Correct, gold prices are the shining light right now while we...

Correct, gold prices are the shining light right now while we continue to wait for an operational price-sensitive announcement which hits the ball out of the park for DRE. It will eventually come at some stage in 2024 IMO, but we just need a bit of luck and those annoying fires and rain to go away! Some consistent drilling would be nice too! This announcement was far from hitting the ball out of the park, but the market is already factoring us in as consistently underperforming so that's why we did not drop much. This is what happens when you hit oversold territory. This means the upside is massive from a share price perspective when we actually do get some big news and results above expectations.

Unfortunately, I am not on the same page as everyone else here who thinks interest rates will start dropping and the world will be a better place. Inflation is still way too hot for my liking. Any sort of minor month on month change is manipulated heavily anyway - To make it seem like its dropping but taken from other timelines or datasets, it is not dropping at all. Look into how statistics can be heavily distorted and you will understand this. The best way to understand if inflation is still hot is to take away all the datapoints of governments and all their rhetoric, look at what you pay right now and what you used to pay for those items across the board. I think its clear that inflation has not dropped! We have a major US election in just over 6 months' time. We have to expect continued manipulation and lies. We have seen it all through Covid, all through Ukraine and the Gaza conflicts. Anyone who thinks these dodgy psychological tactics from governments around the globe will suddenly stop now has rocks in their head imo. They need to continue to target the public and keep kicking the can down the road. What is it now...? Almost 2 years we have heard that rates are dropping and are just around the corner. They use the corporate media who are aligned with the government to keep these articles coming and keep bait in front of those who are easily swayed - basically 80% of the public if you go by a certain something forced by the government in recent years.

They just keep kicking the can down the road, making outlandish promises to the electorate, keep them thinking property conditions are the best they have ever been (just before a "rate drop"), then they add in record immigration driving up costs of everything (including property prices) and you wonder why more risky stocks on the ASX are at all time lows... Basically every low cap minerals explorer on the ASX is in the same boat unless they got lucky with a major cashed up investor, institutional interest or takeover interest. There are not many of them right now!

From memory it is something like out of the previous 12 times rates pivoted and decreased, the following chart trends showed that 9 times gold prices gained, 3 times gold prices dropped. Crazy things have been happening lately which do not align with historical trends, who is to say gold prices do not drop if rates start dropping?! Perhaps it ends up being 9:4. I think we have to ignore any potential rate rise/fall conversation for now and focus on the factors creating buoyant gold prices now. It all looks incredibly positive for gold even if rates keep getting held steady IMO.