Member Info for LuckyLuciano

Pedro61 me I say very childish to get back at Bushytailed in this way.

If you was sure of your investment in SRB you would have not retaliate like this. If anything you can take on Bushytailed in SRB board to show everyone over there how wrong he is about whatever he is talking about.....(sorry not reading his posts). IMO you are wasting time here...but pl feel free.

Have to say POG strength is remarkable, consolidating above 2300 and today CPI "COULD" see new hights.....

IMO $2200 POG for next year is conservative, looking at yesterday reaction of POG out of labour data from US.

Given the opportunity POG wants to go higher and hopefully by next year inflation will be lower, possibly, also helped by more geopolitical stability around the world and lower oil prices. Unless another war pops up somewhere else .....

Indeed.....trebling NPV from MTR Project , costs down POG up some $450/OZ WOW.

Same will be for total production of 190K this year, results will be fantastic, expecting increasing dividend ?!

What amaze me is how stupid we all are, by looking at the UDS Index as a bench mark reference point for commodities (albeit not always correlated).

USD should be weighted against US trading countries, by nominal volume or trades and including many other countries which these days creates a lot of wealth for USA.

For example since 2020 the Mexican pesos has appreciated some 50% and yet the USD Index for the same period has gone up, similar for the CAD.

I read about a healthy pull back, never than less there may be still little lower to go. Technically the RSI hours is whey over oversold, awaiting PCE on Friday for further support ?! If that happens we could be back on rate cut mode....if not probably lower to go, but mid terms (2024) imo POG will make new highs.

I am trying to think how a nationalization of a gold mine operation would work out in Mali.

Are the Mali ministers or military suddenly becoming experts at mining gold? Is it not better to just get the tax revenue? Is it not this the reason why they are introducing the new mining code?

Interesting price action and food for thoughts....

Friday unprecedent drop in POG, orchestrated or not by FED US or whoever you like, it comes spot on before the Iran recent attack on Israel.

Whatever was behind Friday POG drop it was nevertheless paper gold, not physical. Hence central bank are still buying gold and we will possibly see China tonight taking advantage of recent price correction, but also I wonder, is there any shorter needing to close positions ? Is there a new POG record high comes next week?

Https://www.msn.com/en-gb/news/world/iran-launches-massive-drone-attack-on-israel/ar-BB1lzFah?ocid=winp2fptaskbar&cvid=58bccd0ba27d4737cfa1772075b0dc18&ei=5

That's very likely and it wont end there because then there will be a retaliation on retaliation and the US may get involved as well.....

There is a strong Jews presence in USA notably I the financial sector but they are a bit everywhere at the top of industries, under Biden the Jews are kind of in charge of US affairs....hence we may be witnessing a start of a Iranian war with some of the west getting involved. IMO big mistake from the Iranian to retaliate, is just what they were waiting for, with market indexes at the top the financial mafia needed a reason to reset the markets for more gain to come.....

Too much money in the system create speculations and bubbles.

Apologies for the conspiracy theories drivels....

Yes, unless dark forces like some say.... that the Fed is out there to manipulate gold price, fantasy land thinking.

POG already registered a measured drop on CPI news released this week, so the "bad new" was already factored in.

Recent price drop on Friday at close imo looks more a technical reaction of a price that was rising too fast and unsustainable.

One hour RSI is in oversold territory, and price is at kind of consolidation/support level for the last week.

One thing is for sure volatility is getting much higher which imo is not so good for miners sp, hoping for POG to consolidate and resuming upward movement at much slower pace, is likely many investors out there are looking at POG recent move from $2000 with suspicion, hence the slow reaction on miners sp...

But with central banks buying physical gold recent drop is only an opportunity to get in cheaper, lets see what China will do comes Sunday night, I suppose what we want to keep an eye on is the mid/long trend on POG and that is positive, USD, CPI and no rate cut haven't stopped POG so far.....why now?

I can see actually investors been suspicious about this meteoritic rise....

Thing is gold as asset can freely double from here without causing any major impact on economies, not like oil or ather commodities...

This is silly gold future at 2443 and climbing ????

Index up or down, USD up or down CPI.....Noting is stopping it.

Any retrace is short lived FOMO is here imo.

Have to admit didn't expect POG to make this push higher after CPI....This is going to take everyone by surprise, and what about if at this rate we go past $2500 psychological levels?????

Then the sky is the limit, and lost of FOMO taking place.

Not saying will happen but at this rate....

I am sorry guys, I like to take a more ideological view of what/where the problem is and why there is not and never will be a solution to this crazy capitalistic debt crises.

I am not a Muslim but the very concept of interest rate is where the problem lies, we can go back to Jesus and the Jews, but in my view it is mentally a delusion to think to be able to set a rate of return (whatever it is) on money lending....fast forward to these days and we fins our selves in this mess, where at some point most recently they even invented negative rates, fortunately not for citizen bank deposit...not yet. Its clear that the master of the financial universe up there don't know a squat about what they are doing, or they know it very well....of course.

The history of the concept of interest rate, is said to be coming from the use of lending seed for growing wheat or other plants among farmer, many centuries ago. It worked like this, I lend you a bag of wheat seeds and when you harvest you give me back 2 bags. The system worked with the laws of nature, where possibly everything was flexible and if that year there was no crop I suppose there was no 2 bags coming back to the lender.

With bank rates we pretend to be able to forecast the law of nature, by extending the lending periods at lower rates as if that was a solution, but we all know is just kicking the can down the road, gov debits are getting bigger and also personal debit for most of us. So I am done with trying to change politics, and getting involved ....the system for me (the capitalistic system based on borrowing) is a deluded thinking creating many mental disorders and pathologies all round.

All in the name of money and the have and have not.

Total madness.

Have to agree Tornadotony

kind of my sentiment too. The only left to support POG is China right now mainly motivated for political reasons, and they are very unpredictable with market price "manipulations" . Yet one may say that POG downward pressure is limited I recall 2150ish been string support !?

Anyhow possibly best to pause and wait for better sp entries, I am not invested in CEY but other gold miners, just to be politically correct with my statements. lol

Hi I suppose the $1mil question is where is going POG in the short/mid terms. We all know that long and very long terms the trend is always up but nobody has this long time frame investment view.

So I read that retail investors still have to join the gold party and buy in to it, some suggesting that it will happen with FOMO, hence skyrocketing gold price to $3000 or whatever...

Me thinking that with so much retail money (and not) now committed to crypto there wont be much appetite for gold from Mr. John unless we are talking about the jewels market, which at these prices has to be limited upside.

On the contrarian view is that higher inflation for longer and worsening sentiment on the USD Bonds may favour POG, after all Brasil Gov Bond are at 11.2% and the Real as also appreciated some 15% since 2020, Mexican Bonds are even a better prospect at 10% and 40% currency appreciation....

Time will tell, different forces at play in uncharted territories right now, best to look at numbers out and believe what you see....

Just bought another 3.2k of Paf 23.06 averaging up...honestly can't see anywhere else where to put mu money atm.

...bang on time new record high. Mind you this is coming with Chinese market closed.....not sure what to make out of it, possible push high for retrace comes tomorrow CPI showing sticky inflation data?!

All will be revealed, nevertheless POG is very resilient everyone talking about $2500 coming.....

..just looking as I type at the POG to make new record high...

imv we are due a rerate soon.

awaiting an upgrade on production guidance to erase recent downward pressure on sp.

indeed i like to compare paf with resolution m. similar geographical risk and operations.

roughly at current pog forward pe from my pack of *** calculations is 4 and 3 respectively and although surely there is a political risk attached to both, i definitely see res more risky that paf.

their graph comparison since 2024 show definitely a better sp appreciation for paf if wasn't for recent downward correction due to trimming production guidance, this is changing but the market has not registered this yet imv.

need a positive announcement to rebalance sentiments possibly a sp rerate going to next financials by end of may..

most gold miners out there are reaching key resistance levels and with fear of a pog correction there may not be much upside potential for now, time for consolidation....

looking forward for wednesday us cpi, any low numbers could give new push higher...but i am not counting on it.

it would be interesting to see how pog reacts even if cpi disappoint.