Member Info for SteveJones999

This is the best summary explaining the nuances. It matters not when, if it's the latest info view, which it is.
https://edition.cnn.com/2023/02/23/economy/gdp-revision-us-economy

Well I hope so Tony- some of the other figures weren't showing much slowdown. It's a tight one at the moment.
And yes, that was good.

Not supportive of gold i think

Alas it is one that impacts the SP though and one that the markets use.
Every time the AISC goes up in the RNS, with all else being equal, the SP goes and down and vice-versa.

True if less high grade gold is found not if not.
AISC is deffo higher due to general inflation which will abate- and some costs will actually deflate

Thanks goldgnome and Tornadotony- very useful.
I'm still on inflation "top and drop" so i don't see stagflation but a drop soon as the FED will ensure this - but I also see data reflecting this and making its possible without .5 hikes- i hope I'm right!

Sotolo,
As above- with inflation dropping AISC will reduce a lot (it's well high at the mo) so an increased gold price will create a double positive whammy, along with the other positives in the CEY Pipeline.

Again, here's hoping, a strategy is only good when it's right but it's better thanks flipping a coin(I think!)!

Hi,
Does anyone have a view (maybe goldgnome?) on the implications of this on bullionvault if any of note?
"With gold prices falling almost $100 per ounce this month as longer-term US interest rates have jumped by half-a-percentage point, the market has had no sight of speculator or commercial-trader positioning for the last 4 weeks as Comex futures and options data from US regulator the CFTC continue to be delayed following a "cyber-related incident" at a third-party provider.""
I get the interest rate bit, just not the gold bit.

See the link for the entire bit for more context if needed:
"https://www.bullionvault.co.uk/gold-news/gold-etf-022120231"

I just wish people would state their rationale around any prediction of a rise or fall on the SP at the time they post. We will never all agree but at least post the reason- else it's a pointless post.

Well it needs to gain about ~2.25% to go blue today... so what are you using to think that this will occur today? This is not a criticism but an interested question.

And.... the key word ... "was"

Not much interpretation to do Mr T.
You can see my comments were referring to the doomsayers who bleat on a continued downturn in markets- and doesn't refer to most of the people in your comments- equally, even worse for people who followed their views as they've been doubled whammied by inflation recently, even more reason to ignore over the long:

Since last recession, approx:
S & P 500 = 450% gain
Dow Jones = 379% gain
Nikkei 225= 271% gain
Hang Seng= 75% gain
FTSE = 98% gain
DAX = 251%

To name a few :-).

Yes on Summers, this mirrors what I picked up from my feeds- I tend to see 0.5 less likely, as it's only been a month of this data, but I've no doubt the FED WILL push to 0.5 if they get much pushed as inflation is their to priority even at the expense of a mild recession. It's a very balance and so far so good over past 6months in my view, I lost count last summer of the number of "experts" who said "recession inevitable", "deep recession unavoidable", mind you these were the same people who said when COVID hit "recession will be worse than 1929", "no hiding", "real estate crash inevitable" and so on, and for years- well since the last recession when they've been bleating at every opportunity, they have been wrong and so many missed out on the massive gains everywhere in the past 15years as a result-

Thanks for reading goldgnome- on AISC, inflation has hit hard here too, and inflation in Egypt not good, caveat is that I'm not 100% clear on where all costs are billed from here.

https://www.miningreview.com/gold/centamins-sukari-the-best-is-yet-to-come/
https://seekingalpha.com/article/4578667-centamin-solid-cost-control-in-a-tough-year

Am not clear on the below Mr T, but what I think, in areas I understand:
As you know, for most of last year I was banging on the "top and drop" of inflation and any recession being a soft landing. This was occurring, however, recent data this calendar year has shown a slight stalling of "top drop" inflation element (proving a bit more "sticky") which has made the FED remain hawkish and dare I say some now questioning the 25bps being possibly too soon, and maybe a return to 50bps. I think this is unlikely despite these recent strong data points on economic data eg PPI, Jobs, job claims, retails sales and so on. The next FED meeting on next raise will be key as will it's interpretation by the markets. Of course, this is being reflected in gold.
The markets in general (mining aside), have, of course, responded well- as they do to good economic data- until they see the FED acting on a greater raise than priced in, which could happen also.
Time will tell, and watch those data points, the markets always react on data, and don't simply follow "the charts"...
Good luck all.

Muppet RSI misinformation and wrong again.
Today SP was flat, yesterday was ~+2.54%, so for him/her/they to claim the same is a lie.
So what happened to his/her/they predicted +2? Yep wrong again, either his/her/they "bull***it hammer" was misidentified or the "bull**it hammer" is just wrong... take your pick.
I've no idea why they have decided to clog this board with pointless bull***t, and even states he/she/they doesn't have any shares here- completely bizarre.
To keep my post polite, I used the a selection of pronouns, but apologise if he/she/they is in fact and it.

Take all sorts I guess.

In the title

Laughable Muppet RSI, pre fantasy but entertaining - your posts display what you are and joke is apt

No Master RSI no idea what UT means- this is evident in his comments - clueless

Lol- I noticed the triple salchow diverging with the arabesque crossing the reverse lutz, which means we're either in for a rise or fall in the medium or long or medium medium short long, depending on the cross over with the all important bean plant coming to fruition :-).