Americas Silver Corp fka USAPF

[permabear]

Silver is a very volatile commodity. Moreso than gold, copper, oil or just about anything else. It's really a trader's dream. And the traders are indeed playing with it. But for all those complaining about manipulation taking it down, there is the counter argument about manipulation taking it to $50 in a very short period of time. From a more objective standpoint, I don't think it is a stretch to say that silver ran too far, too fast, and was due for a correction. Several of the analysts I read were predicting it and I took profit on my silver ETF in the $46 range. Going forward, the folks I read have varying opinions on where the bottom for silver will be. A worst case scenario suggests the low $20s. A best case scenario is between $37 and $38. The consensus says low $30s. This correction could play out for several weeks. We'll probably see a dead cat bounce or two along the way. So don't get all giddy if the price goes up for a day or two. Our stock is actually holding up reasonably well. Still hoping for good quarterly results. Looking out longer term, for those with the stomach to handle the turbulence, anyone that holds this stock for the long term should do pretty darn well.