S&P/ASX Small Ordinaries (ASX:XSO) - The Brains Trust - 2024, 73902489, page-1132 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by cha ↑

Hi Dave
yes longer term is the best picture
I reviewed asx on short term and long term and almost always come up with something out of it all

silver - my goodness. some excitement at last
i also saw the media touting adt, ivr, svl and a few others on friday
where were they when adt was 80c. it has already rerated completely
yes there is more in it but the media is not the way to make money in the market

as for ivr and svl and the others it highlights for me the difference between good solid junior plays like adt and the hope of the specs

but picking up on your point about longer term charts i took some positives out of the move up on friday of silver copper and gold

i posed the question to myself over the last year are we now still pre 1980 spike or in the backwash post 1980 which saw a 20 year fade

i have hoped. i have expected and fridays move gives me even more hope

then looking at the silver chart - really longer term
i ask myself can it do a rinse and repeat of uranium - dead for years and years and then it takes the quality plays to new records

uranium was easier - there was clear factual material that uranium would come back into use and there would be a backlog of demand to meet and i just had to get set and wait for it to unfold

the same as with copper here and now

silver? there is some material suggesting it is needed for industrial use plus a safe haven of sorts

Time and the horizontals are about the best i can do with the silver chart
silver has got the spike here of $31 which meets the horizontals of 2011 and 2020
the difference in 2011 was that it kept going all the way to $50 the same as 1980
if silver gets through this level then it would seem the next leg is underway but we will see
time is also a factor similar to gold which i posted on with its cup and handle from 2010

i ask myself do i expect this spike to $31 to continue. This spike has been years in the making and was expected. Do I hold on to see if are in the middle of a 1980 or 2010 move to $50 plus - similar to uranium
or is this going to be another 2020 horizontal at $31 and that is it?

I cant call it and it is an individual choice

but what keeps me interested is looking at the share price of the micros like ivr and svl back in 2010. yes they existed then and they existed then and they have done nothing in between except fade but if silver continues its run here then my goodness we have the next uranium play

I remember once being asked how i look at the market
over the last few years i have seen hopeful positions in the commods and the asx and focused on the potential rerates and the potential returns

copper silver uranium gold and the asx blue bloods like jbh mqg etc

the only good one yet to really rerate is sto and gas

being right once a year on the time clock has been the extent of it
instead of chasing the media on each rerate
buying when there is blood on the streets and selling the spikes

i cant see the next step for silver here or the spx.

i can see the multi year cup and handle in play for gold

with silver, all i can say is looking at the 2010 prices for ivr and svl i find myself tempted to let this move unfold
it coincides with the pattern in gold which i do have a bit more trust in and certainly the pattern and demand for copper unfolding

but i am not considering buying monday. it is whether to sell some or not

i am actually happy with what i have done with adt from 80c. that is safe, reliable charting on a junior midcap

the rest are micros which keep on issuing shares and promising drilling updates but never look close to ever producing divvies.
all the best to everyone. exciting times at last

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Read one report where it is suggested silver consumption in solar panels will increase to 20% by 2030, and currently 34% going into electronics
Silver has to be considered one of the green metals.

Warren Buffet (notoriously anti gold) buying Barrick and Michael Burry buying gold etf, and central banks increasing their buying….all indicate that the re weighting toward a heavier PM exposure is happening