Nothing wrong with that thinking Bubbleburster (great name by the way). I have a big holding as I can see where this is all going but have cash in reserve if it goes either way. I would rather have a wedge of shares kept in just in case we get some good news.
Firstly I have to say I was lucky and bailed out @ 73p Have been watching share price fall but I am not tempted back in as yet. Simplistic reason -Production costs are currently $780 a oz against a prediction of $700 Gold price down $100 per oz in last month and still falling. What does all this mean for profits? Off course production costs could fall and gold prices could rise but I am staying out at the moment until I see definite signs of a turn around GLA to you all that have recently invested.
Gold is pretty low at the minute and I can't see it going much lower so its interesting to see CEY shares holding - despite the recent drop. I have followed these shares for ages and things seem to come in cycles and I believe we may see another climb north for a few weeks. I have more cash ready to buy more if we get over 60p. Good luck everyone.
Well .. markets were expecting Yellen to revise the considerable time wording which did not happen - so the 'markets' made up another fear i.e. the rate at which US interest rates will rise .. which is simply leaking a post hoc load of rubbish to the newspapers IMO.
With QE the hands are tied. High interest rates and it will sub-prime II to include mortgages and a new one .. car loans. So the ceiling will be there for quite some time to give people time to pay off debt. Meanwhile, food proces increase and it is the net inflation of interest rates versus underlying inflation which boosts gold and that is still negative so good for gold.
Anyone any thoughts on the new Chinese Gold trading system that was supposed to start today?
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