Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SUMMARY
- The recent rally in gold prices is not the result of increased gold ETF flows, contrary to previous rallies.
- The new marginal buyers of gold are central banks and retail customers, especially from emerging countries.
- Gold has found a renewed role in the world monetary system, offering an important form of reserve diversification to central banks.
- Gold could play an even larger role in the emerging multipolar world, as collateral to facilitate transactions outside the SWIFT system.
- While a retracement after the recent rally is possible, a strong allocation to physical gold remains prudent. The real opportunity now is, however, in miners...
https://seekingalpha.com/article/4682765-gold-long-term-trend-up-real-opportunity-now-is-in-miners
,,,,Ignore the 'Not'. I don't know where that came from!
An interesting rise today. It doesn't appear, not currently anyway, as another WSBN 'pump & dump', where you'd expect to see a slow move south again by now. It looks like anyone bailing out, thinking that it is, is having their shares bought up.
I guess only time will tell, as usual, but it'd be nice to see a sustained, ongoing buy this week...
Not
Already intraday high today at another record @ $2354, backing off a bit to current $2345...
As I've said before, IMHO, this is going to be a big factor over the next few weeks, but especially if the POG continues upwards. Like everything else, there's no certainty on that, and I tend to ignore the numerous posts from the 'experts', who, just because they have online coverage, doesn't meant that they're right! I'll read them, but they're unlikely to sway me, in any major way, one way, or another.
That all said, and as I've said for a few weeks now, IMHO, I think we're more than likely to see a closer correlation between the POG & gold miners/explorers in the near future, possibly imminent! Then, watch out! Why? Because the retail market, and institutional, tend to act like sheep.
Then, I'll also be honest, any shorters may well lose their shirts, and, quite frankly, that'll probably give me as much pleasure, as the sp gains that will also follow!
GLA& DYOR!
A lot of truth in that wiltshireman! Seen it, done it, got the T-shirt!
There's a lot of sheep mentality in the financial markets, both in retail and institutions.
When they figure it out, boom!
Indeed, and in this case, it probably won't just be a case of.....
https://i.makeagif.com/media/7-01-2016/18jIxJ.mp4
IMHO, the markets must surely, soon now, correlate this more fully with the gold mining/explorer market. It can;t be ignored forever, but, when it does, as in so many cases, the effects will be large, and probably quick too!
Another intraday record high @ $2322...
For sure we'll know it's 'the turn', when the usual suspects, and their latest new mates who've turned up over the past few days, crawl back under their rock, some never to be seen again!
...and Liam, of course!
Many thanks Dip!
$2305 intraday high so far today...
LMAO! Just when you thought they'd all crawled out from under their de-ramping stone, they send another one in!
@ Itsouthere Nice to see that even you believe we'll get an upswing! From you, that's incredible!
Sadly though, you fail to understand that, when we have the, inevitable, big upswing, you won't be able to get in. Your computer, and the MM's will say "No"! You'll be left wondering what happened, as the sp rises! Good luck!
Indeed Chuffchuff, you only have to read through the current crap, from numerous posters, who've either never posted on here before, or rarely in the past, to see how obvious their intentions are. It's nothing new, and anyone with any sense will see that it's just yet more pointless de-ramping, from ignorant clowns!
Plode, you really are the most illogical investor (If you really are?) to ever post on here!
You say that you're invested, but continually, regularly, but only when the sp is falling, deride, and de-ramp the company!
For once in your de-ramping life, why don't you actually come straight, and let us all know, exactly, what your current position is in GGP stock, and why, exactly, you consistently want to force the SP lower?!
Thanks Yuri, but, IMHO, you're just another classic example of someone who's clueless about the mining industry, but especially Greatland Gold, or just another de-ramper. Care to say which?
As others have said, and I've seen it all before in my nearly 50 years of investing, it's clear that desperation is increasingly rattling some investors. Many will give up and sell. That's absolutely normal.
Sure, as a GGP investor for many years now, it's not a great picture right now, and I'm as frustrated as any, but, IMHO, this is a perfect time to invest, or top up.
I won't post quotes from Warren Buffett about the time to buy, but, what I do know, I'm sure, is that when the SP rockets up, as it inevitably will, later this year, we can expect the usual comments on here of "I just wish I'd bought at the ludicrously low sp when it was at XX"
"Risk & reward" has always been the case, with any mining, but especially exploration stock, and anyone investing without understanding that risk could be calssed an ignorant, sorry, but true!
You pays your money and you takes your choice, but, please stop moaning!
However, having said that, the moaners (de-rampers?), and we all know who they are, don't even seem to be investors in GGP anyway? So, after many months, ney years, of their posts on here, I still don;t get it!
Just as a reminded, I posted this when Newmont brought out their company MRE updates.
IMHO, it's increasingly interesting in relation to the current, soaring, POG, and any gold mining company assets:, although there are several assumptions to make. But, generally, a rising gold price will correlate with reserve value.
GOLD RESERVE SENSITIVITY
A $100 increase in gold price would result in an approximate 5 percent increase in gold reserves while a $100 decrease in gold price would result in an approximate 6 percent decrease in gold reserves. These sensitivities assume an oil price of $75 per barrel (WTI), Australian dollar exchange rate of $0.70 and Canadian dollar exchange rate of $0.75. These sensitivities assume all other inputs remain equal, including all cost and capital assumptions, which may also have a material impact on these approximate estimates.
https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-2023-Mineral-Reserves-for-Integrated-Company-of-136-Million-Gold-Ounces-with-Robust-Copper-Optionality-of-30-Billion-Pounds/default.aspx