MMA 2.08% 23.5¢ maronan metals limited

Ann: Very Positive Preliminary Metallurgical Test Work on Maronan, page-14

  1. 2,942 Posts.
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    I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.

    So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.

    https://hotcopper.com.au/data/attachments/6110/6110102-a370c86ea032367b9a3d40b0c9e2186e.jpg

 
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23.5¢
Change
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1 22472 23.5¢
 

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24.5¢ 3800 1
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Last trade - 15.46pm 26/06/2024 (20 minute delay) ?
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