I just sold a major portion of my silver stocks in anticipation of a sharp, quick killer move in the markets very soon. I have thought long and hard about this and may be totally wrong bt if there is one...having some cash could be very advantageous in the next few weeks.
I am not selling any SFMI shares as it is my opinion that, even if it takes another hit, it will be too difficult to get back in when it takes off. It could double up very quickly I am thinking....much, much faster than a large producer.
I just can't see SFMI not staying at these levels as a bottom. I think folks like Pic and others with millions of shares will be wealthy beyond all expectation in one year.
Be careful out there folks. I envisage the time is close for the JPMs to start their move...weeks or a few months. Margin can kill in these markets. The KITCO news is another nail in the coffin of the criminal shorts.
I suspect that the likes of JPM are driving down the silver producers whilst positoning for a huge upside. They have been very active and I site SVM as a example as they "dumped" over 2 million shares in one day this week. The chart screams out.