Member Info for ID78

Agreed, Granth.

I think this is the last week of the 6s. It’s definitely the last month of the 6s!!

This is courtesy of Charles archer

Jamie Dimon, the man in charge of America’s biggest bank, who is very worried about a crash, told us in October that:

‘Gold could easily go to $5,000, $10,000 in environments like this.’

More importantly, he added:

‘This is one of the few times in my life it’s semi-rational to have some in your portfolio.’

Let’s unpack that statement. Gold is currently trading above $4,000 per ounce. For Dimon to say it’s only now ‘semi-rational’ to own gold reveals more about Wall Street’s traditional blind spots than it does about gold itself.

But Dimon isn’t alone anymore. The world’s most powerful financial institutions are suddenly singing the same tune, and their price targets are staggering:

JPMorgan has lifted its long-term gold forecast by 80%, from $2,100 to $3,850 per ounce. The bank now sees gold averaging $5,055 per ounce by Q4 2026, citing lasting investor demand and steady central bank buying. In a separate report, it forecasts gold could exceed $8,000 per ounce by 2028 as investors increasingly use it to hedge equity risk. At those prices, gold would become a $60+ trillion asset class within three years.

Goldman Sachs maintains its $4,900 per ounce target for end-2026, citing strong strategic demand and ‘structural and persistent buying’ that increases the likelihood prices could surpass even that target.

Bank of America’s Michael Hartnett projects gold hitting $6,000 by April 2026. His analysis: ‘Average gold jump past 4 bull markets ≈ 300% in 43 months.’

Société Générale hiked its gold price target from $4,000 to $5,000 by end of 2026.

Morgan Stanley now suggests a 60/20/20 portfolio split, with gold taking 20%; a dramatic shift from traditional 60/40 stock/bond allocations.

The LBMA’s Annual Gathering projects gold rising to nearly $5,000 an ounce over the next 12 months.

These aren’t fringe newsletter writers or gold bugs.

These are the institutions that manage trillions in assets, suddenly telling clients that gold deserves a prominent place in portfolios.

Down 40 bucks ….. down 1%

Oh dear better sell everything cos gold is clearly doomed.

🤦🏼

20SMA has caught up with the SP and typically in this uptrend that precedes the next leg up.

Not long now till we leave the 6a (and hopefully the 7s) behind…

Hey - PP …. This is courtesy of Charles archer

Jamie Dimon, the man in charge of America’s biggest bank, who is very worried about a crash, told us in October that:

‘Gold could easily go to $5,000, $10,000 in environments like this.’

More importantly, he added:

‘This is one of the few times in my life it’s semi-rational to have some in your portfolio.’

Let’s unpack that statement. Gold is currently trading above $4,000 per ounce. For Dimon to say it’s only now ‘semi-rational’ to own gold reveals more about Wall Street’s traditional blind spots than it does about gold itself.

But Dimon isn’t alone anymore. The world’s most powerful financial institutions are suddenly singing the same tune, and their price targets are staggering:

JPMorgan has lifted its long-term gold forecast by 80%, from $2,100 to $3,850 per ounce. The bank now sees gold averaging $5,055 per ounce by Q4 2026, citing lasting investor demand and steady central bank buying. In a separate report, it forecasts gold could exceed $8,000 per ounce by 2028 as investors increasingly use it to hedge equity risk. At those prices, gold would become a $60+ trillion asset class within three years.

Goldman Sachs maintains its $4,900 per ounce target for end-2026, citing strong strategic demand and ‘structural and persistent buying’ that increases the likelihood prices could surpass even that target.

Bank of America’s Michael Hartnett projects gold hitting $6,000 by April 2026. His analysis: ‘Average gold jump past 4 bull markets ≈ 300% in 43 months.’

Société Générale hiked its gold price target from $4,000 to $5,000 by end of 2026.

Morgan Stanley now suggests a 60/20/20 portfolio split, with gold taking 20%; a dramatic shift from traditional 60/40 stock/bond allocations.

The LBMA’s Annual Gathering projects gold rising to nearly $5,000 an ounce over the next 12 months.

These aren’t fringe newsletter writers or gold bugs.

These are the institutions that manage trillions in assets, suddenly telling clients that gold deserves a prominent place in portfolios.

DFS will be ready when it’s it’s ready but in summary

- a hard date is never given as they don’t want to miss it, otherwise they’ll be judged on missing it

- however they have a conference at the end of Nov / start of Dec and they ‘want something to talk about’

So they ARE targeting end of the month. Could it slip? Yes. But the end of the November is their own target.

There’s nothing much else to debate. They, like us hope for 4 weeks but it could still be anytime in December.

You’re right Ezik.

ARV already have a resource. Not apples with apples.

In contrast ARV started drilling Sept 24th and declared the first results yesterday.

Likely the same lab in Perth.

So yes it it taking forever!

After the US abandoned the gold standard in 1971, the price increased from about $35 to $190 by 1974.

Then as inflation cooled and the Fed tightened, gold crashed roughly 50% to around $100 by 1976.

Four years later, it was at $850.

I can hold through a 50% crash - not that we are seeing a 50% pullback!

Current buyers should ask whether they can too.

He’s probably getting the last laugh - quietly buying but getting others to sell.

Didn’t someone say it’s hard to buy?!

How to make money in the stock market.

Buy when Ralph tells you to sell

If you can find another gold explorer finding these grades please tell me

Nice

Top tip - Trek

When you find something that’s such a good buy. Buy and switch off, ignore the day to day, and just hold.

And hold.

Fooled into buying a company that will pocket the MCAP every year in profit from gold production.

Never mind the rest of the prospects like Argentina

Yeah stupid us 🤦🏼

Ralph just buy, it’s not going lower.

I don’t think these are particularly deep drills (take long) - so possible more results next week

Safest bet out there … MCAP is low compared to the gold we are. Find no gold and we should be higher.

Find gold and we should go much higher…

I like those odds!!

Pleasantly surprised to get those results today - WSBN completed drilling a while back and are still waiting on results from presumably the same lab in Perth…

It’s not exceptional - but it’s decent and as bonker says, it’s about showing gold over a large area… it soon multiplies the current gold find

I remember GSENT making a nuisance of themselves over on ALRT around 2p(ish).

Before it went on to 4p….. so I’ll take this as a good sign 40p is inbound.