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Livestock just like ggp omi and many more
livestock....
What gives you the impression that I invested in UFO for the first time last week?
I wish !
buy today and come back at Xmas.. then see how you have done.. if UFO gets the mining started then you will be very pleased with your investment..
its all about Hanc0ck in the short term..
To be fair Livestock. I would use the term 'drift down' in the absence of news.
But, the company is in a much stronger position today than at any previous time in my view.
When news breaks the herd will pile in and an almighty surge (not spike) will happen.
carpfisher
To invest in ufo for first time last week will give you a good average most on here are well down on their investment if you look at 1 month chart or 3 years chart it's a keep dropping scenario
GL
livestock...
I bought UFO shares twice at the beginning of last week at prices lower than today.
Even allowing for the everyday movement of Aim listed stock, todays price hardly represents
a 'keep dropping' scenario does it?
SP will keep dropping until new of mining permit in place Silver goes up ufo goes down
These are scary times. Got to spare a thought for the people struggling for the basics. It shouldn't happen in this country, should it?
Silver now waiting on CPI data at 12:30pm today.
However, regardless of the CPI, Fed has already shown their cards, folded, chickened out and pivoted.
We are stuck with very high inflation for over a decade.
You might be right about the pound being as overvalued as the dollar Chris, it's a very scary idea. Certainly nothing is going to happen quickly, and UFO has got to hang in there waiting for it's own good news to lift it.
Hi Barrrett.
In my opinion the dollar and stirling are valued on thin air and the rate rises are all that are keeping them from a severe devaluation
The silver price rise is not floating my boat I must admit; gold is the only PM that has edged up steadily the past several months.
We need the US Fed to stop hinting at higher rate rises and causing stocks and metals to tumble. Last week's heavy rate rise hint was withdrawn within a day or two, it was total bull.
@pebsi, just need to look at chart and compare with silver.
UK retail investors (which generally only have access to LSE stocks) can either invest in £5.5bn Mkt Cap FRES (which is difficult to multibag) or invest in the only junior silver play on LSE=UFO (which was best performer on #silversqueeze, SP doubled within 3 trading days - went to 1.60p and 600M shares were traded).
JPMorgan tamped down on silver at $30 and J-Powell has been raising rates very aggressively, but will now go into reverse. QE & high inflation.
Its all about the dollar. Not possible to tamp down when dollar only backed by trust in Biden & J-Powell which just lost credibility.
All the talk of silver prices is great but don't we need to start digging stuff out the ground. I'm no mining expert - just watching my investment fail
Guy looks a bit dodgy Max, according to one metal dealer in Oklahoma.
"As of just 2pm, estimated sales of #silver and #gold at APMEX are now totaling THE HIGHEST DAY I've EVER recorded for both metals...and there are still 10 hours remaining. #silversqueeze"
https://twitter.com/mikesay98/status/1635392379699232768
Physical demand is there. Doesn't take much to push silver beyond $25/oz. Remember 2020.
Only 27% of silver is from Primary supply. The remaining 73% comes from a by-product of mining other metals, such as copper, lead, and zinc. Therefore, supply from mining is constraint and currently in significant deficit.
But still way below $25.00. Can we keep it real please?
Exactly Cygnus low interest rates have allowed inflation to get to a place that can never be recovered by increased interest rates without crashing the economy into a 1930s style depression.Hold onto your hats!
Norm, the problem is, not increasing rates allows inflation to increase. There is an arguement that maybe rates should have been increased earlier but at a slower rate. Currenlty between a rock and a hard place.
Markets are getting jittery for sure... choppy choppy.. whatever the complexities the SVB issues are directly attributable to the FED.. this is the first notable "breakage" they have caused by raising rates too far too fast..
Market could be sniffing the "pivot"..
Silver now up 6%. Palladium up 7%! Money Money :))