gold, page-109341

Skol suggests selling everything except property and sticking it in the USD. Walk the talk, Skol.
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This is for everyone else. Parts of this mornings' communication.

Is it possible supply is falling faster than demand?

https://finance.yahoo.com/news/aluminum-warehouse-stocks-record-low-082749851.html

Meanwhile, back at the ranch, South African overall mining output has fallen over 9% in the last 12 months.

https://www.*****.com/news/2022-05-13/South-Africa-s-mining-sector-contracts-9-3-in-March-report.html

I think you will find Chile, Peru, Mexico and much of South America faring no better.

As commodity prices get pushed lower, output falls and the USD rises, Emerging Markets (EM’s) will be feeling the pain.
NOTE: why this might be happening is in the rest of the communication but only needs two words. Russian income.
Who gives a toss about collateral damage? There certainly won't be reparations and I am not talking about the invasion.

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Gold stocks have been massively oversold.

My Accumulation/Distribution charts for stocks like SLR are flat-lining, NOT going into distribution, which would be expected with these price falls.

One of the reasons – price falls are happening with lower volumes, with a good deal happening after-market.

Using SLR data, on the 28/4 (again) volume traded was 13m shares traded and price rose 4cents. The stock did open 17c below the previous close (the after-market factor).
NOTE: The 28/4 is when I believe the commodities smash began and WTI and Brent diverged. Now only $1 difference.

On Thursday, 7.4m SLR shares were traded for an 8c fall (recent low).

It is frustrating when off-market trading is having such an influence on price moves.

By the way, SLR has a double bottom and target of $3.37, provided it holds above $1.40.

There is some awesome value out there.

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In spite of all this, sentiment is telling me the bottom is in with the US gold price soon to follow.

Watch producer stock prices – they lead the market.

The crossover is in. Have a look at recent history for what is likely to happen, particularly from these levels.

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