Americas Silver Corp fka USAPF

[permabear]

$50 silver is presenting some very understandable overhead resistance. Not only is the round number intimidating, but it also represents the all-time high for silver. I put a stop under a silver ETF I've been holding just to protect the profits in case it corrects sharply. Peter Grandich, who is a pretty savvy precious metals analyst, came out with a sell on silver but a hold on gold the other day, as he was looking for a correction back down to $40 before it reverses back up. Folks have to remind themselves where silver came from. $5.00 to $50.00 is one hell of a run, and nothing goes up in a straight line.

I am in no way considering selling out of this stock because the upside potential remains just too great, especially if or should I say when silver regains upward momentum. I think we have several more years of upside in both silver and gold. Can you imagine what USSIF will be trading at if silver ever reached $200, which I think is a real possibility in the coming years?