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Says it all.
GLA
Https://tradingeconomics.com/commodity/iron-ore
Silver close + 6.14%
$31.49
Wow.. A move was expected but this surprised me. :-)
Those ducks keep lining up don't they.
I've been manically busy these last few weeks so not had time to check in here. However this bulletin board seems the same old place, where as Hanc*ck plods forward at a pace that frustrates the eternal optimists and defies the eternal doom-mongers, the same old names fight the same old battles about matters of peripheral relevance.
However given that I've spent years claiming that I personally though our wealth may lie in our non-ferrous metals, it's good to see silver prices making a move that is hopefully large enough to be seen as more than just noise and volatility. Everybody here knows that predicting what silver prices will do is a mugs-game, but we also know that when it moves it can move in a way that defies all logic and reason so we can live in hope that this may finally be the start of the big move many have been endlessly predicting for years.
I'd just like to repost something I first shared in 2021.
Many silver investors (of which I have been one for over a decade) are noted for being, ermmm, shall we say "passionate about their metal". On a daily basis so called expert media commentators whip silver bugs in to a frenzy. They excitably report any and all price changes which are usually nothing more than daily trading noise, rather than anything fundamental to the wider economy or the metal's long term supply or demand.
Statistics tell us about the past not the future. However, for those that follow daily price moves the following gives us something to think about in terms of future prices. Equally it may enable us to judge the scale of current or future moves and if they may be deemed to be "extraordinary" in terms of frequency, duration or magnitude.
Precious metals bull markets are rare but long lasting, there only having been two in the last fifty years where both lasted just over a decade. Many hesitantly suggest 2018 might be the start of a possible third bull market for precious metals.
The price of silver is volatile and may easily be 3% up in the morning yet down 3% at close of business. To be of note you need to hold daily moves of over 5% without them reversing the next day. Ignoring this short term volatility, silver has previously followed, yet outperformed, gold in the later stages of a bull market. However the more industrial use for silver grows, the more its price may disconnect from investment demand for gold.
Silver prices tend to drift for long periods before spiking erratically. Over the last fifty years it is easy to identify at least a dozen events that could arguably be deemed spikes. These have occurred both within bull markets and also within bear markets.
The largest of these spikes moved the price of silver up by over 400% over a 12month period on the back of a period of excessive inflation.
On average (mean) these spikes lifted prices by over 150% though this is skewed by the one extreme spike mentioned above. The median gain on these spikes was about 100%.
The average duration of such a spike is about half a year, occurring on average every four years. Unsurprisingly they tend to be more common in bull markets and less frequent in bear markets. The average gap between spikes in a bull market is only about two and half years, which suggests a typical bull market will probably experience three significant silver spikes before coming to an end.
Silver spiked notably between March 2020 and August 2020 where the price jumped from about $13/oz to $28/oz. In other words the price roughly doubled in roughly half a year, making this a "statistically ordinary" spike.
Silver miners offer leverage to price moves in the metal, and even non-producing silver explorers can show some correlation. Whilst the extent of this leverage varies, the gains or losses on related equities tend to be far greater than that of the metal.
Third times a charm.
Perhaps just posting " Ditto" would be suficient.
It’s coming,
https://www.youtube.com/
Sinter
The link is to youube only ??
If the silver price holds or increases and its looking like it will then ufo could have at least four very profitable andadvanced projects within a year. If the company can manage that then the sky's the limit for the s.p. it looks to me that hanc0ck is becoming more and more important that the financials are declared soon.
Just looking for some good karma. Been in the space since 2014. Wish I’d stayed in S&P, Nasdaq and DOW especially as Martin Armstrong said back in 2012 DOW 60,000. If I’d passively 5x’d there and seen Alien Metals and SILG Van eck Silver miners ETF in GBP this weekend, rising up the LSE chat board, and decided to take profits, the 5x rolled up and 10x, makes 50x, without the battle scars we have all had, being submerged in the space waiting for this moment.
Last post today, as have to get on with weekend stuff.
Left you all a nice little post on FRES.L LSE chat board.
Will be on SILG.L LSE board next week pumping my heart ❤️ out, as don’t want to upset the Iron Ore narrative here, with my fixation on where Silver is going.
Have a lovely weekend one and all.
Sinter's post on FRES.L on this site 09:09 today
Is a must read for UFO long suffering investors :-)
Very upbeat. Lets hope we here some news hanc0ck very soon. Now seems to be the time.
Thanks CJ, the ‘likes’ 👍 on FRES are making me blush 😊.
I equally like my posts on ADT1 and HOC mind. 👽 🚀 🌙
Hear rather than here.
Sinter its a nice post but I think nearly 10p is slightly excessive
Personally 5p will do me and that's me done buying and selling stocks forever!
10p would be lovely lol. If everything on all fronts where going well it's possible. Seen other aim miners reach 30p .let's get over 1p first then I think all the lth can relax a bit
My assumption in these ramps posts is if they find the source of the Silver, they could have the current resource out quickly and need more proven and probable resource to make the most of the assumed Silver forecasted by some for the end of this decade. Steve Penny, the Silver Chartist thinks $40 to $65 quickly, possible $300 later in the decade. Don Durrett 10 bagger lists use $100 Silver. David Brady EWT stage 5 Silver target is impressive. Chartist Sahara Charts, has been posting Silver charts and they have hit all his interim targets in the time frames. Jim Rickards gold and Silver targets based on M1 are mind blowing. I could go on with Jeff Clark’s price targets and many others, but a debt deleveraging and revaluation of hard assets if and when it comes, may easily hit targets in Silver Juniors we now cannot comprehend. The tricky part is trying to ascertain the future price of a loaf of bread. The actual point of my posts today, is I wish I’d been riding the Nasdaq for the last decade, and just stumbled across posters ramping FRES, HOC, ADT1, SILG and UFO this weekend. Imagine buying these stocks on Monday for the first time, when Silver backtests and holds $30! Then holds its rising 200 day MA for the next 5 or 6 years……..apologies if offended anyone.
Definitely not offended and I like your thought processes.
We can and should get to a far,far higher market cap
This could easily become a billion pound company, but management will have to be a lot more competent than it has proved to be so far
Sinter the problem is all these so called silver experts have been saying this years so their timing is terrible. They have no more predictive power than anyone here. We all understand the thesis as to why silver is undervalued but their is such a timing disconnect from what should and what does. Perhaps in q3 q4 this disconnect decreases
100% agree Smiller, it’s not up to them, the Smart money decides, when to let it run, and profit both ways. Technical traders, should base their decisions on probabilities and not predictions, and will often scale out at pre-set targets on the way up, based on the original trading plan for that trade. You will know this yourself with the competent technical background. Folks like Keith N, may look foolish with his $100 predictions, but has to market his product, and will be right one day. For me it’s best to position trade these runs, as one of the worlds most undervalued critical minerals, it’s probably wise to keep it contained, like the dollar within a tolerant range. I too was only stoking the fire yesterday, as wanted some good karma, for bringing a few none converted into the sector, who are market agnostic, and only buy on momentum, breakouts and relative strength.
Have a fabulous Sunday one and all.
Interesting last 3 candles on the daily Palladium chart. Is this a signal for a Huge move? It has been many times in the past, and while everybody is talking about silver, gold and even Platinum breaking out, Palladium may just be the one to watch this week.
@AD, the trading group I’m in, use SPPP for this simple reason they’re substantial in industry. My PHPT entry in hindsight now looks decent.
Think I got the April bottom in NGas right, which for many is a no go area.
You going 2PAL?
*substitutional.
Wonder who the buyer is, looking at the daily chart over the last 5 years, the volume spikes presumably must be a strategic buyer.
Enjoyed Rhodium and Palladium’s rise whilst holding EUA.
Our Munni Munni PGM’s may not look too shabby, if your right @AD.
https://www.alienmetals.uk/project/munni-munni/