Morning all. Anyone wondering how low we go? Well the lower we go the better the value imho. Here is a vid that I thought very fitting for this pathetic attitude on PM's and metals in general.
Nice to see the massive stimulus that China introduced for the EV car uptake. I notice that the US is copying but to a much lessor amount.
Silver chart looks like it caught Covid but it is getting close to support in my reckoning.
This may be the biggest cause of the depression in the PM's currently. I do think that there will be a turn back down at around 103.5 or so. Either way there shouldn't be a lot more upward trajectory in the dxy.
What will that mean here? I expect things to be rolling along with Acquisition and drill campaign planning. Tax loss selling almost over. If the silver demand deficit continues to grow as mentioned by Keith in that vid, a major upward cycle is very close. Patience is my key word with this holding.
Kind regards, Wack
USL Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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