I agree. At $7, it's a different story. It got wiped out badly last week...I thought we'd at least get a bounce. I could see the writing on the wall this morning.
I rolled into ABX and was quite happy with the 3% gain today...before it gave it all back and finished at the lows. Not feeling the best in that camp, either. But they were profitable last quarter, and will be able to ride this out. I think. I hope. Anyway...
Good reading about the scramble for physical silver that is ensuing. The only thing that will bust the cartel is a physical shortage.
http://www.zerohedge.com/news/2014-11-05/%E2%80%9Cglobal-scramble%E2%80%9D-silver-coins-%E2%80%9Chard-get%E2%80%9D-%E2%80%9Cpremiums-likely-jump%E2%80%9D