Member Info for nimrod22

Good buying in point with present dip

Shares that I have are showing gains in pre-market trading.

Https://www.miningnews.net/dryblower/opinion-articles/4526467/lot-happened-gold-changed-dryblower?utm_campaign=MNN%20FinalCall%20-%20FEB%2002%202026%20-%2006%3A26%3A16%20UTC&utm_content=A%20lot%20just%20happened%20with%20gold%2C%20but%20nothing%20changed%20%E2%80%94%20Dryblower&utm_term=&utm_medium=email&utm_source=Adestra

In commentary published on Saturday in Qiushi, the ruling communist party’s flagship ideology journal.

As referenced by me on 25th January re China and reserve currency status. I guess they have managed to accumulate the Gold that they need to support this and will make a "Surprise" announcement that they have much more than they have ever declared before (much like USA at Bretton Woods, he who pays the piper calls the tune) .

Https://www.youtube.com/watch?v=WCqeTZniq1A

Wouldn't worry too much. Those that have only just bought in chasing the news will be unhappy; everybody else will accept that a correction is in evitable. My favourite Canadian share Santacruz Silver Mining is down 14% today, BUT as it has risen 1,098% in the last year I guess I'll live with that. There will be an overshoot to the down side which will be a good buying point for some, but difficult to catch as we all know.

Https://www.mining.com/web/chinas-precious-metals-frenzy-sparks-protest-as-risks-grow/

Https://www.mining.com/web/citi-sees-silver-surging-to-150-as-china-buying-still-has-legs/

The New Case for Gold – 28 Nov. 2019 by James Rickards. Although six years old its valid as to most of what's happening at the moment, and has a lot on the Chinese reasons for amassing Gold (mostly undeclared). One day China will want to have all the advantages of being the main reserve currency and will need the Gold reserves behind them to do this. China is not able to do this at present as their markets are not completly open and still lack the depth of liquidity required. At present there are all the other reasons, such as USA weaponising the Dollar against Russia, Dollar devaluing, central bank and retail buying etc.

Buy on the dips. Goldman Sachs has raised Gold target to $5,400 for this year.

Goldman Sachs says Gold ups target to $5,400 this year

Https://uk.finance.yahoo.com/news/gold-price-trump-greenland-oil-pound-davos-092535662.html

Up 290% since March last year on first buy.

$100 an ounce by Friday, or maybe Thursday !!

Https://www.mining.com/banks-remain-bullish-on-gold-price-as-morgan-stanley-sets-4800-target/

Bought another 4,121 shares as the share price is set to motor on upwards.

I will buy back in to Kefi when something is actually happening. Meanwhile all the Gold/Platinum/Copper miners are ramping up their shareprices with real profits. The latest RNS is a cash call ahoy. Pointless missing out on the gains to be made elsewhere.

Up 6.2% today,

I'm assuming the shareprice of MTL has been flat for the last 6 months due to folks waiting on the new mine development. There are plenty of miners out there today making fast gains, and punters will return once the new operation has production.

But looks as if it could be a roll in the making, with little downside.