Silver slaming up 81.54,up 2.50 in half an hour.
(www.bullionvault.com)
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TD bank shorted silver @ $40 not to long ago. The lowest it could go based on charting is around $60. If it goes above $81 and holds like it just did it breaks a trend line and rockets higher. It's bumped its head at 77,78, and 81.
Also based on the price, silver miners are undervalued. SIL is just now at the level as 2011 when silver topped at $38.
I'm buying miners,they are very undervalued.
They were undervalued a year ago. My miners went up 138% last year, it's anyone's guess if they're still undervalued.
Their mining costs are around 20 dollers, so they have about 60 per ounce profit.
That's 3x increase. Compared with the profit per share of other companies,they are still way undervalued. IMAO.