Medusa Share Discussion Threads

[atlantic57] 25/9/2017 17:32

Blue i am no expert but my analysis for myself is as follows.

a) gold is not going up unless there is a clear indication that the worlds economic system is falling apart.

b) Hendry could be well be correct given all these other gurus have been predicting for the last 8 years that gold is about to rocket..

[deka1] 25/9/2017 17:30

Hi Blue, way over my head mate, but take a look at this by Gartman


Home › Headlines › Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder


Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder

Posted on September 25, 2017 by Mark O'Byrne — No Comments ↓


– ‘Commodities King’ Gartman sees $1,400 gold surge in months
– “Gold is the one currency that will do the best of all…”
– Pullback below $1300 “is relatively inconsequential”
– Use gold price weakness to be a buyer “no question”
– Bullish on gold due to central banks and easy monetary policy and gold will be even higher in euro terms
– Gold will be the best of all, as a result of QE and expansionary policies
– Dalio reconfirms belief that ‘gold serves a purpose’ and portfolios should have exposure
– ‘Gold is a diversifying asset’ says Dalio
– Own allocated, segregated gold in Zurich or Singapore

Editor Mark O’Byrne

Read more at

[bluelynx] 25/9/2017 16:23

Off Topic, but very much Gold Related.

Hugh Hendry has recently closed down his Hedge Fund and in his last Letter to his investors he said something that surprised me. That being that he is full of praise for the Central Banks, especially of Federal Reserve Bank, he stated they truly did save the financial system back in 2007. Further more he thinks that these highly intelligent people, his description of them, will succeed in reducing the debt mountain by very slowly appling QT, and this will be achieved with out even causing a recession. Personally I find this exstreamly difficult to believe.

He sees a recovery similar to 1964, when there was very low unemployment like now, he see interest rates rising but due to low unemployment he also see quite high wage inflation which will offset higher interest rates. This he says will be QE for the working man/woman which will lead to increased demand. In effect this will slowly repair the financial system by slow reducing the debt via inflation and boosting economic growth.

This view Hendry has is quite unique other financial gurus like Jim Roders, Peter Shiff etc believe QT will lead to a massive depression, which is a view I share. Do any of the regulars on this board see any likelihood that Hendry's scenario will come to be, and if so how will this effect gold and gold related investments.

[deka1] 24/9/2017 08:00

Duterte says he inherited millions disputing unexplained wealth allegation

September 24, 2017 - 12:10pm

LOL
Could be a change of Gov in the not to distant perhaps

[noirua] 23/9/2017 18:10

I expect MML will move to purchase new gold mines in Australia. Red5 have moved to purchase two at once. The increasing tax regime is hitting Aussie gold mine confidence. Time for Medusa to move on.

[atlantic57] 22/9/2017 14:13

Augustus gold has not rocketed.
However Base metals have shown significant
Strength

[augustusgloop] 22/9/2017 09:33

There's no big government conspiracy -- its just the GS / JPM and other gold traders conspiring together to shaft the numpty gold bugs.

Over the last decade - these traders have made $millions every year --- who has lost all this money = numpty gold bugs.

There is no way that the likes of King World News and all the other 'real information' channels are not getting paid by the traders - to encourage the gold bugs into believing that the conspiracy is about to fall apart and gold will rocket.

They do this every few months - for at least 10 years.

[atlantic57] 22/9/2017 08:35

arja i have been following gold gurus for 8 year now they are begginning to sound like the jehovas witnessess who preached that christ would return in 1918

[arja] 22/9/2017 07:41

prospect of higher interest rates combined with infaltion reamining low . But has ralled overnight with hydrogen bomb threat by the maniac in North Korea .

[atlantic57] 20/9/2017 22:27

why did yellens speech effect gold

[arja] 20/9/2017 21:58

just looked at chart of MML and sideways for months . It has to be said that it is quite likely to go under eventually buthope I am wrong for those long suffering small shareholders. Not even enough volatility to trade it. Gold price just plunged after yellen speech but MML is so low it might only drop a half a cent

[goldguru2017] 18/9/2017 11:13

Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada.

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt.
- Easily accessible, excellent infrastructure, safe jurisdiction.
- Sampling just finished, funded drilling programme about to commence
- >100g/T Gold sample from Clear Creek – excellent potential
- Peak values of 12,400 ppb Au from soil sampling on Val Jual
- Relative low market cap – CDN$4.2 million
- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
- Nearby to discovered goldmines (Coffee, Golden Saddle)
- Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies
- Drilling news flow expected before year-end

Please do your own research on the Company before investing. Thank you for your time.

[meanreverter] 12/9/2017 21:41

tightfist: Another share jettisoned by GDXJ for being too low in market capitalization is the royalty-streaming company Sandstorm Gold, listed in Toronto and New York.

[deka1] 12/9/2017 14:27

Thanks TF,interesting.

[chipperfrd] 12/9/2017 13:16

KDX is on a Ev/EBITDA of 9.6x

Yield is 0%
Estimated 2017 PCF is 8.2x
Estimated 2017 P/E is 21.9x

So not exactly exhibiting 'value' stock multiples!

But typically the N.American markets do put higher multiples on PM stocks than we see on the LSE.

Chip

[tightfist] 12/9/2017 10:48

Hi deka,

O/T: I am interested in the mid-cap goldies that have recently been EJECTED indiscriminately from GDXJ based solely on market cap, without any regard to fundamentals. Here is a useful 6 min interview from 14th June:



The driver is clear; frustratingly only two stocks are featured, Wesdome (WDO-TO) and Klondex (KDX.TO).

Both of these had a high in Feb/March, dropped 20-30% by mid June, and are now down to ~50% of their Spring 2017 high. (I guess they may be weak later today?). So the buying wave since the ETF eviction has apparently not kicked-in = Opportunity??

I havn’t yet looked at the fundamentals and forecasts. Notably Klondex has a growing band of analysts following it for next year.


Cheers, tigfhtfist

[deka1] 10/9/2017 17:18

TF, hi . this is Van eck up to date



VanEck



After Hours

Sep 8



YTD return

16.64%

5 yr avg return

-15.10%

Total net asset

Top Holdings



YTD

Saracen Mineral Holdings Ltd. SCEXF 1.54 63.00
Sandstorm Gold Ltd. SAND 1.56 24.36
Alacer Gold Corp. ALIAF 1.63 42.26
Silvercorp Metals Inc. SVM 1.74 39.42
Semafo Inc. SEMFF 1.77 -15.41
Harmony Gold Mining Co. Ltd. ADR HMY 1.98 -6.33
McEwen Mining Inc. MUX 1.99 -2.75
MAG Silver Corp. MAG 2.01 15.14
Fortuna Silver Mines Inc. FSM 2.16 -10.27
Hochschild Mining PLC HCHDF 2.54 40.67
Guyana Goldfields Inc. GUYFF 2.56 -11.67
NovaGold Resources Inc. NG 2.66 -0.44
St. Barbara Ltd. STBMF 2.83 53.85
Endeavour Mining Corp. EDVMF 3.06 37.33
Centerra Gold Inc. CAGDF 3.18 54.19
Torex Gold Resources Ltd. TORXF 3.22 15.11
Osisko Gold Royalties Ltd. OR 3.37 46.71
Silver Standard Resources Inc ORD n/a 3.59 n/a
Regis Resources Ltd. RGRNF 3.66 64.25
Pretium Resources Inc. PVG 3.7 7.52
Kirkland Lake Gold Ltd. KL 4.39 144.59
IAMGOLD Corp. IAG 4.74 82.60
VanEck Vectors Gold Miners ETF n/a 4.82 n/a
B2Gold Corp. BTG 5.17 16.46
Alamos Gold Inc. AGI 5.99 23.54

[tightfist] 10/9/2017 13:49

Hi deka,

Many thanks for the link to the Forbes article which is DATED 19th JUNE. I recall that Justin (are you still calling here?) mentioned the GDXJ re-balance around that time. Subsequently GDXJ broke-out of consolidation on 17th August.

Since 19th June all my Goldie holdings (all small cap.) are down (except Hummingbird) or level (MML). Over the same 12 weeks PoG is up 8% and GDXJ is up 13% so clearly there is a disconnect, or I am a lousy stockpicker…... CF Ruffer Gold fund is up about 7%.

The opportunity?? I wonder if the small/illiquid but high quality stocks dumped by Van Eck GDXJ are still a buying opportunity? As we all know MML was dumped two years ago so MML isn’t in that frame.

For example, Wesdome cited by Forbes ( I havn’t gone looking for a definitive list of the stocks that have been dumped from GDXJ) is down by 30% in those 12 weeks, though like MML it has attracted some more volume in the last 11 days.


Is this an investing theme we want to pursue? Cheers, tightfist

[atlantic57] 09/9/2017 20:30

Hi Deka at some point in time we are expecting an explosive move up in the whole of the gold sector.However I have lost confidence in my ability to predict when these events will unfold.When you and I and many others like Chris Mcglone blue Lynx and Chip exchanged bb postings 2009 -2011 it was literally a golden era.

However since then my record has been appalling !I hung on to the miners for to long and had what proved to be a lot of rubbish.Mml I thought was the one quality miner.
Although everything points to a golden future it has felt like that for many years now. meanwhile had we invested in a Dow tracker we would have donevery well.

Time will tell i guess.

[deka1] 09/9/2017 19:53

Hi atlantic , you may be right old boy , this article could shed some light also.



Re balancing of the GOLD ETFs
events like this only make the turnaround if / when it happens , all the more spectacular.
Good luck

[atlantic57] 09/9/2017 19:23

That is disturbing Deka.I guess this is a combination of etf taking the bulk of gold
Purchases and a lack of confidence in Mml.

[deka1] 09/9/2017 19:00

Gold up $135/oz in the last 6 weeks, and MML not moved a cent up,

[ilostthelot] 04/9/2017 16:07

Tf - You could well have a point there.
Maybe once all the larger caps have moved higher the smaller ones will catch up. Medusa has little to no trust from the market ,so that won't be helping things.

I only hold AAZ and they've done alright recently maybe bucking that trend a little.

[tightfist] 04/9/2017 14:14

ILTL,

Back in my post 37250 I was pondering that it will be the larger, liquid, often ETF-held Goldies that benefit initially and based on my holdings that looks to be the case? I am afraid that MML is going to be left on the sidelines, or even worse stale holders (who are intrinsically interested in gold investing) will sell-out and put their money elsewhere in the short term??

I hope this is a load of baloney!

Cheers, tightfist