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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (115962)	2/4/2024 1:22:59 PM
From: Rarebird	1 Recommendation Recommended By Sun Tzu Read Replies (1) \| Respond to of 116791

Now things are getting even more interesting: oilprice.com

To: Sun Tzu who wrote (115962)	2/4/2024 1:58:34 PM
From: Sultan	1 Recommendation Recommended By Sun Tzu Read Replies (2) \| Respond to of 116791

Attended couple of commodities shows last month.. Needless to say, Gold explorers and producers of all stripes were well presented.. Bullish sentiments.. Expectations at the Conference in general were, This year Gold will do well as the year progresses.. Also, US$ 2,000 this year should be a support level.. More or less.. A lot of gold companies out there with AISC cost of around $1,100 - 1,200 per oz or even a bit higher while the Gold is at $ 2k so fair bit of disconnect in terms of valuation.. Assumptions are this year interests rates will start to come down and USD will weaken.. On the fringes, arguments were also based on huge deficits, USD gradually but persistently losing reserve currency status, 2023 Big buys of Gold by Central Banks around the world etc. etc. Bur of course, nothing is imminent.. I continue to be invested in EQX and ARMN (US Symbols) and adding if weaken.. EQX because their production will increase significantly later in the year since a massive project is going in production and EQX owns 60% of it.. The project is already financed and mostly built and commissioning of the plant etc. is near term.. ARMN 2024 production projection #s are same as 2023, but 2025-2026 will go up since new mines are coming online.. But today, the valuation is cheap.. Market cap is less then 1 time Revenue.. There are of course a lot of other good names and plays.. From explorers to near term producers.. Well financed etc.. 2022/2023 was the year of Uranium which I completely missed so let's see where Gold ends up this year.. But since I am not trading these stocks, I plan to wait it out.. Just waiting for my number to come up.. :) FWIW..