Why The Drop in SLR today

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 23, 2013.

  1. Greenman

    Greenman Member Silver Stacker

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    Quarterly due out, SLR up, others down. Hmm.
     
  2. Scyb

    Scyb Member Silver Stacker

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    Has it come out for SLR yet?

    Think Thursday morning will be the next instance of pain or gain
     
  3. Scyb

    Scyb Member Silver Stacker

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    Why was there such a drop today? Bernanke has not set a date on winding down stimulus and spot gold has held quite well? 5% drop?
     
  4. finicky

    finicky Well-Known Member Silver Stacker

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    ^^^ That's way too macro a view.
    Gold stocks are not the metal and many gold stocks fail whatever the metal price or what the fed's saying. Not a specific SLR comment, I don't know about it, but don't like any gold stock anymore that's having 'issues'.
     
  5. trew

    trew Active Member Silver Stacker

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    More sellers than buyers I guess

    Keep in mind that for US holders of these stocks the stock price is falling just because of the drop in the AUD
     
  6. MyNamesNotBen

    MyNamesNotBen New Member

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    SLR is far from having issues. SLR is thriving :) Any reason you haven't looked into SLR?
     
  7. Angavar

    Angavar Member

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    I've only had a quick skim through the quarterly and reserve reports released Wednesday.

    The good news seems to be that costs are down ($1090 all in sustaining) while production is up and forecast to increase further.

    Bad news was that with the low price of gold they have suspended development expansion and a lot of exploration, so people who were looking for exploration upside may have sold out - That announcement is not really a surprise though so I thought it would already have been factored in.
     
  8. trew

    trew Active Member Silver Stacker

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    The entire gold sector has had the shit beaten out of it
    Expect all kinds of moody swings
    investors are still on edge and traders jump in and out for the swings


    I have seen bigger insanity though
    During the 2008 plunge TRY was selling for less than cash value for a while - the mines were free
     
  9. leo25

    leo25 Well-Known Member Silver Stacker

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    I would say this is a good thing, as they have already been very aggressive with expansion and exploration.
     
  10. Lord_Dudley

    Lord_Dudley Active Member Silver Stacker

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    SLR $0.685 will this be a bottom for this month?
     
  11. NlightN

    NlightN Member Silver Stacker

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    I bought some yesterday at $0.76, I thought that was a good price :)
     
  12. tolly_67

    tolly_67 Well-Known Member

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    I am interested in this stock but I don't think I will sleep well at night if I buy it because it makes some serious moves in small time frames. To all those who hold this stock I salute you......and eventually hope to join you
     
  13. Phiber

    Phiber Active Member Silver Stacker

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    no need to join us mate :) it'll save you some headaches
     
  14. thatguy

    thatguy Active Member

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    [youtube]http://www.youtube.com/watch?v=GLQ2TIul8pI[/youtube]
    Frustrated Incorporated
     
  15. Guest

    Guest Guest

    http://www.abc.net.au/news/2013-08-09/gold-price-plunge-theories-continue/4876422
     
  16. K11TS00bullion

    K11TS00bullion New Member

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    SLR nice rise today :)
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    Not long until I break even =D
     
  18. finicky

    finicky Well-Known Member Silver Stacker

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    ^^^
    Looking pretty good. Quite tempted.
    All goldies positive today. SLR best performing on my list so far today.
    3 month Head&Shoulders reversal pattern going to convincingly break through?
    Price short term positively trending now

    [​IMG]
     
  19. Greenman

    Greenman Member Silver Stacker

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    Another good day today. Up 6 cents at the close. I noticed we finally overtook EVN again...just.
     
  20. NlightN

    NlightN Member Silver Stacker

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    Im out @ 0.90 for the time being..
     

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