RE: chart piffle3 Jun 2021 23:09
hi BNc - yep we are (obviously) going to need some good news to keep the SP rising through resistance levels.
On the copper gold and silver front, i continue to find it astonishing that governments around the world make all of these green target statements, when it appears to me at least, that in reality the assets required to bring these targets to fruition largely remain in the ground - as per SOLG. When are governments going to start to wake up to what collosal quantities of precious metals will be required to fullfill these targets and how they will be sourced ?
If i were in government i'd regard PMs like copper, silver, lithium etc as essential lifeblood commodities for the future prosperity of the country and would be overseeing collection of these assets NOW - in the same way as gold has historically been. I think that you can be certain that China has this vision and is doing so as we speak ! If i'm underestimating governments' existing planning for these things then so be it, but the current covid pandemic has unfortunately highlighted how UNplanned governments can often be in crucial matters.