Silver Lake Resources (SLR)

leo25 said:
Punched to $1 today. A big price level, if it pushes past $1 who knows where to next! Both SLR and Gold are at major price points where things can get very exciting very fast.
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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.
 
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.
SLR_weekly_29june2019.png

(see previous chart for wedge breakout)
 
I want a retest of 85 cents.....can someone please sell all their paper silver and manipulate the price down a bit.
 
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.
 
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.
 
SilverDJ said:
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.
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Agreed. Which makes it all the more attractive as an investment.
 
openeyes said:
At a lower price point than it currently sits at.
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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.
 
Slimey said:
Broke the dollar on the fall. That is a psychological price. Interesting times ahead.
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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.
 
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
 
SilverDJ said:
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.
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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.

self-fulfilling-prophecy-300x300.jpg
 
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