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Question. If North Korea drops a bunch of bombs somewhere will this stock soar????
Don't see alot posted on here. How does the future look for this?
Agreed. Old news now. We discussed it fairly in depth over on SLV.
200 tons is a mere 7 million ounces and its investment grade most likely. Wont even make it into the system, will probably be bought by collectors for astronomical prices.
200 TONS OF RECOVERED SILVER TO ENTER MARKET...
Think of this as a high-tech treasure hunt. The United States firm Odyssey Marine Exploration . . . confirmed it found 200 tons of silver worth $200 million at the bottom of a North Atlantic shipwreck.
The exploration firm located the 412-foot wreck 300 miles off the Irish coast in the North Atlantic this summer, but just recently confirmed it as the SS Gairsoppa, a UK cargo ship sunk by German U-boat 101 in 1941.
At the time of the sinking, the British India Steam Navigation Company cargo ship was part of the merchant navy fleet and was headed home to Britain from India, but ran into trouble along the way and tried to get to Ireland's Galway Harbour. That didn't work out too well, as a German submarine took out the ship and ultimately 82 members of the crew.
Originally, 32 survivors climbed into lifeboats, though it wasn't long before all but three had died. The remaining three stuck it out for two weeks, but two died trying to get onto the shore of the Cornish coast. Ultimately, only one crew member survived.
Odyssey Marine plans to utilize robotic submarines to get inside the SS Gairsoppa, which reportedly sits upright with the cargo holds already open three miles underwater.
According to the BBC, using insurance records as a guide, researchers expect the folks retrieving the loot to find seven million ounces of silver on the ship. The largest precious metal haul ever found in a shipwreck includes bullion, coins and ingots. And with the possibility of a touch of gold down there too, Odyssey can hope for even more of a financial gain; under the contract with the U.K.'s Department for Transport, the firm will keep 80 percent of the recovered value. Odyssey won the contract to search for the ship and took on all costs associated with that and the recovery effort.
The tea that was also onboard at the time of the sinking? That, of course, is ruined.
-Tim Newcomb, Time Magazine News Feed, "200 Tons of Silver Found in North Atlantic Shipwreck," (September 28, 2011) @ http://newsfeed.time.com/2011/09/28/200-tons-of-silver-found-in-north-atlantic-shipwreck/#ixzz1ZGyURgbj .
I believe we have at least a few weeks until we can even dream SIL hitting $36.50.
SIL is VOLATILE right now!!! What will tomorrow bring? It's anybody's guess. $15.00 per share? $30.00 per share?
SIL hasn't popes hard yet. It is coming. It is matter of time, but leverage is a little weak. I like x2 or x3, like AGQ, and NUGT because we know what will happen.
Nice Pick here Smitter, I like it!
JER1
AGREE!
precious metals becoming more valuable by the day>>>> :)
GLTA and hold..buy on the dips.. :)
Long Term SIL is a winner. Just gotta buy buy buy
Smitter SMTT
She is coming back... :)
The time is back! It is so much like before again. SIlver miners go up more than silver. Today can be the indication of next leg up. I mean big one I have been patiently waiting for.
Good Morning, Folks
SIL had a Massive 200k trade at 8:17 am . Amazing. Thats almost 6 mill.
If we could break 30.00 and hold a huge run will occur.
Smitter SMTT
Thanks, Yeah been watching ZSL
SIL been in this price channel between 27.25-.29.50
I feel a major run coming too. The Price of SIL, and SLV is way to detached. Miners are making nothing but Big Money right now.
Have a great evening.
Smitter SMTT
It's time for silver mining companies! Since today's bounce back, I can tell mining company rally is on the way in history making fashion. Don't worry about support and resistance. Look at ZSL! It droped to $14 all the way from $34. Samething will happen, just opposite direction. Buy option call!
A Bullish Engulfing candle today folks.
Hang on for 30.00 tomorrow.
http://www.investopedia.com/terms/b/bullishengulfingpattern.asp
Smitter SMTT
Once 30.00 becomes Support for SIL 36.50 will be the next stop.
Smitter SMTT
SIL up 5.7% and Steam Rolling
Smitter SMTT
SIL is the Miners
SLV is the Silver
Smitter SMTT
SIL great addition for your 401k folks
Smitter SMTT
Huge day for SIL baby!!!!!!!!!!!!!!!!!!!!!
Once 30.00 becomes support we roll to 36.50 imo...
Smitter SMTT
Hi Five SIL holders.
Breakout over 30.00 is coming.
Next target imo 36.50 Once 30.00 becomes Support
Smitter SMTT
Good Morning, Miners
SIL let's have a great week. Were lacking SLV by such a wide margin if 30.00 holds we will take off.
Smitter SMTT
when silver is going up, minings are not going up. What happens if silver goes down?
What has to happen for silver mining companies to go higher like before? Silver and silver ETFs are doing well, but not mining companies. there has to be reasons, right?
Good Morning,
I love SIL as well.
Let's break 30.00 and explode from there. Miners in SIL are way undervalued.
Smitter SMTT
SIL is a nice place to be as far as I am concerned. I feel rather comfy here.
Looking for 1 + Mill Vol in SIL today. SIL has been oversold, and pushing for a rebound back over 30.00
Smitter SMTT
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