SVL 3.33% 15.5¢ silver mines limited

Can SVL become a serious silver player?, page-15

  1. JFI
    6,837 Posts.
    lightbulb Created with Sketch. 304
    Some primitive research clearly shows a huge deterioration in the mechanisms currently in place for managing and pricing gold/silver. Something is clearly brewing… Getting fix silver 6% lower than traded is a problem in itself and then it gets to $15 from near $13.58 fix a few days before… something up and there are serious problems behind the scenes from likely many many banks now in multiple asset classes, let alone precious metals derivatives.

    If we get through February without a clear breakout north I will be ever so surprised.

    I truly believe anyone looking at precious metals as a good investment in current climate is better off positioning now rather than timing it as I believe a shock is more likely rather than a meandering movement to higher prices/mechanisms.

    The Gold fix is set for April out of Shanghai. I said it before if we can get that far without a breakout north I would be surprised. It may well need to be ready earlier if anything as all hells about to break loose me thinks.

    JFI
 
watchlist Created with Sketch. Add SVL (ASX) to my watchlist
(20min delay)
Last
15.5¢
Change
0.005(3.33%)
Mkt cap ! $233.7M
Open High Low Value Volume
15.0¢ 15.5¢ 14.5¢ $361.9K 2.400M

Buyers (Bids)

No. Vol. Price($)
8 234512 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 1189268 13
View Market Depth
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
SVL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.