Loading ...Surprisingly both metals moving up a bit now despite the stronger dollar. Nothing to write home about but still unexpected, at least by me. No doubt the scum will fight them today, but maybe there’s an underlying bid coming back in.
Digging deeper into AG’s earnings, they didn’t account for $20 million in silver they have in inventory. Looks like they are trying to circumvent the Crimex and do a lot of their own minting. If prices keep going up, they’ll be genius, if not, then goats.
EXK – seems to be shaking it off, down 1% now.
Ipso – no doubt, I don’t understand that. Silver has risen more in % terms. Tough to swallow for shareholders though.
What is the actual price where these guys make good profits? Maybe it’s $50 as you say, except their earnings were better at lower prices. Go figure.