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Slater, I'll let Possetwolf answer that - he is the current holder of the brain cell :-)
Seriously, I think his point is that you are overly pessimistic and today is a decent day for us: production seems to have steadied and there is the real potential for an improved news flow.
Do you hold any FRES shares currently?
Yup, there are currently lots of labels designed to shut down debate:
'Putin apologist', 'far right wing', 'Covid denier', anti-vaxxer'...these are just tools to enforce a certain viewpoint and have nothing to do with healthy debate.
Plurality of viewpoint and open debate are key for a healthy, free society - some of you 'freedom lovers' on here should remember that.
No Gavster, I am just looking for an explanation that makes more sense than the nonsense propaganda we are being fed. That's all. Don't believe everything you are being told - there is plenty of information out there that says the opposite.
Truth is indeed the first casualty of war.
BTW - we just broke 800p!
Gavster - no, I am not a 'Putin apologist', I am someone who sees the current western explanations for Russia's invasion as blinkered and absurd. They just don't make sense.
Do you really think Russia is determined to expand into eastern Europe and possibly beyond? That Ukraine is the first step in a new Russian empire? I don't. I see Ukraine as the moment when Russia said 'no more. We cannot accept US military expansion to our border any longer'.
As for the US being the protectors of freedom and sovereignty I'm afraid history is littered with wars and coups which say the opposite.
Gavster.
Nonsense. You need to learn some history.
NATO has been expanding towards Russia since WW2 and are now parked on Russia's doorstep. NATO is a proxy organisation for US power and have created a reverse Bay of Pigs in Ukraine.
Learn about neo-Nazification of the Ukraine military and its persecution of Russians in eastern Ukraine.
Learn about the US backed coup in 2014.
I'm afraid the 'Putin is a power-mad psychopathic aggressor' theory is absurd nonsense.
Watch Oliver Stone's 'The Putin Interviews' if you want to understand the Russian perspective. It is enlightening.
Barhut, join the lows from late Sept 21 to date and you'll find that we've had a gently rising support trend in silver. If it breaks below this trend then I'd be concerned. Currently that point is about $23. If we hold above that trend line I see the bullish consolidation phase as intact.
The hawkish Fed talking interest rate rises is driving money into dollars. Will the dollar remain strong? No. It is confetti money. As rates rise, servicing debt will become impossible. This will lead to a recession. Rampant inflation and rate rises are a nightmare scenario for many businesses and households.
It is frustrating, there is no price discovery mechanism for the physical asset whilst the spivs can use paper to control the market. As far as I can tell silver and gold have been consolidating since the mid-2020 rises. They will break out but I no longer try to predict the trigger.