Member Info for Agentmarino

Can anyone make some sense of why it clawed back up to 120 just to go straight back down? Gold's up today?

Wow... still a bit shell shocked from this morning. Tt was hard to believe the reaction we saw given the results but evidently the fact we were on the lower end of guidance was disappointing. With that said, any new entrants to PAF or people with smaller positions have a fantastic price to buy in at. I'm cautiously optimistic that gold prices at least in the short term (with some form of legitimate peace deal) make a bound up and pull us out from this low. However, I would also issue a small word of warning. My personal take on gold prices is slightly less optimistic mid term, given its become fairly crowded, interest rates are unlikely to be cut and even (as we saw in Turkey's case) countries having to sell their gold in response to inflationary pressures. This is not to say that I am not still a believer in gold, but more a realistic acknowledgment that the picture for gold for the second half of 2027 and going in to 2028 will be somewhat uncertain. With that said, the current market conditions are such that it is possible we see gold retrace to $3000 and its equally possible we see it burst to $6000 - I wish it was simpler, but its just not. Curious to hear what the rest are thinking!

Thought I would weigh in on this conversation. As everyone has rightly said ofcourse PAF and the other goldminers have faced the massive headwind of the Iran situation, oil prices and the dollar's effect on gold prices. As I mentioned in a previous post, I am of the opinion that at the moment we are almost entirely at the mercy of the ETF ownership in PAF which sells through the panic, despite the obvious light at the end of the tunnel. These ETF's are a good thing and a bad thing because it means when times are good, they're great... but when times aren't so good then we experience a little bit more turbulence than we otherwise would. The bottom line is that PAF's fundamental ownership is unshaken. Anyone who has watched this stock for longer than a few months knows what it can and should do, especially after we get another (hopefully as positive as the last) earnings call in August (AU-gust? must be a sign...). Despite PAF's structural soundness as a company, unfortunately unless we get gold rallying like crazy again or until the earnings call happens, there just won't be anything to push this beauty infront of investors and bring in the money that should be here. Hopefully I haven't just said a whole lot of nothing. I've been adding in the >135p range through all of this, >140 is also not ridiculous!

Well, for the first time in probably 2 months something that came out of DJT's mouth is actually helping us! Gold absolutely loving this... wonder if it'll clear 5k again cleanly or whether it shimmys its way up over the next few days (assuming the strait remains open)

Curious to hear what everyone’s opinions are regarding price going into this new week. Gold appears to be much more resilient and stable in reaction to big news in any direction. Conflict news appears to be slowing and causing lesser impact on markets generally. Curious to hear what everyone’s stance is. Is this temporary? Or are we seeing a precursor to normality again in the markets. I’m currently undecided

Personally, I think this all depends on your own strategy and how actively you are willing to invest. If you were to leave your position as is and absorb the hits in the short term, in anticipation of the long-term gains that most of us foresee, that would be perfectly reasonable. I do think, however, that given all of the volatility in gold and consequently PAF (caused by the mining ETFs I mentioned in a previous post), there is definitely opportunity to dip in and out of positions. Personally, I sold about 20% of mine yesterday off the back of the ceasefire rally, purely because any ceasefire with the Israelis involved is over before it begins. I will be looking to buy that 20% back, and maybe even a little more, if we see further falls over the next two weeks... Let's see

Low and behold, power plant and bridge day never came... shame that DJT couldn't finally after all these weeks show us who the big boss TRULY was. Absolute clown. Nice to see gold inching its way back up. I think currently the main thing holding back the PAF share price is not fundamental investors, like everyone in this chat, but more so the mining ETF's which are getting bought and sold en mass depending on the news. Happy about the current price but wouldn't be surprised if it regresses a little more before we return and exceed previous highs. Looking forward to August earnings. Enjoy the nice weather everyone

MIKODX. Personally, would highly recommend 212. There user interface is great, super low fees, you can have a spending card linked to your account. Certainly one of the better options going for individual investors.

Might be wrong, but I think this is an issue with your broker, not PAF. I was paid on the dividend day promptly, as a Trading 212 user. From what I've read on here it seems to mostly be a problem with Halifax ISAs. Probably just an error they had with processing rather than hiccups from PAF.

Personally, I think yesterday's selling was utterly dramatic which is a good thing and a bad thing. The specific disaster that happened with precious metals was an unfortunate mix of both FOMC rate holding and also the israelis deciding to kick off more oil facility bombing back and forth that night. That was the bad thing, the good thing is that the calamity was so extreme yesterday that MR T was forced to turn around and tell the israelis to reign it in. In my opinion, we should see the situation cool from here but who knows!

Well it started off badly yesterday evening with the fed making their hold stance clear and emphasising the need to tackle inflation, then it was significantly worsened overnight when the Israelis decided to bomb Iranian oil facilities which was met with even more bombing of oil facilities from iran in Qatar. Sent oil crazy, sent the dollar crazy, murdered the precious metals team

Worth noting that volume is lower than average and, as you highlighted Mike, the way it traded in January puts things into perspective now. Especially given, at that time, production was significantly lower than what they’re targeting for this year. Margins have Esther improved or stayed the same, production has/will increase…