Member Info for bonker99

I did warn at 40s back in the day ...

"Glad" to see my 1.5p shout hit today - perhaps a bit of relief for some is in the offing now?

GLA

Quite :)

Oh well, will have to settle for $70/lb and still rising then ;)

JUST IN - Russia has stopped Uranium exports to the United States

The 10-year is at 4.65% mate - they cannot afford it - worst case is they push everything sideways for nine months IMO but something will have to change dramatically by next Summer - pre-election it most likely will of course but y9ou could have 7% unemployment by then.

Buckle up:

US 2Q GDP PRICE INDEX RISES AT A 1.7% ANNUAL RATE; EST. 2.0%

Having to buy back all those shares at the price you just sold them at must hurt - keep trying chap(s).

Quite.

I've got the same/similar muppet on FRES spewing asymmetric BS ...

It's time chaps.

Equally amazing how many pros think they can talk PIs out of their shares with BS statements about dilution but it's a living I guess - go ahead and print some new "sells" chaps ...

[clown emoji]

It's all about Q1 now - not far away - dry powder awaits ...

Morning.

Yup, more clown comments on here - ramping up a mine in the days/weeks some on here seem to expect is just nonsense - I said Q4 from the off and they're still saying Q4 now so there you go.

c200oz pa from January and c100oz pa right now - go ahead and dump the SP pulleezz ...

Nice to see the extra funding from the bank for the underground initiative - I think it's more than reasonable for capex costs to have increased from original projections given the inflation we've had these past few years and I'll take all the paper anyone can borrow to me to go dig up something real with it instead ...

Again, go ahead and sell up chaps - 2024 is going to be spectacular here.

There's $93 then - a week or two ahead of my schedule from a few weeks ago.

You're applying reasoning and phrasing that I don't subscribe to myself mate but whatever makes you happy.

High comedy here - Bloomberg trying to blame "Chinese goldbugs" for the Gold price ...

https://www.bnnbloomberg.ca/chinese-gold-bugs-lift-price-premium-over-world-market-to-record-level-1.1976785

The US did default in the 1970s - the only decade that's relevant right now - little wonder you omitted that from your list of decades as Gold 20x bagged by 1981 with rates sky-high.

The Dollar also died from 2007-2011, almost halving vs the Yen, whilst Gold tripled in price.

There'll be a slam right at the last minute, before the broader market wheels come off, as there always is but there's no doubt about the longer term trajectory.

Remember the Yen ...

Silver closed in Shanghai @ $25.4 BTW.

Won't be long.

Cos it's all about the debt stupid ...

"Half of the US debt - a staggering $33 trillion - matures over the next 2-3 years so they can't have rates anywhere near where they are right now."

EVERYONE knows this - what you're seeing right now is the music slowing down but it's going to stop and, again, everyone knows this but not before the bankers created Basel III in 2017 to make physical Gold = cash on their balance sheets.

PMs & miners will move when the usual suspects have fully jumped ship and not before but they're bottoming right now IMO.

The US treasury just announced it's going to intervene in the bond market with buybacks of its own debt (with "money" from you-know-who BBBRRR cos it sure as sht ain't coming from plummeting tax receipts) - the US/West is eating itself before our very eyes. The last time they did this was around Y2K, you may recall that as the time when Gordon Brown sold our gold at $300 only to see it 6x within a decade - nice work if you can get an offshore cut of that action ...

There are terrible financial consequences for those who get this wrong over the next 2-3 years - compound interest is undefeated in ending empires throughout all human history.

The 10-year is at 4.5% and climbing, there is, at a bare minimum, another $100T of BBBRRR to come over the next five or so years to reset the debt ponzi via inflation.

Keep stacking.

PMs don't need the Fed to pivot - far from it ......

10-year tapping 4.5%, S&P on its harris - it's coming ...