An aggressive pullback in gold and rotation in the US markets
Joel Elconin joins me to share his thoughts on the big pullback in gold today. We look long term and short term and most importantly outline why this move is happening today. Here’s a hint… It’s all about the news out of Russia.
Click here to visit the Benzinga website to listen to the recordings of the Pre-Market Prep Show.
Russian vaccine…….lol………. “One Flu Over the Coo Coo Nest”……lol 🙂
The reaction in Gold & Silver & Precious Metals Miners today from investors…..
Run Away!!
EX….If a harmless little white bunny can do that….Then what type of BEASTY did that to the metals ?….OCH…therebe wild beastys a foot…..
Agreed IrishT. Apparently it wasn’t a Bear market today, it was a beastly Bunny market today. 🙂
Well on a positive note I’ve still got the same number of ounces and my CGT will be lower…win win
Always look on the bright side of life: IRVRF and ETHOF are up today, and I got to buy LOMLF@1.50 and TRXXF@.326. Life is good!
bonzo – nice Monty Python tie-in with the “always look on the bright side of life.”
Love it!
P.S. – Looking forward to Lion One continuing to hit on their deep drill holes.
Slaughter!
Do not fool yourself…….it only looks like a pull back, …..JPM…just wants your silver and
All the banks want your gold….. 🙂
Looking for silver phyz……today…….looked on three web sites………
I was looking for 100 oz bars….completely sold out
I was looking for 1 oz. silver rounds…….sold out…..
Looking for silver rounds……….call me in three days….lol.
I know my local dealer does not have any, he was asking me , if, I wanted to sell mine…
I also, was looking for platinum…..zero available at two sights….hummm
Out of sight………above should be” site.”.. sorry… 🙂
Only thing out there is a PAPER PROMISE…….
Are those like Pie-crust Promises…. easy to break?
Jerry, try CMI GOLD & silver in Phoenix
Jerry, they helped me when I was looking for Key date 1994-1998 silver eagles back in 3rd qtr 2018. Same dealer Eric King interviewed regularly up to 4-5 years ago. Good guy.
Thanks Marty……I will , appreciate the reply…
Great opportunity to buy is coming up—-there is no hurry since the rebound will probably take longer then most folks believe. Sold EXK at the high and will now purchase it back soon.
I don’t believe that the rebound will take longer than most folks believe. DT
Agreed Doc. I sold EXK at the high, right there with you, but will confess to taking an initial toehold position today when it sold off. I plan on averaging down as it pulls back further, but I just wanted a tiny starter position in place in case this was a 1-off down day.
With Silver selling off down below $24 this evening, it looks like there will be a good shot at buying EXK and most of the silver stocks for lower tomorrow.
Actually EXK is up nicely from where I picked it up yesterday, so it all worked out.
Hey guys,
I will try my best to respond to all previous post from previous blogs. All here in one shot lol..
First in for most I could not tell you if we’re headed to 1750 1780 but it seems we are headed lower. I think the consensus is we all knew that the drop was going to be hard and vicious and Steep.But what I think we all knew was that it would be short and quick And then should rebound. If this drop goes to $1750-$1780 jerry like Gary had mentioned and you were asking I would prefer it be done this month. That would confirm the low res candle I have been talking about for sometime and ex had some nice words towards my remarks yesterday. If it takes longer than we could possibly have a low in mid October. I know it sounds bearish but imo I think since this drop was fast vicious I would suspect a low to be out in faster than we think.
Regardless the guys I’m here are smart and we are taking every opportunity to buy even if it goes lower. With the mindset to sell higher..
It might indeed be so that, as Gary Savage says, gold goes down to 1750 . But it surely will not go up to 7000-10000 in the next 12-18 months. Yet, you can bet that one thing is for sure, the price will be where the TPTB want it to be
Norrareal,
With all due respect i have never seen you post before. So I’m sorry your credibility is lacking and there is no history. Secondly the ker family is educated enough to understand we are not flying to 7000-10000 overnight.. you are talking about investors in here who have been purchasing since gold was $600 or less and silver at 4 bucks..
Whatever your agenda we know about the Kabul and bankers, we tend to play with them!
Glen, i am a long time lurker and first time poster with no agenda at all. Just voicing my opinion. I am well aware of your recent calls and congratulate you for that. I just wrote that I didn’t believe Garys target price will be reached in the next 12-18 months or even if it is reached it will be because TPTB through their bullion bank agents want it so
Good thoughts Glenfidish, and yes the move today was overdue, and foreshadowed last week when the miners were pulling back or flat in the face of rising metals prices to all time highs in Gold and all time recent highs in Silver. We’ve also needed a corrective move to ensue for a while now, but whether it will be very short 1-2 days and done or several weeks with a bit more depth remains to be seen. I agree with the thesis you mentioned about a down monthly candle for August followed by a green candle in Sept and October.
Personally, I’d be surprised to see Gold sell off so hard from here that it got down to $1750 or $1780 like Gary mentioned , but anything is possible if the tables turn. There are so many people on the sideline at present that I’m expecting the pullback to get bought back aggressively staving off a pullback that would run so deep, and that would likely take a few months to play out. It seems more likely that the low $1900s or high $1800s would be where the buying would come in and support gold.
Whatever happens, if the miners keep selling off, yes, they should be bought, and if they pull back for a few weeks, then I’ll need to keep some powder dry to pounce, but I did enough buying today, that if this is just a brief pullback, and then rips higher, then I’ll be fine with that too.
Ever Upward!
https://goldseek.com/article/silver-price-drops-nearly-15-16-billion-ozs-futures-contracts-traded
This is unreal trading in the futures market. Explains in part the crash in PMs.
Geez Glenfidish I personally hope gold doesnt fall that low even though Im contemplating buying more physical with these current price drops.
Ozi, the silver miners are where it’s at. As of Friday, they had fallen as much as 26% vs SLV over the last 2.3 months and will finally soon outperform like they’re supposed to.
SILJ:SLV is still on the “ground floor” and support that spans the last 2 years. The big move so far this year was merely to get out of the hole that opened up in March…
https://stockcharts.com/h-sc/ui?s=SILJ%3ASLV&p=W&yr=5&mn=5&dy=0&id=p92380760930&a=798036651
Look, I agree in your assertion Matthew that having a look at silver miners is where its at currently for upside potential . But just for my own individual situation, I have tied off my miners positions and phys gold and am now just holding silver. Long term investing in silver is now my perspective!
Guys,
Forgive my grammar above for the millionth time lol.. I just wanted to add something of value which I think is for any new comer to the ker or any new investor. Matt knows I personally have been at a high and at a low and back up to a high and I think we all have been there? Investing is not easy..I truly hope not one person in the ker family has been affected by this take down. The old glen years ago would have doubted himself! Recipe for disaster.. but through trials and tribulations I have risen once again to the top and it’s a great feeling to see the markets in slow motion. I think some of you understand what I’m saying. Slow motion for the ones who don’t means, this move was well anticipated and even though i knew it would happen, I did not time it yet I did not lose a penny. This is without a doubt not only hard work, but staying with it and understanding the cycle and path of the government. There is not one drop of sweat that says glen are we done with this bull? Not even close..
So just people understand and what I mentioned earlier, I went from not getting out of my short term stocks and selling and double dipping to, don’t touch that shit and buy all you can in segments. So i have 25% in from these lows. My two highest purchases impact and my bull 2x etf Matt knows.
I have powder but i won’t wait for midpoint.. which means I won’t wait for this next drop if it comes. I will wait for the bigger one if it arrives and I will go all in. Im 100% certain either way I win. I’m 2011 I learned. Today my portfolio at 42 years of age is ready for this big move coming in 2021/2022..
Glen
Support looks like $1800 to me back from 2011….Where the Hell is Matt!? lol
Bill, gold has already managed a 382 Fibonacci retracement of the $415 move off of the June low and is finding some support at the old all-time high so I wouldn’t be surprised if it has essentially already found a low. Today’s action was sufficiently dramatic to scare out a lot of weak hands and rebuild the wall of worry and that’s just what the bull needed.
More importantly, the miners performed well today (believe it or not) by not providing much if any downside leverage to the metals. SIL and SILJ actually fell less than silver did and it’s probably due to the fact that they both failed to provide their usual upside leverage while silver was rising. I said a couple of weeks ago that our leverage would probably return ironically after the metals stall and I still think that is likely since they really haven’t priced-in/accounted for even $23-$24 silver. If right, we’ll see the miners bottom and get moving before the metals are done consolidating their recent gains.
SILJ probably has less than a dollar to the downside and that could happen tomorrow morning, hopefully in another “scary” gap down…
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=6&dy=0&id=p04848409458&a=726315882
I bought/added to 6 positions today and will buy more tomorrow.
13.55 would fill the 7/17 gap:
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p30653137227&a=751760176
If I’m wrong and not bearish enough, here are some more potential supports:
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=9&dy=0&id=p46095818703&a=772955081
I really believe you are bang on here Matthew.
Lol.. this is classic! Matttttt
can you see my crappy TA
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=10&mn=0&dy=0&id=p89189193362&listNum=1&a=456595626
Yes Bill, that looks like good lateral support off those old peaks in 2011 and 2012 near the $1800 level. We’ll see how it goes…
Excelsior …looking pretty ugly tonight!
Stay Calm………….everything is going to be fine……
Golden Rule…… lol No. 1…. 🙂
Don’t forget Rule #1 (and try not to step in #2)
(AR) (ARNGF) Argonaut Gold Announces Second Quarter 2020 Operating and Financial Results, Including $23 Million of Free Cash Flow; Provides Second Half 2020 Free Cash Flow Guidance
by @newswire on 11 Aug 2020
Pete Dougherty, President and CEO stated: “We’ve completed major milestones for the Company over the past few months with the Alio merger, the completion of the Schedule 2 process at Magino and the recent equity financing. The Company experienced a large cash increase of $23 million during the quarter amidst the two month shutdown of mining, crushing and stacking activities in Mexico due to COVID-19 restrictions. While production dipped during this shutdown period, we saw significant cash flow, as the heap leach pad inventory was reduced at minimal cost. We are in a position to deliver significant free cash flow through the remainder of the year, which bodes well for the execution of our transition strategy of developing our lower-cost, longer-life pipeline of growth assets. At $1,900 gold, we expect to generate between $49 million and $79 million of free cash flow during the second half of 2020.”
https://ceo.ca/@newswire/argonaut-gold-announces-second-quarter-2020-operating
(ROXG) (ROGFF) Roxgold Reports Second Quarter Results and Record Operating Margins Of $1,016/oz
by @businesswire on 11 Aug 2020
“In the face of an unparalleled global crisis, Roxgold has delivered remarkably strong operating and financial results,” commented John Dorward, President and CEO of Roxgold. “In the quarter, we achieved adjusted net income of US$11 million, generated over US$33 million in cash flow from mining operations and reported a return on equity of 16%. Our financial performance has been driven by the strong operational performance with 65,192 ounces of gold produced in the first half of this year, putting the company well on its way towards hitting the upper end of our annual production guidance of 120,000 to 130,000 ounces. This is further supported by operating performance in July with production over 12,600 ounces for the month. Our operations, while challenged by the pandemic, were able to continue uninterrupted, ensuring a continued 1,400 tpd throughput rate and low cash operating costs of $151/tonne which translated to record operating margins of $1,016/oz. With a solid balance sheet, strong momentum on production, and gold prices reaching record highs we are well positioned to deliver very strong results in H2 2020.”
“Looking ahead, the Séguéla Gold Project in Cote d’Ivoire is advancing on schedule towards completion of the Feasibility early next year and a construction decision to follow soon thereafter. The Séguéla has been a substantially value accretive acquisition for Roxgold with an NPV of $548 million and 121% IRR at a gold price of $2,000 per ounce, as well as the potential to double our production within a short timeframe without dilution to our shareholders. With four drills turning on the project returning regular results, we believe there is a significant potential opportunity for the upcoming Feasibility Study to outline a bigger and more significantly accretive Séguéla project with additional production ounces and improved valuation.”
https://ceo.ca/@businesswire/roxgold-reports-second-quarter-results-and-record-operating
Orezone Commences Relocation of Families Into New Homes at Bomboré
by @nasdaq on 11 Aug 2020
Patrick Downey, President and CEO commented, “We are pleased that the relocation of families has now commenced and was marked by a ceremony that included the traditional handing over of the house keys to the local Chief of the Natinga village and the gift of a ceremonial tree from Orezone. The ceremony and move are a testament to the support of the local communities and the Government of Burkina Faso and represent a major milestone for the Company. The resettlement villages also include new community infrastructure such as schools, clinics, markets, mosques, churches and roads, and will form part of Orezone’s long term sustainable development programs throughout the life of the project and beyond.”
“The Company has also recommenced site activities using local labour to complete the last 5% of Phase I RAP construction which was temporarily halted in late March 2020 as a safety measure to prevent the risk of COVID-19 transmission to local communities. Return of the Project’s entire site-based workforce is anticipated over the coming weeks with final completion of Phase I RAP dwellings and relocation of families expected by early Q4 2020.”
https://ceo.ca/@nasdaq/orezone-commences-relocation-of-families-into-new-homes
Junior Mining Stock Picks
Aug 11, 2020 – Allan Barry Laboucan #VIDEO
Gold got hammered pretty good today creating a great buying opportunity.
We put together a good group of junior mining stocks with strong projects and charts that are shaping up to go higher.
Companies discussed on the show; Advance Gold, Vizsla Resources, Portofino Resources, BTU Metals, Premier Gold, San Marco, Golden Goliath, Skeena, Amex Exploration, Inomin Mines, White Gold, Fremont Gold, Apex Resources and Azimut Exploration.
New Found Gold (NFG.V) and Northern Shield (NRN.V) – Gold in The Maritimes
Tuesday, August 11, 2020
https://engineerjrex.blogspot.com/2020/08/new-found-gold-nfgv-and-northern-shield.html
Gold $1882………as we type……
That a boy Matt! I tend to to side with you. The fact that it was ultra violent and aggressive means they can’t keep this dome to long as the bulls are buying strong at every level.
Glen………was that a FLASH CRASH…. 🙂
Yes sir jerry! We talked about this of course the timing is always an issue but we knew. Flash it is now how long anyone’s guess. I’m going to stick with my monthly res candle followed by two monthly green let’s see.. no panic here
We have a real problem here…
It is not a problem, it is the circle of life….
The circle of life is circling our lives right now….
Do not move, do not panic…
OK I think we just hold tight, we play it cool, we don’t make a move….
You said not to panic! You said not to panic!
Glen……..I am with you………..NO PANIC……like you told N 1968,….a few guys have silver at $4 and gold at $600……lol….
GOTS……I like that one from Sinclaire……..lol
FLASH GORDON – Official Trailer
Lmao 😃😱😝
haha!! Sorry I couldn’t resist with all this Flash talk….
Silver CRUSHED
That’s silver but I’m thankful for the speed. Bullish shakeouts are designed to scare but are over quickly. More bearish turns are often slow since they are designed to keep the bag-holders invested and buying. Grinding slow moves keep hopes alive while violent shakeouts crush hopes. There are exceptions of course, especially with crazy silver. A bull-ending top is likely to be as violent as any bullish shakeout.
Just minutes ago, silver hit the 23.50 area which happens to mark the 50% retracement of the $415 move off the June low (mentioned earlier, above). So let’s see if that level is tested during our market hours tomorrow.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=2&dy=10&id=p95677865687&a=768471626
Ditto Matthew……….I hate those grinding lower markets…..
Agreed. It’s best to rip the band-aid off quickly and get it over with. It was much better to have Silver do this than to take weeks and weeks to meander down to the $23’s in a grind lower.
As they say, the markets take the stairs up and elevator down.
This move higher in Silver was more like a “Test Your Strength! Hammer Game.”
Straight up and the straight back down.
Silver is a buy , right here…..over that $21-22 range, I have been saying more over a year…
I would just like to buy some more phyz …..at that price…..
Yep agreed Matthew. Hope it comes to fruition on this occasion.
Jerry, ex , Matt could Not agree anymore.. amazing points by all regarding silver and length/speed and slow and grinding lol.
You guys make to much sense. I’m turning off the dial going to bed. This shall be over soon and back we go. Just remember to buy of the darn thing gets cheaper.
I mixed the metals in my last paragraph but 23.50ish IS the 50% retracement of the move that began in June. That move was about $13 for silver.
Silver futures pricing is down to $23.86
We are getting this correction out of the way lickety split…. ha!
Really the Silver miners are only valued like Silver is down here, if that, so maybe this will all reset the expectations, valuations, and salutations.
Great way of putting it ex!
Everything has been really accelerated lately (the moves up and the moves down). We had discussed a few days back that the metals may need to pull back down while the miners stabilize and gain on the metals. The good news is that now everything that normally took weeks and months all happens in a few days. (lol)
A parabolic rise precedes a parabolic fall! Ugly stuff for gold and silver. Damage control at the moment. Hope theres a bottom before the weeks done.
At this rate there will be a bottom tomorrow, then a new all time high on Thursday, then a new all time low Friday morning, and another new all time high on Friday afternoon. (lol)
Ha, yeh sounds about right in this current environment Ex! An extreme roller-coaster ride.
Silver Crashes Most Since Lehman Bankruptcy
08/11/2020
“Just as retail daytraders started to flood into precious metals, with Robinhood’s retail army making SLV one of their most popular positions just last Friday…”
“… we got a very vivid reminder of just how fickle retail mood can be, and with gold hitting a near-decade high of $30 just a few days ago, the precious metal is down as much as $4…”
https://www.zerohedge.com/markets/silver-crashes-most-lehman-bankruptcy
Silver, which was down at $23.85 earler is now back up to $25.85. Just another $2 move in a few hours.
These markets are crazy!! (The good news is that now Silver is rallying – at least for the next few hours…. then all bets are off).
Yes the green is somewhat easier on the eye after that intense red, Ex. The volatility is something else, although not surprising.
As a more active trader, I’m actually loving this volatility lately, as it is hard to trade in flat and boring markets, but when things are gyrating back and forth from bullish runs to bearish pullbacks in such short time frames, it is making it quite easy to keep scalping gains in many mines. Buy low, sell high, rinse and repeat.
“Don’t Worry About A Thing”
“Cause, Every Little Thing’s Gonna Be Alright.”
— Bob Marley
Norrareal,
Thanks for clarifying.. As ex would say everyone is welcomed here.. There is not one person not named al and Cory who own this so i personally welcome your thoughts and as i have said many times the more the better. In regards to Gary, let me clarify About what i was talking about. Gary mentioned price action with the take down would get to $1750-$1780 I’m short time. Meaning 1-2 months cycle top to bottom. I think your point was no matter what gold does up or down it will be we’re the bankers want it to be?
I think it will be were the politicians want it to be.. to me it’s much higher and would not be surprised if those targets are met in 3-5 years.
Gold Update – Intermediate Correction Is Beginning
Smart Money Tracker G.S. – Aug 11, 2020
Hey ex,
Don’t mean to sound pessimistic but remember that bearish call I said regarding gold in the $1640s level around there? Jerry said flash crash and no one believed me lol.. now Gary is suddenly talking about that level lold
Yeah, I watched that video of Gary’s but I just don’t see Gold getting back down to the $1640s, and feel $1750 is really a stretch. I could see that old resistance at $1780 now being support, just below where things broke out at $1800, but the $1640s would be an even more extreme down move, and with all the macro economic reasons being the same today as they were 3 days ago, one would think the buyers would come in at $1800 or $1780 and then it would move back higher.
I’m just glad I trimmed back so many stocks over the last few weeks, and didn’t just hang onto everything to “be right and sit tight”. Things were getting really toppy and frothy for a while now, and while chart indicators can stay overbought for longer than normal in a bull run, eventually overbought is overbought. A corrective move was due, and like you mentioned over the weekend this was a good week to sell. Really Monday was the day to sell, and luckily I did sell a lot on Monday (and most of last week as well). I did buy a number of stocks today though in case it was an exaggerated 1 day blip, but it looks like things are going lower from here, but I’ve been waiting for a good corrective move to buy more and have the funds raised, so let’s get on with it and go bottom fishing. 🙂
Gold is rallying again up from $1885 earlier back up at $1941. It’s down, it’s up, it’s correcting one hour then surging higher the next. I guess the thing to look for will be the opportunities created by the huge swings in price.
Good luck to everyone out there in the markets on Wednesday.
Listening to Ira Epstein’s analysis on YouTube offers a more reasoned synopsis of potentials going forward. 8/10 & 8/11 episodes are both must listens. Gary’s reasoning is as if we are in the same 2008 – 2019 paradigm. WE ARE NOT
Ditto Marty………Spot on …..”We are not.”…..
I see we bounced back…….goes to show this market , …one day a market not make… 🙂
Marty, I couldn’t agree more about Savage.
Marty,
From my lenses Gary has been premature earning the cycle top but had anyone listened to him over one, two or three weeks ago you would have been at the sideline while licking out a short term top on impact 1.25 and many many other miners. He was clear as was I but did not follow my plan should have known better. This was and is a great buying opportunity and many did not sell including myself. The only difference is I’ve gone into buying mode.
To me this does not look like a bottom yet.
Marty – Agreed. I saw many different stances on where the metals were going on various sites yesterday, but had posted Ira Epsteins video below as he is a very balanced and dispassionate technician and after watching his videos I gain a great deal of insights on his swingline analysis, using the 18 day and 18 week moving averages, looking for markets trading out of or inside the bollinger bands, and using the slow stochastics indicator in conjunction with price to establish the trading trend. I’ve posted Ira’s weekend review every weekend show for a few years, and I know CFS has posted many of his daily videos for a few years as well.
Cheers!
Glen…..ditto on the buying……silver is not going anywhere but UP……
I bought several items yesterday including a few thousand shares of GDXJ and SILJ and am glad I did.
Yes, as mentioned yesterday, I bought a number of shares yesterday that are up today, so I’m temporarily glad that I did, but if the metals are part of a larger corrective move like Gary Savage mentioned, then those buys will end up being premature.
Yesterday I got a good opening snag of Discovery Metals, added new toe hold starter positions in BTU, SILJ, and EXK, and added back positions I trimmed at much higher levels in MTA, SVM, AUN, MMG, USAS, CDE, MUX and AXU.
We’ll see how eager the central bank’s are to buy—
Yeah… First up to bat… Canada…. (oh wait….)
Canada starting from Canadian goose eggs….
Well, let’s just hope it is the goose that lays golden eggs… haha!
Ira Epstein’s Metals #Video (8/11/2020)
#TechnicalAnalysis #Chart – Gold, Silver, Copper, Platinum
How Many TRILLIONS>…………I just thought this was interesting…..
In the case of JPMorgan Chase, it dropped its total derivatives from $55 trillion notional (face amount) in the third quarter to $46.9 trillion in the fourth quarter of 2019, a decline of $8 trillion in one quarter or 15 percent. But by the end of the first quarter of 2020, JPMorgan had pushed those derivatives back up to $59.6 trillion.
Hummm..Just thinking about it……..US Debt $26Trillion….and JPM..has $59 TRILLION derivatives
Wonder when , everyone gets Bailed In…… lol
The bull has a way to make you think jerry lol..I’m not trusting this bounce at all..I’m now looking at a more favourable position that has a monthly red candle I’m August followed by a red candle in September and final bottom for miners in October “but” green candle up. Than on are way to $2300-2400
Giving this scenarios a 60% shot. We need to clear out sentiment and that won’t be done in days or weeks. Than second wave hits us corona up we go
Glen……..good food for thought…..No one said it would be easy… 🙂
Glen…..I think your comments on year end are reasonable…..and have no problems with those thoughts……
Dec Gold….$2500…….. 🙂
I think I am joking on $2500…… 🙂 This is NOT trading advise just for the record.. 🙂
GLD is holding above the 20 day MA that it last touched in mid June:
https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=10&id=p63421546800
Is anyone else here following NEE Northern Vertex? I’ve been really impressed with their move higher as a new producer for the last year, and they just put out a good quarterly report last week, but starting Monday they’ve been halted.
Anyone have any thoughts what it could be?
They had just updated the market on their operations, so either these are wild drill results, or I fear they may get a takeover offer (which I hope doesn’t happen….. yet, as they still have so much room to run now with the higher metals prices).
I should clarify, that if they do get a takeover offer, it will likely be at a good premium, and I’ll have an even nicer gain than present, but most takeovers are in the 40-60% range, and a stock like them can make that up in just a few weeks to a few months with leverage to rising metals prices, and still go much much higher.
Maybe there is some other reason for the news halt though, so we’ll see how it goes.
Russia > Covid , Vacine…. = Exploding heads in the Us & the WHO…..So many so called experts , Running around FLAPPING.
Read the comment’s section below this article…..PRICELESS.
https://www.zerohedge.com/geopolitical/russia-registers-worlds-first-covid-19-vaccine-which-was-tested-putins-daughter