Lastly, while i provide this technical charting, the fundamentals for gold and silver get stronger each day and will show it in the charts over the next several years….
I include a new chart comparing silver industrial demand versus investment demand….
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This is 50% higher than average $16.35/oz in 2q20.
If stock prices decline, gold’s upper hand should accelerate as base metals come under pressure.”
It really could be £200m+ market cap in fairly short order.
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Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
My low-case £45m valuation factors conservative assumptions on: i) resource size of #silver assets ii) chance of hitting iron ore exploration targets iii) silver price ($25).
Gold and silver is trading lower today on the back of a sharp recovery in us dollar as investors weighed whether an accommodative turn from the european central bank later this week could hit the euro, while the pound nursed losses due to brexit uncertainty.”