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 Well-Known 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 Well-Known 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
     
  15. SilverDJ

    SilverDJ Well-Known Member

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    Your wish is granted courtesy of the best performing gold stock going around. Milking and hoarding cash like crazy. Up over 3% again today while everyone else is down.
    Clearing $2 is as near to a certainty as you'll get in the market at the moment.

    upload_2020-2-27_18-40-49.png
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

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    At this rate maybe SLR will join the ASX100 list by end of year.
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    I remember these days back in 2015. If only i purchased more. :oops:
     
  18. SilverDJ

    SilverDJ Well-Known Member

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    I bought all mine back in those 15c days. Sold a bunch at 50c or something to get my money back and free carry the rest. With hindsight should have just kept them, could'a-should'a. Still I'm very happy :D
     
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  19. LiverBird

    LiverBird Well-Known Member Silver Stacker

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    Getting smashed again today!
     
  20. SilverDJ

    SilverDJ Well-Known Member

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    Yep, people no doubt having to sell of one of their best performing stock profits to cover loses elsewhere.
    No fundamental reason for this stock to get hammered, it has no debt and hundreds of millions of dollars in cash.
     
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