Rapidly growing SAGD heavy oil producer $MEG Energy Corp bought back 9% of shares on issue over 18 months at $25.85. Then the board sold the company in a 75% cash deal to $CVE for $27.25, a 5% premium of $1.40 per share, worth $355 million.

Looking forward to Say-No-Vus's third "best and final offer". $MEG $CVE $SCR 🍿

With gold at 2x the 90th %ile of AISC, the coming mining boom should offer central banks plenty of time to hoard at or below today's price. Unless the Weimar Welt scenario manifests. Which should have political consequences.

If I were 40 years old or 30 years old I would travel around to the sovereign funds of the world, mostly in the Middle East and so forth, and to the rich people, and tell them: "Look, let's squeeze the platinum market." —Marc Faber

AI=artificial investment

The Swamp of Three Crocodiles may be overstating production, pending final audit. Nevertheless, B2Gold remains criminally undervalued. $BTG $BTO

Gold up a Benji. Just another day in Shanghai.

Echoes of Treasury Secretary appointment: magical thinking in the age of fiscal dominance. While the Fed rearranges deck chairs on the Titanic, I'll be buying the golden dip.

The price of gold declined from an all-time high on January 28th of $5,627/oz to an intraday low today of $4,423/oz, a $1,204 drop (-21.4%) over 5 calendar days, the majority in 2 trading sessions. Ten years ago, in December 2015, an ounce of gold was worth only $1,045.

Gold Miners Bullish Percent Index $BPGDM hits near-record low at 3.7% Breadth washout: Only 2/54 $GDX constituents exhibit bullish P&F charts, while 52 are bearish, indicating capitulation Precedent augurs sector advance: +30-100% rally over 3-12 months Contrarian buy zone

In March B2Gold repurchased 10.6M shares, 0.7% of diluted float. Apparently the new accountant CEO has a different idea of how to run a gold mining company. $BTG $BTO