Ann: Exploration Decline Commences at Dalgaranga, page-108

Just saw this in an article - BMI just increased their forecast POG to $2,500 to $2,800 in coming months - they sort of missed the boat really as POG is already close to $2,700. But their view is POG will then drop every year until 2028 to $1,900 less than it was in 2023 and 2020 - yep it’s all downhill from here despite huge US debt and an out of control US deficit with BRICS buying gold hand over fist, BRICS trying to de-dollarise, possible BRICS currency 40% backed by gold, geo political risks, lots of drivers for higher inflation in future years (higher defence spending, on shoring of manufacturing, tariffs, deficits in copper, silver, and other industrial metals which will drive prices higher and inflation with it), etc- these things don’t seem to matter to these firms! Don’t these people notice that POG has climbed from about $250 to nearly $2,700 in the last 25 years - ie it’s going up like most things but according to them POG is only going in one direction - down down! Bloomberg consensus forecast for 2028 is $2,257 in 2028.

It is clear that these so called experts are blind to what is really happening and due to their forecasts it’s no wonder gold mining stocks are so undervalued even as POG is at record highs. These experts have to continually adjust their poor POG forecasts upwards numerous times. They basically have zilch credibility in forecasting future POG and silver.