CCU 0.00% 5.8¢ cobar consolidated resources limited

half year, page-6

  1. 290 Posts.
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    I think that's right to a certain extent, but as we seen over the past few weeks, demand of physical metal is up yet the price has dropped.
    As soon as the metal de-couples from the paper price, it won't matter what the dollar does.
    Also the recovery in America is smoke and mirrors, with stat being manipulated to show false recovery.

    So I feel the price will go down to begin with for silver and miners, but will ultimately take off once all the hocus pocus is seen through.
    The dollar will appreciate only cause of its reserve status and a safe haven currency status, but once this starts to crumble the will be a massive rise in the price of metals in dollars, as we will see in the coming months in euro,pound and yen.

    You can't print silver or gold.
 
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