no worries @pdi
yeah Gold has put in a triple bottom, the third one just last week on Friday following on after Powell spoke mid week
Silver though is putting in its fourth bottom, that starting mid-October and getting a boost along on Friday too
both the silver and gold bottoms are basically pre-covid levels, but of course money supply ballooned disproportinately to gold production, so Gold
Gold to Silver ratio is down to around 80, when 60 in recent times is a bit more the norm leading into covid.
precious metals both Gold and Silver being taken for delivery to the BRICS+ aligned countries in significant quantities
I for one think the precious metals prices are going to smash it out of the ball park in the not too distant future, especially when Saudi Arabia comes out and says "sure yuan, rupee and ruble even - well certainly sell to those partners in other than USD"
if that happens, the Feb Scoping study has some sensitivity numbers for upper range Gold prices and it's pretty favourable to NPV
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0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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