Altamira Gold (ALTA) Unlocking Apiacas
This has been a superb ride since 2019.
In terms of the review, let's consider the following parts:
↳ On the Altamira side...
Apiacas is the rainmaker, for context, after five years of waiting they were awarded this massive land package in the largest producer area in the belt. According to very good sources they have at least 1m/oz cooking here. Induced polarisation is already underway (this is where they pump a current through the rock and it comes back quicker if there are sulphates etc). For those who read the latest press release you will have seen very interesting readings there and positive signs, and with drilling starting this month drilling into 100-150m depth and they will look at gaging how far this goes down and start the next chapter.
We are +650% from the lows with both targets above cleared. A home-run for 2020 was the expectation, and a home-run was what was delivered from the Altamira Team. Very well done to those who "swung the bat" and are still holding from 4c/5c !!!
It ought to be known by everyone that is following the flows here that we have a final slingshot move cooking towards $2 in play over the coming Quarters. Highly recommend tracking 25c which is going to be STRONG support over the Summer, we look set for a quick test before a slingshot towards our final targets. For those asking about Gold (which I will come onto next) and if prices drop there, cost of production for these guys is around circa 5500/OZ, so it's irrelevant for the most part.
↳ On the Gold side...
We were tracking the highs in 2020 for Gold coming miles ahead of inflation, which is important, because the position only appears to be a temporary one, whereas in reality it can be opened up at any point via risk and further contractions in globalisation. This is true for almost 80% of private assets as we are witnessing a decisive move of capital from Public to Private markets.
All the cases of CPI overshoots just show that the function of Gold is not simply consisting of inflationary expectations, rather respective to confidence in the Public Sector. I would recommend looking to the work of Martin Armstrong - for those who have insomnia, a few pages of his work around inflation before bed time is the perfect cure.
After the test of $1,680 we successfully completed the 4th wave targets, before attempting a quick test of the highs in Wave 5, which was more skilfully rejected by sellers on the CPI overshoots. A very wide range is now in play which will be enough to take out the amateurs (and in some cases, masters too!!). For those wondering whether to start withdrawing troops, I will be updating a detailed Gold chart separately this week, as mentioned earlier, is really irrelevant from an Altamira perspective.
↳ On the Copper side...
Sure ok ridethepig but why is Copper here and what does that have to do with anything?
Santa Helena is the third leg to the stool, this is where they have a lot of copper and other minerals. They have just put a lot of Subject Matter Experts (SME's) out there to put together the exploration program there to target the high grade gold veins, and secondly the copper source. This is also at Apiacas, I think there is probably a lot of Copper there too, will keep an ear to the ground there and keep this one updated.
The financing they have achieved is going to allow them to eventually spin off Apiacas and etc into different vehicles but not till we finish the moves in Copper. For those tracking the Copper chart, it is pulling back from the highs as widely expected. We are going to mark the Wave (4) lows somewhere around $3.30 in Q3 right on time for Santa Helena in Q4 for a move into $5.
Thanks as usual for keeping the feedback coming!
In terms of the review, let's consider the following parts:
- Altamira
- Gold
- Copper
↳ On the Altamira side...
Apiacas is the rainmaker, for context, after five years of waiting they were awarded this massive land package in the largest producer area in the belt. According to very good sources they have at least 1m/oz cooking here. Induced polarisation is already underway (this is where they pump a current through the rock and it comes back quicker if there are sulphates etc). For those who read the latest press release you will have seen very interesting readings there and positive signs, and with drilling starting this month drilling into 100-150m depth and they will look at gaging how far this goes down and start the next chapter.
We are +650% from the lows with both targets above cleared. A home-run for 2020 was the expectation, and a home-run was what was delivered from the Altamira Team. Very well done to those who "swung the bat" and are still holding from 4c/5c !!!
It ought to be known by everyone that is following the flows here that we have a final slingshot move cooking towards $2 in play over the coming Quarters. Highly recommend tracking 25c which is going to be STRONG support over the Summer, we look set for a quick test before a slingshot towards our final targets. For those asking about Gold (which I will come onto next) and if prices drop there, cost of production for these guys is around circa 5500/OZ, so it's irrelevant for the most part.
↳ On the Gold side...
We were tracking the highs in 2020 for Gold coming miles ahead of inflation, which is important, because the position only appears to be a temporary one, whereas in reality it can be opened up at any point via risk and further contractions in globalisation. This is true for almost 80% of private assets as we are witnessing a decisive move of capital from Public to Private markets.
All the cases of CPI overshoots just show that the function of Gold is not simply consisting of inflationary expectations, rather respective to confidence in the Public Sector. I would recommend looking to the work of Martin Armstrong - for those who have insomnia, a few pages of his work around inflation before bed time is the perfect cure.
After the test of $1,680 we successfully completed the 4th wave targets, before attempting a quick test of the highs in Wave 5, which was more skilfully rejected by sellers on the CPI overshoots. A very wide range is now in play which will be enough to take out the amateurs (and in some cases, masters too!!). For those wondering whether to start withdrawing troops, I will be updating a detailed Gold chart separately this week, as mentioned earlier, is really irrelevant from an Altamira perspective.
↳ On the Copper side...
Sure ok ridethepig but why is Copper here and what does that have to do with anything?
Santa Helena is the third leg to the stool, this is where they have a lot of copper and other minerals. They have just put a lot of Subject Matter Experts (SME's) out there to put together the exploration program there to target the high grade gold veins, and secondly the copper source. This is also at Apiacas, I think there is probably a lot of Copper there too, will keep an ear to the ground there and keep this one updated.
The financing they have achieved is going to allow them to eventually spin off Apiacas and etc into different vehicles but not till we finish the moves in Copper. For those tracking the Copper chart, it is pulling back from the highs as widely expected. We are going to mark the Wave (4) lows somewhere around $3.30 in Q3 right on time for Santa Helena in Q4 for a move into $5.
Thanks as usual for keeping the feedback coming!
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.