If we are going to see more currency devaluations , please anyone correct me if I am wrong but surely this has to be a help to the value of precious metals such as gold and silver. Therefore over the longer term once manipulation attemps (by governments and instituions) of gold and silver prices has little effect, this has to help company's like CCU . Of course when the movement upwards in gold and silver will occur I don't know .
However I do believe it will occur .
For CCU the positive is as we know it , that there are still 3 times more buyer than sells before the markets open up this morning. Whilst it was the same yesterday and the price went down1c at the close with low trading volumes . I think it's a good sign and its seems like there is a positve Biuld up to this forthcoming quarterly report which I hope shows that there has been an increase in production compared to the last quarter and that the company envisages that the June quarterly production figures will also show a further increases in the silver production rates.
If these future production levels are achieve each quarter moving forward and the silver price even stays at its current levels and the Australian dollar does not go up anymore . I would like to think that the SP will increase.
Lets hope this quarterly report comes out soon and it's positive .
Please seek your own advice before making a decision on your investments.
CCU Price at posting:
27.2¢ Sentiment: Hold Disclosure: Held
