RE:RE:RE:RE:RE:RE:KL getting dumped with gold head higher and great QR_J_ wrote:
AlfredNeuman wrote:
DudeRancher1953 wrote: I think the depletion issue is by far the most important thing holding the share price down.
We just may have to go sideways for some time until new drilling test results turn into real financial results as I hope they will.
No no no and no. Yahoo finance enter kl/ full screen/ comparison chart 6 months with abx, wpm, fnv, nem simultaneously and what do you see?
There is your answer.
Neuman
-
As RJ has always said, clearly selling our gold, using MPG’s favorite word, is retarded.
-
“I think the depletion issue is by far the most important thing holding the share price down.”
~ DudeRancher1953
-
Obviously, and clearly, if we did the rational thing and never sold our gold, this could not be a problem.
-
For example, gold is now US$372 per ounce more than it was at the start of the year.
So by selling our 1,000,000 ounces at that price, instead of waiting, we just, obviously and clearly, flushed US$372 Million down the toilet.
What could possibly be more retarded than that?
-
RJ
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
(1)
If KL is no longer telling the world how much gold they have there is no reason
to sell more of it.
That might be indicated at swan by always pulling more rabbits of gold oz out
of the hat when needed to extend not gold at lesser grade but the same high
grades.
As MPG (multi personalities disorders guy :) ) keeps saying those are of infill
or inlying established regions the high grade gold is coming from, and not outfill
(out lying ) new regions . Implying the old region of high grade gold is running out
and not finding new regions of high grade.
Maybe that is the case and maybe it isn't.
But for 3 years including 2023 it is still high grade gold being mined at swan,
and then macassa's high grade at #4shaft . That's years of 2021, 2022 and
2023.
Then high grades from macassa #4shaft.
So I don't see the said logic that KL doesn't deserve the same price level
of not only the $80 or so projected by the various banks' estimate, but the
$105 of AEM, agnico eagle (spelling ???).
(2)
There is no reason to have not only inflation but hyperinflation to so call
try to kick start the west's economies out of the funk (depression) the
west finds itself in.
Supposedly because of the covid-19 virus which is a red herring and
criminal enterprize to (i) get Trump out of power, (ii) not have to admit
the depression was coming anyway because of central banks' induced
unpayable unsupported massive printing money to death out of thin air.
(iii)Then introduce massive bad and worthless really, (since the immune
system and covid-19 virus quick mutations, are doing most of the cure
of the covid-19 virus. As it does for all viruses. (iv) Finally or not so
finally, trap the west and world with central banks' bank accounts for
everyone, using only digital money, we can't remove from the system
to vote our anger of how the central banks are indebting us to death.
Nor (v) use gold any longer as safe haven unless a big black market
opens up.
The red herring, ie falsehood of a overly serious covid-19 virus
From Australia with love and accuracy
https://www.youtube.com/watch?v=ibgb5CTlLao&ab_channel=SkyNewsAustralia (3)
We need slack or down time to get out of a depression, going into a
different type of debt of propping up the unemployed and bankrupted
business owners, until the next business cycle of I guess GREED, to
overheating this time, starts. Not exhaustion of more money printing
propping up debt of those nations, primarily the west, that can't compete
with the lower wages and asset costs, of the emerging market nations
of the world.
Complicating that or really ruining and devastating that by hyperinflation
to so call kick start the west and world, and pay off past humongous
debt (which it never can because new massive debt is being created)
doesn't work or help but destroys the system more to the control fo
those that got us into the problems in the first place - the central banks.
(4)
this is all we need to get gold's price up now and as a form of safe
haven for a lot of people smart enough to see that and buy gold in
such down depression times.
From
Gold: $6,600 or $22,000
Bob Moriarty, May 4, 2020
https://www.321gold.com/editorials/moriarty/moriarty050420.html "This relationship shows that the gold price rises $500 for
every $500 Billion increase in the US Budget deficit. Earlier
in this report I estimated that the US Government is on its way
to recording a $6 Trillion annual deficit, which would portend
a gold price of $6,600 per ounce (4x from gold’s current price),
should this relationship hold.
Lawrence is being triple brilliant here. He is smart enough
to recognize that he cannot predict either the future in general
or the price of gold. What he has done that is nothing short of
remarkable is to show that in the past when the deficit goes
up $500 billion, gold goes up $500 an ounce. And his guess is
for a $6 trillion increase in the deficit. Wow!!! I can accept
that logic. It’s not a prediction."
(5)
Me- that is not being allowed because of central banks’ evil.
What is coming from the central banks’ evil
From Greg Mann
‘CRITICAL UPDATES: Stocks, Market, Gold, Silver, Bitcoin, Dollar'
https://www.youtube.com/watch?v=4O1Bmq0m-Eg&ab_channel=GregoryMannarino