Member Info for ducatiman996r

Do you seriously believe that any update, however positive, is going to influence the share price in the current market situation?

I've been very cautious over the past year or so as the markets have been booming while government debt has been growing massively alongside toxic debt in certain areas.

I have been expecting a pretty serious correction if not another full on crash.

Take a look at the chart for pretty much any company or commodity on the monthly setting and it is on a par or in some cases worse than 2008!

I'm beginning to wish that I'd held with my belief that things were going Pete Tong and held on to my capital.

The war looks like being the catalyst to accelerate what was already on the cards to cause a perfect storm.

On the other side of the coin what option was there but to stop the evil IRGC from developing a nuclear weapon? From how they have reacted in hitting out at virtually every country in the middle East we can see the very real threat that them having a nuclear weapon would have posed.

Hopefully they can eliminate the IRGC, it now looks as though other middle East countries are likely to join in, despite them all being islamic.

Holding a bunch of mining stocks through this is not going to be much fun but I'm personally in too deep to bail out now.

With what is going on at the moment I'd be happy to see the silver price trade sideways for a while now. Miners shares still depressed for now.

Silver bounced back strongly from today's big dip but so far the miners are lagging behind.

Need the dollar to keep weakening and bond yields to drop to bring people back into stocks.

Are we witnessing the start of a full on market crash? Even the tech stocks that were doing fairly well seem to be off today.

Can't see any chart support between here and the low it dropped to earlier in the year.

Think I will just stop watching it and come back in a years time. 🙄

Do we still believe in the silver shortage story?

Looks like shanghai price is still around $10 than comex so I wonder how many ounces have been called today?

This constant dropping of the PM prices is very grinding on the nerves.

The high oil prices are going to weigh on production and shipping costs and the various crazy stuff going on in the USA isn't helping.

I'm so far wrong now that I'm just going to hold as at some point in the next few years this will all turn back up in our favour.

In the short term I guess we will just have to suck it up or sell low.

Wouldn't it be great to see a rally in the prices as strong as the downward pressure!

Captainswag.

The reality is that with energy costs through the roof profits will be seriously hit every day. I believe that is one of the things being factored in.

I have no idea how any mining company might manage to obtain such a massive percentage of its energy from "renewable resources". Given the type of heavy equipment used to extract and move the mined materials.

I can't see any rush to reopen the straits of Hormuz as it effectively causes supply problems for China. The fact that due to the ludicrous energy policies we have here it will adversely effect us won't be of great concern given the relationship the Starmer has managed to destroy.

Looking back at the history of silver it has always dropped back after big upswings and taken years to gather pace again afterwards.

If we see a global slow down economically, which is entirely possible, the demand for industrial silver will drop. I'm not even sure that the supply/demand pinch hasn't been deliberately caused by whoever has been quietly accumulating millions of ounces. It would be the ideal way to control the price of physical metal and could be dripped back into the market to keep prices suppressed.

Added to our current problems is the crazy dollar strength and bond yields which show no sign of dropping anytime soon.

Bottom line I seriously doubt that we will see silver back to $100 anytime this year, even if the straits reopen tomorrow it is going to take a good while for the infrastructure damage to be repaired and prices of oil to fall.

Even if it did get back to $100 I doubt that the miners would be back where they were when it was that price before.

Very likely to be more than just a rough week ahead with Q1 figures being knocked by the March numbers when they come out.

Silver at $79.50 Fres SP below where it was when silver dropped to $64.

Looking at prices across my miners portfolio all have dropped to where they were at the lowest point of the silver price after the big drop. The silver is still well above that level but dropping at open already.

I think high oil price is weighing hard on miners as it will be massively increasing production costs.

Hopefully the oil price won't rocket higher and supply will be sorted sooner rather than later.

Is anyone else starting to wonder if this whole Comex thing is just another con?

We know that the big banks are influencing the price of silver and have been artificially keeping the price down for decades.

We also know that someone has been accumulating all along at the lower prices so a lot of silver is sitting somewhere and not in circulation. Is there really a supply problem once that starts getting fed into the market?

Everything is artificial out there, how can the $ be so strong with the raging debt and inflation going on, how can treasury bond yields be so high?

I do appreciate the effect that higher oil prices have but hopefully that won't drag on for too long.

We have seen a plethora of AI guys, mostly telling us that silver is going to boom anytime soon but someone is paying a lot to put that agenda out there and it ain't for our benefit.

The close on Friday was weak silver hovering just above $80. The miners are down across the board to well below the levels they were at when silver was at this price.

General market uncertainty is probably weighing on the miners, if the markets do collapse and PMs get taken up as safe haven assets that doesn't unfortunately mean that miners shares will rise too.

Worrying times ahead and a very real possibility that the silver price recovery could be a longer term prospect than we hoped.

The old adage seems to be working here, same happened yesterday when Pan American announced funding significant new reserves.

Funny old game innit.

Bit of a silver dip overnight but not the usual rapid smash down. Hopefully got rid of more shorters to give us another run at the $90 resistance.

After 2 very strong days we had to expect a bit of a pullback on this rodeo ride.

$ slightly up with oil steady at the moment although news out that the satanists have been laying mines in the straits of Hormuz.

Could be an interesting day ahead!

Fres going well again today!

With reference to the old adage "sell on news" Pan American silver was going like a train then comes an unexpected news bulletin, found more gold reserves and the SP drops like a stone.

What is a bit concerning is how far the miners are lagging behind the silver price recovery compared to the last time we saw the rising trend. Silver hovering around the $90 mark with just $5 to go to reach the last silver peak.

Perhaps the conflict is weighing on the miners pricings temporarily.

Perhaps buying will strengthen today if money from other struggling sectors comes our way?

Are you even allowed say "poof" these days? 😆

If we don't see a gap up at open today we might as well give up.

Nice to see no overnight smash down

$ and oil both dropping so who knows where we might end up today!

"Ticking back up"? Silver hit just over $87 at close having blasted through the highs from over a week. The candle at close had no top wick at all.

Oil dropping like a stone, dollar basket falling, the US miners rose well on the silver rise but closed before it really got going.

Three solid green candles on the hourly chart for silver.

Will it gap up when it opens again later tonight? If so and it doesn't get smashed again where is the next stop?

Alfamale.

It looks as though the general market weakness is also weighing on the miners prices. If you look at the relative price compared to silver on the previous rally from the January push down you can see that they are lagging the silver price recovery.

I do believe that if the metals start to gain ground the miners will come back up and if the sector is seen as the one to be in it could attract a lot of investment.

Take a look at Intrepid Potash, going pretty well and against the general drop in the markets.

We need to see the dollar dropping and the oil coming back down.

IMHO silver needs to break out of the $85 resistance level which it has touched briefly several times recently.

Some interesting points of view being aired today.

The oil hit nearly $116 overnight and has now dropped back a bit, currently $100 ish.

Anyone remember one of the first things that president Trump did after starting his second term? "Drill baby drill", reversing the catastrophic closure of domestic energy production from dirty Joe's time. They are now no longer dependent on the middle East and are in fact nett exporters.

Pity our Megabland hadn't been so quick to close down our oil and gas production. Being energy independent is a massive strength for any country.

Given that the gulf of Hormuz being blocked has the biggest effect on Eastern countries I'm not sure how much of a rush they will be in to open that route again. You could be forgiven for believing that they should be able to destroy all the sites that threaten shipping quite quickly if they chose to do so. The USA certainly won't give a $hit about us struggling, given the treacherous way that Queer Squirmer has dealt with all of this.

The artificially strong $ and high oil prices are not helping to push people into PMs as a safe haven, yet! That might well come if this conflict carries on.

CaptainSwag,

The oil price rising rapidly will help with dollar strength which will push down silver price. What Fres uses as a power source is irrelevant in these circumstances.

The miners have in general sold off a lot harder on this current silver dip than they have in the previous ones..

Perhaps people think the conflict will go on for longer than originally anticipated.

I seriously doubt that anyone believes the price of silver has no effect on the miners prices.