TSXV:AUN.H - Post by User
Comment by
NinetyFourOctanon Jun 23, 2022 10:13am
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Post# 34776820
RE:Aurcana
RE:Aurcana The current price for silver is insanely undervalued when compared to itself and virutally all other commodities (Gold, Copper, Platinum, etc...). Few silver investors seem to appreciate that and write it off as manipulation of the silver price. That might be true, but as we saw in 2021 you can only force down the price for so long before someone "snaps the rubber band" much like what happend in 2008 when the financial crisis blew up. We are now is a similar but much tighter situation than what we were in in 2021. Whoever Aurcana is currently negotiating with knows that. Anybody thinking of selling (or worse shorting) Aurcana at the current price ($8.5c/sh) is going to have some major regrets in my opinion.
I strongly encourage you to read Peter Krauth's new book, he is forecasting $300/oz silver and while that may sound silly to most (me included), even if we were to land at $50/oz as we go down the path of major economic recession that's still more than double where we are at now.
The Fed is clearly panicking with talk about a potential 1 full percent increase in interest rates coming. Sadly this is going to do little to slow down demand as we all know the only way out of this mess is to lower energy prices before this becomes a self-fullfilling prophesy.