Member Info for bonker99

I suspect it's got to come back to $1,760 mate but then that's likely to be the low.

Cracking buying chaps ;)

If you're wondering why when the CPI is off half a per cent it's because they've thrown +1.5bps at it and it's barely touched it.

Moreover, as the Fed are said to concentrate on the Core number re rates, that is significantly down which implies that the Fed will at least pause in September (ahead of mid-terms - go figure ...) which also means that inflation is likely to have free reign to keep going sideways at c8% and that's an awful lot of compounding inflation over the longer-term which is what they really want of course.

Number must go up.

Massive Gold spike > $1,800

CPI 0.0% M/M, Exp. 0.2%
CPI 8.5% Y/Y, Exp. 8.7%

CPI Core 0.3% M/M, Exp. 0.5%
CPI Core 5.9% Y/Y, Exp. 6.1%

Nice move today.

It really would - especially when you're cutting-off at 3.38 g/t which is 2x as high as most people profitably mine from ;)

Tough read innit - those ounces at those grades really should be throwing off at least a billion quid in fcf for a 20x bagger from here but can they get it out for $1k per oz?

Should be real easy at 7 g/t you'd think ...

Ah - I ignored the Inferred ;)

At least one of us can't read/do math :)

It's now 1.65m oz from the 2019 MRE of 2m oz with a slightly reduced grade

$3b of Gold for $70m

More than priced in already I'd suggest.

1.65 million ounces of gold at 7.4 grams per tonne - if this mob ever get it right then this is going to multibag at some point.

Morning.

Anyone managing to cut costs in this environment deserves a pat on the back - take a look at ATYM's update this morning, their Copper AISC is up a third in just one quarter due to energy costs.

AISC up a third in just one quarter - ouch.

CPI tomorrow lunchtime chaps.

Love this:

https://twitter.com/bonker_99/status/1557078685576040448?s=20

That's a big un.

China are out shopping for ESG commods right now apparently ...

*US 2Q Unit Labor Costs +10.8%; Consensus +9.5%

*US 2Q Non-Farm Productivity -4.6%; Consensus -5.0%

Labour costs up.

Productivity down.

Must..have..inflation..

I expect it to go well along with most other goldies as gold continues to strengthen.

Well here's the volume increase I referred to a little while back - even nabbed a few more myself.

Fat finger marathon is it?

Sounds like you need to get yourself an ad blocker :)

If you think you can get lower than the current SP then GL but I don't think it'll happen anytime soon unless Gold magically collapses.

Oversold on the daily and the weekly now - every tenth of a penny they try and knock off will be met with buys from this position IMO - some chunky ones already these past few days and I'm not surprised - you may note the trendline going back to 2016 that she's sat on @ 7s.

I think you only get lower here on a duff Q3 update in October and/or a weak Gold price but time will tell.

Agree with you on the fair/good price/company but there are extremes where the price is so low that on a risk/reward basic it becomes kinda ridiculous to not to start chipping in.