SPR spartan resources limited

0.00%

$2.13

Gold and macro environment, page-485

First 485 Last

Share
Profile

Follow
captjohn

3,142 Posts.

340

23/10/24

13:43

Post #: 76262179
Share

Originally posted by calmbeforestorm: ↑

As POG has and will have a significant impact on the share price performance of SPR and all other gold stocks I thought it was worth starting a new thread. Macro economic issues and geopolitics will have a major impact on the POG so the threat aims to catch those issues.

The US budget deficit has recently been projected to be a bit over $1.9Tr up from $1.4tr a few months ago and would have been $2tr but for timing issues with some payments. this is 7% of GDP - the IMF estimate is 7.1% (rest of developed nations are 2%) and is quite critical of the inability of the US to address its deficit position. (https://www.ft.com/content/134cc7f3-f2df-43c9-b1b1-e58e6363781a).

I just noticed the chart below on USA Fed government interest payments on its debt - Q1 24- $1tr, projected to increase in Q1 25 assuming a reduction of 1.5% in interest rates, to $1.2tr or at current interest rates ie no change - Q1 25 - $1.7tr. Revenue is only circa $4.5tr maybe a bit more so project deficit is roughly like 25% to 35% of revenue - ouch that is seriously big . While the figures are from what looks like a reliable source I have not validated the projected figures (note they are not from the government - I find the government always under estimates the deficit in US).

If the Fed does not cuts interest the US debt is going to kill the budget and cause huge financial problems for the US and the rest of the world, crowd out borrowing by the private sector and increase interest rates. I cannot see this being negative for POG.

There are lots of issues bubbling away and a number of cracks developing in the background in the US and other countries that could lead to a crisis
- if they cracked it probably be significantly beneficial to the POG but with a likely short term significant dip in the POG before it moved a lot higher.

Will post details on some of these issues in subsequent posts - having been doing a lot of research on the macro picture as it has a major impact on POG - its all positive but will be volatile, even if interest rates head higher and the US dollar stays strong.

Based on my research of the macro issues I am very bullish for POG over the next 5 or so years and gold stocks are just a leveraged way of taking advantage of the POG increases.

Expand

Thx Calm...for heads up & your research into the,' bigger picture' for pog...
u reminded me to start setting stop loss levels again .& protect my capital especially for gaps down ...
I read your posts ...sometimes 2 or 3 times ...you're a wealth of information & experience IMO...
cheers

SPR Price at posting: $1.65 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASE

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

First 485 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.13		Change 0.000(0.00%)		Mkt cap ! $2.847B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Gold and macro environment, page-485

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Featured News

Featured News

Gold and macro environment, page-485

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Featured News

Featured News