8%? Could we actually go limit up today?
Ipso – I love ELYGF own a bunch, hasn’t participated the last week or so though and I’m not sure why.
8%? Could we actually go limit up today?
Ipso – I love ELYGF own a bunch, hasn’t participated the last week or so though and I’m not sure why.
Bought ELYGF and KRRGF
KRRGF is well overbought. I don’t care.
and reverse the open, this would be it I suppose.
The shares will be the first to let us know.
Let’s hope not, if wall street is truly throwing billions into our pm’s we are just getting started…
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BRUSSELS (Reuters) – European Union leaders clinched an historic deal on a massive stimulus plan for their coronavirus-throttled economies in the early hours of Tuesday, after a fractious summit lasting almost five days.
Why is silver trading so strong?
'Sprott Silver Trust To Purchase $1.5 Billion Of Physical Silver, A Jaw-Dropping 8.8% Of Annual Global Production'
— Willem Middelkoop (@wmiddelkoop) July 20, 2020
still ripping to the upside. another ten percent up in premarket. another gap-up open seems likely.
silver? breaking the twenty dollar resistance? yeah, and twenty one as well !!! how ’bout those apples?
Last look up $.96 – unbelievable.
edit: now $1.05
$21 breached…
“20 times”
Sounds like a lot of healing to me. I could accept those gains without too much consternation. 🙂
They have been looking for a correction for a while, based off their studies….but do not recommend anything but buying more on dips….they don’t see much danger for Silver here, only Gold and shares….but again all based off indicators.
Long term, they see the sector as a stand out buy, for massive moves…..if Gold hit their $ 7.5 K tgt that is 4 times todays price, the shares u cud expect to do 5 times, which is 20 times…as for Silver the multiples are way bigger…..even TSLA would hve problems just doing 4 times.
Some of these little silver shares are in the stratosphere overbought, I wonder if they can stay overbought for 10 years like the SM did for almost every day after the meltdown in 2009?
Sure is exciting to watch though after all these years of depression.
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I think the Banksters are in big trouble with their silver short positions and I’m loving every minute of it. 🙂
PM shares sure seem to be getting some momentum!
It’s been a long time coming if the Crimex is burning old friend.
Have to wonder if the banksters will be on the right side of the trade again.
Doesn’t appear they are from last week’s COT Report…
Saw your post yesterday about the Adens and their forecast for a potential downdraft to HUI 275 and below.
I guess based on their T/A it is reasonable given the volatility in our sector.
My argument against would be that the last time gold was at these levels the HUI was up near 600, albeit silver was much higher. Silver is the key IMHO. I also think support at newly breached 290-300 HUI might be a little stronger than thought.
We’ll see as always. I’m still waiting for some kind of blowoff, maybe we’re seeing it in silver and the HUI today, but we’ve yet to see it in gold, also IMHO.
“silver unshackled”
I can hear faint screams coming from the crimex building. 🙂
spot up $.64 – USD down a smidge
metals up across the board, oil too. The beginning of inflation? Lack of faith in fiat?