Member Info for bonker99

No worries :)

Feel free to avail yourself of how prior large spikes in the Gold price happen - they're typically predicated on a painfully slow bottoming curve then "out of nowhere" it just flies and keeps on going.

I'm not expecting it to fly ahead of Q1 2022 but you have to define "flying" of course - real world inflation, as measured in the 1970s, is at 14%, Gold is down around 7% this year so it "owes us" +20% which, shock, horror, would take us precisely back to the previous $2k spike from $1,700 but that's just for starters of course - you may see that move by Xmas.

With a bit of luck we'll get a chance at 15p here.

RNS: Bought 2x in-construction Polish onshore wind projects.

True about the gold price but it will start to matter real soon and for the long-term - that Dugbe PEA book valuation will double on the DFS in two years time even if Gold doesn't move from where it is now but of course in that timeframe it's a pretty reasonable estimate that gold will be a lot closer to $3-4k than the current $1,800.

In short, I think the lowball SP target here over the next couple of years is a standard 4x at c65p but you could well see a quid+ when they're churning out 300k+ oz pa.

Those guys are all long Gold, short Dollar - I wouldn't be at all surprised if they removed the debt ceiling completely and that's the ballgame ...

Gold bottom is in at $1,720 or £50 to a charity of your choice from moi.

New high for Gold - if this ain't it then it's darn close to it ...

Come on boys, keep going, nearly there ;)

I wouldn't take a blind bit of notice of those numbers myself.

$1,226 looks to be a key pivot line, anything up to -10% on offer if it breaks that.

Morning.

51% of Dugbe at its current PEA stage with Gold @ c$1,800 is worth c£50m.

Everything else, Yanifola + cash etc, is currently being valued at £10-15m.

To say there's not much upside priced in at mid-teens and $1,700s Gold is quite the understatement.

Chunky buy after-market.

All in good time but yes, pretty good chance of some serious blue from here.

Looks like Gold is going to $1,900 mate - same Bull Flag breakout as BTC earlier today.

That's my buying done then peeps.

1st October - let's see if Dan Betts can surprise us all with an earlier than expected Q2 production update and maybe some chunky director buys to follow ;)

Nice divi but will pale compared to the SP profits here - I'm eyeing an even £30 - Silver moving again.

;)

RNS: More director buys.

I'm expecting some huge bricks to be dumped out at 15s.

As evidenced yesterday with the 10-year bumping up to 1.55%, Gold tracked it upwards and then some @ +2% ...

We're already in a risk-off period and I expect that to continue and intensify, ups and downs aside, for quite some time, possibly years, not months.

Yields may continue to rise but then the US is closer to default than ever (interest payments, not debt ceiling) so I expect the FED to implement YCC - if they haven't already - to keep those numbers as suppressed as possible - official NIRP in 2022 is clearly possible even though real yields are already massively negative when taking the real-world inflation of c10% into account.

September's jobs numbers are expected to be awful with hundreds of thousands, maybe even a million, of jobs gone - a possible petrol on the fire scenario when HUM drop what we all hope will be a good Q2 production update with a lowered AISC around the same time in October.

Chunky - as expected at 15s :)

No promises:

https://twitter.com/bonker_99/status/1443846372856377344?s=20

Yes, I think the bottom for Gold is in now - it boinged today precisely where I expected/hoped it would, even against the headwind of rocketing yields on US debt - nuff said really.

SPX plummeting - it's risk-off time in a hyperinflation environment and it's never going to get better than that for Gold.

I wouldn't worry about $2k - set your sights FAR higher ;)

Try harder chaps ;)