The problem is the raising was done when silver was around US$60 and breaking out. Placed a massive hold on the movement. Now we have to churn albeit at prices +30% raising.
Meanwhile silver is at all time highs. US$94.50 today. A ridiculous +US$30 in a weeks.
The problem - We have yet to catch up in any meaningful way BUT if a correction in silver does come? Well we won’t go up!
The hope is silver keeps grinding upwards and eventually BML just doubles plus in a few sessions.
My silver targets and hence BML targets are miles above current. The short term is annoying, but we can’t be 50-60 cents in 12 months or more if everything goes reasonably well.
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