Nine
5.2K posts

Nine
@HeadedNine
Gold alpha provider for those who listen. Deleted my main account after the be kind brigade cancelled me.

$XAU #gold Gold nuked with the hopes of rate cuts from various central banks being crushed. But public spending isn't going down, it's actually accelerating. I think this tap of daily MA100 is an opportunity.






Back to back gap down days in GDX/GDXJ to the 200ema and support. This leg down is most likely done.

$BAC's new strategy, BABO (Bank of America Always Backs Out?) in real time. Yesterday: The US bank, $BAC, has told clients that European companies are among the ‘most exposed to private credit shocks’ and named 17 financial stocks to short. Two hours ago: BofA apologises for bet against European private credit. US bank says recommendation has been withdrawn ‘based on a review of new information’ YOU CAN'T MAKE THIS UP.


US BANK REGULATORS UNVEIL PROPOSED NEW RULES EASING LARGE BANK CAPITAL REQUIREMENTS




Back to back gap down days in GDX/GDXJ to the 200ema and support. This leg down is most likely done.



The opportunity to buy Hecla is approaching. The buy window is $15 to $19. We probably won't see $15, but we could get close. Let's value Hecla at $150 and $200. This is a strong asymmetric bet if you think silver is going a lot higher. $150 silver / $6000 gold: 15.5M oz ($150 - $35) = $1.8B 145K oz ($6000 - $3000) = $435M FCF = $2.2B x 25 = $55B $55B vs $13.8 = 300% = $80 stock $200 silver / $7000 gold: 15.5M oz ($200 - $40) = $2.5B 145K oz ($7000 - $3500) = $500M FCF = $3B x 30 = $90B $90B vs $13.8 = 560% = $132 stock Let's just pick the middle: $100 target.















