Ann: Quarterly Activities Report, page-156

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11/08/21

08:02

Post #: 55189409
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Regarding the GP, there an interesting correlation between the GP and Bitcoin.

When Bitcoin started to slide, the GP went up quite a lot and now that Bitcoin has rebounded. the GP collapsed. Pretty simple balance at the moment.

Bitcoin is for some reason seen as a replacement for gold as a hedge against inflation - I can't see it personally that investing in thin air in a volatile crypto market is a good idea. Others obviously are taking that chance and probably making lots of money out of it.

Simple conclusion - GP will continue to slide if Bitcoin continues to strengthen.

Originally posted by Stormboy2: ↑

Some of us still have conviction in the Gold sector.

When you see the level of destruction coming to the two largest cities in the country, whilst MSM are calling for Rings of Steel to crush Sydney further. And today the same lunatics want to follow suit with Emergency Climate madness and this is now happening Globally.
How much red tape is going to be put in place to develop mines moving forward?
It only takes months to blow up the currency through QE and years and years to get the approval and energy use to pull it out of the ground. This is about to take a whole lot longer and alot harder to get new projects off the ground.
The Covid response plan the Gov is taking is crushing small business, nothing like we have seen in our lifetime. The compliance to remain in business from this response will be mind blowing.
if Covid popped up in 1990 pre Hi Tech and computers, would be be watching the same response today?
The world is beating to the drum of the WEF, WHO, IMF and Big Pharma. The world has changed and it's never going back IMO. There no thought of how or who is paying for this.

I can assure you we are very early on Gold. The central banks around the world are loading up to protect and hedge against fiat tanking in value. If asset bubbles and Gen equities pop, you will be holding on to Gold related investments with both hands. DCN for me is only the speculation vehicle from A to B.
At this time all sound money you hold that is denominated in USD protects you in the event the AUD sells off against the USD. When they reset our monetary system as it can't keep going like this, we are about to see another level of poor.
All this points to a much higher Gold price as people run for safety. A Gold price which I personally believe will be re-rated alot higher than it is today.
BTC might cut Gold's lunch but it certainly doesn't eat it at the BTC current market cap.

GLTAH.

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DCN Price at posting: 23.5¢ Sentiment: Buy Disclosure: Not Held
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Ann: Quarterly Activities Report, page-156

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

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