Gold and silver prices plunged 5% or thereabouts on Friday. More of the same and CCU will not look so good.
People still dream of huge surge in precious metal prices.
Perhaps the herd is running towards false horizons.
Markets appear to be developing more sophisticated approaches to profit on the currency devaluations now breaking out.
CCU management have stated share price is (will be?) highly leveraged to price of silver. If price remains at present levels or drop further the implications are not good.
Swill's analysis in the past have been reliable. Would not question remarks in his last post. People do not need to justify predictions. We make up our own minds and can also value such remarks according to reliability of past posts.
Look forward to more posts - please Swill.
CCU Price at posting:
26.7¢ Sentiment: None Disclosure: Not Held
