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Yes very nice volume today....., Got 73k more shares this morning and might add more if we go lower
Yup - I've just attempted to explain it in words but pictures are obviously much better - I'll tweet it when I get around to it.
Wow - those really are big delayed trades.
I penciled in three weeks for the sideways here but they can gun this to upper 20s anytime they like IMO.
@bonker I also suspect as the non-transitory Inflation narrative starts to be accepted more widely HNW and more institutions will be wanted to hold less bonds and a larger allocate to PMs especially gold. I also suspect that with the advent of BTC ETFs some of that PM allocation will be cannibalised by BTC. None-the-less CBs cannot afford for interest rates to rise so real interest rates will remain deeply negative. The question is after all this money printing what will be the catalyst for POG to properly break this downtrend and do what we all know it should be doing?
Then the only question will be how high and how fast?
ATB APR
Feel free to point them out to me if you find them but I need a fairly recent PFS/DFS to do the math.
A couple of points before I forget to mention them:
Re the 38p valuation on the Dugbe DFS in Q2 2022 I mentioned - let's pencil in £10m cash sitting on the b/s by then to give us that 40p target she came down from back in the day.
Also, I modeled Gold last night using ellipses and, if I'm right of course, it gave some possibly really useful insight into how Gold *may* move over the next year.
The long and short of it was that while they may drift her in the coming period to c$1,760, they may just as equally move her back to $1,900 in November.
Higher lows as you would expect from there but then lift-off kicks in during Summer 2022, possibly setting a slightly new high around $2.1k but then The Big one, with a sharp move back down to $1,900 then around October/November 2022, a violent and sustained move upwards to my intermediate target of c$2,400 - an exact replication in speed/height as the violent +$600 move from $1,400s to $2k in fact.
It is not lost on me that the November 2022 timeline may well revolve around the US mid-terms where the Democrats are surely going to get thumped with the Republicans taking control of the House.
Put the case that you're then in a scenario where the Republicans flatly refuse to raise the debt limit and, perhaps, that's when it all kicks off.
Just a view but let's see how that goes.
The 10-year is continuing to drift downwards as I type, 6pts off this last week.
FYI, the US is currently paying 2.5x more interest on new 10-year debt as it was this time last year - that simply cannot persist ...
The most shoking part is what you get for a £69M Market Capitalisaion.... I have other company who are cheap but don't think they're as cheap as HUM. If you do, please let me know
Added 14 shares and 59k shares this morning alone, It too good in my view so I'm not waiting any longer.
The 500k/£90k buys keep coming but if you insist on offering people £10 notes at £9.95 then they're going to keep buying ...
Evening.
"They're increasing in frequency and decreasing in duration and effectiveness"
Yup.
Gold used to get smashed a $100 at a time - they managed a temporary intraday spike down to $1,781 - I called it earlier to hold $1,794 - the price as I type is ... $1,795 and rising ...
That's where the paper meets the metal, as I like to say, and it's getting higher each time.
Gold actually broke out of enormous triangulation suggesting a return to the prior $2k highs on Monday - hardly surprising given Jay Powell ruled out an interest rate rise the other day and bond yields are looking floppy to the downside - just how much negative real yield is big money willing to take on at this point?
My view - none - The Fed are deploying YCC to suppress bond yields, i.e. the US effectively buying their own debt as confidence in the Dollar and the forward-read on GDP starts to fall to pieces - as it is - to ensure that the ballooning debt (still WAY more debt to come over the coming 3-5 years ...) interest payments stay somewhat manageable.
"Manageable" being subjective of course - if the US was a private citizen they would already have been declared bankrupt.
Agree about Silver re Green Energy BTW - still think it could do worse than gold in the short-term because of that very reason however - be it temporary again.
I still suspect that Gold could get taken down to $1,760 in the coming period but then we're really going to find out what time it is but it's just as likely to see $1,900 or so too before it really blows up in the coming months/quarters.
Entertaining to watch the fake sells here at 17.6p as Gold dropped this afternoon - looking for dumb PI money to sell out at less than the 18.2p cash value as always - no cigar though and met with a full-ask buy at 18.50p followed by a whopping (the second biggest I've seen here - remember the 1m buy at 16.3p a few weeks ago?) and hidden/delayed 500k buy at 17.9p.
I suspect the cupboard is bare now of available shares in decent size but am of course still biding my time should they manage to temporarily drop the SP by half a penny or so over the coming weeks courtesy of my FRES profits.
Onwards and sidewards.
They're increasing in frequency and decreasing in duration and effectiveness. Maybe back over 1800 by start of play tomorrow?