Westhaven Gold Corp. V.WHN

Watching gold and silver prices

[trader53]

 Based on the latest financials WHN will be looking to raise money by October 2022 unless they slow down their exploration and drilling program. Silver has just broke below a major support at $18.00 and gold is quickly moving towards a very important support at $1680. Should that level break I am afraid we could be trading between $1400 and $1500 quite quickly. If this happens these junior golds will get slammed and will trade at even more extremely irrational levels. Raising capital will become almost impossible. My take is to keep some dry powder to take advantage of the next leg down if indeed this happens. Its so frustrating but remember the market can stay irrational much longer than anyone would think possible. GLTA

[Crashcomingsoon]

It's really amazing to see the ultimate inflation hedge get pounded when inflation is running at 8% and the cost of food, energy, and rents keep moving higher.  Something's goiing to break.  Europe is in dire straits with people now refusing to pay their energy bills.  And China is also in bad shape with their RE bubble bursting and people refusing to pay their mortgages

[Crashcomingsoon]

I've noticed that a number of analysts are very negative on gold and silver.  I think we are close to a turning point in the PMs.  Just wait till something really big breaks and see how the CBs respond.

[Crashcomingsoon]

We need more negative analysts like these to turn gold around.  Watch Europe and China for weak links.  Be prepared in case gold does break down. My Comment: Actually an equities selloff should be a positive for gold due to its safe haven status.  Also, note the ever increasing amount of debt (see below) Don't rule out a long weekend gold price surprise – analysts | Kitco News