Silver and Gold prices heading up in July is something that has not happened before. This period is usually known as the summer doldrums where traders leave their desks, volumes are low and prices stagnate. Instead, the trading houses have been caught sleeping at the wheel as their counterparts are driving this market on the physical side.
This is extremely bullish for precious metals as August is the start of the usual uptrend in spot prices as the Indian wedding season kicks in and the Chinese start buying for the new year. Add the raising of the debt ceiling and the inflationary pressures all over the world and you have the recipe for $2000/oz gold and $50/oz silver.
If SVL kicks in with news on their resource upgrade [indicated in quarterly to be released in July/August period], then i would reasonably expect the share price to rise. The head grades are too good to pass up as it gives so much leverage over the spot prices upon extraction. We will probably have another fight over the overhead resistance level at 40cps...but that will be breached too.
Its not a matter of "if" but "when". The start of August is just around the corner....
- Forums
- ASX - By Stock
- SVL
- looks like this stock may be going to run
looks like this stock may be going to run, page-87
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SVL (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $165.8M |
Open | High | Low | Value | Volume |
10.0¢ | 11.5¢ | 10.0¢ | $1.143M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2105997 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 1541303 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2005997 | 0.105 |
27 | 1439587 | 0.100 |
8 | 450060 | 0.099 |
10 | 390612 | 0.098 |
6 | 625510 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 1541303 | 14 |
0.115 | 1177819 | 20 |
0.120 | 982938 | 13 |
0.125 | 1040951 | 12 |
0.130 | 202920 | 5 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
SVL (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online