In your journey of appreciation of metals, like other market, you will here lot of noise. Deduct your own strategy based on your intuitions.
That was THE reason, I didn't listen to ALF FIELD, and predicted last correction.
The upward moves in metals were short covering and specially in silver.
The smart money already were transferred from share / bond and real estate in metal long back.
They never buy when small investor like us get attracted, and it is still time for sheeps to enter.
Silver still has made some nice gains in the last month or so despite the recent plunge that past few days. I see that as a good sign for another surge pretty soon as fear and desperation will continue with the stock Market.
The pleasure is mine, d-lod. I enjoy your succinct observations, and the clarity with which you convey them.
I also seem to be on a similar 'wavelength' as you in regards to what I see unfolding in the PM arena. I believe the gauntlet has been thrown and we are in a period which will eventually lead us to nominal 'highs' in gold, and silver, although perhaps at the expense of much general economic good fortune.
In the short term I believe we are in a battle to establish the depth of the current corrective wave. How deep or shallow it finishes off at will shed some light on the power of the next up move.
Some good talking points when discussing the "New Green Deal" with renewable hawks. If You Want ‘Renewable Energy,’ Get Ready to Dig Building one wind turbine requires 900 tons of steel, 2,500 tons of concrete and 45 tons of plastic.
Mark P. Mills
Aug. 5, 2019 6:48 pm ET
Wind turbines in Palm Springs, Calif., July 13, 2017. PHOTO: PAUL BUCK/EUROPEAN PRESSPHOTO AGENCY
Democrats dream of powering society entirely with wind and solar farms combined with massive batteries. Realizing this dream would require the biggest expansion in mining the world has seen and would produce huge quantities of waste.
“Renewable energy” is a misnomer. Wind and solar machines and batteries are built from nonrenewable materials. And they wear out. Old equipment must be decommissioned, generating millions of tons of waste. The International Renewable Energy Agency calculates that solar goals for 2050 consistent with the Paris Accords will result in old-panel disposal constituting more than double the tonnage of all today’s global plastic waste. Consider some other sobering numbers:
A single electric-car battery weighs about 1,000 pounds. Fabricating one requires digging up, moving and processing more than 500,000 pounds of raw materials somewhere on the planet. The alternative? Use gasoline and extract one-tenth as much total tonnage to deliver the same number of vehicle-miles over the battery’s seven-year life.
When electricity comes from wind or solar machines, every unit of energy produced, or mile traveled, requires far more materials and land than fossil fuels. That physical reality is literally visible: A wind or solar farm stretching to the horizon can be replaced by a handful of gas-fired turbines, each no bigger than a tractor-trailer.
Building one wind turbine requires 900 tons of steel, 2,500 tons of concrete and 45 tons of nonrecyclable plastic. Solar power requires even more cement, steel and glass—not to mention other metals. Global silver and indium mining will jump 250% and 1,200% respectively over the next couple of decades to provide the materials necessary to build the number of solar panels, the International Energy Agency forecasts. World demand for rare-earth elements—which aren’t rare but are rarely mined in America—will rise 300% to 1,000% by 2050 to meet the Paris green goals. If electric vehicles replace conventional cars, demand for cobalt and lithium, will rise more than 20-fold. That doesn’t count batteries to back up wind and solar grids.
Last year a Dutch government-sponsored study concluded that the Netherlands’ green ambitions alone would consume a major share of global minerals. “Exponential growth in [global] renewable energy production capacity is not possible with present-day technologies and annual metal production,” it concluded.