Loading ...Q4 Gold price realized will likely be $500+ per oz higher than Q3
Average price of Gold obtained by the Miners in Q3 2025 was roughly $3500.
If we stay around the $4200 mark for the rest of the month we may have an average of $4000+ for Q4.
The profit margins are still increasing as energy costs are remaining subdued.
So either paying down debt or engaging in mergers and acquisitions.
Same is true for the Q4 Silver price.
FED buying back treasuries $40 billion asap, rate cut .25% and Starmer says they are very close to stealing $100 billion of Russian peoples money to help pay for the feeding of the imported lazy bastards that they love so much. International law on banking is now out the window and a warning shot for anyone on the wrong side now.
Everything is going to shit these days.
I’m just watching as Commercial and Residential RE adjusts in Canuckistan.
I signed up for emails on some residential high rises pre-builds in Vancouver a few years ago just to track sales. By 2022, these projects appeared to reach the 60-75% sold stage and started construction. Most of the units were likely sold to investors.
They are shoebox units. All the sizes, 1-3 beds are undersized and not suitable for family formation. Investors are now under water or have walked away and could face recovery of the losses from the developer.
Rents are falling for the average rental unit even though costs are increasing for the landlord.
Carney will not be able to meet the demand that young families have for right sized homes. The starter single family home in the 50’s was about 1200 sq ft for a 3-4 bedroom home. Affordable. They don’t build those anymore. I wonder what will become of the 1000’s of shoebox units.
The economy is about to get nasty.
The trick is to thread the needle. It would be easy if you didn’t have to worry about nationalization. It may come in the form of excess profits tax or some other form. If we were in true non interventionist capitalism one could just sit back and enjoy the run, but that ship sailed long ago.