Agree with the pullback sentiment. Do not like it but with a low...

Agree with the pullback sentiment. Do not like it but with a low entry price quite a buffer for some - but not all holders, unfortunately.

Risk is a moving target ; something nearly always comes up to put a damper on steep rises or just happens anyway..

This post from another sitemay explain some of the market movement this week.. Thanks to@Process1

The text:
It is temporary and for short time: Commodities set for worst week since start of pandemic
MINING.COM Staff Writer | June 17, 2021 | 4:45 pm
Markets Australia Canada Europe USA Palladium Copper prices are headed for their worst week in a year, gold crashed through $1,800 an ounce and palladium gave up almost $300 an ounce in a single day after the US Federal Reserve also signalled that higher interest rates may happen sooner than expected. This pushed the dollar to its highest in two months, making commodities priced in the greenback more expensive and less appealing to holders of other currencies.

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Metals were further damaged by Chinese plans to release copper, aluminum, and zinc from its national reserves as it struggles to rein in factory gate inflation at more than a decade high, although iron ore prices continued to defy gravity jumping to $220 a tonne on Thursday.

The combination with even steeper declines in soft commodities, set up the Bloomberg Commodity Index for its worst week since the start of the pandemic.With the exception of gold, metals remain well above where they started the year (tin is up more than 50% and aluminum has gained 20%), and some analysts say the rally is unlikely to fade significantly reports Bloomberg.“We believe we are in the early innings of a decade long strong cycle in commodities, similar to the cycle that took place from the late 90’s through 2008,” said Jason Bloom, global market strategist for Invesco, which oversees $1.4 trillion assets for clients: “The supply constraints are relatively insulated from the language of the Fed in a given meeting.

China can push around prices in the short-term by releasing reserves, but they don’t control markets.


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CVV will soon announce more drill results. I expect them to be at the upper end of previous grades and widths for the diamond holes. Against the headwinds above they would need to be much better to have much of an impact. Hopefully wrong.