Ann: Diggers and Dealers Mining Conference presentation, page-29

Thank you for sharing your thoughts.

“This is all about GP and is very general, not about individual companies .”

I agree that this is about GP generally at COMEX not about individual gold miners. For whatever reason, GP dropped sharply last Friday night. The drop seems disproportionate to the movement of bond rates and USD.

https://www.gold.org/goldhub/research/gold-market-commentary-july-2021

“Looking ahead: September is a historically positive month for gold returns

Investors often use seasonal patterns to find opportune entry and exit levels. This tends to hold true for gold on average, over time. Historical analysis suggests that after a statistically positive performance during January, gold returns tend to be mixed with no consistent pattern linked to seasonality but driven instead by underlying macroeconomic variables. That tends to change again towards the end of Q3 when various market forces align resulting in a historically strong period for gold.

Our analysis shows that gold has historically delivered positive returns during September with a confidence level just shy of 90% (Chart 3). This is likely driven by a combination of two trends: a period of strong demand linked to the Indian wedding season and other festivals in October and early November, and higher global investment activity following typically quieter summer months. As such, investors have often used August as an opportune time to add gold to their portfolios.

In addition, QaurumSM, our web-based valuation tool, suggests that there could still be upside for gold during 2021 based on various hypothetical macroeconomic scenarios.”

Based on the above, I can’t help to think that some big boys are manipulating GP at COMEX to take positions and those who have power to influence the local market would in turn take this perfect chance to accumulate quality gold stocks such as NST, EVN, RRL and RMS ahead of ex-dividend.