Member Info for nimrod22

A punt; and looking at the buys and sells many others have thought the same.

"China’s central bank extends gold-buying streak for seventh month

The People’s Bank of China added 60,000 troy ounces of the metal to its reserves last month."

Https://www.mining.com/platinum-price-surges-to-highest-since-2021-as-market-tightens/

A tough day trying to choose which of my Canadia/UK Gold shares to sell (they have all done well) so as to release cash and buy into the PGMs price surge which looks to last a while.

Https://www.mining.com/web/golds-cheaper-precious-metal-peers-surge-to-multi-year-highs/

There maybe trades that have not been shown; I have been called out in the past for comments re a trade which did not appear for several days. "While immediate reporting is the norm, there isn't a specific timeframe for declaring a share trade on AIM beyond ensuring prompt notification to the LSE."

A vauge situation that is open to manipulation, but part of AIM's looser governance.

Badly bitten when the mine was run by Wolf (no pun intended); I'd suggest there are safer Tungsten alternatives such as Almonty Industries Inc (AII:Toronto exchange). You may buy Canadian shares and hold in a UK share ISA. Allmonty shareprice is up 360% over the last 12 months. They have a registration in Australia and are obtaining another in the USA. They have mining operations in four countries and existing contracts to supply US government. Two days ago they appointed US National Security And Defense Logistics Leader Alan Estevez To The Board Of Directors. Still cheap at C$3.13.

SRB didn't move much higher today, the results looked good to me. The Canadian Gold miners are much more fun at the moment!

Https://www.mining.com/gold-is-only-getting-started-says-canaccords-currie/

Https://www.mining.com/video/john-ing-4000-gold-is-a-realistic-target-amid-us-fiscal-chaos/

Could easily be much higher with the Dollar begining to loose its appeal, with many countries feeling overreach of USA and its huge debt issues.

Https://www.mining.com/web/china-gold-imports-surge-to-11-month-high-despite-record-prices/

Looking at the RSI graph, it appears there is room for a rise in share price. Much happening with Gold shares today on the TSE Toronto stock market; I've a whole bunch of them. Andean Precious Metals (APM) is first out of 431 companies for EPS growth, estimated to be 390% for 2025, and passes fine long screens on stockped.. all at a forward P/E of 3. A couple of other goodies are Aris Mining (ARIS) and Aura Minerals (ORA). Looks as if Gold mining companies still have some legs to run, despite probable corrections to come.

"In a note on Wednesday, they laid out a scenario where gold would hit $6,000 per ounce by 2029, an 80% jump from the current price of about $3,300. If just 0.5% of foreign-held U.S. assets are reallocated to gold, that would result in 18% annual returns and eventually send prices to $6,000, JPMorgan estimated."

https://fortune.com/2025/05/10/gold-price-outlook-6000-foreign-investors-us-asset-rotation/

Https://www.mining.com/gold-price-rallies-to-two-week-high-as-china-resumes-trading/

"JPMorgan analysts expect gold prices to average $3,675/oz. by the fourth quarter of 2025, and at $4,000 by Q2 2026

Canadian and US Gold miners are up today as expected, UK tomorrow. The comment below re first qtr being the lowest with more to follow.

Brokerage Stifel expects gold to continue to serve as a hedge against geopolitical, inflation and systemic risks.

For Canadian miners, "we see Q1 as the "low watermark" for the year with higher production in the remainder quarters pairing with the gold price that so far in Q2 have stayed above $3,000/oz," brokerage says.

The Basel 3.1 Policy on Banks and Gold further increase the demand for Gold? Start date in July 2025.

The dips

Open Pit mining:

Low grade 0 - 0.5 gold grams per tonne

Average grade 0.5 - 1.5 gold grams per tonne

High grade 1.5 + gold grams per tonne

Underground Mine:

Low grade 0 - 5 gold grams per tonne

Average grade 5 - 8 gold grams per tonne

High grade 8 + gold grams per tonne

'Bonanza' grade Troy Ounces (31.1 grams) per tonne

Only problem with THX is that everything looks too good! As Loudspeaker hinted at re AIM comment, I'd avoid betting the farm on it.