Jun. 25 at 12:04 PM
$USAS
$EXK $AG $SVM $SLV
I appreciate what Huet is doing (side note: he is the only CEO I fully trust taking the helm and steering the ship in times like this) by sending out PR's to prop USAS into a promising spotlight however in this environment, being heavily dependent on silver pricing, these PR's carry very little weight. Each day silver decreases, this miner makes less and less. Still profitable but profits are shrinking per oz. mined.
Never thought we would ever touch the
$50/oz. again (with heavy industrial + investment use) but here we are.
As the old adage goes with investing when fundamentals are still quite strong - further the downfall, higher the snapback (potentially).
Let's see how the market finishes out this week. Everyone is spooked by the FED raising rates. It will not happen. If rates are raised, it will destroy consumer borrowing. It will make US debt more expensive. Warsh wasn't appointed to raise rates...
