Crystal ball/dartboard stuff and obviously world has become a lot more complicated over the last week.
My view would be a slow melt up in PM prices, along with oil and other commodities.
MKR can still make a tidy profit at US $30 silver and last week I would have said that would be about my target price for Xmas '22, based on a number of inputs, I will not bore you with.
However, with the current geopolitical machinations at play, I wouldnt have any confidence in anything, other than it is likely we will see increased volatility and reduction in risk appetite.
All I can really tell you is that I do think MKR is a good story with a lot of upside and is being increasingly de risked.
I will be happy to see the PM prices just continue to creep up and dont think we need to see huge increases there for MKR to keep banging out solid quarters.
Obviously transition to silver processing needs to be done right but I am confident they will pull it off.
TLDR - I am accumulating at current prices.
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