The stars are aligning for copper, which has surged 25% after breaking out of its triangle pattern and now sits just below the key $5–$5.20 resistance zone.
Now that Copper is moving northwards, we should see the GSR also move south; remember it hit 57 in Sept 2013 which at $3,000 Gold - the magic $52 oz without Gold moving!
Could the GSR hit 32 again as it did in Apr 2011? One can dream - $3,000 Gold = $94 oz Silver!
Silver hit $34.87 back in Oct 2024, so a convincing monthly close above $35, and we should see new ATH above $50 this year.
"while oil consumption is projected to decline as the world transitions away from fossil fuels"
I am not sure I quite agree.
Thanks for the article, very informative as usual.
Thank you!
Agree 100% my friend.
Now that Copper is moving northwards, we should see the GSR also move south; remember it hit 57 in Sept 2013 which at $3,000 Gold - the magic $52 oz without Gold moving!
Could the GSR hit 32 again as it did in Apr 2011? One can dream - $3,000 Gold = $94 oz Silver!
Silver hit $34.87 back in Oct 2024, so a convincing monthly close above $35, and we should see new ATH above $50 this year.
MbBullion.Shop
Yes, I can easily see that. Also, the real price of silver at the peak in 2011 was $71, so we've got a ways to go.
Hi Jesse, thanks for this update. Any particular company you’d invest, like Ero ?