Varmint
NES Member
Silver miners went nuts today, maybe sniffing out a silver breakout?
Their sense of smell is pretty poor though.
Their sense of smell is pretty poor though.
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Gold and silver prices are down
- Thread starter Rider
- Start date
steven grammont
NES Member
Varmint
NES Member
Discovery Silver is up another 50% since I posted this and has tripled since Dec 19.
steven grammont
NES Member
I'm not sure what the ATH is , but it's definitely climbing today
Varmint
NES Member
I want to say the high was like $2973 (futures) and it hit $2993 today.
Honestly I would not be surprised if Discovery becomes another Kirkland Lake or Agnico Eagle. If it manifests into an open pit mine with silver at $50 and above that would be a crazy arbitrage to the silver price.
Varmint
NES Member
I donāt know if their silver deposit is getting assigned much value since Mexico isnāt giving any open pit permits. I think itās all their gold acquisition from Newmont. If that permit status changes the stock will explode.
Iām trying to take some profits in miners today for when the rally fizzles. Sold K92 Mining.
Gold just hit $3,000.00
Silver hit $34
Silver hit $34
GM-GUY
NES Member
I just looked at my APMEX account info (the holdings section - what I have here), Iāll quote Grady from Tremors 2 āI feel lightheaded Earlā.
Not that Iād ever sell it - strictly TEOTWAWKI/SHTF/WROL. By the way things are going, maybe next month
BTW:
Not blaming Trump, this has been building for decades - itās just a question does Trump do what we always do ( paper over it) or actually fix it = more pain (which is due & well deserved)
Not that Iād ever sell it - strictly TEOTWAWKI/SHTF/WROL. By the way things are going, maybe next month
BTW:
Not blaming Trump, this has been building for decades - itās just a question does Trump do what we always do ( paper over it) or actually fix it = more pain (which is due & well deserved)
Didnāt they already have a permit?
Interesting as the futures contract is now in backwardation. Futures only hit $2996 around 12:40p while Spot hit $3000. Good times for precious metals investors.
The breakaway of Gold from the Equity markets is another strong sign of this long bull market which could stretch to another 10+ years.
