$40 cents club, page-111

First 111 Last

Share
Profile

Follow
MarkHGO

6,513 Posts.

565

28/05/23

11:25

Post #: 68000308
Share

Originally posted by MIStragic: ↑

Thanks Winmore for the acknowledgment - which post?

The current faux financial crisis around the debt ceiling is giving some support for the POG - after the inevitable settlement - now postponed a week, both sides will claim victory and Wall St will probably have a 'relief rally', which may take some steam out of the US$ POG - but will it affect the A$ POG ?
Don't be surprised if US$1900 support gets tested before another rally towards US$2100.

If the A$ POG loses less, and the inflation and other cost pressures moderate, the outlook for profitable gold producers will remain very positive.
As long as the A$ POG - AISC is greater than $600 all will be well, especially for those with no debt or excess hedging.
So, for me the crucial A$ POG support is A$2400 and this assumes costs at or below current levels.

This may not be reflected in the SP in the short term if the whole market retraces ... currently it's being held up by gross over speculation about A.I. stocks, and this bubble alone, wont be able to keep the market afloat at levels most serious pundits regard as (still) historically high.
The black swans are circling - will one or more land and sink the market ??

So, hold your nerve, Have some cash and Hold financially secure stocks ... like RED ... life goes on, this period of uncertainty will settle eventually - IMHO.

Expand

Indications are that the Aud will continue to be challenged:

http//audtoday.com/aud-to-usd-forecast

Surely that will help Aussie Gold companies!

I tripped over an article this morning that suggested AI will drive the Usd higher (the US particularly will benefit most) to the detriment of other currencies/countiries, suggesting the forecasts above for the Aud are optismistic!?

It all adds to the "uncertainty of the times" - when might some stabiltiy return & how might gold travel betweeen now & then?

RED Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Failure to report prompts ASX to impose multiple company suspensions

RCE

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

COD

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

IRE

Iress runs 'hot' for Wealth Within's stock tips

ACW

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