Discussion Board (Corporates)
 Board
Write new posting
Read old postings (archive)
Read your postings
Last 50 Postings | Last 100 Postings
10-15-25 pillz
Dimon Says It’s ‘Semi-Rational’ to Hold Gold in Your Portfolio
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he sees some logic in owning gold, while declining to say whether he thinks the precious metal is overvalued after a historic run-up.
“I’m not a gold buyer — it costs 4% to own it,” Dimon said Tuesday at Fortune’s Most Powerful Women conference in Washington. “It could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.”
Gold, which traded below $2,000 just two years ago, has outpaced gains in equities so far this century, reflecting investor demand for safe-haven assets amid inflation concerns and geopolitical unrest. It continued its torrid advance on Tuesday, climbing 0.8% to $4,142.94 an ounce, extending its gain this year to 58%.
“Asset prices are kind of high,” Dimon said, and “in the back of my mind, that cuts across almost everything at this point.”
Last week, billionaire Citadel founder Ken Griffin said investors were starting to view gold as safer than the dollar, calling the development “really concerning.” |
|
10-14-25 savo
from Manya..
"On a 10-year lookback here, the S&P in gold terms is essentially at its cheapest levels since the bottom of Covid and 2016 lows."
My calculation was wrong...I thought that it was 5 years... but it is 10 years that the SPX has been in a bear market in real money.
|
|
10-14-25 victor
:-)))
El FMI mejora la previsión de España, que sigue líder en Europa e incluso supera a EE.UU.
|
|
10-14-25 victor
:-)))
Trump ha calificado la actitud del Gobierno español de «muy irrespetuosa hacia la OTAN» y ha subrayado que «está protegida, incluso sin pagar»: «Eso no puede continuar». En tono irónico, ha agregado: «Está en medio, protegida por todos los lados. ¿Qué vas a hacer? ¿Atravesar otros países para atacar España? No. Pero eso no cambia el hecho de que no pagan su parte».
El presidente ya había propuesto el jueves pasado echar a España de la OTAN por el mismo motivo, cuando afirmó que «quizá deberían expulsarlos de la Alianza» durante la visita del presidente finlandés, Alexander Stubb. Las tensiones entre ambos Gobiernos se reavivaron tras el breve y distante saludo que Trump y Pedro Sánchez mantuvieron el lunes en Egipto durante la cumbre internacional por la paz en Gaza.
Mientras Trump elogiaba a Finlandia por su incremento del gasto militar y su «trabajo fantástico» dentro de la Alianza, volvió a señalar a España como «el único rezagado» y recordó que destina solo el 1,2% del PIB a defensa, lejos del objetivo del 5% acordado en la cumbre de La Haya.
|
|
10-14-25 victor
of course spain receives automatic protection, even if it doesnt spend anything on nato..
spain has one of the best locations in europe, if not the best :-))
and sanchez is already working on 2.1% on defense spending..
nowhere near 5%.
//
Trump amenaza con imponer aranceles a España si no aumenta su gasto en defensa al 5% como el resto de países de la OTAN
El presidente de Estados Unidos afirma que España recibe protección automáticamente por su ubicación
|
|
10-14-25 pillz
Shutting down Pdvsa?
Mon Oct 13 13:20:41 2025 EDT
In advance, the answer is no. But because hydrocarbons are so essential for the present and the future of Venezuela, it is mandatory to reason this answer and put it in context. Let's see...
The complexity of our oil problem requires a very fine line. First of all, we must be clear that Venezuela's oil production is far below where it should be, at less than one third of its production capacity of 25 years ago, and below one fifth of the 5 or 6 million barrels per day that we should be producing today, according to our potential. Similar happens with gas production, where besides being less than half of our potential, more than 1 million cubic feet per day are burned or thrown into the atmosphere in Monagas, similar to the consumption of Colombia and much higher than that of Panama or the Dominican Republic, for example. As for the refineries, Venezuela processes around 15% of its capacity.
The magnitude of these figures indicates -to Tyrians and Trojans- that it is essential to rescue the hydrocarbons industry in order to bring it to levels that reflect its potential.
The future of the country is at stake.
The what and the how
There is much consensus on the what: to rescue the industry and take it to 5 or 6 million barrels, to make the refineries process more than 1 million barrels per day and to guarantee the energy security of Venezuelans. That is to say, that when gasoline is "poured", there will be enough and of good quality, the same with diesel, gas and the rest of the fuels, and that the refineries are in permanent interaction with the Venezuelan Citgo. Citgo must be saved!
That around 10,000 million cubic feet of gas per day be produced in the country, that this be reflected in the minimization of power cuts, that gas cylinders (besides being safe) be easy to acquire, that methane gas cover the maximum of the national spectrum in homes and industries. That the substantial gas reserves of the Caribbean be exploited to export LNG, among other aspects. And that there is enough gas for petrochemicals, for Venezuelan Guyana and for the country.
A dream? No, rather a reality that is slipping out of our hands, every day.
That is the what. The how, is much more complex and there are many divergent opinions, from those who believe that to raise the industry is to blow and make bottles, to those who propose assertive strategies.
Pdvsa cannot be closed
This is a fundamental premise. Pdvsa is a company that in spite of the accentuated decline of so many years, according to OPEC's secondary figures, produces more than 900,000 barrels of oil per day, of which 60 or 70% (there are no official figures) comes from the joint ventures.
In other words, closing PDVSA as a first step to rebuild the oil industry, as has been erroneously proposed by some important analysts, means closing the third largest producer in Latin America after Brazil and Mexico. And that is far from being anything.
But being the third largest producer in Latin America should not blind us to recognize that this level is far -too far- from the levels that Venezuela should have. Without excuses, we should be the fourth oil producing country in the world, after the three musketeers: the United States, Saudi Arabia and Russia.
And then, how much foreign currency would be generated by the 4 or 5 million barrels we stop producing every day? Do the math.
It is not about rescuing PDVSA.
That is another premise. The fact that Pdvsa should not be closed does not mean that it should be "rescued" to bring it to the levels of production, refining and gas that we have expressed. Something like going back to the previous Pdvsa. That is not possible either.
In 1976 the operators were fully operational, what was done when PDVSA was founded was to change the pilot and there was no need for private capital. Today the conditions are the opposite, both in terms of infrastructure and personnel, as well as the need for large private investments, which would change all the organizational schemes.
It is not about rescuing PDVSA, but about rescuing the oil industry.
In order to develop a first class oil industry in Venezuela, about 15 or 20 billion dollars a year are required, for at least 7 or 8 years. This will not come from a magician's hat, but would be the product of trust, laws and a lot of strategy. Let's see...
Investment magnet
For dollar holders to invest in Venezuela, they must feel that there are conditions to work and to return their capital with profits, because that is the idea.
That is to say, investors must be attracted like a magnet. And that magnet begins with the fact that they have confidence in Venezuela, that they feel that there will be respect for them, institutions willing to enforce contracts and that in case of settling, they will do it with justice.
Investors must also observe that there are clear laws. To this end, Venezuelans must elaborate -among others- an Organic Hydrocarbons Law (LOH) that shows a vision of an oil industry with many investments, resulting in many private and mixed companies operating, and with one or another state company very resized and without any privilege with respect to the private ones.
A modern LOH, which stipulates energy agencies for the selection of the packages to be auctioned in bidding rounds, and with a ministry of the industry of high technical quality and very well paid personnel, which designs the oil policy and regulates the business, which controls it. We must be clear, the hydrocarbons business is so important that if we Venezuelans do not control it, others will.
What has been proposed is a formula for the rescue of the hydrocarbons industry, and a lot of seriousness, because the dollars -indispensable for the rescue of the industry- do not support the tortuosities, nor the deviations from the agreements.
Energetic Venezuela with quality of life
And of course, at this point of the century, it is necessary to think of an Energetic Venezuela: hydrocarbons, hydroelectricity, solar, wind, marine energies, etc. Venezuela must become a producer and distributor of energy for the world, an energy hub. To make the most of our incredible comparative advantages.
Finally, it is imperative to direct those resources to education, industry, tourism... to make them the pivot of the quality of life of Venezuelans. Otherwise, if priority is not given to the quality of life from the exploitation of our energy industry, it would not make any sense to rescue it.
Back to the beginning... of the article
Pdvsa cannot be closed for any reason. First of all, there are more than 900,000 barrels of production. What would be done with those barrels? And would the fields and infrastructure be sold to the first bidder and at a skinny chicken price? Please...
Let's be logical, the first assertive strategy is common sense. What we have to do is to stabilize PDVSA, recover the recoverable part of its infrastructure, optimize its functions... make it ready for the incorporation of more than 100 billion dollars to the processes, according to a LOH adapted to the new realities.
We have what and we have who. There are very capable people and high performance teams ready for it. We must keep in mind that Venezuela is the country in the world with the most oil technicians per square kilometer.
It is imperative to undertake the development of our potentialities.
SID(FNWcdcbdaee2a14702d4aa5)
camz caribz ccat col devgcoz domr dvpcoz i1 ifosfl iioil ioilgas lamz pana samz ven
Provided by INTERCONTINENTAL EXCHANGE INC |
|
10-14-25 spal
For the full year 2025, K92 maintains its production guidance of 160,000 to 185,000 oz AuEq, representing significant growth from 2024's record 149,515 oz AuEq, primarily due to the ongoing Stage 3 Expansion ramp-up.
k92mining.com +1
The Stage 3 process plant (1.2 mtpa capacity) is on track for commissioning in the second half of Q2 2025 (May-June), with stronger production expected in the second half of the year following stockpiling in Q2.
Looking ahead to 2026, forecasts from the company's Stage 3 Definitive Feasibility Study (DFS) and Stage 4 Preliminary Economic Assessment (PEA) project 225,000 oz AuEq, with processed tonnage increasing to 1,059 kt at a head grade of 7.41 g/t AuEq, benefiting from the full-year impact of Stage 3 and progression toward four mining fronts.
K92 Mining's production guidance has shown high reliability based on historical performance.
K92 Mining emerges as a highly attractive investment in a rising gold price scenario (e.g., projections to $4,300-$4,900 by 2026), particularly for its high-growth profile relative to peers like AngloGold Ashanti, Barrick Gold, Newmont, and Kinross Gold.
With 2025-2026 production growth of ~20-40% (to 225k oz AuEq), K92 outpaces larger peers' flatter profiles (e.g., Barrick's modest 3-5% growth), offering greater leverage to price increases through low AISC ($822/oz co-product in PEA) and expanding margins (LOM +$1,078/oz at $1,900/oz).
|
|
10-14-25 spal
For the full year 2025, AngloGold Ashanti's production guidance remains 2.900 million to 3.225 million ounces, implying 9-21% growth over 2024 levels.
This forecast assumes continued operational improvements and no major disruptions. Looking ahead to 2026, the company has maintained similar guidance ranges, projecting annual production around 2.9 million ounces at the lower end, with potential for upside from ongoing projects like Obuasi and Sukari expansions.
AngloGold Ashanti's production guidance has demonstrated strong reliability based on historical performance. In 2025, the company reaffirmed its full-year targets multiple times—after Q1 and Q2 results—without downward revisions, and actual outputs exceeded year-ago comparisons by 21-22% in the first half.
|
|
10-14-25 spal
A Swiss court has ruled ...
Interesting case to follow. |
|
10-14-25 spal
KNTNF
K92 MNG INC
14.220.12 (+0.85%)
Same - highly sensitive to AU
|
|
10-14-25 carib
A Swiss court has ruled that regulators’ decision to wipe out SFr16.5bn (£15.5bn) of Credit Suisse bonds as part of a government-orchestrated rescue was unlawful but stopped short of ruling whether investors should be repaid.
The case was brought by about 3,000 investors across 360 cases after Swiss financial regulator Finma ordered the bank’s Additional Tier 1 (AT1) bonds be written off in March 2023, as part of Credit Suisse’s emergency rescue by UBS.
|
|
10-14-25 spal
Highly leveraged to the price of gold:
AU
ANGLOGOLD ASHANTI PL
Switched some of my gold exposure over to it. |
|
10-14-25 spal
I think that Savo must stop posting on gold :-)
===
We have found the root cause!
;))
|
|
10-14-25 panasonic
Carib, you can use spreads to reduce premium cost, and money in fixed pays enough to cover the cost.
Say you want to buy $100k of GLD, those $100k in bonds will yield something between 6~8% depending on risk tolerance.
X day overnight gold collapses 1000$ for some reason, your call will go to zero, using calls max loss is well below 25%.
|
|
10-14-25 carib
I am no expert, but call options to buy GLD one year forward appear to cost about 8%, meaning if gold goes up over 8% a year from now one makes significant money.
But if Gold, for whatever reason, goes down 50%.. one loses only the 8% wager.
|
|
10-14-25 savo
pills... what wouldit take for the US to become a serious country again...
given the post 9/11 monetary and fiscal disaster... i would say a return to some form of gold standard.
numbers:
US M2 is 22 trn dollars
the US has 8,200 metric tons of gold. One ton equals 32,000 ounces hens the US has 262,400,000 ounces of gold.
22 trn/ 263 mm = 83k
So for the uS to go to a gold standard on the basis of the amount of gold it has in its vault and today's M2 they could do it at a gold price per ounce of 83,000.
Of course they are not going to do that but it gives an idea of how far the current mess which started with the war on terror has gone. |
|
10-14-25 pillz
Investors are seeking to protect themselves from threats posed by runaway budget deficits through a phenomenon known as the "debasement trade", pulling away from sovereign debt and currencies.
Precious metals and cryptocurrencies are benefiting from their traditional haven status, with gold up over 50% this year and Bitcoin still up more than 20% this year.
Some strategists believe the debasement trade still has some way to run, while others think markets are just witnessing a "momentum trade" and that currencies and bonds are not replaceable with bitcoin and gold. |
|
10-14-25 pillz
Silver prices touched an all-time high above $52.50 an ounce due to a historic short squeeze in London and surging demand for safe-haven assets.
Concerns about a lack of liquidity in London have sparked a worldwide hunt for silver, with benchmark prices soaring to near-unprecedented levels.
The silver market is less liquid and roughly nine times smaller than gold's, amplifying price moves and making it vulnerable to a disproportionate correction without a central bank bid to anchor silver prices. |
|
10-14-25 pillz
look at this chart , jnug is up 400% this year , nobody can follow it ....
https://stockanalysis.com/etf/compare/jnug-vs-gdxj-vs-gld/ |
|
10-14-25 pillz
|
10-14-25 pillz
| What the hell is going on with gold , it's a never consolidation day , it is again up now 4130$, I think that Savo must stop posting on gold :-) |
|
|
