Post by
TheCardinal on Aug 11, 2023 10:46pm
"Something" lit a fire under....
..... all the cheap silver producers today, even as silver
itself wasn't going anywhere. Very unusual, but lends
credence to the adage, 'The miners move first...' and
August often marks a major low for both gold and
silver, as it did in 2018.
Hecla..... First Maj... even left-for-dead Coeur... they
all had out-sized moves.
Comment by
mattbigham on Aug 12, 2023 3:00am
The miners have been slaughtered over four weeks of trading. They're a lot cheaper today than they were at the end of June. The move up from last July has now been cut in half. As mere investors let's hope the bankers and brokers have now had their fill of cheap shares and their brethren at Comex have their fill of contracts at a steep discount.