MMA 6.12% 26.0¢ maronan metals limited

I posted the below chart on the BML forum about 3 weeks ago....

  1. 2,954 Posts.
    lightbulb Created with Sketch. 1064
    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

 
watchlist Created with Sketch. Add MMA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.