Bullboard - Stock Discussion Forum K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150... see more

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TSX:KNT - Post Discussion

K92 Mining Inc > Precious Metal Shorts Gonna Get Crushed

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Post by ErinBrockovich on May 20, 2024 6:31am

Precious Metal Shorts Gonna Get Crushed

Watching silver carefully. Silver now 32 dollars. Silver futures out to September are now 32.62. I expect volatility. I am looking for a new base price between 30 and 35 dollars. Silver shorts are going to cover. Same for those attempting to short silver, gold, and copper mining stocks - cover now or get spraddled like a drunk doing the splits. All three metals are up and have reason to continue to make new highs.

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Comment by goldstd69 on May 20, 2024 10:43am

I do not understand short squeezes but silver shorts could be getting nervous in this environment?? Is 34 then 36 then 40 resistance levels?? Even if silver hangs around 30+ this will be bullish for silver miners...silver explorers will be buyout targets also....most interesting...jmho dyodd

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