Gold Mining Stocks

[DrBourse]

Thanks for the advice VC.

But, I'm talking more about the general gold equities market which should say something about value. The GDX and GDXJ are way off highs and have gone in the opposite direction to gold of late. I've been putting these charts up in the gold thread for a while. There's something more than fundamentals affecting the general gold equities market. My thoughts are that it's not fundamentals, but sentiment. Sentiment will change. Maybe once the Uber drivers start telling us to buy gold. But, by then, most will have missed the boat.

@Sean K
Hi Sean,...
A little bit late, but I've just noticed your 6/3/24 post Nr247 on page 13...
Thought I would add my comments to the discussion....

Technical Analysis, Published Articles and the Internet are the only real Research Tools we have for GOLD and other indicies…
Individual Stocks cannot safely be valued in relation to any INDEX…

There is no such thing as "Financial Factors/Analysis OR Fundamental Factors/Analysis for Gold, Silver, etc, or most Other Indicies"....
That is, there are no Ratios, Margins of Safety, or Balance Sheet Analysis of any kind available to us that would produce what is known as Financial or Fundamental Analysis…

There are, however, outisde influences, such as Soverign Country Manipulation, Economic & Market Forces, Wars, Political Interference, Environmental Risks, Social & Governance Aspects, Production Costs, Inflation, Pandemics, Brokers Analysis, Announcements, Press Releases, Adverse Weather Events, Ramping, Inuendos, Speculation, Fear & FOMO (Fear of Missing Out), Chat Room Posts, and other misleading information that we can access to help evaluate the likes of Commoddities/Indicies etc....
(There are bound to be some others I have omitted or can't remember...)

SO, IMO, the only real "Research Tool" we have, is our knowledge of Technical Analysis (TA), and any other published information we can obtain from trusted sources.…

Cheers...
DrB.

 

[noirua]

March 2024.

 

[noirua]

April 28, 2024.

 

[noirua]

B2Gold Announces Sale of C$139 Million of Calibre Mining Shares

VANCOUVER, British Columbia, June 21, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”)...

www.globenewswire.com

B2Gold TSX: BTO AMEX: BTG is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.​

 

[noirua]

 

[Sean K]

These aren't all ASX listed but is an interesting ready reckoner for looking at what's out there with gold explorers through to producers. It's part of a bench marking exercise from PDI contained in an annex to their latest presentation. Would have been nice if they added current market caps and EV to resource for a very broad comparison also. Might give people some ideas on companies to research anyway.

 

[finicky]

Another benighted destination to scratch off the list for investment, not that I hadn't done so already. Another place where the colonised were miles better off under colonialism - except for their pig-headed 'leaders'.

https://www.reuters.com/markets/commodities/barrick-gold-suspends-operations-papua-new-guinea-mine-after-violence-kills-2024-09-17/

 

[finicky]

Goldies went quite well today.
From Market Matters (Bloomberg)

 

[finicky]

From Market Matters/Bloomberg
Goldies predominant in the ASX 200 again on Wednesday.

 

[mullokintyre]

Probably time for gold to take a short breather.
Not a correction, just a little bit of time flatlining to let some of the the breathless ones to get their breath.
Not time to buy or sell, just look at your portfolio of gold stocks and ask yourself, which of these are leveraged the most, which ones the least?
Maybe rebalance a bit if you are unhappy with the risk, or go all out if you like the risk reward.
Its going to be a fun time.
Mick

 

[finicky]

From Market Matters/Bloomberg
Goldies predominant in the ASX 200 again on Monday
With a sprinkle of uranium

 

[finicky]

An interesting perspective from 'The Daily Gold': gold adjusted for inflation showing an imminent if not already accomplished breakout (Macrotrends chart) above decades of resistance. This is then inferred as bullish for gold mining companies and their stocks which makes primitive sense.

Also in the article there are the usual relativity charts of GDX and GDXJ vs Gold and SILJ vs Silver - bullish, with the gold stocks being very close to breaking out against Gold (yawn).
Followed by charts showing gold stocks, GDX and GDXJ, have broken out to new 16-month highs against the stock market as represented by,the S&P500 (yawn again)

3 Imminent Breakouts Gold Investors Should Not Miss

Gold and Silver broke out again late last week. Gold closed above $2700 last Thursday, and Silver followed Gold's breakout ...

thedailygold.com

QUOTE:
"This is quite exciting for the precious metals sector, but here are some additional potential breakouts to watch.
First is the inflation-adjusted Gold price. This is significant because it is the best indicator for gold miners over long periods of time.
Data from MacroTrends shows Gold against the CPI is closing in on a 45-year breakout. The data from the top chart is not updated yet, but if it were, it would look quite similar to the MacroTrends version.
The breakout in the inflation-adjusted Gold price has tremendously bullish implications over the coming years."

 

[finicky]

Greg Canavan's current wary view of gold stocks. He is very consciously contrarian, so prefers to rotate from popular to unpopular in preferences. He still thinks GOR is a reasonable play though and expands a bit on that.

Excerpt:

"Last week, I also changed West African Resources [ASX:WAF] from a hold to a buy. The share price is up over 10% since then. Back to a hold it goes!
About a month ago I suggested taking some profits on your gold stocks. That advice still stands. Gold is too popular for my liking. The producers (the area that I focus on) have all run hard recently as latecomers pile in.
Smart investors are selling to them.
Buy in pessimism, sell in optimism. That’s the only way to operate for long-term returns.
I’m not saying to get out entirely. But if you bought previously when gold was unpopular, you should take profits in this environment to reduce your exposure.
This is the sort of advice that would be much easier to communicate with a portfolio approach!"

 

[finicky]

Goldies dominating the ASX 200 losers again today. What's that - 4 days running?
Via Market Matters afternoon report:

 

[Captain_Chaza]

My count is that GOLD has been going SOUTH for10 days from her All Time Personal Best (NB : ~2.5 weekly candlesticks )
Sailing for GOLD------------One WEEK at a Time------------------------------&--------------------One DAY at a Time---

 

[Sean K]

My count is that GOLD has been going SOUTH for10 days from her All Time Personal Best (NB : ~2.5 weekly candlesticks )
Sailing for GOLD------------One WEEK at a Time------------------------------&--------------------One DAY at a Time---
View attachment 187942

Must be close to a bounce. Or, at least a decent dead cat.

 

[Captain_Chaza]

As you can see here Sailing the PDN ----"STORMS Often STRIKE TWICE"--
Hence BE WELL AWARE of the The DEAD CAT bounce

Sailing the PDN------------One WEEK at a Time------------------------------&--------------------One DAY at a Time---

 

[Garpal Gumnut]

Must be close to a bounce. Or, at least a decent dead cat.

I'd disagree for gold miners.

Gold will need to stabilise and consolidate or start heading north again before miners will become attractive. The decreasing POG affects their balance sheet, revenues, loans, sp and "sexiness" to investors. They will also have difficulty in retaining staff should there be a recovery in materials giving more security of work. If I had the means I'd be shorting them atm.

gg

 

[Captain_Chaza]

Crikey!! What happened to my 2 Posts above?

 

[Captain_Chaza]

Crikey!! What happened to my 2 Posts above?

My Apologies for my concern above
I went to the wrong GOLD thread to make a small edit and couldn't find my 2 posts/Charts