Silver Lake Resources (SLR)

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

  1. SilverDJ

    SilverDJ Well-Known Member

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  2. Slimey

    Slimey Active Member

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    Just came across an article that, if it comes to fruition, may help pull the price down a little.

    "Big Warning in Gold’s COT Data The most recent Commitment of Traders data from the CFTC showed net commercial short positions at the largest level in the thirty-three-year history. Speculators had the second highest long positions. The RSI of the COT numbers are in a bearish divergence as only seen five previous times (7/23/93, 1/18/08, 11/27/09, 7/18/14 & 7/8/16). This makes gold extremely vulnerable. The cleanout of weak longs should see the price decline by 15% or more (below $1340). It will likely take a minimum of six weeks in a choppy manner with possible retracement rallies of 50% from the $1543 high of September 25th."
     
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  3. Slimey

    Slimey Active Member

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    hero to zero in 2 trading days. This stock is not good for the heart.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    SLR usually drops when the All Ords has a good day.
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Six weeks to save funds before backing up the truck sounds good to me!
     
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  6. SilverDJ

    SilverDJ Well-Known Member

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    I've got cash, more cheap gold is fine by me, I'm already free-carrying SLR.
     
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  7. SilverDJ

    SilverDJ Well-Known Member

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    SLR up again today (7%), and on the back of a FALLING gold price o_O
    Somethings up...

    upload_2019-10-30_21-30-47.png
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    The recovery continues since the Egan Street buyout was settled.
    Still over $150M in cash, no debt, and production is really ramping up.
    Any large increase in gold price will make SLR really take off.

    upload_2019-12-4_11-39-16.png
     
    Last edited: Dec 4, 2019
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  9. SilverDJ

    SilverDJ Well-Known Member

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    Another 7% jump today, not really off the back of anything either that I can tell.

    upload_2019-12-12_15-31-8.png
     
  10. SilverDJ

    SilverDJ Well-Known Member

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    Another 7% jump today, not really off the back of anything either that I can tell.

    View attachment 31068
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    Hope the ASX200 reweight the gold miners. Atm SLR is only 0.05%, be good to get it up to 0.15% then we will be back at 2011/2012 prices :D
     
    Last edited: Dec 12, 2019
  12. scott_reeve

    scott_reeve Active Member

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    SLR update:
    [​IMG]

    seasonality:
    [​IMG]
     
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  13. SilverDJ

    SilverDJ Well-Known Member

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    SLR going gangbusters again. Fantastic recent quarterly report.
    Getting toward $200M in liquid assets, still no debt, it's a cash producing cow!
    Looking like a breakout in the share price.


    upload_2020-1-20_12-16-31.png
     
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  14. openeyes

    openeyes Well-Known Member Silver Stacker

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    More of the same please
     

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