USL Chart Thread, page-78

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Wack

4,305 Posts.

6491

13/08/24

10:57

Post #: 75181701
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Originally posted by Wack: ↑

Morning all.
@Armitage Shanks
Man you are game.
This is not a sector I want to be out of.
With the markets around the world finally showing the signs of stress,
I am certain the choice will be PM's and metals in general.
Gold performs very well in times of crisis and the signs of that are incoming.
I have another top up bid sitting so will be happy to get hit.
The chart is starting to indicate that silver is very close to a turn so timing could be great.

I am STILL expecting a drill campaign forthwith and we have plenty of fire power to do a decent campaign.
I also think we are spoilt for choice in targets now and that the choices is no doubt the main hold up to a decision.

Here is the chart at the time of the Mia intersection.
Yes I know I have put it up many times but this time I will point out another additional factor to consider.

$1.02 we had in the SP then so what could prevent that happening again given that we have much much more land and a much larger resource than we had then, more than double actually.

What was the silver price then?
After all, we have to make it apples for apples hey?

Red circle indicates the silver price around the time of the Mia intersection.
Around the $24 range and we now sit at around $27 in a decent market correction.
I expect to see much higher price of silver incoming but that is in the next chart.

Let's now look at the silver price chart to get some indication of the current TA.

There are 4 indicators along the bottom that all show clear signs of bottoming imho.
This is equivalent to my highest conviction stocks and very happy to remain in this.

I do take my hat off to you for the anatomy to trade it however.

Great timing to re enter now also imho.

Kind regards, Wack

Expand

Morninbg all.
Wonder how that drill campaign is coming along?
Here is something to ponder while we await.

I do love it when there is not much interest in a stock.
It can represent great buying opportunities just like now.
I did miss my stink bid to top up further however.
I really can not complain.
Kind regards, Wack

USL Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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