Member Info for booboouberbear

Yep, gold trading houses going to go bust in a big way, the rubber has hit the road in terms of paper v physical.

just exploded on comex. holy ****.

Might be today...only 7 dollars off ATH on spot price.

AUX ATH next week?

Not the whole story.

DXY higher than it was in August 2020, the previous AUX ATH.

USTs Yeilds, well, a lot higher now than it was in August 2020.

Something else is clear a dynamic...

Back up the trucks for a run on USD$2075 and an all time high in AUX. With any luck this is a / the long awaited run on the multi decade long corruption at COMEX…the bag holder losses on all the ‘paper gold’ will be epic.

Well, that was a remarkable defence of $2k AUX on COMEX Experatation Day. Could be an interesting few weeks, and I'm expecting an attack on ATH on AUX.

It's COMEX Au / Ag expiration day today (27/11/2023). It usually gets slammed today, but it is in fact going up and came out the traps fast in Asian trading which is now trading at a very large positive arbitrage to COMEX.

Expiration at 18:30pm GMT, could be an exciting week if they can't slam it down back below $2k.

The CPI Inflation numbers just released in the US points to an Economy in or close to recession and deflation (when looking at the 3 month numbers just gone) IMO, when you look at the US Budget Deficit numbers released last evening, it suggest an outright contraction is already happening, the year on year monthly October 2023 numbers showed tax receipts down by 8% and outgoings up by 15%, this will get worse as the economy starts to cool even further under (relative to the last 15 years) high interest rates and tax receipts come down yet further and unemployment goes up, of course, this will be softened somewhat by interest rates falling in real rates terms, but with an 8% to US GDP budget deficit currently, what this could blow out to could be truly epic and cause an almighty bust IMO under numerous bond market blow up scenarios.

My own view, a serious recession in 2024, US GDP budget deficit of 15%, and a Federal Reserve forced to buy the US Treasury’s Debt (under Yield Curve Control).

Gold to Hit All Time Highs by End of 2023 as a result?

Of course, none of that matters for Au or Ag, as COMEX corruption never sleeps. Hammered to bits before aball is kicked.

Stripping out Government Payrolls and Full Time roles, it looks like a US Recession is up on deck, which bond yields plummet and deficts ballon.

Of course, the relentless corruption of Au and Ag prices by COMEX will take some time for this link to be broken, the last 2 day's price action in these markets is shocking even by COMEX historical standards...

From the US Fed yesterday and the BoE today, it’s clear that the hiking part of the equation is done, the question is when does the inflation, the economy, and the employment figures tank and take interest rates with it and send AUX to all time highs?

More great stuff, very interesting that as they begin to understand the geology better at Ramula they are now starting to hit much high grades there, some of those intersections are chunky.

As you timeliness? Hard in mining, I'd suggest mining licence by end of 2024, funding, construction, resettlement (if its a thing), smelting AU something 2027.

Even on a good day (today is a good day), 0.7% of volume against share on issue, that’s dire.

The company is in great shape an getting stronger by the day, the sector is unloved, and on AIM even more so, despite the fact Gold in ever currency, bar the USD is at all time highs, and not that far off the USD all time high.

Https://www.google.com/amp/s/www.thisismoney.co.uk/money/investing/article-12682817/amp/MIDAS-SHARE-TIPS-UPDATE-Miner-Shanta-Golds-prospects-start-shine.html

Will be interesting to see how this weekend pans out and subsequent opening Monday pans out.

@10:32. Agreed. It appears the prospect has been 'lightly' drilled, and the geology on the slide presentation was interesting, they obviously think there is a very good chance that the geology is continous across all the defined prospects, and if that is in fact true then we are into the millions in Oz IMHO across one continous open pit, then Singida is a different ball game.

listed on the tsx, and which poured 4,764 oz of au in q2 2023 (their q3 figures aren’t out yet), now has a mcap only £20m (sterling) less than shanta, who is pouring pro-rata 5x the amount of au. they have one mine in tanz.

https://finance.yahoo.com/quote/tnx.to/?guccounter=1&guce_referrer=ahr0chm6ly93d3cuz29vz2xllmnvbs8&guce_referrer_sig=aqaaabf-2sdrwgfy_npjejpqdaisczp4w0rs6-yotzptdhathuvsv3quuuyffxx7sx29zsbkbsqjfcfvzfho-uclzy_fxprzqxqmvb_4rtzpz01is81uexv20oie-wuis_0awiu66***nrjb0w8dtwnj_lclx_quwjgk3jjkn5pdurw-

Watched the interview twice now and it’s the most bullish yet, they think there are on to something here with this ‘super-pit’ at Singida and the combining of all the prospects into one pit, which would be incredibly exciting if that’s the case. An enviable position to be in having the kind of revenue that allows this kind of CAPEX expansion for future resources / reserves.

Also, not EZs comments ‘if we were listed in Toronto we would probably be what, 2, 3, 4 times the Market Cap?’.