NST vs POG, page-18

My 2c

Simon says. The market maker said so. Note the Notice of change in sub shareholder notice recently.

State Street have US$4t in Assets Under Management. The Vanguard Group has over US$10t in AUM and BlackRock, the 4th branch of US Government more again. A recent AFR article said TVG and BR own over 10% of the ASX.




The BOD is reporting production in line with expectations. Growth plan in action (contributing to current high AICs) to progress total production by 25% and reduce AISCs by 25% over the next 4 years.

At the last Conference Call, the CFO sounded like he'd just jumped out of a Lambo, with 2 models under each arm and popped some Champagne, as he talked of NST cash earnings and the potential for Dividends.

The OzPOG remains great. The share price of Gold equities are responding to the movements in the US$POG ... and in line with world major miners and ETFs.

The US$POG is responding to the strength of the US$.

The US$ is responding to the expectation of increased interest rates ... and yet Powell did NOTHING.

The US 10 Yr T Bond is up over 1.9% now. Jay Powell is threatening four 0.25% interest rate hikes in CY22. That's not going to correct negative real yields, when the real inflation rate is near 15%.




QE is still happening, the last being Feb22. It takes up to one more year for that liquidity to filter through the system. QT is still just hot air.

"Milton Friedman thought Inflation is a printing press phenomenon. He spend his life trying to prove that there had never been in history a monetary supply growth without being followed by inflation. ... Friedman said that citizens end up paying it, and the way they pay it is a tax called inflation"

In summary, the Company is progressing well at the micro level but macro factors are causing the market makers to b!tchslap the entire world Gold Sector. Meanwhile anything that is even remotely ESG is trading at prohibitive multiples ... and often of nothing. Such is the world we live in today. 2022 or 1929?

GDX up 2.96% last night.
Barrick up 2.03% last night.
Newmont up 4.00% last night.
HUI up 3.52% last night.

Should be a good day today for Oz Gold equities.