Member Info for bonker99

Evening.

Interesting about the Chinese and, yes, you could argue that could play into our hands somehow given HUM have such a good relationship with the locals.

You are funny :)

Find me another gold miner with millions of ounces of gold across multiple jurisdictions for less than $25 per ounce and I'll buy it next week.

Merry Xmas everyone :)

GDP has been going sideways, in real-terms, since 2008 mate - we've never recovered.

We're in a real-deal depression in real terms these past couple of years - only 15-20% inflation is hiding it.

Got Gold?

You've got six months, tops, to get exposed to it however you choose IMO.

Re discretionary - indeed, I don't know how the masses are going to be able to afford new iPhones next year, Amazon not taking Visa credit cards from mid-January too.

End of EoY tax loss season - Dec/April - obviously the mega inflation (PPIs in Europe typically between 20%-30% now which will fuel 2022's inflation) is only going to boost everything denominated in Dollars and we know they need big inflation to persist for a long time to come so, in short, number goes up from here for the very forseeable.

Stay away from discretionary spend in/past Q1 IMO.

Timely :)

https://www.wsj.com/articles/surging-fertilizer-costs-push-farmers-to-shift-planting-plans-raise-prices-11639580768

That one sucks for sure - hit my next level down at 10p though so who knows from here, obviously could do a lot worse if it can't beat mid-teens.

Back in PUR at my 40p shout for another go btw.

Fertiliser plays picking up some talk on FinTwit re HMI.

HMI - someone likes that a lot.

Morning.

Been waiting for c0.12p here for a good while now.

I'm interested.

Morning.

I'm enjoying the ad hominem attacks - I note these guys never talk about the actual assets and the value on offer here - there'll be a reason for that of course.

The reality is that HUM have transformed themselves from a single project miner to a three projects miner in different jurisdictions with up to 5m oz of Gold (net c3.5m to HUM) and in the process have come to the market for cash during that time relatively infrequently compared to many others, most of those others never actually achieving anything with that cash of course.

SP is something else entirely as we all know - driven down by tax loss plays until that play is over in a few days/months time then the SP magically starts behaving completely differently, you can see this all over the sector.

Do your worst chaps, there's plenty of dry powder awaiting any further weakness you can generate in the SP ahead of the Dugbe DFS.

https://www.bloomberg.com/news/articles/2021-07-27/bhp-agrees-to-buy-canadian-nickel-miner-trumping-forrest

Nickel HIGHLY desirable going forward ...

Hey.

Yes, it's nothing but fraud & theft.

Ultimately, it's how they screw you over via your state pension too - that'll go up by c5% this year if it tracks the CPI but the reality is that you're already 10% down vs real world prices/inflation.

Run that tape forward for a decade and you see why the state pension, and anything else measured as cash is absolute toast.

Hence Basel 3 to put the only non-ponzi instrument out there (Gold) as cash on the balance sheet when they blow it up from next year and for many years to come.

US CORE PCE PRICES FINAL ACTUAL 4.6% (FORECAST 4.5%, PREVIOUS 4.5%)

Q3 GDP 2nd revision: 2.3%, Exp. 2.1%

Chicago Fed: Nov National Activity Index +0.37 Vs Oct +0.75

France PPI: +17.4% YoY (all-time high)
+3.5% MoM (all-time high)

IMF Lowers Spain's 2021 GDP Forecast To 4.6% (prev 5.7%)
- Lowers 2022 GDP Forecast To 5.8% (prev 6.4%)

FWIW - I've penciled in 32p.

They are unbelievably negative and Spain just posted a +33% PPI number, 20%+ for most other countries so far so that's the forward read for 2022 inflation ...

The big money has to cycle out of the regular markets into this space which takes a long time to do but they'll let Gold go once they're net long as per.

We all know where Gold is going, there's no doubt about it, last time we had inflation like this (c14-20% in the real world, i.e. c3x the BS CPI number) in the 1970s they 20x bagged gold to 1980.

I modeled the Gold chart a good while back and that implied to me that H2 2022 was the likely go timing - quite possibly around the US mid-terms in November funnily enough which is when I expect the Dems to be slaughtered and to lose both the House & Congress. Perhaps the inability to raise the debt ceiling via the Republicans will pour nitro on Gold but that's how I see it, regardless the BBBRRR is never going to stop - $150 trillion of BBBRRR planned globally for this decade ...

Find your favourite gold miners, feed your money in over the next 3-6 months, regardless of current price, and just sit on your hands IMO.

Well the inflation isn't going anywhere - the inevitable GDP downturn will be boosted by the usual BS CPI number they use but it's very obviously heavily net negative against real-world inflation.

Producers everywhere reporting 20-33% inflation on their costs vs c6% CPI - you really think those guys are going to be taking a 25% haircut on sell-on prices? That's most producers entire margin gone, and then some so it's either a mega depression or massive inflation for the forseeable but they can't allow an official depression, or even a recession, because that's the debt ballgame.

Numbers must go up, period, there's no other way this works.

Morning.

FWIW, I've pencilled in c$2.4k for Gold in around 12 months time, lift-off in Q3 IMO.

Spain Producer Price Index (PPI) YoY 33.1%