Haystack 2020 and beyond ...

English language haystack
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Gwyde
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2019 full year and Q4 results for miners

Post by Gwyde »

As gold is rising rapidly, a few miners are disappointing, mainly because of 2019Q4 and/or full year results missing on market expectations.
For example:
- Agnico Eagle posted decent results, but the stock was 'priced to perfection'. A few flaws came up under the looking glass (notably a cost creep) and AEM sold off over 15% on the day.
- Pretium had issued a warning before because of a technical issue with the ore feed to the mill. They predictably missed on the topline and suffered a cost creep. Nevertheless profits rose yoy, but the stock sunk once more, nearly reaching its 52w low a few days later.

Both are resuming their uptrend now, but starting from a (much) lower level.

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Rasta
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Re: Haystack 2020 and beyond ...

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Jim Rickards disagrees with Martin Armstrong on the subject of confiscation (or confiscation fears). A video of a couple of days ago.

Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack 2020 and beyond ...

Post by Rasta »

An oldy, but still applicable and very true in time of distress and uncertainty.

The nice thing is that Rickards speaks here of freegold, without actually giving it a name.

Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Gwyde
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Revival of gold mines - Corona dip overcome

Post by Gwyde »

On Mining Corner there is a new article: Revival of gold mines - Corona dip overcome.
And, yes, the HUI-Gold regression relationship survived the Corona dip.

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