I Never see Mines Closing Down..but as bonds are reset...precious metals will become much much more in favour as a store of value...why hold debt at negative interest rates ...indeed debt at 30% plus higher than the issue price on a negative gross redemption yield.
We have seen India change policy to raising Gold holdings to 10% and that would be more than half of last years world supply of gold bullion...if Switzerland moves its suggestion of 5% to 10% for gold and silver bullion as percentage of clients portfolios then there will be huge pressure on the world price of Gold and Silver...Now major Investment Funds are beginning to accumulate...yes people will join more and more on the physical and this will inevitably continue to push the price of shares in Silver and Gold mines up and up.
We should remember that precious metals are" highly volatile at major turning points"...we are at the start of a huge run on physical Gold and Silver..We have that high volatility ...Investors will be taking physical delivery more and more in the futures markets and the prices will just run and run..now is the time to accumulate..true underlying shortage is putting on upward pressure..they can play with paper on the futures but finally the demand for physical delivery will conquer the movers and manipulators and Gold and Silver will be truly priced...and priced much much higher than today!!!!
Watch the direction of the daily London Fix.
All the best to All.
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Last
3.3¢ |
Change
-0.002(5.71%) |
Mkt cap ! $52.43M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $122.3K | 3.649M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 487579 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.033 |
6 | 854977 | 0.032 |
1 | 300000 | 0.031 |
4 | 493833 | 0.030 |
5 | 924000 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 487579 | 2 |
0.035 | 709296 | 4 |
0.036 | 40620 | 2 |
0.037 | 368500 | 2 |
0.038 | 520000 | 3 |
Last trade - 15.57pm 04/09/2024 (20 minute delay) ? |
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