@GoldTelegraph_
If and when, all countries will decide to repatriate all their own
#GOLD
reserves in their own vaults, we’ll realize that some quantities don’t exist. 😎
Good evening from
#Canada
, where a major LNG export terminal will open in 2025 at Kitimat - BC. The stakeholders of the project are Shell 40%, PETRONAS 25%, PetroChina 15%, Mitsubishi 15% and KOGAS 5%.
Cost of project: C$ 17 bln.
Production planned: 14 mln tonnes/ yr.
It’s not true that
#GOLD
price is around $2,400 currently thanks to the East.
The West have also participating to.
Without the West,
#GOLD
would be around $3,000.
@menlobear
@menlobear
: "A generous uncle says he'll send you $500k, but it can only be in 1 of the following forms:
1) cash
2) gold
3) Bitcoin
4) land
5) AAPL shares
6) any bond of your choice
Which do you pick & why?"
Question: i
Is the generous uncle from Nigeria ? 😅
@DebraG_Robins
@GoldTelegraph_
Curious coincidence 🧐😎:
1. "JPMorgan is the largest counterparty to the nickel trades of the Chinese tycoon caught in an unprecedented short squeeze"
2. "JPMorgan says it's hiring 'thousands of individuals with criminal backgrounds' amid the labor shortage"
@MichaelAArouet
1997: The Great Asian Financial Crisis, starting in Thailand, by collapsing of Thaï baht.
Like in 1997, we have in 2023 big outflows from EM, given an agressive FED's rate hike cycle.
In 1997 the financialization of world debt just started.
@GoldTelegraph_
#Canada
is home to almost half of the world’s publicly listed mining and mineral exploration companies: 1,348 co with $273.4 bln in assets. 🧐
@GrahamStephan
#LehmanBrothers
had about $400 bln CDS for $613 bln liabilities = 65%.
#CreditSuisse
has about $230 bln CDS for $705 bln liabilities = 33% (about 1/2 of 2008 Lehman's risk, taking only these numbers). 🧐
@donnelly_brent
I'm highly respect your view, but there is an elephant in our year room, which make impossible the rhymes btw 2013 and 2022. The elephant's name is INFLATION: 7% now vs 1,46% in 2013, 1,62% - 2014, 0,12% - 2015.
That's why, IMHO, the 2013-2015 TANTRUM is now, but before TAPER 🧐
25-bagger in
#GOLD
exploration is NOT always an utopia.
$SGD.V price is around $5,00 right now and was south of $0,20 when it changed its name. Only 30 months ago. 👇👇
I know a
#GOLD
explorer which will change its name soon and has a comparable land package as $SGD.V in 2021.🤐
It’s not the
#GOLD
price the main driver for the price of miners, but eventually the fresh money which comes into.
The more infusions like Stanley Drukenmiller entry in Barrick and Newmont are what we need. 👇
Our 3
#Mining
portfolios update, with shares quantity & average purchasing price, in descending order of investment value.
About $700,000 invested in 25 canadian small-cap & startup
#Mining
companies 👇
$GPAC.V: 500,000 x $0,72
$PEGA.V: 100,000 x $0,215
$SMN.V: 100,000 x
Gold juniors ( $GDXJ) seems more and more disconnected from
#GOLD
price and less resilient in last 3 years.
Or there is a large space to grow here for juniors. 👇
Let me wish today all the best, health and wealth to
@DonDurrett
, at his birthday.
By his experience, knowledge and input, but despite his look, he seems to be older than the mining market itself 😎
#GOLD
average closing price was never so high than in 2023, on annual basis.
$GDX and $GDXJ, like all junior exploration stocks, will finish by inhale this reality in their market prices, even if producers average AISC has increased by 10% yty, to $1,358/ oz . 👇 👇
@dankogaion
I'm surprised that only 42% of canadians support SOCIALISM, because I deeply think there are much more wanting to run on money made by others. 😎
@GoldTelegraph_
The 4 last steps of
#Canada
’s
#GOLD
reserve selling off was made at an average price south of $1,200, as follow:
Dec 2015: 41,106 oz
Jan 2016: 32,860 oz
Feb 2016: 21,851 oz
March 2016: 77 oz.
This means more than $115 mln. (US) net loss. In 8 years.
@GoldTelegraph_
BLACK SWANS are naturally found throughout southeast and southwest Australia and Tasmania. They, have also been introduced in Japan, among others. They prefer shallow lakes, ponds, swamps during breeding season. 😎😎👇
BREAKING NEWS:
JAPAN BOND DELIVERY FAILURES HIGHEST SINCE GLOBAL FINANCIAL CRISIS
This is absolutely wild.
The Bank of Japan is drying up liquidity after buying up everything.
@gaborgurbacs
@RonStoeferle
1971:
US new house: $25,200
US average rent: $150
It means 14 years of rent to pay a new house in 1971. (renovations not included)
2023:
US new house: $348,126
US average rent: $1,702
It means 17 years of rent to pay a new house in 2023. (renovations still not included)
My considered conclusion? The monetary system is blowing up. Nobody knows the correct price of anything. We are watching the currency fail in real time. 100 basis point Fed funds is not going to solve this. They are cooked.
More banks about to fail. Rumor is Mortgage giant Loan Depot is on the ropes. Regional banks and mortgage companies are falling. Please be careful. I would not believe anything Pres Biden, Fed Chairman Powell or Sec Treasury Yellin say. Think for yourself.
@TaviCosta
From a CFO perspective, financing the buybacks at negative real rate (as right now in the borrow market) could be considered an investment in your own business. 😎🧐
Canadian
#Gold
junior stock pick of the day 👇
1. Market cap $147 mln
2. Cash in hand $20 mln
3. Assets fait value $95 mln
4. Very friendly and
#Mining
dependant jurisdiction (Fiji)
5. Share structure practically non diluted (no warrants/ options strike before Sep 2025). 👇
Before you invest in $WRLG.v for the Madsen Mine, I would advise that you first review the history of the project when it was operated by Pure Gold Mining ($PGM.v) and evaluate the reasons PGM went to zero on the project...
Exactly 6 years ago, $KNT.TO had about the same management head duo (
@SluzCap
- president, John Lewins - CEO) as the young $FSX.V today (
@SluzCap
- CEO, John Lewins - director) and about the same sleeping stock price.
$KNT.TO is at 15 bagger today, after touching even 25,
One of my
#Mining
bets 👇
@WestRedLakeGold
/ $WRLG.V becomes the most spectacular Canadian
#GOLD
takeover target and the value of deal (next 24 months) will be around $1 bln.
Today market cap: $154 mln.
NEWS — FEB 7, 2024: West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m at North Austin Zone – Madsen Mine
READ:
$WRLG 🇨🇦
$WRLGF 🇺🇸
We have liquidated today the whole position in
@LeocorV
/ $LECR.CN (59% profit in 2 months), even we still think it's a deeply undervalued stock.
We have took position into
@KestrelGold
/ $KGC.V (200,000 shares x $0,03) by confidence and high consideration for
@Bernie_Kreft
.👇
No cash remaining, no profit to be taken and no moves expecting for a while 👇
Our 3 portfolios update, in descending ordre of investment value, with shares quantity and average buying price, as April 12, 2024:
$GPAC.V: 500,000 x $0,72
$PEGA.V: 100,000 x $0,215
$TAL.TO: 25,000
I'm in the process of building a portfolio with 10 small
#GOLD
stocks (explorers), currently at less than $5 mln in market cap and with 10 baggers potential x 1 year. I'm willing to put up to $100k in all.
Still being in buying mode, the list of stocks will be release shortly.
@ricwe123
@Kosmowithak
In all respect, this is a semantic error. 👇
#France
have the 4th largest
#GOLD
inventory, not reserves.
As in all
#commodities
cases, the reserves are under ground, the inventories are above.
Just saying... 👍
France has the fourth largest gold reserves, 2.436 tons
without a single gold mine in France.
Mali, which was occupied by France, does not have any gold reserves in its banks,although it has 860 gold mines and produces 50 tons per year.
How did France get all that gold?
🤔
@MichaelAArouet
@EdwardGofsky
The real mortgage rate in 2022 is NEGATIVE, meaning
#inflation
is paying the borrow. 👇
2005: inflation 3,39% vs 30 yrs mortgage 5,87%
2006: inflation 3,23% vs 30 yrs mortgage 6,41%
2022: inflation 8,4% (March 2022) vs 30 yrs mortgage 5%.
The chart could be misleading 👇
@jic_tvasports
Savourez, svp, les 9 secondes de silence entre
@JiCLajoie
et
@MarcbergevinG
, avec, sur l'écran, la photo de Price dans les bras de Marc. Ça dit plus que dans n'importe quelle langue et avec n'importe quels mots. Une silence assourdissante...
@minenergybiz
1. Permitting process more difficult
2. Lower grade, smaller access for drilling
3. Limited access to money
4. Labor shortage
5. Bad general image and social support
6. Small reinvestment of big producers 👇👇
@TaviCosta
I love
@TaviCosta
and he is one of my best inspiring sources, unavoidable in
#preciousmetals
industry.
I'm definitely a
#GOLD
bug, but sometimes it could rain during the parade, even if the context is different. 🤬
Friendly remind. The AISC of bigger 25 members of $GDX was around $1,300 in 2023 👇
$GDX companies need
#GOLD
price at:
- $2,415 to touch the same AISC margin as in 2020 ($938 in 2020 = $1,115 in 2023,
#inflation
adjusted)
- $2,205 for the same AISC margin as in 2011 ($666
Lobster Galley restaurant, Nova Scotia, amazing
#Canada
:
Local fresh fish, catch daily: $27.00
Local wine: $9.00
Local beer: $6.00
Local carrot cake: $8,00
Sainte Anne Bay through the window: ($) priceless 👇
BREAKING NEWS
THE UK TREASURY WILL HAND OVER £170 BILLION TO THE BANK OF ENGLAND TO OFFSET LOSSES FROM ITS BOND-BUYING SCHEME OVER THE COMING DECADE
Yes, £170 billion.
The hits keep coming.
I see the lights of Hollywood.
@TaviCosta
Ponderated with
#inflation
, the cost to mine
#Gold
doesn't really increase in the last decade. The technologie was improved faster than quality of deposits has decreased.
And
@TaviCosta
is talking about available deposits,
The
#Gold
miners didn't really invest in exploration.
Fraser Institute has just released its Annual
#Mining
jurisdictions TOP, as Investment Attractiveness Index:
1. Nevada
2. W. Australia
3. Saskatchewan
4. Newfoundland
5. Colorado
6. Northern Territory (CA)
7, Arizona
8. Quebec
9. S. Australia
10. Botswana
No difference between
#bitcoin
$ 1,000,000 price hysterics and
#GOLD
's $10,000 - $15,000 ones. Their delirium keeps new potential investors away from industry, attracting maybe some naives, temporarily.
Could we start by firstly talking about $1,900 - $2,000 in
#GOLD
price?
Been posting big evidence for many months that something big is brewing for
#preciousmetals
Very big picture, we have seen the 70´s bull, the 2000´ bull, and now we are in a final 3rd bull.
Gold 10 000 to 15 000 is next.
OPPORTUNITY OF A LIFETIME, still
#gold
#purchasingpower
This is the very first official day for our special "10/ 10/ 1" portfolio, meaning 10 penny
#Mining
stocks, for 10 bagger in 1 year.
Initially, this "10/ 10/ 1" portfolio contains 9 stocks and 1 cash position for $100,000 total investment.
The target is at least $400,000 in
@DerGoldreport
Don't forget Aug-10 !
"Who dumps 1299 contracts (4 tonnes) during a 1 minute period at 6:45 pm on a Sunday evening in August at $1755 per oz (worth US$ 228 million)? Who trades 2612 contracts over a 1 minute period at 6.48pm?"
Maybe
#Gold
bugs (me included) are frustrated because
#goldprice
is still playing at $2,000 revolving door, but do never forget and think deeply about whole gold industry 👇👇👇
the average closing price of
#Gold
, on annual basis, was never so high