Goldtent TA Paradise

$US GOLD $2900

1. silverboom says:

   February 10, 2025 - 9:28 am at 9:28 am

   Geez, Fully – one jinxster is enough already!!!

2. silverboom says:

   February 10, 2025 - 9:30 am at 9:30 am

   And STILL the shares languish. Amazing. Think of the profit margins on these gold miners at these gold prices. Holy Toledo!!!

3. YYZ says:

   February 10, 2025 - 10:18 am at 10:18 am

   Haven’t had time to dive into it but it’s hard to believe that average mining AISC’s have risen on par with the price of gold. Are they not sitting on PILES of CASH? I’d like to see an industry average AISC chart starting with the Dec 2015 low, then when Gold repeatedly hit 2k August 2020 vs. March 2022 vs. May 2023 vs. Feb 2024. then compare to today.

4. Highroller says:

   February 10, 2025 - 10:23 am at 10:23 am

   Some Armstrong notes :

   The real bombshell is more likely to be Europe, which has been so anti-Trump with all the media swearing Trump as a felon could never win. Interestingly, some $82 billion in gold has left the London Market and moved to NYC warehouses. Why? They fear a Trump tariff will be applied to everything, including gold. In reality, this could lead to a shortage of gold for Europe if the EU imposed tariffs on anything and everything coming from the United States, including gold.It must be in 100oz recognized bars to be viable for the NY inventory, like this one. Our computer is projecting a choppy period for gold into April. It appears from May onward, is where we will see a trend develop. The European economy as a whole is in serious trouble. The negative interest rates from 2014 left much of the debt in a serious loss position, for banks mandated to keep reserves in government debt do not have to mark-to-market. There in lies a potential economic crisis for Europe.

   • YYZ says:

     February 10, 2025 - 12:36 pm at 12:36 pm

     To provide more detail on the gold leaving London and coming to the US, they must be in either 100ozt or Kilo sized bars which requires London stocks (what are left are large 1,000 bars circa WWII era – bottom of the barrel), which are being melted down in Switzerland and resized at a cost of around $50/oz. This is contributing to the delivery delays. Sorry, I’ve had recent data overload and can’t recall the article or speaker who provided this detail – I’ll cite a source at a later time.