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Weaker dollar means higher gold...only started its climb....The economic climate will support it....especially when interest rates start declining....A big rise is imminent in my opinion....
We are now very close to a situation of solvency, no debt...tick
we are producing on target with a new mill promised for next year that will double production again....tick
we have a proven track record of delivering and there is no reason to disbelieve what is promised....tick
no sign of eric's replacement, that may calm nerves...boo
last results were very pedestrian...boo
there is bound to be profit taking, that is why we are all here, but the slow and sustained rise is due to the ticks above, so there is room for even more SP sustained rise when the boo's are addressed. it has been a long and sometimes painful wait, i have been here 18 months, so am not going to sell now when the tree is just starting to ripen., and if you look at any of my previous posts, i am definitely no ramper, indeed i have been accused of being pessimistic, though i like to think i am fairly level......today, this is me smiling.
Drat - "a BIG fat 0"
But I have had the last laugh at most of the arrogant bigots who attacked me.
I got a lot of stick on the Condor Gold board, CNR. When it was at 53p, I warned them. It fell to the price I said it would - 42p. I warned again that another big fall was coming. Someone on there who was buying at 55p didn't like hearing about a fall (bigot!) and he was relentless in attacking me. What is CNR today - 15p. 14p? I don't know but it must be around that level.
On the FLX board, now FCS, I, along with another called FallingKnife1, were attacked viciously. FK1 said FLX would go to zero. The others gave all the reasons why he was wrong, they claimed. They mocked, insulted and abused us, but today, the company appears to be in administration and it is looking as though shareholders will get a bit fat 0 for their shares.
Karma.
... and a lot of the genuine ones are arrogant and bigoted. They quickly resort to insults and abuse at anyone who has views they don't like, and they feel pleased with themselves for doing so.
RSI has sold out
I still question KWN bankrupty. As I said - outrageous forecasts, but then I said "has the tide turned?" wondering if this time they might be right. Michael Oliver set a date for his forecasts of a $600 rise - so we will know by Christmas.
I can't be bothered to post much. These boards are full of rampers who use subtle methods to hide their agenda and pull the wool over the eyes of genuine people.
Are we seeing the short-term rise reaching the end for the time being?
Nothing goes in a straight line,
Gold has lost a bit of strength since yesterday's high
Indicators at overbought after a few days of rising
All together and what is next.....
This and SRB are my largest holdings....So undervalued,especially with the rising gold price.....I can see both easily multibagging very shortly....
Other reserve currencies such as the British pound and Japanese yen have done even worse. The yen has lost 99.98% of its value against gold in 100 years.
For perspective, the dollar has lost more than 99% of its purchasing power relative to gold over a century.
$4000 is being touted by some.
Will get huge traction once interest rates start falling, which will mean more people (ii's) will be out of cash and push into the ultimate reserve, gold.
There's no upper cap!
Or how low the inverse to gold can go islandgirl...........currency!
Its happening.Wonder how high gold can go
Gold sitting at $2041.
Charlie Munger’s formula for success is simple and perfect:
- Spend less than you earn
- Invest prudently
- Avoid toxic people and toxic activities
- Defer gratification
- Never stop learning
Not my words...but $US is $us for now or?
"Even the yen – which for months has been the weakest currency – is strengthening against the dollar. When the weakest currency starts to strengthen, it’s a sign that market conditions are changing"
Not the whole story.
DXY higher than it was in August 2020, the previous AUX ATH.
USTs Yeilds, well, a lot higher now than it was in August 2020.
Something else is clear a dynamic...
Some macro figures that explain the current rally in gold.
1.Dollar index = 102.77, falling from the high of 107 reached 30 days ago.
2. T2 = 4.75%, falling from the high of 5.1% 30 days ago;
3. T10 = 4.32%, falling from the peak of 5% 30 days ago.
Conclusion: As US rates and the dollar index continue to fall, gold rises.
We can finish the day with a wry smile sometimes can’t we :)
MD
Off topic ManuelDexterity, but I so liked your way of handling the troll?
"Yet hear you are spitting bile.please continue posting as I’m sure your family thoroughly enjoy the times when you are not with them."
classic imo.
ManuelDexterity,
I remember buying my then dream car in 1985 Black Jag XJS 5343cc V12 £21.5k ( mostly cash but £4k on my American Express Chargecard...lol).....and 3 years later trading it in for £24k on a £38k like for like.........can't imagine what 70's inflation was like....as a teenager.....one got by...lol!
Personally I think we are going there again and I'm fully hedged for whatever......unless the powers that be steal me money and assets?
you can't take it with you....so stay balanced and enjoy each day! for the time being! lol.
Bankrupty,base rate as you say 15.4% and good old NatWest taking 4.5 over base for the business overdraft.Not the best memories
MD
....for a £40bn m/c to be up like this in a few hours.....means someit imoo.......Newmont Corporation (NEM)
NYSE - Nasdaq Real Time Price. Currency in USD
40.38+2.20 (+5.78%)
As of 02:47PM EST. Market open.