Top Hedge Fund analyst signals move to gold miners.

[Hydrogen]

Kieth McCullough of Hedgeye has just signalled buy gold and specifically buy gold miners… GDX . Now This guy runs a very successful outfit.

His hedge fund clients are up 30-50% this year being long dollar and gold and having sold short tech, whilst accurately calling the bear market from Dec21 /Jan 22.

Meanwhile... the average US hedge fund is 15% down. The Crypto bubble has imploded.. And HedgEye who broke the FTX fraud a month prior to the $30bn bankruptcy...

These guys don’t make macro mistakes. They are calling the mother of all recessions. And what do you do in a recession - you buy gold and miners.

He’s had 32 consecutive profitable trades this year, shorting profitless tech, High Yield Junk, commodities and currencies; Yen UK£, Euro, while being long dollar and gold.

So while JPM sells 4m on Friday to try and shake out GGP shareholders. (Who are blatantly not going anywhere...) HedgEye - calls massive buy on gold miners...Which means a load of Hedgefunds sat on cash, will buy gold. Because it's not just Keith that as access to the fractal math, will have made the call.

And that's exactly what JPM don't want YOU to know. Gotta love KM he's always 12 steps ahead.

I said gold was about to go much higher a few weeks ago. I called End November Early December... (We're almost there). Thanks Keith!

Hmmm. This is the crap that the big boys put out: https://www.businesstoday.in/crypto/sto ... tory_share

If JPM sell GGP - just do the opposite. IMO

[James]

JPM sold 4m GGP on Friday? How would you know this?

[Hydrogen]

I was being sarcastic James - it's speculation on my part as is all commentary... and as investors in a gold exploration and development company, we are all speculators... but Ortex will no doubt indicate something in the coming days. As you know they haven't gone away and they have a reputation for dumping large at price lows to try and break price down...

Pierre Lassonde Says if you have a copper gold project with a 50 year life... you have 'Nirvana'.
https://www.youtube.com/watch?v=4AbhSN9_Py4
"THe juniors are trading for a fraction of their value and they cannot raise any money ...." >>>>> NOT GGP.

Welcome to Nirvana.... No wonder they continue to play silly buggers. And No wonder Wyloo came in to take them on.

"It's 1 in a 1000" but we made it ...

[Hydrogen]

63.84m shares on loan, +970k

Hey freddie prepared to bet you a sovereign this jumps to 68m tomorrow or Thursday.

[Aiming2please]

What’s coming tomorrow or Friday

[Aiming2please]

Thursday I mean

[Hydrogen]

Just a reflection of my suspicions regarding the 4m sell last Friday.

[Hydrogen]

Here’s the truth folks… free to air and no paywall:

The analysis Old Wall Street and JPM don’t want you having access to:

https://twitter.com/Hedgeye/status/1595093985831579650

https://app.hedgeye.com/insights/125281 ... t-insights

It tells you why gold will move as predicted November/December 22 , and how to prepare for the next period of inflation adjusted negative growth/gdp.

… and it’s not what most people think!

But gold is at the core.

[Aiming2please]

Was there not a 4M buy after hours yesterday though

[Hydrogen]

Yes a 4.8m buy. But it had no impact on the price.

[zoros]

Ortex - no change.
Next guess Hydro?
Z

[Hydrogen]

Yes fair enough Zoros… well done. My take/guess was apparently incorrect. Personally I think it feels like we have a large buyer at 7.6p though. Could it be wyloo or Beetham They are holding it here until their order is filled and/or seller exhausted… patiently shaking out the impatient. So the 4m sell was probably not the short…so what? It could have been a frustrated/distressed PI… The corresponding 4.8m buy was very encouraging. Suggests they just wait and sit, till any selling is over and load up. As Tymers says, “it matters not” in the grand scheme…

Gold is now bullish trade and trend, and heading north, miners in tow…. PLUS soon enough a proper DFS will deliver a much larger project (which isn’t designed to take the piss out of GGP.. ) And a shiny new MRE will be on the table.

As Sam Garret said “With Forrest on-board this definitely gets mined”. ( Thanks Jordan for sharing ).

Couldn’t agree more…. Happy to sit and wait. And see what the proper take on Havieron delivers.

Remember the absolute huge number of marginal ounces and leverage that comes into play with $2200 gold at Havieron …?

Frustrating for now. But whoever said investing was easy.

[Hydrogen]

Wondering why gold hit 6 month highs yesterday...?

Because the GVIX - gold volatility index - now has a '14' handle on it.

This has been noticed by hedge funds in the know that understand this stuff.

That puts gold fully in the investable bucket ... https://www.barchart.com/stocks/quotes/$GVZ

The Nasdaq volatility is in the high 20s... ie rather close to the mother of all Crash modes... (30+)

I expect gold to react positively to Powell's rate hike tonight.

[Hydrogen]

Hedge Funds ditching stocks and buying gold according to this advisor…

https://app.hedgeye.com/insights/131108 ... hedgeye-tv

[Hydrogen]

So I was watching Kieth Mcullough on Friday discussing the next catalyst for gold which is 100% incoming this week.

I see the GVIX still has a 16.4 handle … fully in the investable bucket….

Probability is, that US will hit on a negative GDP number next week.

That will send the long end of the curve down and gold will move structurally higher. Remember, The fed controls the short end the market controls the long end.

SO - Will the Fed turntable dovish on Friday? Nope. 'Rates will be higher for longer'.

Some market participants think raising rates is bad for gold, when actually it just inverts the yield curve even further. This is bullish as hells bells for gold.

As the long end breaks down, negative real interest rates proliferate in long duration assets... and gold?

Gold explodes higher.

In other news, Hochschild Mining just hedged 27,600oz of gold from March to December 2024 at a price of $2,100 per ounce.

Hmmm....

Rather Interesting the counter party happy to take that on risk. That’s $58m worth of gold. Says they think gold likely to be well north of 2100 on average.