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Shanta Gold Share Chat (SHG)



Share Price: 6.00Bid: 5.90Ask: 6.20Change: -0.05 (-0.83%)Faller - Shanta Gold
Spread: 0.30Spread as %: 5.08%Open: 6.05High: 6.00Low: 6.00Yesterday’s Close: 6.05


Share Discussion for Shanta Gold


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Daisan
Posts: 4,357
Off Topic
Opinion:No Opinion
Price:6.05
View Thread (2)
RE: Gold price
Today 13:56
Sweet100,

Whilst I appreciate the argument, I have been hearing the same (from the likes of King world news) for the last 5 years. I understand the Deutsche Bank derivative situation (but there is absolutely no evidence that it is mainly based in Venezuela that I can see) but the figures bandied about are total exposure. Even in the event of a full blown financial crisis, the actual outcome would likely get nowhere near this. That said, their situation is bad and I do expect Deutsche to go under in the next financial crisis. I just don't expect it to cause it.

I do expect another financial crisis and I expect it to be worse that the last as Gordon Brown kicked the problem down the road rather than solved it. (I can just see the discussion now - let's do this - it won't solve the problems, in fact it will make them much worse, but the stuff won't hit the fan until we are retired!). I just don't expect it to be now or in the next year or so.

As I indicated, I expect the S&P500 to exceed 3000 by quite a bit before the party stops. In the meantime I expect gold to initially struggle before it begins to gain traction. I do expect a record high in gold as well in the next 2-3 years so am positioning myself accordingly.
 
Sweet100
Posts: 157
Off Topic
Opinion:Strong Buy
Price:6.05
RE: Gold price
Today 13:17
Daisan At the moment I would not consider putting my money into any major stock market. I would compare that to playing Russian roulette. Deutscher Bank on oxygen with 50 trillion in dodgy derivatives mainly based in Venezuela which we know has gone bust and the 10 year US Treasury topping 3% I would rather put my money in gold which we know holds its true value - in Venezuela now for just 1 ounce you can buy a house
Daisan
Posts: 4,357
Off Topic
Opinion:No Opinion
Price:6.05
RE: Gold price
Today 09:18
Both up 15% in the last year and have both broken out of a wedge formation to the upside. I would not be surprised by both reaching record highs in the not too distant future and I am expecting the S&P 500 to break 3000 barring a black swan event.
Sweet100
Posts: 157
Off Topic
Opinion:Strong Buy
Price:6.05
RE: Gold price
Tue 09:16
Daisan - looking at the S&P and the Dow (as gold is in dollars) they seem to be in a steady decline even after 2 trillion in tax cuts didn£t stimulate the economy enough so now all US citizens earning less than 52,000 a year now getting their tax back as well. After that I guess it really will be helicopter money next - anything to keep the system going a little bit longer. It really does need to go back to a Gold backed currency you can trust and I guess this is why all central banks are stockpiling gold as fast as they can
Sweet100
Posts: 157
Off Topic
Opinion:No Opinion
Price:6.05
RE: Hampering?
Mon 18:37
Or might it be an opportunity !
nigelbut
Posts: 63
Off Topic
Opinion:No Opinion
Price:6.05
Hampering?
Mon 15:49
Sweet100
Posts: 157
Off Topic
Opinion:Strong Buy
Price:6.05
RE: Gold price
Mon 13:18
Lots of talk of gold price coming down but if you look at the US national debt Clock you see that the price of gold is now up at a staggering $4739 per ounce Dollar to gold ratio Gold over time always holds its true value !
Daisan
Posts: 4,357
Off Topic
Opinion:No Opinion
Price:6.05
RE: Gold price
Mon 09:25
I am not sure what stock markets you are looking at but none of the ones I am looking at look remotely like falling over at his stage. However, the benchmark US bond yields are certainly relevant from a fundamental perspective. Technically gold could well fall from here as it is testing support and is looking weak. Equally it could bounce! I suspect that there are some central banks buying gold as they have been for a few years now (China, Russia as examples).
Sweet100
Posts: 157
Off Topic
Opinion:Strong Buy
Price:6.05
RE: Gold price
Mon 09:14
I£m sure the real reason why they are knocking gold so hard is because the US 10 year note is going well over 3% and with the stock markets on the point of falling over, all the central banks buying gold as fast as they can I am sure they are trying to keep everyone away from the obvious safe haven. IMO this is the right time to be buying as fast as we can.
mick-b
Posts: 5,109
Off Topic
Opinion:No Opinion
Price:6.05
RE: Gold price
Thu 18:12
Thanks for your reply Daisan
Yes it does break down....but at 70% correlation is still a useful guide
$POG at 1290 seems to be recovering
https://www.bullionvault.com/gold-price-chart.do




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