Pog stabilising around $2,400 again and we’ve got confirmation...

Pog stabilising around $2,400 again and we’ve got confirmation that PBoC continued to refrain from buying in July.

I’m of the view that PoG will remain at these levels and likely blow plast $2,500 in the next 6 months and possibly touch $2,600 mid next year as we get deep into the rate cutting cycle.

I think the PBoC decision to pause due to price back in may is short sighted and they’ll end up paying more and potentially provide another PoG catalyst allowing gold prices to overshoot.

Provides the perfect back drop for SPR’s emerging world class resource. Why look elsewhere at inferior resources or assets in risky jurisdictions? Spr is the real deal. Just need some patience. Good things come to those..

Bullish.