Fed cuts by .5 and the USD goes up...yeah right....metals get a boost from here,
..as you rightly pointed out
@gj0201, POG/USD is usually engineered to do the reverse on announcement days
Inflation genie is not back in the bottle.
@cha....now I premise this by saying I have no idea what is going on at the ADT Vares operations but there are mutterings about 'technical difficulties' with the operation, along with the tailings dam issue that we already know about. Hence, I have significantly reduced my holdings. I cannot afford to be on the wrong horses at this stage of the bull. Again, I have seen nothing in writing, just broker chat...and I must admit the other half of me wonders if it's a way of 'engineering' some liquidity. So, I could be the goose, but I prefer that to being the sitting duck.
Anyway, I think you hold, and I would not presume to offer advice to the most experienced trader on the forum. If nothing else it will be interesting to see how it plays out. I think they report soonish. I might have to scramble to buy them back, but there do seem to be some silver stocks that are gaining some traction on the ASX.... ASL, MTH, SS1, USL, plus still like MMA
ASL and SS1 benefiting from support/coverage by Perth brokers...both have had incredibly well supported CRs in the last week
(20min delay)