RE: Looks like another short term attack on gold.27 Oct 2021 13:47
Feel free to point them out to me if you find them but I need a fairly recent PFS/DFS to do the math.
A couple of points before I forget to mention them:
Re the 38p valuation on the Dugbe DFS in Q2 2022 I mentioned - let's pencil in £10m cash sitting on the b/s by then to give us that 40p target she came down from back in the day.
Also, I modeled Gold last night using ellipses and, if I'm right of course, it gave some possibly really useful insight into how Gold *may* move over the next year.
The long and short of it was that while they may drift her in the coming period to c$1,760, they may just as equally move her back to $1,900 in November.
Higher lows as you would expect from there but then lift-off kicks in during Summer 2022, possibly setting a slightly new high around $2.1k but then The Big one, with a sharp move back down to $1,900 then around October/November 2022, a violent and sustained move upwards to my intermediate target of c$2,400 - an exact replication in speed/height as the violent +$600 move from $1,400s to $2k in fact.
It is not lost on me that the November 2022 timeline may well revolve around the US mid-terms where the Democrats are surely going to get thumped with the Republicans taking control of the House.
Put the case that you're then in a scenario where the Republicans flatly refuse to raise the debt limit and, perhaps, that's when it all kicks off.
Just a view but let's see how that goes.
The 10-year is continuing to drift downwards as I type, 6pts off this last week.
FYI, the US is currently paying 2.5x more interest on new 10-year debt as it was this time last year - that simply cannot persist ...
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