Member Info for bonker99

I'm sure it is but I can't know where from or when :)

That's a phat £32k buy.

That's a lorra blue coming in - sit on your hands for a couple of weeks IMO, they could very easily run this up to 40s again.

Debt-free growth and profitability is what it's all about and the SE exploration keeps on giving and at gobsmackingly shallow depths too - kerching.

They're now building a cash war chest to go and exploit these other resources so that's what makes it so attractive around here/now.

The S&P is on another charge so no market crash this week at least :)

Bouncy :)

RSI very cooled off now - who knows where it ends up :)

They are - you're just not seeing it in the SP - yet ...

You should know the drill guys and gals - buying "unloved" shares in the right sector is the name of the game.

Morning.

They are head-turning results, as were prior drill results, notably the the 40cm at an eye-watering 948 g/t :)

A few great strikes don't make a billion Dollar mine but for sure, every billion Dollar mine started with a few great holes, ala GGP/SOLG :)

As for the commodities sector, well we know with absolute certainty that we're in a strong inflation environment that is, IMO, likely to continue for many years from here with commodity prices driving much of that - in addition to the money printing.

If you want to know where we're at in the bigger scheme of things, relative to other sector valuations, then take note of Goldman Sachs view from October 2020:

https://www.etftrends.com/wp-content/uploads/2020/10/Commodities-Continue-to-Look-Undervalued-Relative-to-the-Broader-Market.png

We already have plenty of evidence of hot money pouring into plays like these, they're taking off all around us, and the above is the reason why.

Sit on your hands and let it play out IMO, with all the ducks lining up there are multi-bags on offer here from teens.

It is but there's a reason for that :)

Anything above $1,735 is fine by me from here - when bouncing/rocketing up from a weekly long-term trendline (as they have been doing for over two years now ...) they often have a sharp intraday/week push down on the gold price to clear/prime the ensuing long bets and then it really flies.

That may well be the case in the coming days/weeks but we'll know what it is when we see it, it's my view that will be the absolute last buying opp for PMs for a very long time.

Afternoon :)

Silly post but hey, that's people/money.

I see the market wobbles - possibly about to pull the credit rug to force an economic collapse as the "Central Banks" always do of course.

Bond yields collapsing - we'll find out what Gold is made out of in the coming period I expect.

They're breaking out the burner accounts on here I see - lovely :)

;)

When they have to resort to putting out a fake cancelled trade/print at 19.8p to backfill the gap (and setup an IH&S formation in the process) then you know there's real pressure under the surface here as they can't/won't trade it back down there with real money.

$1,815

Yup, S&P having a well overdue wobble - be fine above $4,20

This however:

U.S. 10-YEAR YIELD FALLS TO 1.25%, LOWEST SINCE FEB. 16

Is going to pressure Gold up - it's looking good so far.

Yup - as I mentioned a little while back when we were at low teens, put the case that another district scale resource is developed here at a billion Dollar valuation - entirely feasible, there's one about 50 clicks up the road from here - then OMI are likely to have something like £200m of that which would put the SP here rather close to that 90p I mentioned last night.

It's almost like they already knew what they had some years back - funny old game.

Funny old game - Gold having another good day so far.

Morning.

19s good enough for me to start trickling back in - dry powder ready of course but she might not go any lower for all I know and a -8p reversal from 27p targets 35p nicely :)

Time will tell - GLA

My view BTW:

https://twitter.com/bonker_99/status/1412925302649544707?s=20

Evening.

More terrific high grade/shallow depth strikes then - I can't recall the last time I saw a gold play keep repeatedly doing this.

That double-bottom at 18s looks likely to end up with this back at c65p again IMO - looks a real gift at 20-anything.

That Double-Bottom chart:

https://twitter.com/bonker_99/status/1412921890377719810?s=20

That chart BTW:

https://twitter.com/bonker_99/status/1412914528409604100?s=20