Member Info for ID78

Napthman when someone posts that the price of silver doesn’t matter to a company with a significant interest in an exceptional silver project during a silver bull run the you know their game and to ignore them.

Myavian… is full of nonsense and immediately one to ignore. The deramp could at least have been slightly subtle but no ‘the price of silver doesn’t matter’

Muppet.

Put another way - when the markets crash even more money will rotate out and into gold and silver

This is only the start..

There is a long way to go.

I’m sure there will be a pullback at some point, but the main thing is the main markets are still buoyant…

What happens when the AI bubble pops and the mag 7 crash the S&P??

What happens when the S&P and Nasdaq start to struggle from the lower liquidity as the Japanese carry trade ends as a result of the sky high the Japanese 10 year bond yields and the carry trade is no more?

What happens when Bitcoin crashes through the $86k support and dives lower?

The American markets are due a correction and money will seek a safe haven, of which there are 2 choices. Gold and silver.

Then for silver there is the industrial demand and the need for silver to keep production going…

Gold and silver have a LONG way to go. This is still only the beginning.

I think the wife’s Mini does 0-60 slower than silver is doing $100 to $120..

Https://m.youtube.com/watch?v=u5Nk71bYf6Y&pp=2AaeEA%3D%3D

It’s just crazy!!

I remember hearing that in March a lot of contracts are stood for delivery - more than Jan, Feb and there is every chance the silver will not be there to meet the contracts on the Chicago Metals Exchange...

I wonder what happens to the price of silver if that happens?….

Silver now $113

Oh I am waiting!

Not even had news an we are into the 40s

*buying here shortly

Thanks for responding.

I don’t hold any, sold out in the previous hike in SP and tempted to buy back. I think there will be another wave with UFO….

With regards silver miners, Clive Thompson and Rick Rules moving from physical to the miners. I whole heartedly agree. I don’t hold SILG but plan on adding here shortly.

Love Clive by the way.

The only thing is that OMI, have different prospects will still be drilling for (and hopefully finding gold) as they prepare for production at PEPAS.

So different projects at different stages on the Lassonde curve - whilst PEPAS is maybe at the orphan stage Argentina is reporting a discovery, etc.

So I hear you about the Lassonde curve but it’s maybe not that simple with OMI.

No bananas for the monkeys then

https://thatstocksguy.substack.com/p/market-is-bananas

MrE … any thoughts on UFO?

My chart suggests a breakout, tho it is lacking a catalyst (drill results).

Tempted to buy back?

Hhhmmm who knows what?

That’s not pocket change (unless you are Elon Musk)

So after that I’m off to buy Nvidia

(I’m in a joking mood today)…

One of the market commentators I listen to, PP, is Michael Oliver. There are just so many factors that will just drive silver higher

- Increased demand from production driven by (in part) new tech like EVs and AI data centres.

- China is controlling what they export…

- and I think March is normally one of the big months for contracts being stood up for delivery. There is every chance that could fail as they don’t have enough silver.

- So what happens to the price of silver if they just can’t meet the demand? If they can’t physically supply the stuff?…

Then there is the increased demand as a monetary metal:

- the Japanese 10 year bonds are rocketing and this kills the carry trade that provided liquidity for the US markets which will take a hit

- markets take a hit - so does the AI tech bubble finally get called out as the overpriced nonsense that it is?… and panic sets in?

- the mag 7 drop, and people bail out the markets (into something more safe, gold, silver?)

-> the capital rotation out the stock market and into precious metals that is already underway will just accelerate.

- in addition, devaluation of the dollar to attempt to devalue the debt…..

There are multiple catalysts at play here so yeah Silver really can go crazy.

$100/oz is not where the silver story ends!!

Yeah it’s just massively undervalued and it will be recognised sooner or later, LW.

One of those shares you can buy, hold and not worry about. Love it.

Good stuff, thanks for the info 👍

I think Michael Oliver said he calls it a noodle indicator.

Whatever that means..

But hey, just stick to what you know and what works for you. For me RSI is most useful if you can see divergence from the SP….

Well done, Dr R!!!

That’s the sort of trading I like to hear about ..