QT has already started a few months ago (reverse monetary policy)

First 12 Last

Share
Profile

Follow
Ando85

102 Posts.

14

08/07/22

10:02

Post #: 62435978
Share

Originally posted by Jack1960: ↑

When rates rise sharply and asset prices fall steeply, there is usually nowhere to hide. Anything liquid gets sold off, including physical gold and the broader commodity complex.

I don't see anything new here that has not happened once or twice a decade since the 1970's.

I could very easily be wrong, but expect a global broad based sell off of everything in the order of a further 10% - 20% until something breaks probably in Q4, then the bankers will stop their heroics about inflation, reverse monetary policy and try to cushion the downside.

I am accumulating NCM at current prices, expecting it to get cheaper, but not certain. Either way, looking 18 months out, I can only imagine a $15 - $20 entry point will look good for this 2020s cycle. It was only 7 or 8 years ago my core position was built well under $10 and $30 was just too good a price for me not to sell a few. I simply didn't sell enough and will live with that error.

Most gold miners are in excellent financial shape and operating very profitably at current POG. They are really good reasons to go long and ride out the downward bumps along the way. There'll be some M&A amongst the junior producers, if they get cheap enough. You can count on that. NCM will be a predator but you can take your pick amongst 4 or 5 good mid tier miners that could be taken out in a heart beat over the next 12 months.

Hang tight to NCM it is Australia's biggest and best in this space.

GLTASH

Expand

QT has already started a few months ago (reverse monetary policy)

NCM Price at posting: $19.75 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

There are more pages in this discussion • 288 more messages in this thread...

First 12 Last

Add NCM (ASX) to my watchlist

QT has already started a few months ago (reverse monetary policy)

Top Stories

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

Featured News