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Re: NYBob post# 5511

Monday, 02/14/2011 2:33:43 PM

Monday, February 14, 2011 2:33:43 PM

Post# of 17231
Thanks NY...from NY myself...been holding USSIF now for about 10 weeks...learned alot from this board...but it was really cool to see the posts about the upcoming short gambit the chinese and JP Morgan is playing...I've been following that for quite sometime. USSIF has had some bad luck with the death last Summer and the bad feelings about some of the transactions within the company but the company PRODUCES SILVER and the value of what's in the ground and what is produced is far in excess of a .50s pps. I wonder if the perception is of a pinky 'cause this puppy should be quite a bit higher. I've heard it said that your supposed to trade pinks and not to invest in them...but this is SILVER and a company that has persistent production. Ok...so they hedged but I do believe that was a positive business move...what was it...around 10-20% over a year...so they locked in cash flow...then there was the announcement that reports from the company won't be forthcoming as often as in the past...yea...that can be scary...but it's SILVER with an operating mine in a location where there are OTHERS who are also looking to increase production...not an insinuation by any means....all in all I keep this analysis really simple and obvious...for a change I don't have to read all the charts and the montage of info (unless it's a real world rocker)...like I mentioned before the pps of USSIF currently (.52ish) makes no sense especially with the fiat price of silver at 30.60 at the time of this post...I do have faith that the market ultimately wins out which would mean that USSIF should substantially move up. Of coarse this is all in my VERY HUMBLE OPIONION. GLTA
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