Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Silver was the key form of money in the development of the global trading system in the early modern period.
I still think it is a form of money, as well as an industrial metal, but gold is the key form of money in terms of PMs.
It should catch up with the gold price ratio over time; silver based miners would be a very leveraged play that's for sure.
The markets are rigged, that's why PMs need to be traded. Silver fell between 1980-84 due to the pump and dump
London bashing PMs down.. let's see what happens to pms when wall street opens.
Silver price dropped from peak of $28 to $26
It is up as of now at $26.73.
With FED holding rates, I don't know if the silver price is going up again?
Silver has not been an effective inflation hedge since the 1970s. From 1980 to 1984, annual inflation averaged 6.5%, but silver prices fell by nearly 23%. There was average annual inflation of around 4.6% from 1988 to 1991, but average annual silver prices fell 12.7%.
Since April 2021, the monthly U.S. consumer price index reading has averaged an annual gain of nearly 7%, but the price of silver is down 25%.
Over extremely long periods of time, measured in decades, silver has proven to be an effective hedge against inflation. In shorter time periods, silver may not be the best way to protect your portfolio from price rises.
https://www.forbes.com/advisor/investing/silver-price/
*increased.
Typo fat fingers and tired eyes.
Just impressed my holding here by 50% fingers crossed it can get back over 6 sharpish
If I wasn't overweight I would put all my money to buy, 50 ℅ in 3-4 months for sure
Not yet, IMO. Clear bear flag on the silver chart right now.
Will take some more lower down probably, but as I have said before, I am already very overweight here, so cannot go too big on the next FRES trade! GLA.
Very low volumes. Good buying opportunity. I would if I wasn't already overweight.
200 Hour Moving hour however is 560 with bullish RSI divergence
200 Day Moving Average at 542
Do you have any idea if or when we might expect a financial update from Fres?
Really interesting and useful. Thanks for posting!
This article was published before the Newmont's Q1 financial results
https://independentspeculator.com/are-gold-stocks-broken
"My point is that the financial results now pending from gold producers could be just the thing that stops the underperformance of gold stocks this year."
According to Michael Oliver, the silver rockets will take off in April - and last October his forecast for the gold price is close to coming true. At the time of his forecast gold was at about $1,950. He said it would make a $600 jump, so if gold gets to $2,550, his forecast was correct..
"Michael Oliver – The Mania In The Silver Market Is Directly In Front Of Us" - see his reasoning.
https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
This was a production report not a financial update. Given production is essentially flat but PM prices are at record highs then profits will be higher, hence nearly 28% rise in a month.
They are poor results. No cheer despite record gold prices. Limp horse comes to mind.
Because silver is now an industrial metal now ???
Jmax, show me a market that does work how it supposed to, I’ve yet to find one
PM prices are rigged, the evidence is there.
This is unusually strong after average results so its looking good for £7 soon. We usually get a 10% drop.
"Overall, silver demand exceeded silver supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 Moz."
Can someone explain to a thicky how this is possible.
It's possible because the silver price is too low, and this low price does not provide enough incentive for miners to invest in producing more silver. The price of silver is low because it is determined by 'paper futures trading' and not by the fundamentals of supply and demand.
Quote below from saigonsally post. Just to say Portfolio, great post. It helped me to better understand it also. Thanks for the question saigonsally. I didn't even know I needed to know the answer
"Overall, silver demand exceeded silver supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 Moz."
Can someone explain to a thicky how this is possible.
Glad I sold yday!
Will wait for re-entry 500p?
Not as bad as HoC but similar to Centamin on Q1 performance. 2-3% drop possible.