Member Info for deepjoy

The SP performance in recent week is not about the company per se' in my view. It is an over-reaction in the markets to the gold price and the media push that rising rates are bad for gold. This is course would be true is the real rate was positive which, of course it is not. So even when the 10yr UST note spikes to 3.49% the real rate is still -5%. Gold has yet to react because market commentators hang on to powell's every word with future rate raises. My own view remains that his analytics of the inflation problem is just rhetoric and that real negative interests will remain and be as embedded as they have been since 2008. Even is the 10yr UST hits 5% and bankrupts the US Government and causes a recession the real rate will still be negative on the supply inflation problem for some time. Hence why 65% of my PF is now gold related and raising on every fall in the spot price. Too much negative sentiment on this stock in my view, yes it has been a busted flush in many ways for LTHs but I think it will be a success in the medium term. I might be in the minority here but the fall in US housing figures and builds just reported backs up my view that powell will have to turnabout and gold will does what it should do.. re-rate up. GLA

never seen the pm markets so volatile thou. Sterling performance by gold in the face of bonds yields spiking. By sorting the loan out at this stage the CEO has played a blinding move in my view and I even now get the continued small Divi policy whilst they pay off future debt. A 6% coupon on a gold miner loan note in a few months will seem ridiculously cheap as the credit markets dry up. Strategy is simple - hold no matter what unless the story changes.

It appears those who took on too much risk looking for an SP rally into September are cutting back on their holdings. Still have a small amount (3% of PF) might add a few at these prices.

well ex divi is today so it might be your chance :)

US retail sales down ... oops.. gold getting a nudge :)

Dr - you are right the 10yrs UST is close to 3.5% and the 2yr not far behind. They are pricing in recession as well now. Gold will fall as it always does in these markets but then rally when cash has nowhere left to go and the bond market has re-priced. There has never been a wider gap between inflation and real yields and people will buy anything and everything that can preserve wealth if they are not leveraged. With US debt 110% of GPD the FEd are screwed in closing that gap for sure.

which in turn increases the Divi.. context perhaps needed.

1% short interest is hardly significant ... LOL ... click bait media that link. I'll take more at these levels and if it goes anywhere near 70p I'll empty my account into it .

The spread in silly atm.. whatever orders are on the book won't take long to clear. Now the elephant in the room is sorted and production is far better I'll be disappointed if we don't hit a new base circa 11p EVEN in these markets

Clever move in my opinion. Coupon is not desperado rates on the loan so he made a good call in my view :)

Sotolo .. you need a holiday mate :)

if bitcoin breaks below 28k over the weekend gold will go mental next week (i hope) :)

If it closes above 1870 that will be very bullish for technical traders

Not any more - the volumes are up in this crazy market :)

amazing considering the bond sell off and inflation print.. really surprised

Sadly I think you are right and I also think gold is going under 1800 as well soon.

made that 500k off load impactful ..

Not sure that this board should be a vehicle for one's ego Penny. Trade away by all means but why shout about it?

Well gold is putting up a sterling performance in this environment.. the naysayers are all against it with interest rises but as a contrarian I am long only gold :)

lots of people getting bounced out of this before.. trading the spot price in a miner is just silly :)