RE: worth a watch explains the close of the gold window10 Oct 2021 15:49
Afternoon.
Nice to hear the insight that guy has into the background of the shenanigans involved in suppression of the Gold/Silver price.
Also interesting to hear him identifying precisely the same targets for Gold/Silver as I have.
In short, that means a move, possibly in the relatively short-term, back to $2k (which is the "deficit" move in my mind - i.e. inflation already owes us that +20% move) but then, presumably by Summer 2022, to $2.4k. Beyond there, timescale unknowable of course, it's c$3.1k then c$4.5k.
Silver is a slightly tougher read. Possible that the bottom is also in there as the $21.5 pivot I identified was conspicuously smashed down to then boinged back up which is what you usually see when there's humongous leverage plays moving the price but ultimately, I also like the mid $30 area and a longer-term target of something like $70.
This is all very nice for the many Gold/Silver plays out there that have improved production/lowered AISCs/cleared debt, just like HUM, of course - probably the best setup I've ever seen for goldies in fact - that's not just based on "at some point this is going to blow up" anymore, it's based on real-world facts and numbers that you can read for yourself and weigh up like any proposition in any other sector.
The numbers are what the numbers are and the outlook for Gold going forward has never looked better. If you don't think they can 6x Gold to $10k from here over the rest of this decade then you need to go take a look at the gold chart for the early 1970s to 1980 and that's your 10x secured here, hell, maybe even a 40x from 15s as the output here surpasses 300k oz pa in the years ahead.
FWIW, I think Evergrande looks suspiciously like its being setup for a real default in January/Q1 2022 which is obviously not lost on me as being ever-so-convenient timing for all things Gold related.
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