i'm out, page-23

Outlook for silver is ordinary at best.

What movement there is seems to be modified by rise or fall (as apropriate) of the Aussie dollar.

Management are not silly.
If they are not buying or holding CCU shares they have made a value judgement.
However the longer CCU continues the better for them.

Silver supply and consumption figures do not look hopeful for those wanting a break out.
Quantative easin in US is not helpful although quatative easing in the past did not effect the hoped for surge in POS.

The next ten weeks or so are likely to be the best for resourse -silver shares then the yearly regression is likely.

While I do not really think POS will drop as far as $15 I believe over $25 for more than a brief period is highly unlikely and closer to $20 to $22 range is more likely.

Well most of this post is just feeling and your guess is as good as.

On the positive side when my concerns are seriously negative CCU is likely to have at least a brief run on positive side.

Still staying away.

Cheers

Vidi