The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Www.bullionvault.com/gold-news/infographics/21-incredible-uses-for-silver
Id should be is soz
India’s silver imports skyrocket in February, now on pace for 66% increase in 2024 www.kitco.com/news/article/2024-04-09/indias-silver-imports-skyrocket-february-now-pace-66-increase-2024
Indian Silver Imports Surge to Record Levels www.moneymetals.com/news/2024/04/11/indian-silver-imports-surge-to-record-levels-003116
Just like the Oct 7 attack in Isreal and Feb 24 Ukraine invasion by russia back in 2020 gold and oil prices went up for a week or two, Oct 7 attack have sent oil up about $10 and gold up $140, Feb 24 attack have sent oil up by $40 and sent gold up by $160, theres a good chance we can see oil going over $100 and gold reaching $2500 next week or two if war between iran and isreal escalates.
Iran have attacked isreal in retaliation of isreal attacking iranian embassy in syria and killing iranians.
Gold and silver gonna bounce straight back up next week in my opinion because it will be just the same reaction from the markets when russia invasion of ukraine back in 2022 febuaray 24th everything including gold went down and then everything went back up the next day but gold and oil prices went up even higher.
Sorry last sentence should say if gold and silver goes down on monday i will buy more, fres that is.
Thats just the same reaction from markets when russia invasion of ukraine back in 2022 febuaray 24th everything including gold went down and then everything went back up the next day but gold and oil prices went up even higher, if gold and silver goes down on monday will i buy more.
Platinum and palladium starting to go up again following gold and silver prices.
Rhodium and platinum prices are also rising steadily, if sp goes down i will just buy some more.
With russia cutting oil production, NATO such as france, poland and lithunia getting their boots onto ukraine soil and russia sending their forces to finland border get ready for oil price moving up higher, also the situation in ME and gaza war is getting worse, we should see SP going back up above 14p very soon.
Palladium price is still going up but platinum price is flying, with the share buy backs we will see 65p soon and 70p by friday.
Platinum is over 900 and the momentum is building, we should see over 60p this week, mind you NAV is 58p with no debt and share buy backs is continuing.
Of £249m should be nearer to £381m, the cash at bank and available is $386.3 million, the sp should be close to 20p and now we are just value at cash of 13p per share. Remember Blackrock have been bought 55m shares between 14p to 20p last year.
AIM, you are right, US will not allow any ceasefire to the current wars in gaza or ukraine because its all about the 2024 election, plus US might have secondary sanctions on russia in 2024 since the last sanctions on russia did not work and i think the secondary sanction will work short term but will backfire badly for US in the long term.
Ren, its just my view after comparing the sp of enq, tlw and phar in the last few years, then again looking at the charts the momentum, RSI and MACD is increasing, plus theres a 20p gap above from last 16th Feb needs closing.