for the chartists, page-37

In fairness to the Chartists ( I am an FA man myself ) I don't think anyone could see this coming , including FA users , those relying on research , PM bulls or bears
Simply one of those disclosures that removes al things that are assumed to be known and raises 50 questions instead

What will costs be
What will production be and will they have to buy silver on market to deliver into the hedge.
What does the grade variability mean on future production profile and cost profile
How much will grade variability impact reserves
Etc etc etc

So in my view - I think almost every comment based on FA is based on guesswork because what was assumed is no longer , similarly TA accuracy will be impacted by FA . If things get worse I assure you support won't hold and if FA improved , then the price will follow up . The SP over the next few days will be driven speculators , those averaging down , those selling out and those buying for a short term or long term bounce