Member Info for DusterMan

Mr Gupta block buying I think...those 500k buys have resumed

Mr Gupta will be loading up more as we speak

I'm in for the journey. Not selling out just as the traffic light turns green. This certainly has the potential to go way way higher. Hopefully lessons have been learned from past experience & now the correct formula is being put into place.

I follow this guy on YouTube, he's called it pretty good so far in his videos. Take some time and watch back a few...The time now is not to sell but to buy miners. Especially gold/silver miners.

https://youtu.be/zUCBtpFT-Go

I think the next dividend will be a special one. That's the sense I got listening to the last presentation. Hopefully PM will go on a good run now....that bodes well for FRES

The turtles head is touching cloth now

The combined total demand for silver is expected to exceed 1 billion ounces this year, with about half of that coming from industrial demand to manufacture tech with silver components. While that’s still below the estimated supply produced from mining and silver scrap, 2021 will see the narrowest gap between supply and demand since 2015. With the gap narrowing and the renewable tech sector continuing to expand and drive more demand, a deficit is imminent, and suppliers will be enjoying a seller’s market.

The combined total demand for silver is expected to exceed 1 billion ounces this year, with about half of that coming from industrial demand to manufacture tech with silver components. While that’s still below the estimated supply produced from mining and silver scrap, 2021 will see the narrowest gap between supply and demand since 2015. With the gap narrowing and the renewable tech sector continuing to expand and drive more demand, a deficit is imminent, and suppliers will be enjoying a seller’s market.

Some people are thinking PM prices are too high, well gold was higher in price 10 years ago & silver has breached $50 twice before. With global conditions as they are now. Are they too high? I think not

https://www.google.com/amp/s/www.lombardiletter.com/silver-price-outlook-robust-industrial-demand/33579/amp/

Just noticed a new double bottom has now formed on the monthly gold chart. Obviously this month needs to finish to see how it looks then. But the monthly timeframe is more meaningful than the lower timeframes to see the bigger picture. I just wonder if that crash on Monday could now signal a turning point in price action.

Spindler, my point was only for the highly leveraged long PM positions just before the attack, just after midnight. Let's face it that's what it was an attack. The dollar index was flat, yields flat, no major economic news at that time. So no reason for that crazy drop apart from manipulation.
The highly leveraged positions would have been automatically closed out if insufficient capital was in the account.

Was highly leveraged long in PM got handed thier arse. on a plate due to that manipulated flash crash planned at the most illiquid time on a Sunday night...Would be interesting to see who the sellers where & buyers at 1680 at that time. Discusting.
1680 was the lower support line for gold, check the chart how it was played. That must be the intermediate cycle over now & possible next leg up. Not the way I was thinking it would happen mind

Even if they do raise rates it will only be a very small increase & not enough to send PM into a bear market. PM we're rising at many other times in history with much higher rates than today...inflation now is a global issue & the printing presses won't be stopping anytime soon. This intermediate PM cycle is nearly over and then the next leg up will begin.

HUM flying today....also very undervalued & at lows. With the new mine they have just acquired they will be producing over 200,000 ounces of gold.....at 20p its a joke. Could be a nice investment though for the future . I'm invested in both FRES & HUM

JP Morgan are part of the manipulation in PM.

JPMorgan Chase & Co admitted wrongdoing and agreed to pay more than US$920 million (S$1.26 billion) to resolve US authorities' claims of market manipulation involving two of the bank's trading desks, the largest sanction ever tied to the illegal practice known as spoofing.

Silver price forecast:
Year Mid-Year Year-End Tod/End,%
2021 $26.26 $27.46 +8%
2022 $27.73 $29.44 +10
2023 $29.63 $33.89 +34%
2024 $35.52 $40.09 +58%
2025 $44.60 $48.93 +93%
2026 $52.26 $52.84 +108%
2027 $53.93 $57.66 +127%
2028 $59.08 $61.25 +141%
2029 $64.70 $67.12 +164%
2030 $70.48 $73.82 +191%

I was researching the outlook for silver prices recently & they certainly do look good over the next 5 years and further. Especially considering industrial use is going to go ballistic. That's the main reason I'm invested here. Gold should also do well but silver will do much better in my opinion.

https://youtu.be/1njIckENbRA

Just doubled my holding...results yesterday was fantastic & future production looking good. I'm ignoring the short term noise and buying the dip. I'm a believer pm prices are going higher long term as will fres