Member Info for Doyouevenlift

One of the patterns with the Iran war, was that escalations were considered to be good for the $ and bad for gld as a) people need $ to buy oil, and b) conflict will increase inflation prompting the fed to increase rates. On point b the market has seemingly already gone from pricing in rate cuts, to 2 rate increases (which personally I doubt will happen). Tldr - is that if market has priced in increases already, the only way is up (fingers crossed)

Be gone from here!

“Gold might drop to nearer 4000 soon”. Sounds like wishful thinking from someone who sold half their shares 🙄

Recommended for the poetry describing the scene on the mountain 😂

Just look at every other gold miner. Same sort of drop. Or are the mysterious ‘MMs’ behind those drops too? 🤔

No it's not some MM conspiracy, it's mirroring the wider sector. Traders across the board are cacking themselves. For the canny investor there's a few bargains to start looking at - If my portfolio wasn't already massively disproportionate to gold, then gld miners would be a steal at this level.

Sound awful but at least this is all going on now. New ISA allowance in April and need to sell enough to use up the capital gains allowance for holdings not in an ISA. When the recovery comes, let it start no earlier than MID APRIL!

Short term uncertain - medium and long V bullish. Inflation back with a vengeance, and real interest rates will go negative as CBs drag their feet on raises to avoid tanking their economies. Gold to soar past ATHs

GGP went down at a similar rate to it's mining peers these last few weeks, due to global events. There is no conspiracy. We're increasing at the moment (largely) due to ETF buying (or people trying to front run ETF buying). There is no conspiracy.

These Aussie investors are feeble. LSE will show them how it’s done 👍

Iran’s ability to attack key infrastructure is over egged, and diminishing by the day as their strike capability weakens and the defences elsewhere in the region strengthen.

Here’s how it ma play out. Short term we’ve seen buy the rumour sell on the news drop in gold (albeit from record highs). The dollar is holding up and gold has/ is facing selling pressure especially as oil buying goes up (oil bought in dollars remember). Medium term this won’t last - dollar will tank as inflation spikes (energy, deficits, printing, weaker economies). The US economy is already in a weakened state - e.g. see Feb jobs numbers. Interest rates will be held or cut into increasing inflation which will be overlooked and again be labelled ‘transitory’. Conflict may escalate in near term and will continue to cost money - fire up the money printer. Before long US will declare a ‘victory’ regardless of what’s actually happened in Iran. Oil will fall back down but inflation will persist. Dedollarisation accelerates. BUY AND HOLD REAL ASSETS - BUY AND HOLD GOLD. DIAMOND HANDS BOYS!!

Buy and hodl

Go moan about it on the other board. We’re enjoying our healthy recovery today, and care little for the concerns of ‘OMI’ investors

Heading to $4800? Been there done that 3 weeks ago.

A President? If you can’t construct basic sentences, don’t expect people to take your comments seriously.

I'd be embarrassed to work at Jarden based on that 'analysis' alone. I wonder what you'd have to smoke before paying for their advice?

But if the shoe fits… 👀

This is real mining, not some Ponzi scheme. Dividends are a must - we’re extracting ore from the ground and at the end of the day, in the long term it’s a limited source. Profits must eventually flow to the shareholders, and given the PoG I reckon they will come sooner than assumed previously

Bear in mind that even with gold prices high, I don’t think they’d be selling at spot. Probably a little under