Thanks for that - so just in terms of cycle low targets of - AU $2700 AG $27 & HUI 270 - if the S&P does a dead cat bounce until April 2nd - then we could very well hit the breakout targets of AU $3000 AG $35 & HUI 350 before April 2nd (AG would be the only doubtful one)
Or do the miners not fully break out until the cycle low targets are hit first and then subsequently pass the AU $3000 AG $35 & HUI 350 targets?
It'd make sense because so many miners with incredible resources are still in the dirt with their SPs even though gold is almost at the 3k landmark.....the fuel is there but it still hasnt been lit....somethings missing - and again everything is playing out as you've said a long way back....
Ps great interview with Kinvestor the other day - you should make it a regular thing if you had the time - hes a good interviewer :)
Hi Don,
Thanks for that - so just in terms of cycle low targets of - AU $2700 AG $27 & HUI 270 - if the S&P does a dead cat bounce until April 2nd - then we could very well hit the breakout targets of AU $3000 AG $35 & HUI 350 before April 2nd (AG would be the only doubtful one)
Or do the miners not fully break out until the cycle low targets are hit first and then subsequently pass the AU $3000 AG $35 & HUI 350 targets?
It'd make sense because so many miners with incredible resources are still in the dirt with their SPs even though gold is almost at the 3k landmark.....the fuel is there but it still hasnt been lit....somethings missing - and again everything is playing out as you've said a long way back....
Ps great interview with Kinvestor the other day - you should make it a regular thing if you had the time - hes a good interviewer :)
All the best,
Tiarnan
The key is a fear trade. We are close. Sub 5500 could do the trick, but we probably need sub 5300 to get silver above $35 and hold.