Member Info for schlemiel

I reckon Firetrail are still offloading (500k's?)

Ever heard of the 'Gold Return Attribution Model (GRAM)? No, me neither :

''According to our Gold Return Attribution Model (GRAM), euro strength and thus US dollar weakness was once again a key driver of gold’s performance, alongside an increase in geopolitical risk capturing tariff fears (Chart 1). Gold ETF buying continued apace in March with all regions contributing. US funds led the charge with US$6bn (67t) of net inflows followed by Europe then Asia with approximately US$1bn each. While ETF flows were positive, COMEX futures declined marginally by US$400mn (5t) likely on profit taking.''

https://www.gold.org/goldhub/research/gold-market-commentary-march-2025

Well, Federated just keeps offloading. No wonder the price is as flat as a witch's proverbial

Cutting its position

Nm

Cutting its position - it is they who is responsible for the price weakness

Oh, I see..thanks for that Bazza

Across all commodities and indexes..what the hell?

'Dakota Gold screens especially well. Gmining less so given its strong share price performance. We like GGP, with imminent big cashflow generation from Telfer, its low costs, and a management team which has successfully delivered on asset consolidation and optimisations in the past. Equinox gold offers large leverage to the gold price, but prices-in a higher gold price comparatively and the market awaits the outcome of the merger. McEwen has had operational issues in the past few years, but at these gold prices, the business should surprise to the upside and with potentially, transformational additional upside from its copper asset.'

The EU, Macron and Van Der Gobsh*te are very quiet about their buddy in Istanbul as Erdogan goes about his campaign to silence, imprison and destroy all political competition. Same in France. Same in Germany. Democracy? Do me a fluckin' favour.

''The real reason for this is the fact precious metals aren’t allowed to show their position as safe havens

Gold is the anti-dollar (since 1971) and needs to be hold in check, especially during a crisis, to avoid a gold rush

That’s why gold first declined 30% during the Lehman crash ($1000 to $700), however jumped 3x soon after ($700 to $1920)''

'I have been following the behavior of gold and silver during all crisis in the last 27 years (and have been a large bullion dealer myself between 2008-2011)

The precious metals almost always declined together with the stock market initially

Wall Street/CNBC will always spin/blame this on margins calls ..

They will NEVER EVER show you the waves of paper-futures-selling on the COMEX (aka CRIMEX)

Here’s proof of the record amount of futures sold in both Gold and Silver during the last few days

(Margin-call-selling would show a different pattern, and would have a delay of a few days)'

https://x.com/wmiddelkoop/status/1909142579964182952

I love these markets especially if you've got access to cash...I tell you what was madness, people buying GGP at 30p!!

I added a lowly 10k at .1068

By 'eck that's a belter

Imho Trump is irrelevant. The market always involves risk (at all times. 2008 (Obama), 2020 (Biden) and 2025 (Trump)) the risk of losing one's entire asset holding.

Best to accept the risk of holding equity, accept the responsibility of holding risk assets.

As an investor our job is to manage risk in response to all market conditions...Trump, Obama, Biden etc are irrelevant.

The board is indeed blessed to have people like Bamps and Element1 proffering up their insights...thanks

Interesting take on gold's recent pummelling by 'da boyz' who I suspect are JP Morgan

'Ed Steer is one of the best-informed gold analysts IMHO

His comment about the attack on gold (and silver) by 'da boyz' (aka the usual Wall Street suspects)'

https://x.com/wmiddelkoop/status/1908780974722134329

Https://thatstocksguy.substack.com/p/the-market-has-crashed

Great article thanks to Mr Archer on this very issue.

I'm not adding on Monday, gonna wait until Trump's actions have been fully absorbed. I believe we will be seeing selling into strength but the turn will come and when it does it should be profitable.

GGP have an update in the not too distant future as well so let's hope we see a confluence of bullish events. A cut in US rates may come as well to counteract any possible threat of recessionary pressures though if tariffs push up prices then the FED may go the way to manage that situation as well...it's all up in the air to see which way it will go.

GGP can only do what is under its own control and let the gold price find its own level but fingers crossed the FED cut rates, that at least should provide support for gold.

I know one thing, GGP at lower levels should attract decent buying which is why so many love the stock

Amongst other factors. Run for the hills mentality, sell everything and cover your backsides, for now