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I actually totally agree with this and Shanta and gold stocks are the best place to have your money as a insurance against it all
They can keep kicking the can down the road for a long time still, imo.
It's also worth noting that pretty much every recession is preceded by calls for a soft landing, and a stock market hitting all time highs. Everything is rosy until it isn't, and every "analyst" will be putting out higher and higher SP targets right up until the bottom falls out, partly driven by their own incompetence, and partly by the need for exit liquidity.
Don't be a bag holder! That doesn't mean "sell now", but it does mean you should be ready to sell out when the time comes. Ive personally been selling my equities in tranches - DCA in and out. I'll almost definitely miss some of the blow off top, but I'm similarly convinced a hard landing is coming and THIS TIME I WILL HAVE DRY POWDER
That long....6 months more like
Another Stock Market 'correction' is imminent/inevitable imo. I give it 2 years max.....
Https://tradingeconomics.com/united-states/government-budget-value
"The US government budget deficit widened to USD 314 billion in November 2023, from a USD 249 billion gap in the same month of the previous year, and came above market expectations of a USD 301.05 billion deficit. November figure, was a record for the month and the highest since March, driven by significantly higher interest costs and other expenditures. Revenues witnessed an increase of $23 billion (or 9% from a year earlier), reaching $275 billion. Meanwhile, outlays experienced a substantial jump of $88 billion (or 18% from a year earlier), totaling $589 billion. The increase in interest payments on U.S. government debt accounted for $25 billion of this rise. Debt costs has been rising since March 2022 as a result of the Federal Reserve tightening cycle to curb inflation rate"
No one seems to care, VIX at 4 year lows, US Stonks still being pumped. The ponzi shows no sign of being dethroned.
Looking forward to a little pre Christmas Shanta rally
Break of 12.50p we zoom much higher
Added 100,000 , worth 20p plus
Very very confident
You can't help the insults can you....oh well...think everyone on here knows your just a ramper for your own gain, good luck to you...
You’ve not posted anything negative that’s my point
I’m actually very happy for you to post anything negative that’s more useful.
In the meantime I see I’ve made a mistake engaging with you as you seem to be a little simple. I say that in the nicest possible way.
Oh dear, insults and desperate over ramping...not good...your obviously in too deep and hate anyone who posts anything remotely negative...sad...
Dave I’m not a school kid like you , if you look at my posting history the last 6 months I’ve been here and I’m well in profit as I got lucky buying 9P area so forgive me if I am more than happy with my investment performance and I am happy to ride the fluctuations.
And on the contrary I am very relaxed as Shanta is a cash machine with zero debt undervalued massively.
But what is clear is your panicking
That’s why I say you’re boring as hell because you post nothing of interest with no research , opinion or anything of use.
You may as well post
“Just had my breakfast it was underwhelming”
Or “just been to the toilet”
Do you understand my point …your posts are pointless. Do you really think people are bothered about a small drop in gold !
Your sounding increasingly desperate and boring yourself Publican....in too deep??
Also Dave what makes you think Shanta won’t be going higher even if gold loses a bit. I cannot imagine much appetite to sell this low with all that’s to come
In fact a little surprised it’s moved under 12P
Must be a few traders , but they can soon be locked out.
Shanta could put out the exploration results tomorrow and it gets a shot in the arm. Or it just solidifies this level
Either way I’ll be ecstatic if I can pick more up in the new tax year at anything under 15P
Dave, the spike to 2100 is as irrelevant as the drop to 1800. What matters is the average, which is at an all time high.
Price of gold is sensitive to the yield curve in the short term. Longer term it'll reflect money supply, which is going UP UP UP. Difficult to time exactly when something breaks and deficit spending kicks up a gear, but when it happens the move will be dramatic. Just my two cents
Can we name you boring Dave ? I bet you won’t let us know if it rises tomorrow :-)
Doubt anyone’s concerned as the trajectory is almost certainly up for Shanta
I’m more than happy with gold anything above 1800
Shanta was valued higher with 1 mine and gold at 1500 !!!
Depends on ones time horizon imo. Don't invest everything in one go, DCA. If you only invest a small amount and it flies up immediately, don't beat yourself up - you'll make money being patient imo
PoG down $27 as I write....
Are you not going to tell us golds down 20 dollars Dave ? We are all not in the loop like you.
That’s the game Dave , your out
If Shanta release something tomorrow you will panic and buy back in 10% higher
Hey do what you want , I’m only joking and everyone can trade/invest/
I really don’t care ,
What my point is your so boring with it
“Gold dropping”
Personally I think it’s exceptionally healthy that traders exit at the lowest possible point so stronger investors can accumulate into sticky hands.
It’s to risky trading Shanta for me but i guess their is money to be made for the lucky
But day the price moves to catch them out and all the gains are normally irrelevant.
Shanta is an investors stock now based on fundamentals.
Gold will suddenly break over 2000 at a moments notice pretty soon is my take but like most I’m happy for gold to be this area at the minute.
Shanta is a cash machine at the minute and I’m interested to see the market reaction when they announce they are net debt free in a month or so’s time.
Surely the SP will be at least 13.5P level in anticipation so todays SP is a gift.
A spiteful rammer, not a good combo...
Dave I will laugh so hard when your buying back higher :-)
"PoG off another $10, if US bond yields rise again this week on unfavourable interest rate news there could be further falls...."
It was bouncing off $2000 in november but couldn't quite stay above - in reality it's now more or less bouncing off $2000 and struggling to get below.
Lots of factors affecting gold, interest rate news is one - interest rate decision may affect things but only short term as it's not the biggest driver now, in my view.
The USA economy is in deep trouble as the media, banks and FED play around with data that are lagging indicators. Already Wall street is miles away from the reality of main street USA. The FED is between a rock and a hard place with the fiscal debt interest running hot. At some point everyone ignores the FED and the media goldilocks stories and bank manipulations.
Shanta and Centamin on zero stochastics and the RSI levels have nearly halved in a week. Rapidly approaching oversold before we get to the FED meeting.
PoG off another $10, if US bond yields rise again this week on unfavourable interest rate news there could be further falls....