Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today
Discussion: BOA on Miners
Premium: BOA excerpt/ Financial News
Discussion:
BOA's Latest Report Reveals Massive Shift
Report covers:
Net asset value, reserves and resources
Price to Net Asset Value (P/NAV) for North American Gold and Precious Metals Producers and Royalty Companies
2025 PRODUCTION guidance
2025 CASH COST guidance
2025 ALL-IN SUSTAINING COSTS (AISC) guidance
2025 CAPEX guidance
much much more
And much more in tables and graphics. Plus, an excellent summary of how Gold got here for your non-metals pals to read.
For now, we’ve included some P/NAV and EV/EBITDA sensitivities at bottom
More excerpts at bottom…
GoldFix Analysis:
Markets Recap:
Stocks ended higher in choppy trading as investors weighed latest economic data and U.S. trade policies. Shorter dated Treasury yields rose on improved retail sales. The dollar weakened, while gold prices continued its surge. Oil prices ticked up on U.S. attack on Houthis and encouraging Chinese economic data.
Continues at Bottom…
Market News:
EXCLUSIVE-Intel's new CEO plots overhaul of manufacturing and AI operations Intel's incoming
Quantum computing, AI stocks rise as Nvidia kicks off annual conference
Tesla launches free trial of assisted driving service in China
Trump administration seeks delay in Nippon Steel case for merger talks, filing shows
Chevron buys about 5% of Hess stock Chevron
Full stories in premium at bottom…
Geopolitics/ Politics:
H/t Newsquawk for Geopol
Data on Deck: Fed Decision
MONDAY, MARCH 17 U.S. retail sales
TUESDAY, MARCH 18 Housing starts
WEDNESDAY, MARCH 19 FOMC interest-rate decision
THURSDAY, MARCH 20 Existing home sales
FRIDAY, MARCH 21 None scheduled1
Summary and Final Market Check…
Premium:
Full report at noon…
