Hi, gold and silver bugs are an adamant lot. Many of them work in the industry or have family members working in the industry. They think about the industry most of their waking time. They do not know much about anything else and are also not seriously interested in other things, beyond the gold and silver mining industry. With this in mind, we can safely say they never have the " inpert " view about the industry ( meaning a view from an outside neutral perspective into the industry as against an " expert " ). They are always super bullish about gold and silver , they read articles saying gold and silver will go to the stratosphere .
The net result of the above is gold and silver bugs never given up on their favorite stocks, they keep averaging down their favorite stocks over many years even when they are down 90 percent down from their original buying prices. They watch their scrips go to zero , rather than sell and get out at some point.
The market makers ( or operators) know all this inside out, so literally play with gold and silver bugs, torture them with very low ranged prices for months and years.
Why I am saying all this ? I am not a gold or silver bug, just an opportunistic investor who got into the sector in Sept 2016 and building positions slowly in a no of quality scrips
Based on funds and charts, I would say we are almost into a mega bull run in PM sector, this is just not a fall rally in stocks. Avi Gilburt says if we sustain this rally over next few months, we are looking at a multi decade bull run in the PM sector, I am not joking here mates . As per some of the best experts , we are looking at gold at USD 1800 and silver at USD 28- 30 in maximum 18 months to start with.
Keeping this fact in mind, the market makers are still keeping the SP of scrips like SVL highly suppressed, so that the gold and silver bugs will think the scrips will never go up inspite of gold & silver going up and sell and get out now.
This is simple maths that if gold goes to USD 1800 and silver goes to USD 28 - 30 , many projects like SVL will become highly viable, there will be a stampede by large guys to get into such plays.
Let us just relax and allow the markets to do their jobs over next few years.Cheers.
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Hi, gold and silver bugs are an adamant lot. Many of them work...
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Last
9.7¢ |
Change
-0.002(2.02%) |
Mkt cap ! $149.2M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.7¢ | $427.0K | 4.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 549082 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 31656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 126771 | 0.058 |
2 | 232500 | 0.057 |
6 | 401190 | 0.055 |
4 | 470000 | 0.054 |
5 | 239434 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 50000 | 1 |
0.058 | 30000 | 1 |
0.060 | 598824 | 6 |
0.061 | 259906 | 4 |
0.062 | 42000 | 2 |
Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
SVL (ASX) Chart |