Bullboard - Stock Discussion Forum Discovery Silver Corp T.DSV

Alternate Symbol(s): DSVSF

Metals & Mining Silver

Discovery Silver Corp. is a precious metals company engaged in the acquisition, development and operation of assets. The Company’s flagship asset is its 100%-owned Cordero project, an undeveloped silver deposit, which is located close to infrastructure in a mining belt in Chihuahua State, Mexico. The key targets being evaluated include La Perla (10 kilometers (km) south of Cordero), Dos Mil... see more

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Discovery Silver Corp > Expected Pullback

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Post by cbew on Nov 11, 2024 1:42pm

Expected Pullback

Relax guys. The PMs are not going to collapse. This is an expected pullback imho as the PMs have gone up Bigly this year so far. This is healthy for the market and I suspect the downside in Ag will be right around here at the $30/oz level. This level has been huge resistance for the past 5 years and we have broken this level decisively this year with a run up to $35/oz so it was due for a pullback. Profit taking is taking place now but I suspect a near term bottom is close.

Remember Trumps tarriff policies will be hugely inflationary but for him to accomplish his goals to get the economy going he will put enormous pressure on the FED to keep interest rates LOW. This is going to be a huge tailwind for the PM sector going forward - high inflation combined with lower interest rates. The PM sector has usually bottomed here in Nov or early Dec in recent years and I suspect it will follow this pattern again this year. Then it goes on a huge run right into the early spring. 2025 may be an outsized year and we may see a huge run to $50/oz in Ag once it breaks decisively over $35/oz next year IMHO. Money will start flowing into the PM space in spades when that happens. Just my thoughts.

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