The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I agree Autonomy, but one year Mr MaGuire will have to be right unless gold falls for decades beyond when he is no longer writing. . Let’s hope this year he is finally right, rather than us staying range bound before falling a bit further. I remain ever hopeful … but take the likes of AM along with the tea leaves and my pinch of salt….
Thanks all
Its just when you watch the kitco videos they all think inflation is good for gold
Lets hope that Andy Maquire is right with his 2300 plus gold in the next few months although i think he is a little bias
Autonomy, it is low real interest rates that are good for gold, so high inflation controlled by high interest rates is bad for us, however it looks increasingly likely that inflation will rise faster than interest rates, (Powell n no hurry to raise them much) meaning lower or increasingly negative rates which is good for gold (unless the competition from rising shares is greater). However most of all gold is currently range bound so having got near the bottom was looking for a reason to rise near the top, which it has. The big longer term question is when will the negative real interest rates give gold a kick up, perhaps when shares and Bitcoin are seen as less competition, and bonds already are imho
The undertones were taper, interest rate rises further off. I take more notice of interest rates than anything else, taper is afterall, inevitable.
The answer could be tapering bond buybacks which means many more will get out of Bonds.
If not there is no clear logic in the markets now, just panic and large rapid movements of funds to somewhere they perceive safer ,that pays some trivial amount.
Without low interest or zero interest the system would now likely fall apart.
Have a good weekend all.
Steve
I wish it was that easy as everybody has different theories on inflation,dollar
Interest rates etc,the dollar went down on Friday so i presumed that helped,but if rates rises with inflation so does the dollar,so why does this help gold
So i am none the wiser
Hi Cowichan,
Thank you as always for all the effort you put in on providing information that is very informative.
It’s more complex than that- a quick google will reveal the answers you are looking for
https://youtu.be/nJ2umglai24
Informative chat with the veteran financier Rick Rule - have a good weekend all !
Gold flying this evening
This week, Andrew Maguire explores the unique conditions that have seen refiners buying back COMEX physical silver for the first time in the history of the Futures market.
With his usual surgical analysis of the markets, the precious metals expert timelines the events that have helped form the perfect base for gold and silver to rally.
https://www.youtube.com/watch?v=WN109AKxiA4
For those that like to moan for whatever reason please read the disclaimer below
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
Labor is American piegeon English!
So if you want to be padanatic, then although Labor day is on the same date, but the assoiated bank holiday or time off has been moved to the prevous Monday, seesm like manipultation to suit an agaenda to me!
Powell dont appear to be very concerned about inflation and it could be quite sometime before interest rates rise,so why is gold rising,i was under the impression that inflation was good for gold
Prices of precious metals increased on Friday as the investors digested the remarks made by United States Federal Reserve Chair Jerome Powell.
Powel conveyed that the coronavirus' Delta variant impacted the central bank's position on asset purchases, but hinted that tapering could be in the cards in the case the economy grows as "broadly as anticipated."
Gold went up by 0.87% to sell for $1,807.36 per ounce at 11:01 am ET, while silver gained 1.67% to $23.94 a minute later. Platinum soared 2.53% to $1,007.17 an ounce at 11:03 am ET, with palladium concurrently up by 1.51% to $2,428.99 per ounce.
Breaking the News / BU
Yep Mr T, hence my earlier post.
Sector issue.
Off to the races again..
FTSE 250 up 17% since beginning of the year and 35% from this time last year. Ever think we're flogging a dead horse?
Mixed from Powell- since start of year, gold down ~5%, CEY down ~27%, POLY down ~19%, SRB down ~36%, FRES down ~32%, HOCHS down ~32% (note that's excl. any divis paid).
The worm needs to turn. FTSE 250 up 35% this past year whilst cey down 50% ..
Doubtless many are listening to Powell as I type...
Labor Day is first Monday in September as per usual. Last year (2020) if was September 7th. No manipulation though speeling leves something to bee deesired!
is squirming.
So being able to manipulate the markets is not enough, they even manipulate the national bank holidays to suit the US agenda!
Hi Cowichan,
It's not you that has any need of setting straight, it's the others!
Shanta Gold Ltd - East Africa-focused gold producer - Revenue in six months to June 30 falls 21% to USD57.8 million from USD73.0 million a year earlier. Pretax profit falls 44% to USD8.6 million from USD15.3 million. First-half gold output down to 28,842 ounces from 42,383 ounces. Reiterates guidance of output between 60,000 ounces and 65,000 ounces. Proposes 0.1 pence per share interim dividend.
Current stock price: 13.14p
Year-to-date change: down 23%
By Eric Cunha; ericcunha@alliancenews.com