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Wednesday, 08/14/2019 10:02:54 PM

Wednesday, August 14, 2019 10:02:54 PM

Post# of 35698
silver and gold vs silver and gold miners

This week, silver and gold miners have detached from silver and gold.

With the increased volatility and worry, investors are supporting the metal prices but are giving mining stocks less respect.

If metal prices continue to climb, mining stocks should resume their climb because miners are already going to report much better financial results for Q3 due to the big jumps in metal prices so far.

Average prices for gold sold I have seen in financials have been around US$1320. Current gold prices are over US$1531 or +$200.

For a 100K producer, $200/ounce quarterly increase in gold price received will add $5 million to the top and bottom line results.

Silver prices received were US$14.80 vs current prices of US$17.32. The difference of $1.52 times ounces produced could add US~$4.5million to big silver producer First Majestic top line if Q3 averages 17.32.


Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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