Positions as of 28 November, 2023
Mid-tier gold miners reported a spectacular quarter, winning against inflation, mining costs back lower; combined with higher gold prices made for enormous earnings growth.
The next leg of the gold stock bull market is in play amid confusion, misunderstanding and noise.
Charlie Munger was no fan of gold or silver, stating that he had no interest in it. I suspect this approach resulted in many institutional investors avoiding gold and silver.
The irrationality of the market is particularly notable in how it chooses to overlook in its pricing the only thing that could possibly get the Fed to cut rates even if inflation stops — a recession.
Presented by Lead-Lag Live, Peter Spina interviewed by Michael Gayed episode offers a comprehensive look at the current trends in gold investments and how they are shaping the future of the market.
These ratio charts could scarcely look more bullish for the PMs sector than they do now and this being the case it is perfectly in order for us to be raving bullish on the sector now and since..
CEO Melbye believes that nuclear power is gaining wider acceptance, and the market is transitioning from oversupply to a pressing need for new production.
CEO Kilofliski: "The project's boasting one of the highest great gold mines in Western Canada, roughly about 11.6 to 12 grams per ton. We're able to afford the high cost of operating in such a part of the world."
The pattern is one of bullish; there's higher lows and higher highs. The market to me as I said yesterday, I think it's got clear sailing here.
