Showing posts with label us silver. Show all posts
Showing posts with label us silver. Show all posts

Friday, April 8, 2011

You Ess Ay Tee Ay Day

I've been told 72c by a couple of TA heads, 72c to 74c by another, but for sure we're close to seeing USA.v breakout and the moment it goes and reaches for a share price that better reflects its current earnings potential.

Because in the end , screw the TA. With $40/oz silver and even taking into account the company hedge, this thing is on less than 5X forward earnings. It's going over a buck as long as silver behaves itself in the next few weeks, take that to the bank. Dirt cheap here, even if production is merely adequate.

UPDATE: sing it loud, sister: