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It's way too early to call dai but I've been smiling reading some of the Gold rampers saying things like the 5th October 2023 will be remembered as an historic Gold bear trap and Talking about Gold 10-x bagging over the next decade as it did in the 1970's. (Think it moved from about $40 to $600 so 15 bags.

The super Gold bulls say that Golds value needs to ultimately be revalied to $45,000/oz to peg it back in line with the additional sovereign debt creation and that at that level the global fist currencies could once again be underpinned by their respective nations Gold holdings.

If you think that's bullish, you should look into the type of moves some of the Silver bulls have been calling.

All have so far been wrong.. lol.

But that 50 year silver chart is crazy and the Gold to silver ratio presently out of kilter.

That's why the Silver bulls are forever banging on about the suppression of the Silver market by the big banks as those same banks placed super long bets on the tech companies that's have done 10,000%+ gains and are some of the biggest buyers of Silver for use in their consumer electronics

I get the theory that had the Silver price been allowed to run then the profit margin on a mobile device or consumer electronics wouldn't be so strong.

If you were a cynical type....

Probably just need to wait for those same investment banks to go short on those big.tech firms.

Then watch Silver do a moon shot.

.... well that's what the Silver bulls say or something to that effect!

If you pull up the charts for most Gold producers

They put a low in on 5th October

The outliers are probably where the outsized gains can be found as the general sector recovers

Worth keeping an eye on those that have outperformed the sector bounce and due a pullback.

Also those that haven't yet rebounded as much as their peers. As that's where opportunity could be had.

The gold price rise continues a rebound from lows of $1,820 an ounce on Oct. 5--levels not seen since March this year--driven by elevated treasury yields as investors weigh the likelihood of one more interest-rate hike by the end of the year and amid ongoing hawkish sentiment from the Fed," they say. Berenberg's favored gold-mining stock names include Endeavour Mining, Hochschild Mining and Centamin.

The German bank has a buy rating on all three, with price targets of 2,400 pence, 130 pence and 147 pence, respectively.

Close enough Dai from the looks of things.

I love reading a good quality ramp.

However, I've very rarely witnessed such a desperate display of shamefull ramping as the pathetic effects over on that BB today.

Just embarrassing stuff imo

"they are the king of placings so would not hold for any decent length of time"

Yeah usually when the RRR morning ramp is on, it's best to be out by 11am .. lol.

On Friday all the traders were done at RRR by lunchtime

Looks like they are back for another bite of the cherry today :-)

Those charts for platinum/palladium/rodium look like a horror show atm.

All those metals that are required for the catalytic convertor marketplace.

I keep hearing that the move to electric vehicles is the reason why these metals prices have tanked.

That's not the full picture though as lithium and colbolt has also tanked.

So has iron ore.

In fact from what I've read hybrid cars require even more of the PGM's due to lower exhaust temperatures.

I think therefore it's more down to the general present malaise in global metals market

I'm wondering if this is about to see some share price shifting updates?

A few stale bulls over there as the SP has been battered down.

Announcements being planned and shareholders meetings and site tours Iin a few weeks time.

Sunday roast PR crew going to be covering things.

I got out the other week after the steam ran out of the back of the environmental report and mine start hack up RNS.

This will continue to be volatile and provide good trading opportunities as it'll act like a roller coaster depending on news flow.

Decent volume and momentum with He1 today..

Looking strong

Mentioned this one the other week when ORCA went on a rip from 2m market cap up to 20m of the back of their proposed farm in agreement and said something along the lines of MSMN should take note.

Well MSMN have announced their own farm in

Can they create the same level of excitement that ORCA did and get some momentum info their SP?

Ah, OK. Just spotted that it was a drill.

Not long to wait now for TD now that the rig is up and running

Also, they obviously can and will be using the field spectrometer

Suspect most of Friday's punters will have been hammering that sell button first thing.

Noticed they had to do a medevac. Not much detail around what for?

Background helium gas shows mentioned.

That's a big intra day move for Gold.

Gold Market closes in about 3hr 45m.

Who knows what's going to happen over the weekend ??

Israel military have put boots on the ground in Gaza in the past few minutes

Over 1 million ordered to evacuate by a deadline of midnight tonight.

Wtf...

How they gonna move a million people by midnight???

If you want to keep an eye on the price action for the US listed fund that it replicates

It's the GDXJ.

Volume is coming in nicely over in the US and will continue to trade after UK market close.

Yeah, I'd say that's correct assessment.

You benefit from the Gold tide lifting all ships.

But don't have the concentration risk of a single co that could have some curve ball news release.

When you add to this that the technicals looked right I'd say it was a good risk reward.

GDXJ was due a bounce anyway.

Macros have helped kick start it.

Good stuff Dai.

Gold tagged $1920/oz a few moments ago.

Uncertain few weeks ahead in the middle East

The UK’s Competition and Markets Authority (CMA) finally approved Microsoft’s acquisition of the company,

But despite approving the takeover, the CMA criticised Microsoft's conduct.

After the competition watchdog blocked the takeover earlier this year, Microsoft's president Brad Smith hit out at the CMA's decision, which it said was "bad for Britain".

CMA chief executive, Sarah Cardell, said: "Businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA.

"Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn't work. Dragging out proceedings in this way only wastes time and money."

But while a concession has been made, Microsoft will still control games such as Call of Duty, World of Warcraft, and Candy Crush that will provide the firm with huge revenues