"The current silver price is $28. There is a lot more upside available here."
My word mate. Not many people looking even now yet look at what has happened in the past month. How does that change anything? The margins in the PM space just multiplied. In this vid below, Lobo announces that it is time for him to re assess his view on silver. So why now? It was very good buying before. Well one good reason is that the breakout in the PM space has just had a huge impact on the whole sector but- there has been very little movement in the prices of the stocks to reflect that impact.
IMHO, the market may be waking to the importance of these metals after 2 generations of the opposite. The people in the market, (unless they are old) have forgotten how these metals respond in times of economic troubles. The same people are not aware of the debt level and it's impact because it is now considered normal activity. That impact is yet to hit but it looks like there is currently some attention change.
So what does that attention change look like?
Like this-
Why is the gold price important to us? 1. we have gold in our projects. 2. silver will move with a lag and then get a sling shot. Silver is currently tracking gold and the real moves are yet to come. These break outs are only the beginning. They are the sign of an initial start to a large change yet to really get under way. Most of that change will be because of the change in sentiment and realisation.
Prices have moved enough in the past month to have double margins in a lot of cases already.
Yes we need a rest and some consolidation but the real problem is not going away for a very long time. Debt. World debt is here to be fixed this time. In this podcast below, PL gives his opinion on what the gold price may look like in the process. https://kingworldnews.com/pierre-lassonde-04-13-2024/
The US has lost control of the gold price so if the east have control and they own more of it than the west, What will that look like in the near future? It will look a lot like the charts above.
Now to see what happens with USL as a result.
Kind regards, Wack.
USL Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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