Australia's largest stock trading and investment forum Australia's #1 stock forum

MMA

Click for more information

6.67%

28.0¢ maronan metals limited

Ann: Very Positive Preliminary Metallurgical Test Work on Maronan, page-15

First 15 Last

Share
Profile

Follow
Kipper01

7,735 Posts.

591

18/04/24

11:34

Post #: 73404476
Share

Originally posted by PhillW ↑

I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.

So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.

Expand

Indeed ... though with the noticeable differences on this occasion that the base lift-off point is much higher/and closer to the $30 point looking to be breached ... and the consolidation and build up just beneath the line to be breached is longer in time ... and should be very energetic on the north side once the barrier is defeated .... adding to your proposal above

Of course, this could be days, weeks or months away ...

Last edited by Kipper01: 18/04/24

MMA Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 15 Last

Add MMA (ASX) to my watchlist

(20min delay)
Last 28.0¢		Change -0.020(6.67%)		Mkt cap ! $52.21M

Open	High	Low	Value	Volume
30.0¢	30.0¢	28.0¢	$76.67K	270.6K

Buyers (Bids)

No.	Vol.	Price($)
2	25000	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	12442	1

View Market Depth

No.	Vol.	Price($)
2	25000	0.275
2	40737	0.270
1	3700	0.265
3	71960	0.260
4	30173	0.255

Price($)	Vol.	No.
0.280	12442	1
0.285	30441	1
0.290	8765	1
0.295	8788	1
0.300	36224	1

Last trade - 12.08pm 24/05/2024 (20 minute delay)


Last 28.0¢			Change -0.020 ( 8.20 %)
Open	High		Low	Volume
29.0¢	29.0¢		28.0¢	31245
Last updated 12.48pm 24/05/2024 ?

MMA (ASX) Chart