I’ve posted quite a bit on BRICS on the “FWIW - Focus on Global Economy” although no one here seems interested. There’s a lot that’s going on in the currency wars between the IMF, CBs & countries aligning to replace the reserve currencies in place at the IMF. You may well be correct about the AISC. POG may be a game changer, so I thought I’d throw this out here since I’m limited to only two posts on the thread where it may be more relevant. I did grab this off the internet, but don’t know where to give credit, however I did come up with the title. POG is effecting the other producing mining stocks I have in my portfolio that I have actively been accumulating.
Price of a Barrel of Oil – Petrodollar vs POG
In August 1971, when the Bretton Woods agreement was abandoned, crude oil was priced at $3.56 a barrel and the market price for gold was $42.85. Converting this into ounces of gold per barrel gives us a value of 0.0831 ounces. Today, the gold price of oil is 0.0417 ounces per barrel, roughly half. In other words, using gold Glazyev can demonstrate that the true cost to OPEC+ of dollarisation has been to halve the value of their export revenues since the Bretton Woods agreement was suspended. By accepting a new trade settlement medium tied to gold, this US enforced erosion of oil values will cease. And to compensate for the loss of oil’s value from the ending of Bretton Woods, the gold price in dollars would have to be double that of today at over $3,800…
Now is a good time to be getting in “well drilled” speculative stocks IMO. AUMC is NOT in that traditional category and is in a category of it’s own. So, I remain awaiting more information before I take it out of the sock drawer.
MDMN may well gain some liquidity and become a trading stock on news, but I’m not a day trader. I’m just not interested in that when my money is spent on more reliable stocks that you seem to prefer. I suspect others may well jump aboard that daytrading train, but only with a very noticeable increase in volume and sustainable, frequent news.
Thanks for your imput Baldy, as I think your latest post is quite realistic at this point. Things may change, however, if the MDMN distribution awaits a price target of several cents. That would ideally take the few available AUMC shares in the float to climb substantially higher first. The strategy that can accomplish this is results of the continued progress and cash flow being made. 3,000,000 shares can become quite volatile on news, and if sustained, will drive the MDMN price per share much higher. I’d like to see MDMN climb 10X or more before any distribution takes place.
EZ