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Well I certainly expect more volatility before an uptrend in PMs is established. Inflation/interest rates/the Dollar will remain high for a time.
So do I believe this is the dawn? I doubt it, I suspect silver will be back in the teens pretty soon.
However PMs have held pretty well through this phase of interest rate hikes and today's rise is on good volume - someone is investing here. Around £20m of FRES shares have been traded today. Surely that is cause for some cheer.
I agree, the meteoric rise of the US 10-year yield evidences a haemorrhaging of faith in the fiat/debt-based system. Either central banks step in and support the debt market (which will further stoke inflation) or we are looking at very significant volatility.
Looks like the magic money tree is in bloom again! And the result? Currency debasement and, as you say BTB, inflation. In the meantime the spivs are getting fat on the carcass of the current fiat system.
FRES holding up pretty well given the chaos out there.
swest - exactly. I see their SP recovery as, in large part, a vote of confidence in their model. As you rightly point out they have been using ALL's Ghanaian feedstock supply as a key part of their strategy and the market seems to like it. As a result I remain confident.
No only are PLL a reflection of the health of the Li market, their fortunes are linked to ours - PLL need our Li, they need ALL to succeed and come to production asap with low cost and large reserves.
It is frustrating to be lagging the post-GS note recovery in Li stocks but I predict the ASX listing and PFS will get us moving. Patience required.
In the meantime I monitor PLL - they are relevant.