Break up or breakdown on the way? Shares don’t look horrible.

Can’t hurt.

Mark
@Mark_IKN
·
21h
Re Vizsla $VZLA $VZLA.to, i have run this report (below) thru Google Translate and copypasted the result. Therefore not my hand, but it’s a reasonable translation of the original. It has important details of what caused the deaths of the VZLA employees.

https://x.com/Mark_IKN/status/2020907547675316342

1st Time Ever No Major Gold Discoveries in 2 Straight Years, Ounces Can’t Be Printed, Central Banks Hoovering Up Supply, & 15-Year Lag Means Structural Whiplash Baked In!

H/T TAVI COSTA FOR CHART

The chart tells a story that years of market noise have tried to obscure. For the first time in recorded history, data from S&P Global confirms that for two consecutive years; 2023 and 2024, there have been zero new major gold discoveries of at least 2 million ounces. This has never happened before.

While investors have been distracted by short-term price volatility, the pipeline for future gold supply has completely collapsed. This isn’t a cyclical downturn; it is a structural crisis decades in the making.

The old adage that “high prices are the cure for high prices” is about to be put to the ultimate test, and it will take a whole lot longer than most anticipate.

The whiplash from years of chronic underinvestment in exploration is just beginning, and it is happening at the exact moment that global demand, led by central banks, is escalating.

This is the real barometer of the mining cycle. We are not at the top; we are at the beginning of a supply crisis that will redefine the gold market for the next generation.

This is not just about gold. Major discoveries across virtually all metals have collapsed into the single digits. The global mining industry, starved of capital for over a decade, has been forced to high-grade existing deposits and defer exploration.

The easy-to-find, near-surface deposits are gone. Companies are now drilling deeper, in more remote locations, at exponentially higher costs, and they are coming up with less to show for it.

The geological reality is setting in: the world is running out of economically viable deposits to discover. And unlike software, you cannot scale mineral production with an update. The physical world has limits, and we are now beginning to hit them.

The timing could not be worse. At the precise moment the discovery pipeline has gone to zero, the world is waking up to the need for real assets.

• Central banks, watching the dollar-based system unravel in real time, are accumulating physical gold at a pace never before seen.

• Sovereign wealth funds are beginning to rotate out of paper and into hard assets.
• Retail investors, burned by the implosion of speculative tech and crypto, are increasingly seeking safety.

The demand curve is vertical, and the supply curve is about to fall off a cliff. The market has not yet priced in the severity of what is coming. This is not a trade; this is a structural realignment that will play out over the next decade and likely longer.

Here is what you need to know;

• You need to know for the first time in history, there have been zero major gold discoveries (2M+ oz) in two consecutive years (2023-2024).
• You need to know the total number of major discoveries found in the last eight years is equal to what was discovered in 2009 alone.
• You need to know this is a structural crisis, not a cyclical one, stemming from a decade plus of underinvestment in exploration.
• You need to know major discoveries are the primary predictor of future supply, and the pipeline is now effectively running on fumes.
• You need to know the typical 10-15 year timeline from discovery to production means this supply crisis is already baked in for the next decade or longer.
• You need to know unlike tech, you cannot scale mining with a software update; the physical reality of resource depletion will set in.
• And you need to know this supply cliff is converging with record demand from central banks and a backdrop of unprecedented global debt and money printing, creating a volatile cocktail for much higher prices.

Gold discoveries of larger than 2M ounces have collapsed. For the 1st time ever no major gold discoveries in 2 straight years occurred. Ounces can’t be printed. Central banks continue to hoover up supply at a record pace & the 15-year lag means structural whiplash is baked in!

Let’s Dig Into The Following:

1. The empty pipeline is decades in the making. The data is unequivocal. The rate of new, large-scale gold discoveries has fallen off a cliff. The era of finding multi-million-ounce deposits near the surface is over. According to S&P Global, the number of new discoveries containing at least 2 million ounces of gold has been in a state of terminal decline for over a decade. There hasn’t been a year with double-digit discoveries since 2009. Why when we put the current crisis in perspective, the total number of major discoveries made over the last eight years combined is equal to what the industry found in the single year of 2009 and that’s a huge problem moving forward!
2. Since all of the easy to get to deposits have been mined over the last 15 years, the industry is now having to go deeper and into more remote and geopolitically risky jurisdictions to find new deposits, making the process exponentially harder and more expensive. Why the market has been conditioned to believe that supply is a function of price, but it is forgetting the most critical input: geology, and the reality is that the deposits simply aren’t there to be found in the way they once were!
3. Now the cure is broken. The classic economic mantra is that “the cure for high prices is high prices.” In a normal market, a rising commodity price incentivizes new production, which eventually brings the market back into balance. This time is different. The supply response to the current bull market in gold will be shockingly muted for quite some time, not for a lack of trying, but for a lack of viable projects. Why the chronic underinvestment in exploration has created a structural deficit that cannot be fixed by a higher price alone any time soon!
4. The 15-year lag reveals that you just can’t print ounces. The market’s short-term focus is its greatest weakness. It fails to appreciate the immense lead times inherent in the mining industry. Even if a company made a world-class, 10-million-ounce discovery tomorrow, it would take, on average, 10 to 15 years for that mine to enter production. How the single longest part of that timeline, often taking up to a decade, is the process of resource definition; drilling tens of thousands of holes to prove the size and scale of the deposit to a level sufficient to justify the multi-billion-dollar investment required to build a mine and for the first time in history, the very first step in that process; discovery, has ground relatively to a complete halt!
5. And all of this is a volatile cocktail that is creating an oncoming cliff. On one side, you have a future supply curve that is not just flattening, but is set to fall off a cliff unless something major changes, soon. On the other side, you have a demand picture that is exploding. Central banks are buying gold at a record pace, desperately seeking an alternative to a collapsing fiat currency system. Why the collision is inevitable, as a structural supply crisis is converging with a monetary and geopolitical demand crisis and thus the recent volatility is merely a tremor before the massive 10.0 earthquake hits us!

Basil the Great
@BasilTheGreat
🚨🇬🇧 In the UK, a child at a primary school was branded a racist for refusing to take part in Ramadan

The child said – “Why do we have to do that? I’m not doing that. Do I have to? If I don’t will you make me?”

The school responded – “This will be added to your child’s behaviour record and the schools log of racist incidents”

Children are indoctrinated
If you refuse you will be punished
The Islamisation of the UK continues

https://x.com/BasilTheGreat/status/2020778537800630416

Well, when we get around to it, it should be one heck of a move higher.

Have to give some back today it looks like.

Rates are slipping a little again.

but looks like we are building power to break out, by consolidating under the line

The Adirondack
https://www.railpictures.net/photo/892941/

On the other side although not politicians or woke or snowflakes I noticed that people who don’t complicate things, don’t worry about things all the time not very political either and leave things up to God although you as a medical person still have to watch out for them are the ones who live to be centenarians.

For some people! I know that bribes grease the wheels of congress.

Don’tcha know that bribes trump common sense?

I don’t think most of our current politicians would pass your “common sense” test. Common sense is very rare in the political world!

I think your GDX/GLD chart finally breaks up. Although I’m not sure if that makes me intelligent or stupid. 🙂

What a day!

Hello glad to see people on here sharing information from around the globe.

I’m aware of this form of medicine in different names through time. If you can find one your lucky. Unfortunately these days from the days of country doctors to then with the invention of world wide communication especially after the internet evolved to expand what they call alternative medicine corporations for profit were emerging. These corporations have policy’s the doctors have to go by. There was a attack on private doctors requiring them to be hooked up to hospitals, billing etc that was quite expensive and needed to hire extra help by people knew how to use them. What they were doing is forcing then out because of the expense in the hundreds of thousands. During that time cost to patients skyrocketed. If preventative didn’t come with a pill by big pharma they couldn’t recommend it. They either retired or forced into a employee of different groups and with it narrowed the scope of practice. That also split up what one would call private, alternative or group healthcare.

That was a good saying. I always thought they should invent a common sense test. Because common sense is not very common. And people that can’t pass it, should not be allowed to vote. Or even not allowed to run for office. Just ten questions on it.

#1 would be, “Does gun control make any sense”? and number two, “Do open borders and allowing millions of people from third world nations make sense”? “Do wind farms make any sense”. Yes to any questions like that and they fail.

However, if it ever happened, a common sense test, the idiots would figure out the answers before taking the test LOL.

The things Europe was good at that I’m aware of  like Culture, unique and historic architecture, art, agriculture and food, tourism, education and science, Christian influence, industrial, that are now all being oppressed or destroyed by moronic  ideations like net zero, wokeism, and globalist mass migration of everything anti European aforementioned further burdens upon them, and not for the better. Globalism by pedo baby and human eating monstrous freaks with not enough to do  with a lot of money who want free slave labor renting everything from them but too stupid to realize they depend on the  people and system they want to abuse and treat so badly that sustains them. Just another level of criminal abusive  type welfare kings and queens.

The problem of the world is that intelligent people are full of doubts, while the stupid ones are full of confidence.

Charles Bukowski

I think Australia is a pretty safe place to invest in miners, better than a lot of other countries. Lots of gold there too!

KOW

Cheers

Here in the UK we have no gold/copper  mines and I fancy Australia is a good safe place to invest with a long mining history which

the government supports.

Could be that these OZ mines  will be making fortunes…..

All the best

Mitch Summers’s Post
Mitch Summers

18h
·
A chilling proposal surfaced on the sidelines of the World Economic Forum.
Speaker Lindsey Hooper suggested that water, soil, and even oxygen should no longer be freely accessible, but instead classified as assets and placed on a global balance sheet.
What once sounded like a dystopian joke about paying for air is now being openly discussed as a real possibility.
If the very basics of human existence are monetized, who controls them, and who gets left behind?

https://www.facebook.com/100044636400172/posts/1450729386424928/

re: Aussie miners joining S&P/ASX 100

I’ll be glad to see it, then buying or selling Westgold Resources won’t cost me a $50 commission like it did last time!

Cheers