Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Gold now flying higher, perhaps we will see USD1600oz, Meanwhile the Banks will fall. BB's can you get out of Metro bank and come back in? Up to you?
Franky, P, and VV and others are still in here.
Yes Franky and Great for Gold and Silver and other precious metals - we are already moving up quite fast.
Gold now up to USD1512oz and Silver USD18.34oz both rising fast. -Happy days (even without the Fed cuts) expect further rises here.
Here we go..the slow sinking of global central bank rates and into the trap they have set themselves. This is the beginning of a descent into currency madness. Rate Cuts to zero and a ramp up of QE. Currencies and assets will start to deflate and we'll be in an even worse place than 10 years ago from which we never actually escaped. Sadly this will take 2-3 years and is terribly boring lol!:-))
I expect us to rise from here fast!!!
Bb's did you get back in in time????? Be quick!!!! here we go!!!
Trades coming back out of banks into precious metals again it would appear. Not surprised they have made profits and now will re-invest here in this market I am sure. I'd rather be here for the time being. Gold and Silver both now up in expectation and the curve is already heading upwards.
Me too Franky. Even the worst of ‘Yellow Hammer’ would have less effect than the constant fear that has been generated by the unknown even our children are being affected and that it just outrageous. Politicians and media have a lot to answer for.
On Barrick close ACA should be £2.36 and you should fall during the morning to a figure closer to that - obviously depending on PoG movements.
Gotcha!...I d hand over a gold bar or two if it bought brexit to an end. Labour s position seems suicidal to me and as for ms thornberry.??
Motoring now need 20.lol.
Brought more again at less than I sold last lot,expecting 3 quid.lol.
I don’t disagree Franky, I was just putting a worst case ‘Yellow Hammer’ figure forward - I still believe that the momentum is positive and I really hope that we are right.
1300 may be pessimistic BB..but lower rates a resolved brexit and trade war and you never know! I think there will be support for gold and a floor under it at around 1450.
After sale I would like a divi for the exploration rights and licenses Acacia have and see the G.O.T coming around more favourably which might help us, but also Barrick. Either way they look a good long term view.
I did and do blanket feed the market and this has fed my wife and I over the years since my retirement. I was becoming worried for my wifes shares until recently as I had bought her the banks, and Morrisons supermarket in other words a real mix, but those shares have been coming back recently to support the miners of late. So yes more a blanket and spread helps provide somewhere an income by not relying on any one sector. I know you went against Stobart but for me they have done very. very well and I see their Bioprocessing plant growing significantly as well as S/End and Carlisle a/port (up for a free trade port for the Uk -post Brexit) and so certainly worth a look. Good luck.
Hi Super. Not back in but getting tempted although I am fairly sure that if I took the plunge then I would be buying Barrick shares directly. We have long speculated that interest rates will fall and that the bull run of equities will have to end potentially leading to recession (I also agree that by some measurements we are already in one) and that will be good for gold - we also have to accept that a 17% rise in gold over such a short period will lead to bumps in the road - the decision is when will things turn again? My long term view is that gold will hit $1900 but I just don’t know when and have to consider it may hit $1300 or less again before then. I am heavily invested in Pm’s foolishly increasing my position substantially just before the last dip so I personally need the dust to settle before I make another move. I have diversified into other sectors as well - something I know you had done already and I probably feel better by not having all my eggs in one basket especially with INDV a defence stock currently on its knees but with significant news due on Oct 3rd so I will probably wait to see how that plays out before making any decisions. ATB
Surely the price we get will go up from here!!!! Are you back in BB's??
Just read your previous heading - I don’t understand why you believe you would get more shares - as I read it you get 0.168 Barrick shares for each ACA surely the number of shares remains fixed whatever the SP? On Barrick close yesterday it would suggest that ACA’s SP should fall to £2.34 unless there is anticipation that Barrick price will open higher to reflect that PoG is up $2.32.
Analysts seem to be indicating they feel the Fed will cut very soon, and possibly expect two cuts by year end. This might explain why we are heading back towards 1500oz.
I think the Speaker was instrumental in setting up the pantomime - his partisan antics are a large part of the reason nothing has yet been resolved - I too will be very pleased when he finally leaves. He facilitated the antics of the back benches seizing control yet he complains loudly when the Government follow his lead - we had a situation whereby the opposition had control without responsibility - a government without a majority is useless and lays itself open to abuse ie other parties and 5th columnist’s dictating the laws that the government then have to follow. We need an election so the government of whatever colour or persuasion can have a working majority and we can get on with business - nothing is or will happen with the other issues of the day until Brexit is resolved. ATB
Also agree the Commons behaviour was disgraceful and there was a complete disrespect for the Queen's representative, and the Speaker - I am glad he is leaving too. I wonder if there may be a defence for Boris are requesting for an election twice and being denied by the opposition and friends, whether that is undemocratic, and the Prime Minister can throw out the recent demand "ad initio" for him to extend the deadline, where the law change is only shown as a result of pure political manipulation and not for the sake of her Majesty's Kingdom (which includes N.Ireland, Wales, Scotland and England).
I must be mad or an addict but I keep buying these back again as a cheap way of buying barrack.lol.
Hi Super - I also watched the commons last night - I was shocked at how poorly they behaved - who could have ever thought that the juvenile actions would be a good idea? We need an election - let the people decide. Can’t happen soon enough for me.
As usual some very good points here, I must admit watching the House of Commons in action until the early hours and it is a disgrace and we are laughing stock. However I hear locally the underlying growing opinion is Boris is right and the others have completely under rated how fed up with all are, and yes we do (as Boris has said just want to get on with our lives). He might surprise the others yet. Plus I have seen the UDS Agricultural minister is already insulting the Chinese leader Xi and so I see the trade talks collapsing at this rate. They have not helped themselves and this cannot help the talks see link :-
https://www.bloomberg.com/news/articles/2019-09-09/trump-agriculture-trade-official-calls-xi-communist-zealot
22nd July 2019 - Gold $1425 - Barrick Close at 17.31
10th September 2019 Gold $1498 Barrick Close at 17.41.
Could either argue we look oversold or could argue that the market expects further drops.
Super either way, we're rich!:-)! The Fed have slowly as% fu&ed themselves. Interest rates by 2022 will be zero. They ll print money like there's no tomorrow and devalue currencies the world over. And by the way we are in a Great Depression by the definition of Keynes. AKA growth before 2008 was 3-3.5% on trend and since the crash its 2-2.5%. A depression is not like 6 or 8 quarters of negative growth which you would think , its when there is surpressed growth that isn't on trend over an extended period. That cumulative 1-1.5% of below trend growth is trillions of pounds missing globally! The Fed is in a total tangle and the next crash is totally self-made and the seeds were planted many years ago! Bitcoin will also fly as you can bet your ass that there will be currency wars and the public will realise how badly govts have failed them. All I would say, is that I think long term we're in the wrong stock with Barrick. We'd be better off holding physical gold as there's no management team to F5% up physical gold. We ought to be in a few mid-tier miners that are growing production and could get bought out! At some point we need to swap out as Barrick will never perform as well as some other smaller miners.
He could force an election?
The numbers coming out of the US are also more favourable than expected which may slow fed loosening somewhat. My instinct is that we could sink back to 2.00 in old acacia money but on the upside you have the Dow nearing in on other all time high but gold hovering at 1500!!! The yellow metal will eventually go through the roof from that base or even 1400.