Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
This is very bullish for Gold and not from the usual Gold rampers media,
a bit technical and will take 12 moths to pan out but....
https://www.investing.com/analysis/gold-why-has-the-yellow-metal-held-steady-as-yield-curve-continues-to-steepen-200642922
If gold moves above the $2000 level I reckon HUM will quickly get back to 20p+, assuming that Danny Boy delivers a decent update on Thursday.=============
Agree 100%.
POG looking very good too, I expecting the usual resistance at all time high, but with main indexes way overbought, (even the AI driven narrative has run out its course), rate rise topping and some people talking about third world war, is matter of time b4 we get new record high this year.
Would love to hear some more small banks running out of cash....
POG now HAS top be set for a new record me think....
All set for 20p spike here, which last time was reached in 3 day from this levels, let see what news bring.....
(Reuters) -Wall Street's main indexes rose on Thursday after Federal Reserve Chair Jerome Powell said the U.S. central bank would be "proceeding carefully" on further interest rate hikes.
1982 right now making new recent high, as short res was at 1980.20 on the day candle.
Next day highest short term 1986.70....could be gone comes tomorrow
Also in the past few years Q3 has been released neat 20th October, are they delaying 1 week to accommodate Kour positive update.....this is me whishing..
Angelis you are embarrassing your self.
Global economies/countries have chosen Socialism/communism, so the Weimar Republic route.
========================================
The above is a simplistic way to explain a very complex subject. And you are a product of modern society
that as brainwashed most people to explain issues with a yes or no, back or white.
They stole your ability to reasons to use your brain, you are like a robot, my friend.
The way think transpire in your populist stupid sentences, just thank democracy that you are allowed to write on public domain.
Global economies/countries have chosen Socialism/communism, so the Weimar Republic route.
===================================================================================
Unfortunately is the opposite, is the West that is alienating more and more with obsession of image, efficiency and and technology, to detriment of real relationships, feeling and emotions.
We are programmed from birth now to see the world trough a computer or mobile phone and have become detached from reality and dehumanised. AI when we haven't yet sorted famine or when we are going toward a ecological catastrophe.
What's happening at macro level can not be explained simply with political ideologies, is more to do with money, greed and selfishness.
Gold_Investor
agree with you, HUM sp would move, and very fast imo, if we see POG above $2000,
or if we get news of nameplate production achieved at Kour, in the next few days, or both.
Jammin86 Gold rise because of many reasons...lately out of tensions in the middles, not because of rate falling or fot that matter even going up.
Indeed rates are or should be an indirect consequence of U$D strength or weakness, which is the direct factor that affect POG, beside many other ...
The U$D index is made out of currencies linked to the US economy, and via sanctions and protectionist trades and politics, including the limited representation of the basket of currency in the index, (when the $ affect so many more currencies and economies in the world) even in the scenarios the relationship between POG and U$D is not straight forward.
Just to say that POG is affected by many factors, most of which are irrational, possibly the most rationale is inflation, by which if AISC become too high compared to POG, gold miners will stop/reduce exploration and production and therefore demand/offer will rebalance.
Looking at USD coming down...after hot retail sale.
105ish big support, broken that could be POG above $2000 again?
Meanwhile US bank are making good profits on the back of high rates but huge losses on the books..
What about the small banks? Anyone going to the wall?
https://www.investing.com/news/stock-market-news/bank-of-americas-q3-profits-rise-amid-high-interest-rates-and-bond-losses-93CH-3201097
Interesting reaction to US Retail Sale coming hot at 0.7% in stead of 0.3%.
Balanced view requited here.
I can see DavidBrent point, the past performance for Hum is not encouraging, but we need to take in to account some factors:
Ynafolilla was the first ever mine for Hum.
Covid-19
The coup (which did not affected operation, but nevertheless did affected the sp)
Inflation and for sure operational problems.
Also consider that they started Yanfolilla with POG very low.
Of the above factors some have been addressed and some are priced in imo....
And I think you are a bit too pessimistic.
don't forget that we are a peanuts market cap, compared to POG and forward production.
According to the past few years Q3 is released around the 20th of October.
IMO it will have a neutral effect on sp. We know that production at Yanfolilla wont be great this quarter but also we know that possibly 80-90k/oz will be beaten.
I am not expecting Kour to reach name plate with Q3 announcement, but they are bound to be more specific on ramp-up progress.
Still awaiting for drilling essay, I am stating to suspect I was dreaming when I though Hum was drilling at Kour/Yan.
Anything above 15k/oz production for Q3 at Yan, would be a good result.
POG meanwhile seems well supported by the crazy macro events in the middle-east and the Fed that soon or later has to signal easing of rate rise policies..
With Q3 coming possibly an opportunity to average down.
Https://tvc-invdn-com.investing.com/data/tvc_effe96eb2089a08dc82a3cb75dbc9614.png
Nice to see POG readjusting to price inflation, remember that after covid-19 it reached 2100$.
Back then it was on due to a mix of fight to safety and printing.
Now printing is to pay down interest and inflation (some 8% for 3 consecutive years) imo still has to be priced in...
Interesting times.
I whish G_G_G keeps going with the deramping, since he started HUM is up 30%
And you noticed the length of G_G_G posts?
SHAN sp going nowhere for another 3 years, but hey 2% divi....why not.