Goldexperte Bußler: Eine Verschnaufpause - dann 2.000 Dollar

A warm welcome ladies and gentlemen, a warm welcome to 2023 and at this point of course a happy and healthy New Year, that's what everyone wishes for and yes, deep down we can't complain, we're off to a furious start . , we saw it before if we think about where we were in November and so far we have seen one of around 260, depending on the day, up to $270 and that is a pretty impressive performance within 8 to 9 weeks of the gold price and the day and I think that we are already overdue for a correction. Of course, I would also prefer that we always climb to the top, but I.

I also don't think it would be too healthy to go back to this area of ​​the 1880s and then go in the direction of 1940 to 1960, but I actually think that a correction at this point would be reasonably healthy and yes, overall, it would even be beneficial for All this in the medium term there may be bullish correction objectives again. There will definitely be an area of ​​the 200 day line, so it could definitely get close to this area from 1800 to 1780. Of course you think, wow! , that will be $100 down here, but when we see that we have gained $260, now it is quite justifiable to lose $100 in the short term.

Then it should rise towards $2000 and then that figure could definitely be reached in the spring. Will it be the trigger for the correction from a fundamental point of view? We have today the inflation data that will be published today at 2:30 p.m. with an average inflation of 6.5% or with an inflation of 6.5% because then that fear of interest rates disappeared. I think that will continue to be the case at the moment, which is why we say that weaker inflation initially is good for the gold price, because then the same thing happens. This fear of interest rates knows a little bit what it looks like. ?

We have the central bank meeting in early February and around 75% of market participants currently expect that the 25 basis point ignition step will not be emphasized politically and there is still a small minority who expect us to increase by 50 basis points. but actually I think that if today we are below 6.5%, the income will come from inflation and then this proportion of the increase in interest rates will rise again from 0.525%, of course we have another event and at 17 :30, my colleague Bullert. de Fett is talking about, um, so far it hasn't necessarily been a place of good mood for investors, so he's going to talk again about some event, I don't even know what it is, and traditionally it's been in the last few The time will always be very high, it could be that some sturgeon arrives earlier, then of course we have more monthly progress starting January 21st which starts or it's Chinese New Year, they have a completely full holiday week.

Now you could definitely have the spider story that right now, of course, demand in China collapses and that can lead to a correction in gold. By the way, it was quite interesting, it was a very interesting anecdote. TT Security, the Canadian bank, was very, very negative for the gold price. I have repeatedly emphasized that having a strategic short position and experiencing it is what you deserve. He was in the right place for a long time over the summer. In the fall, they also emphasized again that it would go lower and they wanted to maintain their position and even expand it and then the price of gold rose to $250 and now she has published such an article or some research says who she is. the sinister gold buyer and they said I haven't changed anything in the environment, there must be a Goldwell like a big buyer in the market somehow, I extraordinate the Chinese state for that.

To be honest, I have to say that a lot has changed in the market because expectations about interest rates or expectations of high interest rate policy have changed dramatically and now I think we are all doing that. Now I'm trying to say that this physical demand is really the determining factor. the price of gold, that is a bold thesis on the part of TT securities, so like I said, I think we will first correct it in the coming weeks, of course, we will keep an OPEN MIND about it, so of course We keep all options open saying that if it really proves that the price of gold wants to break here, we will not object, we will be happy if that happens, but the normal reaction at this moment would be that We could first correct a correction of a few

dollar

s, that is from 80 to $100, maybe not so bad.

We have already seen corrections in the price of gold because the precious metal always tends to take everything to extremes. silver price, then we can see that there is already some weakness, so silver in Performa percentage, we have gained almost 40%. The silver price was very far from these and that of course was even stronger than the gold price, but we have already corrected that in the last few weeks or in fact since the beginning of December. We have not been in a correction, but in a consolidation phase, of course, at the high level. This $24 here has definitely turned out to be stubborn resistance and I Think about gold, I really want to address this extension or this extension in the 1940 1960 area, the price of silver actually has to move towards 26 60 2650, something like that it's rising and we don't see that right now, but of course I can say, hey, it's a little plateau formation and then it goes back up here, but the tags tend to be a little bit bigger and they're also a little bit more volatile, but here too, of course, if gold, if silver shows that it wants to break. above $24 then I would definitely be happy to take it with me so there is no doubt but here also the correction is usually again 40% recently without a broken leg in the case of the metal.

Maybe healthy and maybe with sights set. Looking ahead to the rest of the year, it is definitely interesting, because I still believe that the price of silver should reach at least $30 this year. It was also especially satisfying that the big producers were present. A huge trading range for a long time or caught in this huge sideways movement was connected with this upward movement that once Barrick Gold announced by the way that they want to expand in Saudi Arabia, so woah, mining expansions and in Pakistan. Saudi Arabia is trying to do the easiest thing. countries on this planet and anywhere To do projects if you are not a big fan, especially of this Pakistan project, but yeah, you probably won't tell me what I think about it, so you can say that they already know. what they are doing, but history also shows that with those particular projects that take place in very, very difficult political areas you always have to exercise a little bit of caution, even though the price of gold goes up, and that's what is doing in Right now, in early December, this breakout also took place here, of course, if you look at it right now, it was low right now and now I was doing pretty well in terms of performance. , a pullback to this exit level would be somewhere in the 1700 area, I think on the 17$ bet chart now there is no leg but also nument Hashtag I have a moment Stocks I also have to put something together for a moment, This extreme side pain we had here during the summer and a little in the fall has now ended and now appears to be upwards.

Clearly someone wants to be the only value or the only gold that is a P500, so of course you have a certain special. position here I always resign if I have stocks that I'm discussing here because otherwise, of course, there could be a conflict of interest, but that's always a little tricky if you think it's five percent human or something. well, it's not like that, it's actually a very, very small position in my portfolio, but as I said, I encourage myself a little to always give it my all, I do that too, but it always ends like that.

Impression guys, one of my all time favorites, that's not the case, um, if I bought the position back then, I think it's almost an advantage now and if you include dividends, it's always something like that, the big producers gold still Forget that you definitely need to pay attention to the dividend figure and given the price of gold, it is very likely that they are still expensive and already highly valued. I don't see it with the best will in the world when you look at it. on dividend yields and a lot of them, which are still very, very respected historically, would also be very, very cheap, but they are always concerned about what metrics are used to measure the valuation of a company, so no one, I have some portfolios of stocks, not a big position in the stock market, now preparing to end this sideways trend Barack, although I am already a little better, but also in terms of human life, honey, it's over if you finally want to say something bullish , of course If we see a correction now, then it can definitely reset here again in the range of 48, maybe 46, that wouldn't be a big deal on the part of the chat tech and also the big Australian producers.

Others have been shipping since then, among other things, the new Chris has been a problem child this entire time, even an older problem child. By the way, the evolution was mine and it also seems to be finally coming to light now and if you look at it in the pioneers here. then you can see it. An impressive performance was already achieved at the beginning if you look at the relationship now in particular with the other Australian gold producers mentioned, such as the new Crash Newquest or Evolution Nighting, so there is also something happening. Down Under, which gives the impression that things are slowly gaining some momentum, that's where it comes as well and, as I said, just from the beginning it has been performing very, very strongly in the last few weeks and the others are now catching up gradually, so maybe just since I was the pacesetter or the pioneer and I think you still have a real potential for improvement because maybe for many others, the last figures were very good, the next ones will come in January and Then we will see how the semiannual figures work.

They are getting paid for this failed business, as the FY 2010 numbers also look very, very good. There were rumors here, there was a house search somewhere and there were rumors that they were involved in bribery accusations. but now we have been able to vote a little more, now there were 16 together. Amade has now presented production figures. Martin had 333,000 tons and 33,000 tons of copper produced last year and now has production targets for the current year. around 400,000 tons. How do you want to produce the campaign? The copper ball also seems to want to break upwards, so overall it's a decent combination of good graphics technology fundamentals and, well, good basic work on the part of. the price of copper, as I said, there was a weakened draft, so keep an eye on that, but I don't think the other license belts are covered, so it's certainly justifiable, but like I said, it shouldn't affect the license.

For Kamor Kakula either way We still have something like that. Mining also reported figures yesterday. They reported full-year 2022 production of 122,000 ounces, which was about half of their own forecast, which ranged from 115 to 140,000 ounces. Next year should be better again. An increase in production should be achieved again and, um, yes, the stock is still stuck in a bit of a sideways trend at the moment, but it always has to be said that the stock did not lose. as much as some gold producers, so I think the stocks have gone down as interesting as before, they can be there if in the next few days they see what they were waiting for, the small correction or a medium correction, they can still collect a little more cheap, but I think there is nothing wrong with one that will definitely have growth potential in the direction of the 250,000 growth path later.

Then we will also be able to have an annual production of 500,000 ounces, whether we do it under our own management or If at some point the company will be absorbed, we will see what happens, I definitely have to stop this habit, which bothers me even in the numbers which we ourselves said yesterday, reported a production of 9 million. ounces of silver equivalent, 9 million and even more than we expected, the upper limit of the forecast was 8 million, our silver equivalent and clearly we will not have made any money last year because you have production costs of about 20

dollar

s, that is exactly what they usually have below 20 dollars, but there is also a cloud in it, you have to look at this current year of the income source, which is the case now between $23 and $24, that should be at least in the black zero area and then it should return to profit as silver prices rise and that in turn should serve as a very, very good lever for the stock, so here too it is an interesting investment with a still there are a lot of risk taking or relatively small silver producers so that's it and again that's it from me.

I wish you a good rest of the week and I'll see you next week if you want and um, like I said something. If this correction actually occurs, it is not known.worry, don't worry, I think this is definitely an interesting opportunity to buy again or for those who are not invested in the sector it would be a good buying opportunity if God decides and just lets it go. silver go up I'm the last one so I hope you have a good time and I'll see you next week if you want