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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (173281)	6/17/2021 9:25:53 PM
From: sense	Read Replies (1) \| Respond to of 218125

I bought more NFG today... a bit at the open... more nearer the intraday bottom at lunch time. Instant gratification to see it close at $10.65... so, in the green on it already... for now, at least. I've shifted my trading in NFG to Canadian shares... twice the volume traded, in Canada vs the U.S., and a bit better behaved... Today was the second largest volume its traded... on a day that it made a clearly defined bottom... paired with a big black candle and a nice spike in accumulation along with the higher price, later in the day... Weak hands all out by now ? Very positive longer term. I've not perused the web to see what the chatter of the minions is saying... might be worth doing that now. I've been focused on accumulating Fresnillo for a while... and it also participated in the share sale today... putting in a new low at a price that it hasn't seen since last July... FNLPF at $11.31 for the ADR which seems it is 10 shares worth... or FRES.L at 805p (~US$1.13) in London... Looks like PAAS and FRES might both be at / near a bottom, too... or not quite yet? Not any big warm fuzzies in their charts... FRES is an under-performer relative to PAAS... or... its already got half the PAAS downside priced in... depending on how you look at it. If silver spikes from here... as many suggest it must if growing industrial demand is to be met with delivery of physical... both are going to move much higher... probably quickly. But, until that happens... both are trading in a suppressed pattern... FRES more suppressed than PAAS... but FRES also should benefit more from higher metals prices providing greater leverage in share prices... as it has just completed development of a new mine... with a huge debt... that it might easily pay off in less than six months with more supportive metals markets. Chart FRES using FRES.L on the 4 hour and daily charts with an eye on the accum/dist line? Hmmm. Silver producers... PAAS and FRES particularly... more impacted by Covid than people first thought... have reduced / delayed production more than expected... forcing accelerated market recognition that the supply imbalance that exists in silver... the expanding deficit in supply and the fake paper 140:1 silver price manipulation trying to mask it... are not sustainable. Strange... that the usually very well managed miners... would appear so lackadaisical about mining, just now ? The fraudulent paper trade can suppress "market" prices... but derivatives fraud can't make growing volumes of metal appear out of the ether at below market prices ? Perhaps... expect PAAS and FRES may "continue to be impacted by Covid" more than expected... and if so... the market impact should be... higher silver prices... and higher share prices as silver prices rise on unmet demand... with zero real incentive for any of them to try to ramp up new production or restore prior production more than they have already enabled... as sloth is both safer, easier, less expensive, and a better plan for maximizing shareholder value ? At some point soon... perhaps you might see shareholder lawsuits at "particular" silver companies in the U.S.... with shareholders suing management for knowingly selling / "hedging" mined product at fraudulent below market prices... and taking kickbacks for doing so. FRES appears it is still a part of a silver hedge trade with MAG... which seems it doesn't trade in London... that inflates the MAG price and suppresses Fresnillo... while Fresnillo is being accumulated in the U.S. more than in London... has a far more positive money flow in the U.S. MAG is the short term trade, just off its 52 week high... FRES the long term value... near / working on making a new 52 week low... but FRES with production multiples of MAG's 40% interest in one FRES mine... Non-linearities coming in price impacts with "higher"... as "shortage" becomes the operative word in the silver trade. The FRES chart is butt ugly... except that look is the same one it routinely puts out at bottoms... right before moving higher by 10% in widening bands. Tomorrow could be even uglier than today, if mining shares stay on sale... or could see it begin that routine 10% move higher... or start a quick move up... with up to 50% higher being greenlighted in the chart, too... Maybe just depends on what people think of the "paper" price of COMEX / LBMA silver... as the June 21 Basel III deadline approaches... and how that might matter differently in NY and London... between now and January 2022 ? Also a potential, not to be ignored, that PM's might prove to be the canary in the market's coal mine... the trade in mining stocks perhaps leading the market by a couple of days... just like oil shares did in February of 2020... PAAS and Fresnillo are the best of the "big" silver producers... in a market that doesn't really have many big silver producers... so they'll bear the brunt of price suppression... until the trade reverses... Interestingly, with only a little bit of patience required, a near inevitability that almost all paths lead to much higher silver prices from here... even without any inflation... except for the one path that leaves smoking holes where the market used to be... and black holes emitting no light... where the banks used to be... Note the relative performance of silver shares today... versus BNKD ? Seems the black hole in the PM derivatives trade... exerts an ever larger gravitational force over time... and moving gold and silver prices lower now seems it only makes the gravity stronger ? So, the rules of physics will have to be changed in 7, 6, 5... ?