Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Https://www.reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
POG is sending a big message ....
https://www.ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
I think the next target is $3000 usd ...Once we hit $2500 . Lots of Chinese buying .
https://oilprice.com/Metals/Gold/Is-Gold-Heading-to-3000.html
There could of course be dilution if Greatland want the other 70% of Hav ! .. My opinion is that Greatland will be bought . They just can't afford it without massive dilution. That wouldn't be worth it . If gold prices continue as they are then Newmont might change their mind ....who knows !
It's getting there ! π
I say shortly but nobody will be shorting gold right now !
https://www.fxempire.com/forecasts/article/gold-price-forecast-gold-waits-for-monday-1419842
US inflation looks like it could be coming down .
https://www.fxstreet.com/news/gold-hits-new-all-time-high-despite-hawkish-fed-comments-meaty-us-data-202403281856
The graph shows a clear rise off the base level ...Still 60% down but heading in the right direction .
https://tradingeconomics.com/commodity/lithium
Lithium looks like it's on the way back up ...
https://tradingeconomics.com/commodities
The high POG should amplify the Lassonde curve once production starts !
Could we be seeing $2500-$3000 in the next year or so ?
https://www.fxempire.com/forecasts/article/are-we-at-the-beginning-of-a-new-historic-supercycle-for-gold-1415097
Liam , thanks so much for this great interview with Callum π .
If anyone was in any doubt about investing in Greatland then they need to see this interview !
I love the way Callum speaks in such a considered and measured way . He's honest and thoughtful and I was hanging on his every word . Amazing π
Chinese property and stocks have tumbled so there is lots of buying activity from China which is boosting the gold price at the moment .
https://www.fxstreet.com/news/gold-price-forecast-xau-usd-extends-the-rally-above-2-160-investors-await-us-nfp-data-202403080644
With China strengthening its ties with Russia forming an east / west divide and with interest rates hopefully coming back down then the POG should continue to rise . China and its population are big buyers of gold . There is a definite concerted campaign to knock the dollar off it's pedestal.
It's a really informative interview with the man who discovered Hav.. It's good to look back at this now that Telfer and Hav. are up for grabs . Callum also talks about the other exciting projects in the pipeline. Sometimes it good to look back when looking forward π
https://youtu.be/tyjDRNi0D58?si=JQS5GF4fqhw5Ualh
If they don't then they might not be able to sell Telfer and then they would have to foot the bill for closing it down in a decade or so, they wouldn't want to be left holding the baby . Nobody would take on Telfer without the whole of Hav. IMHO .
DYOR etc.. etc...
I do think it is on the up from here π€ Good time to buy CTL right now . IMHO .
DYOR etc etc and good luck π
Https://twitter.com/RoastPR/status/1764197314883694789?t=xzHhyvtOkDsHDa7pJbmTTw&s=19