear camp, why buy.lol.
Yes, the credit bubble short ideas like RSH and SLV and WLT just keep going up up don't they?
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