RE: Geologist in OZ25 Sep 2021 06:47
I’m not to sure I said it would never reach 9p… but I stand to be corrected. However, I’m guessing CB is gonna need more money soon to continue on track. None of the big boys are going to come in any time soon. Those with deep pockets full of cash will sit and wait while at the same time they will want to pick up as much as possible for as little as possible. I can’t see copper going up more than 10-15%!within the next 6 months. CB looks at the SP saying to himself why is the price so low. There’s always a reason why. The latest move up runs alongside copper prices bouncing back a tad. It’s not anything to do with XTR production. However, I did say in my recent comments that we will get a bit of a shock, in part was a SP moving up with Cu to run higher, but like I say, most of the movement is copper prices. I think that copper will slide back down making it harder for the SP to take off unless, copper is on a downtrend atm. Also, while the Nasdaq and SP500
Have Only been slipping back on a 50 DMA, then rising again, tells me that a correction is due very soon!