Member Info for MontyMcgree

laserbrain, a good way to think about this to keep it nice and simple, ask yourself: Do I laserbrain know more than Newcrest

If your answer to that is no (I hope for your sake it is) then you should probably trust their expert opinion and actions and expense taken towards building a mine better than your limited research of concluding "low grades"

Why would Scally results be negative now? hav seems improperly priced in at the moment, how could any of the SP be accounting for Scally to be able to be negative

It would be the same as spot price no? the line

35 is overly optimistic, just a consolidation in the mid 20s is fine for now, firm up a bit before eventually kicking on

I'd guess it's because people are more optimistic about "recovery" with vaccines and the study from Israel - Stuff like M&S and Cineworld were up decently yesterday so people seem to be front running reflation (have been since November)

I hope they're right and the world can get going again but covid or not the world economy is down the drain and things are going to magically pick up where they left off,

It will most likely be economically ugly with a long recession for couple years before any true recovery and gold will shine during that period, much like 2009-2011

I need to read what I post before I press enter

Needs to firm up and break out, until it does* this current trajectory is pretty negative (short term)

Been in a downward channel for several weeks now - https://imgur.com/Lg4LZO2.jpg

Needs to firm up and break out, until it down this current trajectory is pretty negative (short term)

Its a sliding scale currently would need to finish above 24.50 to break out

I think 21 should be the very bottom but who knows, It's already broken a few supports I thought would hold

I've been buying all the way down personally but I will wait to put in another large order when it firms up and breaks out of this negative channel

Not an expert on copper but I thought its rise was down to covid lockdowns in South America where a large % of the world supply comes from?

So it's ultimately a supply/demand issue rather than anything else

I've highlighted an area of buyers and sellers - https://i.imgur.com/AST56lG.jpg

As long as the buyer area holds there's nothing to worry about, it might bounce between ~24-29 and that's fine it's consolidating, it did it previously for 5 weeks around end September - start December

I expect 23.80-25.40 to be a strong buying area that will hold but we shall see, nothing is guaranteed in the short term other than a huge deposit of gold and copper

ToffAppleton1 I do find that thesis interesting and compelling

I guess it will depend if demand gently increases or comes on strong

Another thing I wonder, despite popular belief QE isn't money printing the Federal Reserve only create bank reserves

There are a lack of dollars circulating currently, this appears with YPF not being able to secure dollars to pay their bonds in Argentina for instance - https://www.bloomberg.com/news/articles/2021-01-19/shale-driller-stuns-bondholders-as-argentina-runs-out-of-dollars

For world trade to get going we need oil but we also need dollars

With an increased demand for dollars (which there are a lack of) will that cause the dollar to increase in value? it should, usually oil and the dollar have an opposing relationship.. so how would that play out

where are you guys at that you can invest in Artemis? it seems difficult from the UK

Do you think working with Newmont like this might jeopardise our jv with Newcrest ;)

From a TA POV unlikely

Resistance becomes support when broken and vice versa

We obviously lost a lot of support during the drop, I think we will be shut out from 30 for a while

^ Not that being under 30 is negative, nothing wrong with SP consolidating for a while

This is how I see it - https://i.imgur.com/YjkX36I.jpg I think we will be stuck under the red lines and then top blue line for a period

"There's a confidence issue....why aren’t they digging it out now"

I know don't feed the trolls but this is row z tier level trolling jesus christ lol

Or if your attempt was purely to be comical I applaud you, masterful

I feel like the next leg of the PM story will be kicked on by a black swan event

Another liquidity crisis, insolvency crisis etc

If they happen everything will drop, everything including PMs and miners, then you will wish you have some spare cash sitting by to throw into miners, maybe crypto etc and anything else you like

great price if you can actually buy at it?!

I know we all look at things ggp centric but..

"LONDON (Reuters) - Wall Street investors are sitting on estimated year-to-date losses of $70.87 billion on their bets against U.S. companies following massive surges in some of the heavily shorted shares, data from analytics firm Ortex showed on Thursday."

https://finance.yahoo.com/news/losses-short-positions-u-firms-134105387.html

And this is still going, gamestop are up 100% premarket

The steps Newcrest are taking + every release of Havieron results sure up a certain winner

The price is now somehow 26p - we know it will be nowhere close to this in the future

You can use an ISA and pay nothing on your gains.. this type of easy lay up slam dunk cant be legal can it? pure money printing?

See March for what happens in a liquidity crisis

See 2008 for a financial crisis, it wont be banks this time though they're safe, more funds and institution

This is pie in the sky talk atm of course, lets see how things play out

global liquidity depends on the repo market

I wonder if the /r/wallstreetbets stuff is indirectly effecting everything atm because these big funds caught in the squeeze are having to cover themselves taking liquidity from others

Therefor everyone is sitting tight at best and liquidating positions at worst

This could be the start of the next big crash which would of course suck ggp down with it in the short term - would be a lifetime buying opportunity though