TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Aug 30, 2024 8:05am
Factors To Consider For Q3 and Q4 GSVR
- peso weakness, now at 19.65ish. GSVR mines silver and gold in Mexico. So, labour costs go down significantly as the currency weakens.
- FED rate cuts will drive silver and gold up. First cut is in Sept. Two more cuts likely this year.
- silver is in deficit. Demand from India and China keep prices high. Shanghai offers a 10 percent premium which means the metal wiill flow east. This is both from an investment and industrial demand perspective.
- geographical tensions remain high. Numerous flash points - Ukraine, Middle East
- G silver intends to ramp up production further. Also, various plant improvements are expected to come online
- silver and gold will continue to make new highs. There are many reason for this. Moves will be sudden. And unpredictable
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