SLR
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0.00% $1.57 silver lake resources limited

MACQUARIE RATES SLR AS OUTPERFORM, page-415

  1. BullishBearish
    2,185 Posts.
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    07/12/23
    17:45
    Post #: 71332910
    The old guard has fallen imo evidenced by gold not budging as rates rose in US dollar terms. This happened because Shanghai GE premiums ballooned on tightening net supplies vs LBMA gold fix in London. I think any naked short beat downs going forward can now only ever be temporary because of the arbitrage.
    Shanghai premium below
    https://hotcopper.com.au/data/attachments/5800/5800474-09446f66de6415d8c46925f541295068.jpg


    https://hotcopper.com.au/data/attachments/5800/5800463-84746f7b8d4b154f72e209e2f7f3a1c2.jpg

    Last edited by BullishBearish: 07/12/23
    SLR Price at posting: $1.13 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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