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Utterly pathetic volume at this price. We are not for turning thank you.

You love to see it!

Bear markets are when the unleveraged PI has the edge over the rest. No margin calls, no covering positions to make the quarterly update look less depressing.

Gold has held up beautifully in the rout, and this is in the midst of further tightening on margin reqs, so lots of sound money in the gold space now.

See paragraph 1 as to why cash machine miners are getting caught up in all this. But the reversal will be monumental and part of me thinks the market needs to tank for miners to get the true recognition they deserve.

Wiltshire- are sovereign governments also having a flutter on gold as well? 😅😅

96 if the markets come unstuck then gold’s retrace will happen but it’ll be short lived. The resultant pivot into safe havens will be truly biblical, and no one will stand to gain more than the miners.

A lot of people speak about the leverage miners offer.

But a unique, less discussed, aspect of investing in miners is that you get full exposure to the actual physical product, but all the liquidity and storage benefits of a paper based asset.

If there does eventually become a genuine fracture and dislocation between paper and physical gold, I expect miners will go utterly ballistic as they will become THE way to trade the PMs space with all the liquidity benefits, full exposure to physical gold prices, but without the hassle of taking delivery of physical.

Combined with our company specific drivers this is a great time to be invested.

Victor,

LSE has this handy little feature where you get to see what people have posted.

You on the 1st Feb (Sunday)

10%! This hasn't even started and was inevitable retrace back it was just when?

Except it hasn’t dipped further, like you predicted, has it? You’re a busted flush mate go and find another board to pollute with your delusional twaddle.

So the absolute history making, never before seen paper smash endured for…1.5 trading sessions.

And now gold is back on the march up.

Early days I know but does it get any more bullish than that?!

Glad to see the engineered raid has been seen by the market for what it is.

The traditional arguments against China as a reserve currency host are the lack of deeply liquid markets, capital flows, democracy etc. but given the USA’s behaviour of late the dollar has lost its sheen somewhat. For now, all things being equal in this ‘normal’ situation we find ourselves in, I still think China is too opaque for the yuan to get real traction as a reserve currency.

But…and this is where things get interesting. If the dollar depreciates massively, and the yuan is backed by gold to add stability, a full monetary reset could happen. Don’t forget, China holds enough US bonds to cause absolute mayhem for the dollar, and we know they’ve been stacking like mad.

Really not a big deal. Child’s play compared to what Elon Musk and the former gaffer at Microsoft gets up to…plus he’s right on Starmer anyway🤣🤣🤣

Victor and what have you brought to the table other than the usual one liner BS and you of course being the right side of every trade?

I remember well your smart arsed theory about trading the ASX 200 inclusion and of course it came to nothing.

Hi Speedie.

What do you make of this? Is the whole paper empire unwinding? Feels to me this is the death rattle of the comex and the silly paper casino they’ve created. I assume that Shanghai would step in as the defacto exchange?

Interesting times!!

Today’s flash crash is net positive for miners.

Gold needed a test. To see if this rally was real, a proper smash and grab was needed. The crimex obliged and it was pummelled down brutally. I haven’t seen anything like it.

But buyers were found. Lots of them. It flashed in the $5100s and hit $5300 in short order. The correction proved the legitimacy of the rally. The house of cards has not fallen down. In the white heat of a bear raid the best that could be mustered was around 30 minutes of panic before buyers set in, at well north of 5100 dollars, wow.

Signal confirmed, I think Wall Street might finally be convinced that the gold trade is well and truly on. And mining is where value (and leverage) is greatest. Let’s see how this pans out but I suspect capital inflows could be epic.

Gold has passed the test. Now it’s the age of the miners.

Gold roaring back. This is as bullish as it gets.

Just took a look at Genesis minerals update vs GGP.

If the market had any sense we would be going way, way past them.

This is being worked like a charm to keep it down because some big players are recognising operational excellence when they see it but don’t want to excite the SP too much.

Well they’ve got til March to do it, before GDX and WDU rockets launch, wouldn’t you just love an RNS to drop early and catch the market out!

Feels like it’s in distress at the moment. 10 days delivery. Most out of coins and only have a few larger bars.

So yes paper gold is flying, but physical is literally n/t right now. Eventually a premium will be attached to those producing the assets.

After the bell.

Wall of buying all afternoon.

Major investment bank upgrades gold forecast (now they’re long) and then downgrades gold producer in tier1 jurisdiction shooting the lights out in a now massively undervalued sector.

Couldn’t possibly be looking for some cheap exposure to a sector that’s about to go ballistic. Ah yes, nothing untoward there at all.

The corruption of these soulless vipers never ceases to amaze.

MacquarieMk2

Payday so picked up a few more on the bell.

The gold price is compressing the value like a coiled spring.

As I’ve said before there’s a fair bit of ‘hot money’ swirling around the miners, none of which knows much about the sector. Just a bunch of quants and algos following one another’s signals. It’s why the price action doesn’t seem to match reality, and why all sector participants are tarred with the same brush.

But it’s clear as day the big gains have been for those who’ve simply bought and hold. And when the signal changes, these quants and algos will be chasing miners up to the sky.

Impressive AISC

Those grades out the WDU 🤩