Member Info for MontyMcgree

big if true

RE: Clogau

They've owned 90% of it since 2018, would anyone be kind enough to give me a brief run down of what has happened since?

Reading the board you're awaiting a RNS? would this contain information on how much gold is likely at Clogau?

Thanks, I will try and do more reading and research in the meantime

LTInv

It increases the banks ability to lend but go look at US h8 bank data, they are not lending, instead they're buying safe assets

Look at credit card loans - https://fred.stlouisfed.org/series/CCLACBW027SBOG

Fiscal policies try and pump in what is missing, look at gdp for countries, look at consumer spending, they're all much lower, money is not flowing around the economy like it should be

You're fundamentally wrong, go look at all the data then get back to me.

gold is a fear asset, god knows what's going to happen with the global economy going forward with or without the vaccine

You can see from the h8 data that in the US commercial banks are mostly buying US treasury and agency securities, very safe assets

LTinv, the federal reserve do not money print they create bank reserves, bank reserves aren't money

12.14 in July, couldn't be happier with how its gone so far

your post was lazy and pointless

"hey guys I suggest you sell half of your ggp holdings and buy solg"

Based on what? if you believe in solg lay it out, if you can't explain it why are you suggesting it

The guy doesn't understand what the Fed are doing, there's no currency debasement

The fed cannot and has not made new "money" they create bank reserves, bank reserves are a number held in a collateral account that can be lent against but not spent, if something can't be spent and isn't added to the money supply it's not money; bank reserves are an accounting tool to balance the books, that's it

Commercial banks create money with debt and the h8 data shows they aren't lending

If you want to know what's really happening always prioritise what commercial banks are doing and their swap rates are low and bond yields are low and they're putting more money into treasury and agency securities which is about as safe as you can get

Watch Jeffrey Snider who actually studies the banking and monetary system, not someone who looks at an m1 chart and combines it with their imagination and thinks they're an inflation expert and there's monetary debasement

can we just be very clear that gold is a fear asset not inflation - https://imgur.com/EjvCoHG.jpg

it goes up when interest rates go down

Interest rates go down when money is tight

Interest rates go up with inflation

If there's inflation, interest rates will go up and gold will go down as money moves into riskier assets

I hope this is very clear, thanks

Look what happened in the March liquidity crisis

How are did gold fall and how quick was it bought back?

How far did bitcoin fall and how quick was it bought back?

That tells you everything you need to know about what the big money in the world currently wants most and that's not going to change overnight

Don't get me wrong I think bitcoin will go on to do very well but it's not replacing gold

thanks for the insight

> Uncertain times like now being with a splurge of the printing presses and quantitative easing and huge debts is when the govt will rob you blind

no, there is no money printing. The dollars that buy US treasuries already exist, the Federal Reserve then swap those treasuries for bank reserves

Notice I say bank reserves, not money, dollars, currency but bank reserves which can't be spent only lent against so aren't money

Banks are tightening loaning standards (check the h8 data) , low yields = tight money. There's not enough money circulating nor enough good collateral in the repo market

Please look into all this and don't perpetuate the money printing inflation myth

Gold is for times of fear - gold starting rising in 2018 the same time yields started falling because the smart money knew something was up and the economy was going bad; well things are looking vastly worse now than 2018..

In the March liquidity crisis what dropped the least and was bought back the fastest? you guessed it, gold

Copper is dependent on a good economy the same as oil, people are speculating atm for a recovery with the vaccine bu they're incredible optimists and dreaming, I wouldn't expect either to do great in the next couple years, gold on the other hand is probably set for a little move down then a huge one up.

I found a rock in my garden with moss growing in semi-circle, I will need to wait till spring to confirm with how many tadpoles there are in my pond but this is a clear sign price will actually go to 1.33

@Rubic yes saying something looks positive is fine

Patterns do develop and if price breaks out of them to the upside it is positive, that is healthy TA

What's not is someone like SaharaCharts tweeting price is going to £1 based on her charts.. it's insane

@WelshFalcon TA is great for certain things, it only seems like black arts because that's what some people warp it into and that's what I find such a shame

To be clear since you guys seem to think this is a diss at Paddy I'm disparaging the technical analysis, not him

Obviously Paddy is fantastic but that doesn't mean he knows anything about TA ( which clearly he doesn't otherwise he wouldn't RT hot garbage)

I see Paddy retweeting technical analysis on twitter and it leaves me frustrated to no end

Technical analysis can nbe used to work out where there are buyers and sellers are aka support/resistance . You can also use it to tell you if price is in a positive trend or negative trend, either in the short or long term

You cannot use technical analysis to say "price will go here because that's where I've drawn a line" sorry the world doesn't work like that, reality doesn't bend to where you want it to because you drew a line (often the lines aren't even accurate)

GGP price goes up because fantastic discoveries, drill results, positive news etc and big volume not because you read a chart like tea leaves

Sorry had to rant

I know you wont trust my opinion but pretty much all I've been doing this year is learning about macro and the monetary system

The dollar isn't going anywhere it's the world reserve currency, there are record sell positions against it atm when those get flipped it's going to strengthen like a mofo. Also you can't just look at DXY that's mostly euro and not a true representation, look at the trade weighted dollar produced by FRED

Any dollar collapse stories are hot garbage, gold is a hedge against fear, it's been rising since late 2018 because the smart money knew there were problems in the global monetary system and that's what led us to March 2020; it's also why yields started dropping late 2018

The dollar will be fine, gold will end up performing tremendously.

Hey come on, If GDXJ wasn't announced SP looked very likely to drop off and you would have felt like a genius

Picking tops and bottoms is impossible, you have to set take profit targets to derisk

GGP aren't isolated from the market, a crash could sink SP just like in March, there's always risk and you made the right move for you

If you're happy with the amount of money/risk and you're happy with the fundamentals but finding the SP upsetting just don't look at it? check back around the drill results or when you read big news

Short term SP being a little higher is just vanity, a little pat on the back, if you aren't planning on buying or selling at 12 or 15p then it doesn't really matter if it's 12 or 15p