Friday, April 8, 2011

You Ess Ay Tee Ay Day

I've been told 72c by a couple of TA heads, 72c to 74c by another, but for sure we're close to seeing USA.v breakout and the moment it goes and reaches for a share price that better reflects its current earnings potential.

Because in the end , screw the TA. With $40/oz silver and even taking into account the company hedge, this thing is on less than 5X forward earnings. It's going over a buck as long as silver behaves itself in the next few weeks, take that to the bank. Dirt cheap here, even if production is merely adequate.

UPDATE: sing it loud, sister: