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As they say that the market can stay irrational much longer than...

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Silver King

2,571 Posts.

247

03/09/20

23:05

Post #: 47073792
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Originally posted by Dratoz: ↑

Yesterday they declared that Australia has entered the biggest recession since the 1930s and the stock market went up close to 2%. Just imagine how high the stock market would be if we had a crisis every day.

They extended the free money for everyone (other than the public servants) until sometime next year. The FED has given the world a fair warning that they are going to use inflation in dealing with the debt. The PMs went down!

Fundamentals do not matter anymore. The free market is no longer. This will end (badly). Hang on to your PMs and PM stocks IMHO. The current volatility may be indicative of an upcoming explosion.

Disclosure: not holding SVL or SVLOB right now, but still interested in them.

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As they say that the market can stay irrational much longer than you can stay solvent.

Lots of guys here, if you skim through history posts on SVL forum, were calling for the second shoe to drop around May this year, never happened.

Meanwhile silver went from $15 to almost $30. Did they miss the big gains?

SVL Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.1¢		Change 0.000(0.00%)		Mkt cap ! $137.2M

Open	High	Low	Value	Volume
9.1¢	9.2¢	9.0¢	$252.7K	2.782M

Buyers (Bids)

No.	Vol.	Price($)
1	22738	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	438655	6

View Market Depth

No.	Vol.	Price($)
1	22738	0.091
44	1711365	0.090
19	871815	0.089
18	672336	0.088
5	530820	0.087

Price($)	Vol.	No.
0.092	438655	6
0.093	199944	3
0.094	1304975	9
0.095	1299982	8
0.096	966545	8

Last trade - 16.10pm 01/10/2024 (20 minute delay)

SVL (ASX) Chart

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