Member Info for Tornadotony

Decent close so only a little down on the day.

Barrick much higher now. Not catching a break here today, instead this stock has caught the measles all over. Better luck next week, I hope.

Retested support line area. To catch up with Barrick Gold needs to find 1731.

Again shows who is the boss here. Certainly not UK market.

Canadian close price last night is now valued at 1773p.

1747p Canadian close.

The gap is now closed as it 989.6p and any gap is now less than 0.5p is within a sell and buy spread. I fear something big unfolds in February, possibly mid to late Feb. In a liquidity event there is nowhere to go but cash and a crash move can appear with alarming speed. Stop losses do not always work that well. I only have two positions in my portfolio remaining and one of those is kept deliberately to make a loss and increase CGT allowance. My ISAs are now all in cash. At some point Donny will do something or his political party does something different and we may well see a major equity correction. What you do with your investments is up to you for decide.

The one company I am holding is Endeavour Mining. If you look at market screener on projected profit figures during the year you will see why i am holding. The last RNS on production gave a divi announcement of around 54 cents nearly 44p after 6 April payout. I believe gold goes to new highs in the summer.

All the best Tony

Nope.

This is not looking bad at all.

Https://www.barchart.com/stocks/quotes/EDV.LN/cheat-sheet

Holding on 12p for now. 100,000 bid for 12.15p on buy side. Market maker has stock to sell.

TX open moves from 1660 to 1648 on Canadian dollar devaluation. Open could face a blanket wide drop with baby thrown out with bath water. Rescue may come later in the delay when they work out which stocks not impacted by Trump tariffs like Endeavour.

When the penny drops that USA public debt still goes up as Republicans spend more and ignore Trump. USD goes way down. Will take awhile to work through but Gold eventually corrects even higher. Future is still with Endeavour Mining.

Back to 1.23 rate from 1.24. Endeavour earns money in USD. Should do okay. Overall earning as much as it was on Friday and should run flat, but TX market likely to get a blanket hit despite not earning any monies in Canada.

Closed higher at 1660p. Consolidated Thursday rally. Ready for next move up in theory.

Chart gap has reduced sharply and is now 987p to 990p. I have gone defensive by selling off for a few pence gain and holding all the dividend. My rationale is a full blown market retreat as rate yields are ignoring central banks and likely to go higher. Wish all holders the very best. Tony

Https://www.proactiveinvestors.co.uk/companies/news/1065359/endeavour-mining-unveils-largest-ever-dividend-as-production-finishes-strong-1065359.html

When they close those positions it will a huge short squeeze.

The decrease in debt overall adds 41 cents to the share price or around 33p. Lot to take in on the results but 98% production hit and the company warned it could be a small miss. The target for next year is more realistic. One mine was responsible for say 70% of the AISC miss. One mine over performed and 3 others hit targets. Canadian market close at 1578 area. A lot depends how they look at 2025 over a backward looking 2024. I sense the promise this year is more likely to be achieved.

At the peak it hit £2221 and closed at £2188 per ounce. Gold prices in pounds is quite something. A gold pound coin was sold £1700-£1800 range last March to buy in the market above the spot price and the quote for a coin today is £2284 above the spot price. To think Endeavour proved up 4M ounces in reserves as reported in December in just one gold mine field. Value wise that move on reserves was an extra £2B or $2.4B. The market has yet to take that development into consideration. Reserves and resources on the other 5 producing mines may arrive soon. Tony