Western Copper (WRN)

[Guitarmanlife]

Hey Loyal,
Been like six months since I've been over here but I'm nice and avg'd down waiting for the pop. Sorry to hear that, but I think we are in more of a surplus era during a low demand time. because it was so profitable into2011 so many mines opened up, and with the COMEX whoring out paper(worthless) shares that is ultimately why the market is so low and as metals get cheaper alot of mines will have to close and as supply diminishes price will eventually go back up.

But I noticed CNN has three analysts saying WRN will see a high over the next year of 1.91 and a low of .94 with the company saying and avg range of 1.12. My bet is it will see 1.5easy because the mine is supposed to go online next year and hopefully start turning revenues, but I'm thinking there will be heavy unloading at the 1.5 point if she runs. Funny how this has been holding the .30range and also since this is a Canadian stock on the us market the value of the Canadian dollar will effect it too.

As for physical silver my avg physical holdings are probably in the $20 range since I've been averaging down and will continue. I betting the next five years we will see easy 8 an ounce and as low as 5 I'm betting is possible before this market turns bull. And may be as high $75 come 2030 sadly it is a long game playing with metals unless shortage, inflating, and all of the other variables cause a bump sooner.