Computer Assisted Fundamental Analysis (CAFA). Better stock picking via systematic value+growth, expert systems. Cycles. Join us @ https://xitter.cf/t.co/ufbU4pY4d0
Joined January 2021
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FormulaStocks retweeted
Shenzhen gold hub sees crowds as spot prices slip below $4,000/oz
Gold prices fell over the weekend, and the Shuibei market — a gold jewelry manufacturing and trading hub in the southern metropolis of Shenzhen, South China's Guangdong Province — saw a surge of visitors. Photos posted by netizens on Chinese social media platforms showed some aisles so crowded that people could barely move.
Netizens flooded the platforms with posts like "There are more people here buying gold than you'd find at a vegetable market," while "booming" and "packed with people" became buzzwords. (Global Times)
FormulaStocks retweeted
#Gold #Juniors Historical chart of prices paid for M&A . Gold is double the price as 2012 yet juniors still trading 3-5x below that peak. Senior producers desperate for replacement resources. FCF at All time highs ,no debt , cash in the bank ,buying back shares. M&A rush coming
FormulaStocks retweeted
It's subtle, but it's there.
#silver has a positive divergence developing on the RSI. The price is setting a marginally lower low, while the RSI is not. This doesn't mean it can't fall any further, but it does mean that the sellers are becoming exhausted. Unless something fundamental changes, the price is about to bottom.
FormulaStocks retweeted
🔥Silver Flows Back Into India as Import Curbs Ease Before Diwali
🚨INDIA EASES IMPORT RESTRICTIONS ON SILVER AS GLOBAL SILVER SUPPLIES TIGHTEN
"India’s silver imports are set to rebound in time for the busiest jewelry-buying season after the government issued a raft of new permits, easing restrictions that had stifled shipments to one of the world’s biggest markets.
Traders and bank dealers this week received quotas covering as much as 6,000 tons of silver, according to four people familiar with the matter. The permits are valid for six months, said the people, who asked not to be named because they’re not allowed to speak publicly."
bloomberg.com/news/articles/…
FormulaStocks retweeted
That's 20% of annual supply gobbled up in 6 months, and silver prices are down 56%. 😂
🚨BREAKING HUGE: INDIA AUTHORIZES IMPORTS OF UP TO 209 MILLION OUNCES OF SILVER OVER THE NEXT 6 MONTHS⚠️ 👀
🇮🇳While silver prices endure a BRUTAL BEATDOWN, Indian authorities just quietly authorized imports of 6,500 metric tons of silver over the next 6 months- a full 1/4 of GLOBAL silver production‼️
🏦The bullion banks just collectively shuddered...
FormulaStocks retweeted
🔥1-MONTH SILVER LEASE RATE JUMPS TO THE HIGHEST IN OVER 2 MONTHS‼️
The PHYSICAL market for silver is rapidly tightening, even as paper silver is dumped by the algos & banksters…
Chart courtesy @KarelMercx
FormulaStocks retweeted
This afternoon Beijing time, China's markets surged strongly, and gold miners rose. It is rumored that the central government will launch comprehensive measures to stimulate economic growth, including fiscal, monetary, and capital markets, reducing interest rates, etc.
FormulaStocks retweeted
India has issued permits to import around 6,500 metric tons of silver over the next six months as the world's biggest consumer of the precious metal seeks to meet festive-season demand
business-standard.com/econom…
FormulaStocks retweeted
Silver’s Buy season in the on deck circle
India has issued permits to import around 6,500 metric tons of silver over the next six months as the world's biggest consumer of the precious metal seeks to meet festive-season demand
business-standard.com/econom…
FormulaStocks retweeted
Newmoint $NEM looks to have posted a very strong Q3 report.
newmont.com/investors/news-r…
FormulaStocks retweeted
🪙ETFs Increase Gold Holdings for 5 Straight Days
Exchange-traded funds added 90,200 troy ounces of gold to their holdings in the last trading session, bringing this year's net purchases to 2.62 million ounces, according to data compiled by Bloomberg. This was the fifth straight day of growth.
The purchases were equivalent to $373.5 million at yesterday's spot price. Total gold held by ETFs rose 2.6% this year to 101.6 million ounces, the highest level since July 22, 2022. (Bloomberg)
FormulaStocks retweeted
The mining industry is the most profitable sector... And no one seems to care.
Mining as a percentage of portfolio allocations sits at just 1%.
At the same time, it is becoming increasingly clear that inflation will be the defining theme for at least this decade.
During the inflationary 70s, you either owned hard assets or you were left behind.
I expect history to repeat itself.
FormulaStocks retweeted
Gold has already corrected nearly as much as it did in 2008.
Yet many are acting as if the selloff has only just begun.
I see an opportunity.
If this is the secular bull market I believe it is, we won’t get many chances to buy after a pullback like this, in my view.
tavicosta.substack.com/p/ech…
