yes, as someone said, they are both the fireman & the arsonist :-) :-)
yes, an increase in M2 of 40% !!!
good for Gold though :-) |
what a cretin ... Surely an 'independent' central bank should be much, much firmer with its advice / guidance to the government as to the consequence of their actions.
'the longer we wait to deal with is ...' these are the idiots that ran QE for far, far longer than they should have done and then didn't see the consequential & wholly inevitable rise in prices.
The correct defintion of inflation is an increase in the money supply (which they created) which then results in a general increase in the price for goods & services.
Price increases are the symptom.
Anyway, lets see if today's price action in Gold is the brief dip back / re-test of the $2,900 level to check for support. That would be entirely commonplace. |
he was also asked,,,, so long as you are FED Chairman,,, can you assure me that we will never have a central bank digital currency? answer, YES... |
Sounds like he is on the same page as Trump. Cut spending boost growth. That will cut the deficit. |
just watching FED's Powell being asked about the national & public debt, totalling over 120% of US GDP.... how concerned are you?
"the US federal budget is on an unsuitable path,,, it's not that the level of spending or the size of the debt itself is unsustainable,,, it's that the path is unsustainable, so, ultimately the the level of the debt will become unsustainable!!"
"the longer we wait to deal with this,,, the more painful it will be, but, it's up to congress to deal this fiscal issue,,, we leave that to them!!!"
sounded a bit like Private James Frazer,,, "doomed, we're all doomed" !!! |
well, we didn't quite make it,,, but, AAZ's share price does, at least, seem to be firming up :-) :-)
wishing all a fine evening :-)
Cheers
Wan :-) |
very firm online ... 115.8 to sell |
if anybody could get me the number for the samaritans i'd appreciate it, i've been filtered by a snowflake foetus 😂 |
2Sporrans, good assessment of where we are at this point. I agree with your sentiments regarding Demirli, as there are a number of issues to be resolved, namely tailings! |
2sorrans - what is your reasoning for Demerli ko 2026? This seems unduly pessimistic. |
It is my guess that Gilar will be producing by the end of April. |
RB
no cant argue. I find the whole position re builders odd, the government is constantly going on about huge plans to build houses but the builders are not responding to this open door invitation. I can only assume its lack of tradesmen to build the houses plus the rise in costs of materials making affordability even worse for buyers.
I have a similar head scratching issue with NG. I have bought there however but the plans the government have to massively increase the size and complexity of the grid is a huge positive for NG. who take a fee for managing any infrastructure but the share price is not doing much despite clear indications of increased income in the future.
Perhaps no one believes a word the current government says….. |
 Agreed Digger.
The brief mentions in the q4 RNS, 4 weeks back, left the production ko date vague:
"Development of the new Gilar underground mine is progressing well with the first development ore expected to be extracted in Q1 2025."
That read to me like first ores coming from the ramps and passages accessing the sweet zone, i.e. "development ore", probably some time in March.
The targetted stope production to follow in April, i.e. early Q2.
The rock is densely faulted and also seems to be very fractured, slowing down development progress. Further, difficulties with water and pumping it out, as i understand it.
These difficulties seem to be being overcome OK and the prize remains abundantly promising; ever moreso with the ongoing surges in POG & POC.
As ever it seems, great patience is called for.
Fwiw, Reza's words from those q4s:
" I am particularly encouraged by the progress at Gilar, where we anticipate first ore extraction later this first quarter."
Well, he probably would have omitted the "particularly", if there was anything brewing that would impact significantly upon the Gilar production 'run-rate', once it gets going.
Reza also had this to say about Demirli:
"....where multiple investigations are underway, with a view to restarting production. Drilling has now also confirmed a sufficient start-up resource for Demirli."
I remain of persuasion that production will ko 2026, hopefully H1, rather than 2025.
The share price does not seem to me to price in much for this, even allowing for a considerably elevated jurisdictional risk discount post July'23 and ensuing tailings facility travails.
When the juicy cashflow from Gilar comes on, it may be this fuels an acceleration in progress at Demirli.
I expect AAZ will make that a [an even] higher priority than earliest resumption of the dividend [at least a fat one] but wtfdik. |
On 10 October they said Gilar would come into production in December. It makes little sense |
When you read the recent RNS's to me it implied Gilar ore will be the back end of Q1. Well that's the feeling I got reading them. |
It would be nice to know the current status as regards Gilar, as we are now approaching half way through Q1 and still no news. Especially having moved from Q4/24. I appreciate its mining and unforeseen problems crop up, so hopefully nothing to be too concerned about at this stage. However, let’s have an update! |
Pogue did you see BWY this morning, still uninspiring to me. Whoopie do, c500 units extra, little price appreciation, no wonder it went down. Am I wrong? Tell me if I’m missing something you see. |
FRG waking up this morning, for anybody who missed my post yesterday very bullish note on them here at 55.20, well worth a listen. |
at this rate, the market might be paying 120p for decent chunks of AAZ later on today :-) :-) |
Don't like to get involved in tiffs, but have to agree with you jamiedodge. There's only so much one can read about endless good deeds (which I don't!). |
free stock charts from uk.advfn.com
another GAP to keep an eye on!! |
:D
Looks like thiopia hit a nerve. Ah, foetus, he does add to the board, admittedly only laughs but he’s got the measure of “wiggle wiggle” and that’s amusing.
There won’t be anyone reading anyone soon.
A lot of very serious people. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
