Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Hi Jmax, i could not agree more. What in your estimate is the output increase that this will add for 2022? My back of the fag packet was that silver production could rise 20% with this online as they expect with more to come in 2023 as it runs at 100% capacity.
I don't know anything about RT and keiser, but I thought it was interesting that the silver that JPM is on the hook to deliver seems to have come from London. Not the comex vaults in nyc. If they have so much of the stuff why do they need to move a hundred tonnes across the pond?
maybe one of these days Elon Musk will tweet that he is buying silver, to stick it to JPM and Dimon. I mean its not impossible he does like a nice public feud every now and then. He could say he is stockpiling for Tesla to ensure production and pretend it isn't about generating a short squeeze.
Someone took about 3,000,000 OZ from them in the last 7 days by buying Nov futures which have to be paid for and settled straight away as opposed to traded on margin. A very unusual development to say the least. Dec futures are front month. All things being considered if the Powell keeps the printers running ( and I don't see how the US finances any of the Biden bills without doing so) then 2022 will be v v interesting for PMs
I think we would all like to see GSR at 25, the only thing i can see making that happen is an explosion of interest in silver as a monetary metal. In those circumstances one would have to hope that inflation hasn't hit north of 20% a year making the profits ( in real terms) less exciting
FRES is still down 21% on the year. People only just seem to have realised that inflation is not transitory and is most likely going to get worse. Not many places to hide / benefit from that dynamic, but this is one. If you are looking for some inflation protection then this is a good place to start and next year could be up 50% on the year at some point. I am not sure from where it starts, but once these narratives get going they really get going.
We were all in the move from 700 to 1350 which took about 8 weeks a year ish ago. There will be another such move soon , maybe 2, To me it looks like one started about 4 weeks ago. Seasonality in dec and jan is good for gold so why not get on that train a month early ?
Unless you are a deadly trader time in the market will be your friend here.
Tackling climate change is the investment strategy of the next 10 years+
I expect the CBs to print HUGE quantities of money to 'finance' these activities.
There will be yet another epic transfer of wealth from those paying for the game and those playing the game.
FRES could do ok out of this given the amount of solar farms that will be popping up and the inflation that this will generate.
£10 by year end? with 2 inflation numbers out this week i have hopes for £10 by the end of the week. Fres seems to be steadily getting bought for no real new reason, which must mean that perhaps, Major players are starting to come around to the inflation is NOT transitory camp. Given that gold and silver and the last assets standing to have not had a mad run in the last 6 months and buying the dip this miner is not such a bad idea. O and next year it should do 60m Oz of silver which will be about 20% higher than this year which newbies analysts will look mighty impressive.
930p was the recent high from last month and needs to be taken out and closed above, but this stock is still DOWN 25% YTD ex divs. Now it did get a little frothy on the silver squeeze day in late jan, but to be down that much with all the progress it has made is insane , in fact it is a gift.
2 inflation numbers out in the USA this week which could help push things higher.
GLA.
As long as the USA printing presses keep going and no politician will have the balls to stop that happening then at some point gold and silver will be seen as relative storages of value. I just hope it happens soon enough for the 6% inflation per year ( probably higher) to have eroded the real value of the investment.
They dont want inflation to be reined in. It is the only way to reduce the debt burden. They have to play the game of 'everything is under control' and 'we can fix things when we need to' when the reality is they cant. At some point the market will test them / come to understand this.