Paradigm Capital’s Post

Making predictions about prices is clearly a form of BS. Total speculation. And, I have found whenever I open my mouth about where a price is going, it totally puts the mockers on it. So all I have to say about #Gold at the moment is it is #INTERESTING I'm not the only person who plots annual gold production against price (log scale in the case below), so its not my original thought. I like to talk to it though, because so many people talk to gold fundamentals and don't go near supply and demand. The interesting bits: - Two substantial gold bull markets since 1966, which commenced off periods of low (to negative) production growth - South African production peaked in 1970 (this was the largest contributor to global production at the time - Production expanded massively following the proliferation of CIL / CIP circa 1980 - The industry hedged massively during a period that (kept ?) the gold price flat - And the period the gold industry was buying back all that gold (de-hedging) was a time the price ran strongly (even after production began to grow) Anyone see a technological breakthrough that could substantially expand global gold production ? Or an appetite for aggressive producer hedging ? I think its interesting because Lion Selection Group has been investing heavily in deeply discounted gold juniors, who are lagging their producing peers. I'm less interested about the gold price having gone up, and far more interested in why. #LSX #discountonadiscount

Snowline Gold's rating is downgraded from "Buy" to "Hold" due to a more subdued outlook for gold prices in the near term. The correlation between Snowline Gold's shares and the price of gold remains strong. The company's portfolio of mineral projects in Canada's Selwyn Basin shows potential for profitable gold production. https://lnkd.in/eugUXNku

Gold's Market Cap Estimated Market Cap: $15.519 T The Market Capitalization of Gold is currently arround $15.519 T. This value was obtained by multiplying the current gold price ($2,311 per once) with the world's above ground gold reserves. The amount of above ground reserves for Gold are estimated to be around 208,874 metric tonnes according to the World Gold Council (End-2021). Note that the estimated above the ground Gold reserves can vary by up to 20% from one source to another. As a consequence it is safe to say that the the current Market Cap of Gold is between $12.415 T and $18.623 T.

🔍 An interesting case study: Barrick Gold Corporation. Despite the rise in gold prices, the company's share price has remained the same since 2019. Profits have halved and operating margins have dropped by a third. This raises questions about the effectiveness of gold as a hedge against irresponsible monetary policies. 💼📉 Read the article: https://lnkd.in/gfQMe_z7

Today, we released our detailed 2024 Production Guidance and Four-Year Outlook. In 2024, we are anticipating gold production of 505,000 – 555,000 ounces, representing a 9% increase in gold production from 2023. Our total cash costs are expected to be $840 – 940 per ounce sold, with all-in sustaining costs at $1,190 – $1,290 per ounce sold. Our Four-Year Outlook anticipates gold production at 675,000 – 735,000 by 2027, resulting in 45% growth compared to 2023 production and a compound annual growth rate of over 9%. For additional details, click here: https://bit.ly/3uInDFL #EldoradoGold #BreakingNewGround #GoldMining #InvestInGold

https://lnkd.in/grX8Un24 Global gold demand rises 4% in Q2 2024, reported by World Gold Council The World Gold Council (WGC) reported a 4% year-on-year increase in global gold demand for Q2 2024, reaching 1,258 tonnes, the highest for a second quarter in their data series. Gold Rate, #GoldRate #GoldPrice #gold

The Value Gap Between the Gold Price and Gold Miners Although the price of gold has reached new record highs in 2024, gold miners are still far from their 2011 peaks. In this graphic, Visual Capitalist illustrates the evolution of gold prices since 2000 compared to the NYSE Arca Gold BUGS Index (HUI), which consists of the largest and most widely held public gold production companies.

Barrick #GOLD Taps into Existing Asset Base for Expansion • 2.3% dividend yield. • Competitive cost profile, with $1,300/oz breakeven for gold and $3.2/lb for copper. • Gold prices should benefit from economic instability, persistent inflation, deficit spending, high debt, and a global move away from the dollar. • Copper prices should benefit significantly from the push toward a green economy and increased demand for electronics. • Targeting 25% increase in gold equivalent production by the end of the decade, with a significant medium-term organic expansion strategy utilizing existing property. • Virtually zero debt, with $4.2 billion in cash on hand for expansion, acquisition, or increasing dividends. #GoldInvestment #materials #marketanalysis #investing https://lnkd.in/gfKzX7mW

It is understandable that #gold is attracting strong attention with global economic patterns driving the safe-haven to record prices, however, #silver is also at 11-year highs and is, as usual, flying under the investment radar. Overnight #SilverFutures surged 3.2% to a more-than-11-year high of US$32.285 an ounce and the past 12 months has seen an impressive rise in the #SilverPrice from a low of around US$20.90 to US$32.56 and there is no immediate sign of a slowdown. A new report by UK-based The Gold Bullion Company highlights the production levels of silver on a country-by-country basis as well as the status of current reserves and potential shortages and compares the output with the height of buildings. More at #Proactive #ProactiveInvestors #MetalsInvesting #SilverInvesting #SilverMining #SilverReserves http://ow.ly/hgAw105tQYu

The average share price of 11 of the largest #gold producers that mined over 500,000 ounces in 2023 has underperformed the rising gold price since the start of 2022, according to an analysis of S&P Global Market Intelligence data. However, Commodity Insights' current consensus forecasts indicate that consolidated all-in sustaining costs for those 11 gold miners are set to fall through 2028, providing a catalyst for some upside to their future performance. #goldproducers #goldprice #AISC