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AU$6000 bites the dust... so roll on gold to AU7000...
Gold Price - Where is it heading?
- Thread starter guycharles
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AISC below AU$2,000! Not many I know of.
In fact, I thought none in Australia until I clarified for myself that Copper (or Silver) sales credits are deducted from a gold miner's AISC in accounting. Even then only one is obviously doing an AISC like that for a full year - that being Evolution Mining (EVN) in FY2025. Evolution producing significant copper along with its gold. West African Gold (WAF) might squeak in - probably not after government imposts. What others? Perseus (PRU)? So either a copper co-product miner or African located and risky - that's not many.
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I hear most say that AISC is a dodgy metric anyway.
"Pantoro Gold provides FY2026 production guidance of 100 – 110 Koz of gold at an AISC of $1,950-$2,250 per ounce."
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according to Marketwatch gold has reached $US 4008 tonight ( so far )
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Gold passes $4000 usd an ounce for the first time ever, that's about $6000 an ounce in our money. Gold miners would be making a tonne of money now.
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Gold has come back slightly, mainly due to the DXY increasing a little in value.
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Only took till the 8th of October.
Micl
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Gold is entering phase three of thi big boom.
We will be hearing about taxi drivers giving gold stock tips any day now.
The retail trade has woken up.
Mick
We will be hearing about taxi drivers giving gold stock tips any day now.
The retail trade has woken up.
Mick
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" If shoe-shine boys are giving stock tips, then it's time to get out of the market"
Joseph Kennedy Snr
1929.
Gold prices could go even higher if the US Stockmarket suddenly imploded, bull markets always end in euphoria, investors start believing the Stockmarket can only go higher and higher to infinity, nothing but blue skies ahead. Gold climbed even higher after the Dot Com bust in 2001 and peaked in 2011.
Currently the Buffett index is at 217% meaning the US Stockmarket is the most expensive in history and the Cape Schiller index is almost at the same point as the Dot Com bust being at 40. Warren Buffett is on the record as saying if the Buffett index goes past 200%, investors are playing with fire with stocks. Still some investors will ignore the warnings and go full speed ahead.
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Giant 'Capital Rotation Event' theory.
FYI Northstar, @NorthstarCharts on twitter, pinned this to his account approx 1 year ago (30 Oct 2024)
FYI Northstar, @NorthstarCharts on twitter, pinned this to his account approx 1 year ago (30 Oct 2024)
Garpal Gumnut
Ross Island Hotel
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I’d just like to announce the
OFFICIAL START OF GOLD FOMO
Mrs Gumnut just texted me an article from the local rag suggesting gold was THE investment to go for over the next 12 months.
gg
OFFICIAL START OF GOLD FOMO
Mrs Gumnut just texted me an article from the local rag suggesting gold was THE investment to go for over the next 12 months.
gg
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And now the spot price has matched the 4k futures price.
Mick
Mick
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Today we see spot gold at $4000.
Do we see a new target being set by those who keep underestimating gold's bull market?
POG at $5000 in 2026 certainly seems plausible.
Do we see a new target being set by those who keep underestimating gold's bull market?
POG at $5000 in 2026 certainly seems plausible.
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things to watch now , are rising costs and more ambitious development/exploration plans and they spray profits into 'future production '
smarter operators will squash debt ( if they have any ) or grab small bolt-ons ( that they can integrate easily )
also watch the hedge books some have committed future production for a few years ( @ nowhere near $A 6000 an oz. )
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