Silver Lake Resources (SLR)

Discussion in 'Stocks & Derivatives' started by Greenman, Aug 18, 2013.

  1. SilverDJ

    SilverDJ Well-Known Member

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    That's why I'll be holding on. Haven't waited this long to bail a profit when things get exciting. Already extracted my money back years ago anyway, so it's a free carry.
    TGM also up 10% today.
     
  2. scott_reeve

    scott_reeve Active Member

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    Silver Lake at a 6 yr high. Mid-Feb 2019 wedge breakout turned into a substantial Stage 2 bull run on sustained volume. One of the better performing gold stocks around. High AUD gold price should help margins at its 2 Aus mines. Chart may be extended ST.
    [​IMG]
    (see previous chart for wedge breakout)
     
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  3. SilverDJ

    SilverDJ Well-Known Member

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    SLR isn't slowing down!

    upload_2019-7-22_12-17-49.png
     
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  4. leo25

    leo25 Well-Known Member Silver Stacker

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    This time ill remember to sell, unlike in 2012 :p
     
  5. Slimey

    Slimey Well-Known Member

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    I want a retest of 85 cents.....can someone please sell all their paper silver and manipulate the price down a bit.
     
  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    upload_2019-8-19_20-51-47.png

    That little thing looks like it might lose some altitude or is that attitude?
     
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  7. openeyes

    openeyes Well-Known Member Silver Stacker

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    Don’t get me wrong. I just want it at a more reasonable level.
     
  8. Slimey

    Slimey Well-Known Member

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    I was comparing the recent percentage gain between SLR and NCM.....SLR outstripped NCM so I am hoping that if there is a pullback in the gold price, SLR will fall harder and faster than NCM.
     
  9. openeyes

    openeyes Well-Known Member Silver Stacker

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    T
    This seems on the cards if gold comes back to retest $1380. Let’s see.
     
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  10. openeyes

    openeyes Well-Known Member Silver Stacker

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    upload_2019-8-19_21-39-4.png
    That’s a start
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    Several factors, a small gold retraction + a small general market recovery, booth of which almost guarantee gold stocks go down.
    So nothing really to do with SLR as such.
     
  12. openeyes

    openeyes Well-Known Member Silver Stacker

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    Agreed. Which makes it all the more attractive as an investment.
     
  13. openeyes

    openeyes Well-Known Member Silver Stacker

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    At a lower price point than it currently sits at.
     
  14. Slimey

    Slimey Well-Known Member

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    Watching this stock as closely as I have been, I cannot help but think that its price is a reflection of the gold price and not silver as its name suggests. It has gone nowhere with the recent rise in silver price. More profit in gold I assume.
     
  15. Slimey

    Slimey Well-Known Member

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    Broke the dollar on the fall. That is a psychological price. Interesting times ahead.
     
  16. SilverDJ

    SilverDJ Well-Known Member

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    Yeah, I was hoping it would hold above the dollar.
    Looking a bit shaky, but I don't see it going down much further, subject to something blowing up in the market.
    The heat has gone of gold in the last week.
    I still think it's a great long term hold.
     
  17. President Trump

    President Trump Active Member Silver Stacker

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    SLR has been dropping since 23 of July. At .958 is only 10c above its price on 4 April when gold was at still at 1800.
    Screen Shot 2019-09-13 at 12.16.32 pm.png
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Think it want's to fill in the gap at 94c, then touch down to 88c.

    It always amazes me how by people believing in charts it becomes a self fulfilling prophecy.

    [​IMG]
     
    Last edited: Sep 13, 2019
  19. President Trump

    President Trump Active Member Silver Stacker

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    I'm amazed that it doesn't follow the gold price more closely.
     
  20. Slimey

    Slimey Well-Known Member

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    It does not have the strength of Newcrest. It is now 33% off its high.
     

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