IMF stats: The Monetary Authority of Singapore added 26t of #gold to its reserves over May and June 2021. This is its first gold purchase since at least 2000, and another instance of a developed market CB buying (along with Ireland).
Let's just accept that the world is upside down. Tesla's price infers they are going to be making 26 million cars and the price of the stock keeps going up. $GOLD prices in that gold is going to be $1800 for ten years
When I look at $GOLD results, they clearly need an acquisition to increase both production and reserve. Who is it gonna be? $EGO, $IAG? friendly merger with kinross or yamana?
China is close to running dry on copper. Price spike is coming and they can't do anything about it. Eldorado has 70 million pounds/year for 23 years in Skouries mine. $GOLD is looking for for copper, too. JV soon.
MEMO: FOMC members insider trading during tumultuous but opportunistic 2020 was not great shocker. Covid 19 brought great human challenges but mostly great opportunities to invest and dominate. Eldorado Gold (EGO:NYSE ELD:TSX) is about to be re-rated higher in the short-term as Greek assets-counting for over 50% of current NAV-and somehow forgotten legacy style Lamaque mine and surrounding assets in Canada expanding at rapid pace. Precious metals washout is officially over. Quarter 3 reporting period majority of producing miners consensus will have stronger H2 with surprises on the upside regarding R&R statement eoy and overall liquidation level valuations offering discounts in share price not seen since start of pandemic. M&A has picked up in mining sector recently and will continue to accelerate in Australia, North America, Canada-too many players. M&A arbitrage with Eldorado Gold rated #1 most likely takeover target in Canada due to current extreme discount in share price and billions in NAV to be unlocked in the short term. Eldorado will release an updated feasibility study for Skouries mine ($250 AISC gold/copper) in Q4. $GDX $GXXJ $EGO $ELD $BTG $HMY $IAG $AUY $KL $AEM $NEM $GOLD $FNV
TORONTO (Reuters) - Canadian mergers and acquisitions activity for the third quarter hit its highest since 2016 as historically low interest rates and strong equity markets helped companies to revive transactions that were put on hold due to the pandemic. $EGO $NEM $GOLD
Americas Gold Forum-M&A Eldorado Gold remains #1 most likely to be acquired mid-tier gold miner in good jurisdiction of Canada and with transformative assets like Skouries mine fully permitted and releasing updated feasibility study during Q4 at $250/Oz AISCs best in class gold copper porphyry among industry for acquisition by senior producers to replace production and stunted exploration in 2020 due to Covid $GOLD $NEM $EGO $ELD
We will have fireworks before the end of the year probably.
$GOLD PE = 16
SP500 PE = 30
10 YR Treas PE = 60
Which is best risk/reward?
This is Ireland’s first increase since 2008.
Sell $gme $gold $tsla $mpw $amc $btc and join us
Eldorado has 70 million pounds/year for 23 years in Skouries mine. $GOLD is looking for for copper, too.
JV soon.
https://howardgroupinc.com/2021/11/thesis-gold-featured-in-resource-world-magazine/
#thesisgold #gold #resourceworldmagazine #resourceworld #goldexploration #mineralexploration #goldentriangle #tsxv
$GDX $GXXJ $EGO $ELD $BTG $HMY $IAG $AUY $KL $AEM $NEM $GOLD $FNV
https://www.slideshare.net/the-howard-group/thesis-gold-october-2021-investor-deck
#thesisgold #gold #companypresentation #goldenhorseshoe #mineralexploration #minerals #copper #tsxv #smallcap
#GOLD #EGO
1 oz #Platinum $1,014
1 oz #Gold $1,797.40
1 oz #Palladium $1,890
1 oz #Rhodium $13,300
Eldorado Gold remains #1 most likely to be acquired mid-tier gold miner in good jurisdiction of Canada and with transformative assets like Skouries mine fully permitted and releasing updated feasibility study during Q4 at $250/Oz AISCs best in class gold copper porphyry among industry for acquisition by senior producers to replace production and stunted exploration in 2020 due to Covid $GOLD $NEM $EGO $ELD
#SOLID $GOLD
https://www.kitco.com/news/2021-09-27/Pierre-Lassonde-A-renaissance-is-coming-for-this-asset-demand-will-triple.html