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Who in the hell can afford $60k for solar panels which will take 25yrs to break even whilst their mortgage payments are doubling and the owners are looking at foreclosure. Sure there are vids showing demand but reality speaks more. Bear flag in the works and death cross is what I see. Dr. Copper sees the slowdown also but the Twitter bugs tweeting to the moon as always.
Solar, while a major contributor for silver demand, has never determined price. We have had major bull and bear price moves in silver regardless of the steady increase of use of solar panels over the last two decades.
This chart looks bad .
Wonder how many mines will be affected by possible diesel shortages. A possible shortage of DEF in the Fall will only compound this problem.
On the other hand the collapse of fiat currencies could come abruptly. What asset do people flee to?
One needs to park their “cash”. Hard assets, things, and even any non-perishable asset that can be traded in the future because it would hold value. Even toilet paper would have value compared to a decline currency.
cheap Mexican rental units is my answer. Mexico is joining the BRIC alliance, Europeans travel heavy to Mexico, 70% of Mexican homes have ZERO mortgage,they can weather lots. Vehicle not required as bus system is AMAZING. Food galore. Think of it this way, the average Mexican makes $25/day. Up here it is $300/day. One unit rented for 30 bucks a nite covers your living. Taxes on a property for the year , $50 bucks. You can form a corporation which owns the complex and sell units via shares which makes ownership easier and transferable. To buy a second home in Canada and rent it out does not pencil. Even if you did turn a dime, the tax man awaits to get his cut. Looks horrible down there. lol
https://duckduckgo.com/?q=vallarta+plus&iax=images&ia=images
“Even toilet paper would have value compared to a decline currency.” Very profound. The currency can always be used as tp.
AXU has been cut in half today. Anyone worried about bankruptcy?
They have no debt so bankruptcy is unlikely. The concern is perpetual share dilution.
For Nautilus:
I don’t own AXU, but it has been interesting to watch them flounder.
They continue to lose money at an alarming rate and have been burning through cash their reserves.
Obviously, something is not working with their business plan.
Agree, chart looks ominous, but COT doesn’t agree. It’s the miost bullish in 3 years
I cannot see any thing usefully when I chart the data. maybe you can but it all looks like mumble jumble,
https://www.tradingview.com/x/KsNoZ3j7/
gold ,I can see something perhaps.
https://www.tradingview.com/x/o6A9Ij66/