under performing, page-144

First 144 Last

Share
Profile

Follow
TrendTracker

2,900 Posts.

127

02/01/19

01:08

Post #: 36998695
Share

Originally posted by JID: ↑

Afternoon Guys,

Michael Oliver from MSA has been a long time follower of the gold (and other) markets, using a proprietary momentum analysis tool.

He has a solid track record of making big calls over market cycles, the success of which is due to his analysis of momentum trends vs. price trends - the former establishing themselves before the later.

Michael has made a big call (from a career perspective) that gold and gold miners were/ are poised for a very solid uptrend in the coming couple of months (a few weeks ago).

One of his inflection points to watch was if gold moved through $1,280.

Gold has done that as of Friday on the Cash Market (US$1,280.83) and the Front Month Futures Contract ($1,283.40). It is through these points that Michael Oliver believes the price moves will accelerate.

We will see soon enough whether this was a good call or not - however, in an interview I listened to last week, he was the most bullish on a particular subject that I have ever heard him (usually he is quite reserved).

On another topic, Q3 numbers were particularly bad for the USD reporting gold miners, in part due to high oil prices. Q4 numbers, which will be released in late January may be improved materially due to the fall in oil prices (for unhedged producers) and especially so for those with higher AISC and large volumes of earth moving required. Coupled with the improved average gold price in Q4 vs. Q3 this may provide a little kicker for the sector from late January all else being equal.

Additionally, from Exploration Insights, they have noted that in 5 of the last 7 years, gold miners have performed very well from late December through to PDAC (end of Q1).

So ... it would seem that we MAY have a confluence of tailwinds to support the miners for the next few months ... it would be a good time for RSG to prove that it has successfully executed its mine development at Syama.

Cheers
John

Expand

Hi JID

Do you have a rough idea of how much the fall in oil prices will impact on AISC for a miner like RSG or RMS if you follow them (they do a fair bit of trucking).

I like the triple kick of a low AUD, rising gold and lower oil prices.

Cheers.

RSG Price at posting: $1.16 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 28 more messages in this thread...

First 144 Last

Add RSG (ASX) to my watchlist

(20min delay)
Last 43.0¢		Change 0.015(3.61%)		Mkt cap ! $1.543B

Open	High	Low	Value	Volume
42.5¢	44.5¢	42.0¢	$8.906M	20.47M

Buyers (Bids)

No.	Vol.	Price($)
1	90297	45.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.5¢	40838	1

View Market Depth

No.	Vol.	Price($)
1	20000	1.245
14	458433	1.240
12	312067	1.235
6	139692	1.230
6	131961	1.225

Price($)	Vol.	No.
1.250	371388	17
1.255	220916	10
1.260	134993	10
1.265	104166	6
1.270	38032	5

Last trade - 15.59pm 29/11/2024 (20 minute delay)

RSG (ASX) Chart

under performing, page-144

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Buyers (Bids)

Sellers (Offers)