IVR 2.17% 4.7¢ investigator resources ltd

How progresseth the lit fuse?

  1. 13,592 Posts.
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    This is most interesting.

    On 2 April 2020, Goldy started a thread headed “Someone light the fuse?” The sp was 1.1 cent and Goldy said “Maybe a bit early but watch Silver closely”! POS was USD$15.26.

    On 16 May 2020 someone started a thread headed “The fuse is lit?” The sp was 1.5 cent and he said that K$tco showed that POS has goneup 4.76% to USD16.61 overnight and referred to an opinion piece "Silverfinally decides to join the gold party" on K$tco.

    Before start of trading today the sp is 1.7 cents and has formed a very strong resistance at this price.

    Overnight the POS went up USD0.36 to USD18.20 (per K$tco).

    In her latest article on K$tco ('Most violent' bull market is here: Gold looking at $5K, silver at $50 in just three years - Chancery Asset Management), Anna Golubova says that the gold and silver markets are in the early stages of a bull run.

    IMO the waiting is over - the fuse is definitely lit. We await the almighty explosion!


    ""The ingredients are all there for both gold and silver to begin an epic rise, and Puppendahl is not ruling out seeing gold at $5,000 an ounce and silver at $50 an ounce in just three years.

    “We are still in the early stage of this next bull market, which is probably going to be the most violent and in percentage terms biggest bull market since it began in 1999-2000,” he said. “Medium term, I would expect $3,000-$5,000 gold in the next three years … Silver could go from $18 to $50 within the next three years.”

    Another key prediction for the precious metals bulls is that silver will finally outperform gold, according to Puppendahl.

    “Fundamentals are pretty much the same for gold and silver but silver moves in a much more volatile fashion. In a bull market, silver moves much more in percentage terms,” he said. “Ingredients are in place for silver to finally outperform gold.”

    The reason why silver hasn’t done much up until now is because of the metal’s usual trading pattern at the beginning of a bull market, Puppendahl pointed out.

    “In the early stages of the bull market, gold starts to move first and silver always lags behind but starts to move with certainty later. Once it moves, it really moves. We’ve seen it in 2010 when it went from $17 to $50 in the space on nine months,” he explained.

    Longer term, Puppendahl is even more bullish on silver, expecting to eventually see triple digit prices for the precious metal. “It doesn’t take much to trigger a sharp move in silver because it is such a small market,” he said. "


 
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