Member Info for MontyMcgree

I view the SP as having an undeniable destination much higher than current

The journey there may be up and down, manipulated, gain and lose momentum etc but I'm not trading so what does it matter

I will be very interested to see what happens ~ release of the pre-feasibility study later this year

"Now we know there is gold for sure, at a later stage they can go in with the big drills and pull the gold out. Then we'll be looking at some nice numbers."

Sorry for question but what is the likely time frame for big drills and assays

I've owned Bitcoin twice

I bought some 2014 for about £300 and sold it in 2017 for $1000 and felt very clever

I bought it in 2020 for ~$9k (not a whole btc) and sold it between $20-30k and felt very clever

I started to put the profit into GGP at 33p.. that obviously was not the right short term play lol, ggp halved and bitcoin doubled

Obviously in hindsight I've not been so clever at all vs just holding, every time I doubt Bitcoin it kicks up to a new gear and proves me wrong. How after 7 years of proving me wrong can I still doubt it?

It may drop 75% tomorrow but I would not bet against it being 1 million in 5-10 years (id need that big drop to want to get back in)

Whoops sorry I actually posted the chart I posted last time, this is current one https://imgur.com/O8Ck0Uf.jpg

I posted this the other week and for now its still looking about right - https://imgur.com/mvJmksB.jpg

Green a buying area, red a selling area, suggests SP should be around the bottom now but if it falls out of the channel I will be viewing it quite negatively for the short term and its already been in a negative downward channel since the end of September

^ I don't use TA to predict only to suggest where buyers/sellers are and if price is positive/negative long or short term and you guys would know a lot better than me the fundamentals and fair value

Havieron surely has 10moz+

GGP with 2.5moz should not = 18p, more 50p+

The CEO of Newcrest was asked recently what the key catalysts for the company would be over the next 12 months : "I think the Havieron study which comes out in September and obviously the regular drill reports we put out"

September.. 5-6 months, If you don't want to add just sit on your hands and come back and look what the SP in September

What's at Hav will end up being worth well beyond current SP so if it does cause a drop it it will be totally irrational but a great time to top up

Green has been a strong buying area, red selling but a large 40% gap in between - https://imgur.com/jzwpFhV.jpg

Obviously a negative 6 months from a technical perspective but short term moves don't always reflect accurately

I don't use TA to predict only to work out where there are buyers & sellers and if price is in a positive or negative trend and where SP would need to go to change that

Ahh I found Paddys works - https://twitter.com/paddygall1/status/1355451143611179012

Just out of interest, I believe I've seen people speculated on this before

What are the current thoughts on AISC for Hav? what's the likely the profit be on each 1oz produced?

I know it depends on the type of mining and blockcave had people excited before it was announced it would be a blockcave right? because that lowers cost

Thanks

The title made it sound like copper masks are deadly :p

Robbie2017, momentum

People see green they rush in, fundamentals don't matter in the short term

Speedy please keep my post in context

I compared houses and stocks to gold 80s to mid 2000s

gold overlayed on TLT (US long bonds)

https://imgur.com/Om8dHjv.jpg

Bonds go down when yields go up

Yields go up with expectation of inflation

= gold down with inflation

Its really grating people point to one period in the 70s, what about 80s-mid 2000s how well was gold doing for inflation then? how did gold perform against house prices, stocks? very very badly

Gold is not a general inflation hedge, if there's general inflation you need your money in riskier things to keep up not a safe asset like gold

"The stimulus packages around the globe are being financed with newly created currency."

US government auctions UST

Where does the money come from to buy them? private market

Where does the Fed get the money to buy them from primary dealers? they don't buy them for money they swap them for bank reserves

No money printing, bank reserve creating

Are bank reserve money: no

The more bank reserves created the more the signal is things are going wrong with the monetary system and economy, not well, its deflationary not inflationary

People have it so backwards but because thats what the mainstream "analysist" perpetuate everyone thinks its right

If fiscal stimulus is inflationary bond yields will go up, when bond yields go up gold goes down

Fiscal stimulus isn't "money printing" it's currency redistribution

The only person to listen to on these topics is Jeffrey Snider

Gold is a hedge against out of control currency, be that inflation or deflation

You can look at gold from the 1980s onwards until mid 2000s vs something like house prices to see it's a awful AWFUL play just on general inflation

When did gold really take off? the financial crisis post 2008 because the eurodollar system broke and we have been in a deflationary period ever since, we have short periods where it looks like things are getting better but nope, we were headed into a recession in 2020 covid or no

If the federal reserve and governments really controlled money and interest rates like it the believed narrative why haven't they been able to fix things since the financial crisis?

If central banks are central how can there be such a clusterf*** like March 2020?

The more central banks and governments have to do the more you should be thinking gold will do well because the more the monetary system is broken

To answer more succinctly: gold inverses bond yields

Price monitor extension and SP now 24

The three graces coins on Monday were what to get my friends

I haven't found it frustrating I have to say

I thought 27 was a great price so I can't resist adding almost daily at these prices, lower it goes now more I will make in future