Welcome to the Silver Falcon Mining HUB on AGORACOM

(Edit this Message from the "Fast Facts" Section)

Free
Message: Holding up fairly well

I think SFMI has held up fairly well since the runup from .0145. It briefly touched .04 before settling at .03 level for a while, which was/is still bring defended well. Like Pic said it was dissapointing to go through .03 so easily at the end of the day yesterday, but with no news and gold down as well, it was inevitable. I actually thought we would settle in the .025 - .027 range for a while (which is about a 50% retracement from the recent runup). If we can stay in the .028 to .032 range over the next couple of weeks I think that bodes very well going forward. It looks like "they" tried to make a concerted effort to push the price up a couple of weeks ago, but have since backed off and are just going to let the price play out until news.

Like I posted a couple of weeks ago, everthing depends on AS putting up a couple million of his and/or his friends money to get the drilling started. All else will fall into place after that. I think we may be closer than it seems.

Share
New Message
Please login to post a reply