As the proper macro fundamentals for gold mining grind into place… The real price of gold, as represented on the chart below by gold in relation to commodities, is constructive to have bottomed. As inflation expectations continue to fade with the Fed still in hawk mode this should continue, in order to confirm a bottom. A majority of gold bugs seem to think that gold … Continue reading Oncoming gold stock bull
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to gold stocks, Energy and the proper macro fundamentals for the gold mining sector: In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a … Continue reading Gold miners watch the “last inflated man standing” start to fail
What is happening to gold lately and today is heartening It’s been my favored scenario for becoming a gold stock bull. It goes like this… Inflation touts go over the top, include gold bug inflationists touting silver, copper, hogs, oil… gold! The Fed is not listening to anyone humping deflation. It is listening to the bond market and dead set on destruction… Inflationists are being … Continue reading Gold bugs, be not saddened
The best of times to come for gold (and gold miner) investors, if you’ve survived the worst of them Let’s let Charles Dickens teach us a few things about not only gold investing, but investing in general: “It was the best of times, it was the worst of times… “ It is now the best of times if you’re a gold bull who has somehow … Continue reading The “best of times” for gold (and the miners that leverage it)
Gold and gold miners have two completely different utilities Gold is… A pretty rock that is dug out of the ground. This heavy rock has been assigned value by humans since time immemorial. That value has been its stability as an asset, a refuge from the excesses of rampant speculation, the likes of which often visit stocks (e.g. climaxes in 2000, 2007 and 2022) and … Continue reading Gold is about value; the miners are a speculation upon ‘value’
As inflationary pressures ease, inflation-centric gold bugs do the wrong thing It is ridiculous, but they are out there, en masse. They buy gold stocks for the same reason they buy oil, copper and other cyclical and more inflation sensitive commodities. They are the inflationist gold bugs and they follow the dogma of their influencers, with no second level thinking. No critical thought or logic. … Continue reading Inflationists pressuring gold mining stocks
It has been a classic washout in the gold stock sector, but if positioned correctly opportunity is setting up The ‘macro’ and sector fundamentals have been incomplete (details beyond the scope of this article, but they are not the easy, low hanging fruit that many in the ‘gold adviser’ herd focus on). The technicals have advised a downtrend since mid-2020 with the exception of one … Continue reading Gold Bug survivors prepare to capitalize
The HUI Gold Bugs index continues to sink [edit] I think it’s worth adding that the risk vs. reward in quality gold miners is very positive now, regardless of price. RvR could take some time to be expressed, but that oversold reading plus those (likely) capitulating gold bugs spell positive risk/reward in the face of the almighty hawking Fed. And who is surprised? Well, you … Continue reading Huey’s cart of rocks headed downhill [w/ edit]
[edit] I did not see the point in holding it further. So I took an outstanding profit and moved on. Great Bear Royalties (GBRR.V/GBRBF) bought by Royal Gold (RGLD) On an otherwise nasty opening for my portfolio this week, the IRA is actually in the green because the best short-term case has happened for GBRR.V (GTBAF), one of the few gold stocks I decided to … Continue reading Best (short-term) case for Great Bear Royalties (GBRR.V) now a reality [w/ edit]
Who is surprised that the inflation bugs are selling gold stocks? Now a favored plan may be kicking into gear. That plan would see future buying from the miserable hands of those that listened to the loudest, most greed inspiring gold/inflation bugs at the gold websites, Twitter, Reddit forums and various other pump stations. If you bought gold stocks because… INFLATION! You bought wrong. It … Continue reading As inflation expectations continue to roll over, so do the gold miners
SSR Mining stock included in Russell 1000, gets clobbered [edit] Thanks to subscriber MM: “shut down main mine due to cyanide leak into water table.” I can’t find any other news other than SSRM’s inclusion in the Russell 1000 index. Only a gold stock could put on this kind of Keystone Cop routine on a positive news event that would drive up most other stocks … Continue reading SSRM: Only a gold stock… [w/ edit]
Sabina has the lower political risk, which ultimately meant lower total risk A few months ago I was considering funded gold mine developers Sabina Gold & Silver (SBB.TO/SGSVF) and Rio2 (RIO.V/RIOFF) and added and briefly held RIO due to some right minded fundamental input I got from a couple of people, who stated that RIO’s much shorter time to production was its advantage over SBB. … Continue reading The case of two gold mine developers
Ladies and Gentlemen, behold inflationist gold bugs’ handy work It never fails. On a day and during a week when industrial metals (incl. Doctor Copper), Agricultural commodities, outlier commodities and even the last inflated man standing, Energy commodities are down, and inflation expectations dropping so too are the gold miners. The same gold miners that should never be thought of as part of the inflation … Continue reading On a day when inflation trades sink, the gold miners sadly but predictably do too
Do not be these two things simultaneously; cyclical inflationist and fundamental gold mining bull Whereby I turn my word salad loose upon the world. After an opening with too many ‘ah’ and ‘you know’ moments, the salad seems to kick in well over the second half of the interview and the points made sounded clear enough. Thanks to Jordan (Daily Gold), who does not try … Continue reading A guy talks about gold/miners macro fundamentals
