Hummingbird Resources Share Discussion Threads

[lowtrawler] 11/5/2021 12:47

It's interesting that worries over inflation have caused all shares to fall, including commodities and gold. At least it provides a last buying opportunity before lift-off.

[lowtrawler] 11/5/2021 12:10

The UK and major economies have never had hyper-inflation - defined as prices rising by more than 50% each month. I think it's unlikely we will get to anywhere near those levels. I can see a return to double digit inflation i.e. 10% each year but hyper-inflation is 1,300% each year. Surely nobody thinks we will reach those levels?

[johnhemming] 11/5/2021 10:41

We can have inflation without completely undermining the currency with hyperinflation. On the other hand if the state continues issuing large amounts of money when inflation kicks off hyperinflation is a likely outcome.

At the moment I expect inflation, but not hyperinflation.

[golden prospect] 11/5/2021 10:19

High volumes up and low volume pullbacks should make for a great recovery

Hope GPPM are adding at these levels.

[charlieeee] 11/5/2021 10:12

Better than hoped for reduction: no longer a mountain, just a molehill left, particularly if POG continues to climb.

[plat hunter] 11/5/2021 10:07

We'll we're blind now then unless they add back to above 3%

[kalkaar] 11/5/2021 09:48

confirmed: sustainable reduced to 2.56% from 3.98%

[johnhemming] 11/5/2021 06:43

There are, however, lots of trades at the centre of the spread.

[plat hunter] 10/5/2021 22:18

Net buy volume totals 10.7 million over the last 3 sessions, someone's adding John.

[jbravo2] 10/5/2021 21:22

Oh border, we’re not all as green as we are cabbage looking.
So long as you never make money here you’ll be happy. Some of the rest of us play the game differently.
Signs are a leg up is coming here.
Debt free and mkt cap of 80m? 100k+ oz?
Ridiculous and it can’t last. Looking for a single bagger, not too much to ask?

[bikwik] 10/5/2021 19:39

Further to my ramble on house prices is a fact that none of you seem to have spotted. Or at least have kept it to yourselves...lol. So if the 18 year cycle works again this time, and I suspect it has a better than 50/50 chance. Then might we not be looking at Hyperinflation. At these sort of already stretched house price valuations it is going to take something extraordinary to keep them going up for another 4 years. Forget all the Government tinkerings around the edges, the only thing that would do it is Hyperinflation. It seems to me that the seeds of this have already been sown. Also, if Gold goes to $3000, which is likely by 2022 (Maybe this year is a bit too early), then I don't see it stopping there. By then the Fed will have clearly lost control. The gloomy prospect is of billions of more Dollars of printed money. Who knows where gold will get to. However as Frank Guistra (the famous gold and silver investor) said last year I think....."be careful what you wish for" He was talking to Daniela Cambione when she was working for Kitco.The point is...is that if gold goes parabolic over the next two plus years then everything else will be falling apart. The silver lining is that gold and silver stocks will soar to undreamed of levels. If Dan Betts and team don't screw things up this time (and the market seems to be giving them the benefit of the doubt now) then I can see Hummingbird many multiples of where it is now. I do though think it's getting a bit overbought near term. Nevertheless I think the trend has turned to the upside. Good luck all.

[temujiin] 10/5/2021 19:29

Sadly there is little chance SC are anywhere near being all sold out as they still had many millions. That said whilst they may well be aiming to sell completely all of their shares, we don't actually know that, and they may decide to hold or increase.

[johnhemming] 10/5/2021 18:13

I don't know. The volumes are not that great. In the end they have made a reasonable turn although I think this could go quite a way.

[plat hunter] 10/5/2021 17:37

Or they might have started buying back in again :-P

[johnhemming] 10/5/2021 17:24

We don't know as yet, but Sustainable Capital may have sold out just in time for the price of gold to go on a trip.

[plat hunter] 10/5/2021 17:09

Another boring day I note.

[cinoib] 10/5/2021 16:13

Well I hope everyone is right for a change. I will take mine out when we hit 70p and no sooner.

[plat hunter] 10/5/2021 14:28

372k at full bidBack to 30p in pretty much short order I reckon.

[bikwik] 10/5/2021 13:41

I'm with Warren Buffett on inflation, also Michael Burry.



The charts have also signalled this too. This is quite a good website:



Looking at the chart note the FALSE downward break of the Feb 2016 low (run the cursor along the chart). The best reversals of trend (in this case from down to up) very often start from false breaks.

Note also that the downtrend from the June 2008 high has been broken by the recent surge in the CRB.

Note also the Head and Shoulders BOTTOM since 2016 which led to the false downward break.

All the evidence is there for a multi year rise in inflation. Buffett and Burry have just confirmed it from a fundamental point of view. They know what they are talking about unlike the Federal Reserve. However, Jay Powell must know that the rise in inflation is not transitory but has to lie to the markets to avoid trashing the stockmarket!

Of course if he really thinks the rise is going to be transitory then he really is a complete idiot of the worst kind.

The Fed as usual are behind the curve as regards to inflation and that pours petrol on the inflation fire.

Just look at the year to date rise in Lumber prices...up 93.11%. Used extensively in US house building.....listen to Warren Buffetts 2021 Berkshire Hathaway 2021 annual shareholders meeting. They own the largest US housebuilder!

Iron Ore and Steel prices up around 30%. Most commodity prices have seen double digit gains.

Inflation is staring us in the face, yet the stockmarkets seem oblivious...yet. Crunch time is looming.

Gold has had a nice run since the March lows, but may be near a corrective phase fairly soon. However, its most unlikely to get back to the March lows.

Yes I agree that we are most likely forming the 'handle' of the cup and handle pattern that has been in force since 2011.

Jordan Roy Byrne of "The Daily Gold" wrote a good piece on when gold is going to break out of its cup and handle pattern....and yes on its way to circa $3000.



Note the magic resistance level to get the breakout is 0.70. Read the article!

So this is a fantastic backdrop for gold bulls and gold stocks.

However, as I said gold has had a good run recently and its getting near a temporary top. That may or may not hold hummingbird back for a while.

Jim Curry is better than almost anyone when it comes to gold analysis. In his latest piece (Sunday) he says and I quote:

"The next key swing top is expected to come from this same 72-day wave, and which is due to materialize at anytime."

"With the above, we are on the lookout for the next key swing top to form, expected to come from the aforementioned 72-day time cycle - and which is due at anytime. Once this peak is in place, a sharp decline is expected to play out in the weeks to follow. We are close to confirming a downside ‘reversal point’ for this 72-day wave, which will be noted in real-time our Gold Wave Trader market report, once it forms."

Here's the link:

[dickbush] 10/5/2021 12:49

"To $1,850 and beyond." B. Lightyear.

[golden prospect] 10/5/2021 12:42

I agree JH.

Substantial volume on HUM, looks a one-way ticket for coming weeks.

[johnhemming] 10/5/2021 12:26

I think some of the money that has been coming out of gold will be going back in. It just is not the time for fiat currencies in the developed world. I am with Charlie Munger on bitcoin.