Huge spread at the close. Will the ask of 2p be paid on Monday morning or will the spread deter.... Hopefully a good write up on gold assets in the press over the weekend and a continued 12 month high gold price will get a bit / lot more volume here early next week to drive up the SP.
The price of gold has broken above the $1,200 price and now sits pretty close to 12 month high. In the current market and mood of flight from risk this should continue to rise sharply in the short to medium term as investors look to re balance portfolios. Inflows to gold ETF trades increasing as well as bullion purchases. Should start to see the impact on explorers and producers following suite. This can only be a big plus to GBGR in the coming weeks.
Not looked at those companies.Steering clear of AIM . That is another benefit of this investment , not exposed to the volatility of AIM and the herd like mentality ,and as such the management have to play by the big boys rules to attract the major investors as they strive to be a significant producer in the gold market. I am adding small chunks on a weekly basis at these prices as it will not take too long for this to get back to 3p with the gold price improving and the Q2 newsflows
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