AYN 0.00% 0.1¢ alcyone resources ltd

Guys, let's face it, all the predictions and explanations why...

  1. 6,815 Posts.
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    Guys, let's face it, all the predictions and explanations why PoG / PoS should have skyrocketed did not eventuate.

    It is true that the " Investment Cowboys " who control the investor spot market play their games but that has just a limited influence. Fact is, and you can see it for yourself by googling " PM consumption 2012 " that the industrial demand for silver and gold ( including the jewlery business ) has not picked up, rather the opposite is the case. As long as there is no real physical supply / demand change the PM's won't take off independent of what the Investment Gurus do or say. And so far none of the recent crisises has really sparked the worldwide emptying of bank accounts and flight into PM's. Even the production difficulties at NCM did not help.

    On the other hand, with a hedge price of USD 33 AYN should have never ever got into trouble. Not holding atm but still loving AYN like a former girlfriend as I am locally connected ( SE QLD ) to the comp. It is very tempting to buy huge now but I think there are still quite a few holders out there willing to part at even lower prices.

 
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Currently unlisted public company.

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