Member Info for Helpful

If this happens, oil and gold go bonkers....

https://x.com/EretzIsrael/status/1778757083258638838

DYOR

Https://x.com/pauljohnson9691/status/1778793980777341223

DYOR

$2,417.

$2,400 dead and buried. It will be interesting to see what the chartists think the next targets are....

DYOR

Yep. We China trading nearly $100 higher it should keep going up.

I remember not so long we had people on here sneering that gold would go over $2,000, then $2,100 and so on. Now it looks that $2,400 has properly fallen in London (already well fallen in China) and it is still going higher.

The margin on production just gets higher and higher.

DYOR

$2,402.72

DYOR

So gold went to $2,341 earlier. All good! Fallen back for the moment.

DYOR

Https://twitter.com/goldseek/status/1778676442743591376?t=CVSwo5rlx3BjYCaKN0_G7Q&s=19

Gold in Shanghai trading at a much higher price.

DYOR

Https://twitter.com/goldseek/status/1778698816125804810?t=U2ushDyQPyFl53mKzi7Quw&s=19

DYOR

Https://twitter.com/goldseek/status/1778687374207136024?t=sZ8P9B7ACcTNDuBdyTpndQ&s=19

The answer is people are losing trust in fiat currencies: Weimar II incoming.

DYOR

So it appears that $2,399 is the new resistance. I see the CCP is telling people to buy silver and not gold. The PBOC has been buying gold in bulk for months, they must want to continue to buy and hence don't want the price to go up too much more.

Will the Chinese listen to the CCP? If 1.4bn Chinese start seriously buying gold where does the price go?

DYOR

Https://twitter.com/TaviCosta/status/1778536265543233713?t=NAQZE0Aw5xgA-TzujMKYzw&s=19

DYOR

Currently $2,393. Looks like $2,400 about to fall.

DYOR

So touched $2,390 currently $2,387.

DYOR

Gold touched $2,377 now $2,373.

DYOR

Glad to see that although you are so bitter it was only over £500. I hate to see what your reaction would be if you had gone big and invested £1,000.

🤪

Dukey how about the time (according to you and so not that reliable) you sold out of RRR at a "huge profit". The sad thing was you bought back in later because you thought you were missing out only to actually miss out.

Funny.

Https://www.lexology.com/library/detail.aspx?g=68deaa69-5091-4529-8e9a-b4dc5e99765a

https://www.imf.org/en/Publications/SPROLLs/WAEMU-362#sort=%40imfdate%20descending

Interesting...

DYOR

This is very interesting:

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/396-tsx/ore/158932-orezone-reports-q1-2024-gold-production.html

Average realised price in Q1 2024 $2,066/oz

DYOR

Https://www.juniorminingnetwork.com/mining-stocks/burkina-faso-mining-stocks.html

Useful resource.

DYOR

Yep, the trading has pretty much all been blue: two sells for £88.00 between them.

Well AB has to be this Bilbale thing producing asap. As I have said several times, what is at Bilbale in the alluvial is a multiple of what we are due from DRC.

I have a relook last night at some alluvial wash plants: some decent sized ones don't cost that much. Whilst we are doing the "test production", we can't move the volume production kit in. I saw yesterday a 200 hour plant costing $50,000.

On our model 10 hours a day, 2/2.5 g/t without a crusher, that sweet baby could do some serious production.

https://www.youtube.com/watch?v=4jvV2-vsCxQ

DYOR