George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Speedy it escapes me, i wonder if anyone can point us on the right direction ;-)
Hi Napthman. Anyone looking for an investment opportunity and watching that vid would say, that opportunity must be in commodities, preferably a gold and copper miner and be a M/A target with a suppressed SP. I Wonder where i could find such an opportunity? ATB Speedy
Haha just realised
Adrian Day . Shauns dad doing some gold ramping lol ?
Here you go,
This guy im just watching says it all. As gold price goes ip the generalist investor will re-enter
https://youtu.be/yhE0HG6ayDU
Jaguar because then the market becomes favoured again and our sp recovers a
Hi Speedy
Yes 100% agree round numbers are psychological levels on both short and long timeframes. I've no doubt the banks will continue to play games in the precious metals space, but holding long and strong here with the fundamentals for gold & silver being a once in a lifetime opportunity
Thanks
T
Technicals
Hi Tachnicals. I am not a fan of charting and rely on fundamentals Re POG. Having said that all weapons must be used and i am grateful for your insight into support and resistance levels. I always tend to use round Nos when predicting where the price is going and $2500 will be hit, it is a case of when not if. I suspect that when that level is reached the banks will use the charts to drive the POG back to the $2000 level for a profit making exercise. When that happens i think Newcrest will up their $1400/oz for costing calcs. ATB Speedy
Thanks Jerry I will check him out!
Another find would be nice :)
Just teasing tech. I agree it has some uses at the margin and we are all grateful for quality tech analysis. I am a big fan of Chris Vermuelen.
No I fully agree Jag, underlining fundamentals won’t be effected just volatility in price
T
Or another commercial find !
Why should gold at $2300 affect GGP. The rise is having no effect and won't until we have a higher MRE or start production.
while GPP flatlines..... zzzzzzzzz's
38p was an inflection point of ascending resistance on GGP and look what happened when we tapped it. I know technical analysis gets some stick but it can be useful at times :)
Lol my point is people are throwing 2500 around for gold like it’s some magical number plucked from thin air, technical levels are real and 2300 area could be a spot that effects ggp massively if there is a rejection at that level
all imo
This is a very timely and amusing 'music video' on fiat money and crypto - https://www.youtube.com/watch?v=cbI31x3FpS0
Another bad usa jobs report next month should take it near 2000 hopefully
I believe $1889 is the next resistance point after $1850.
I dont know much about technicals but I would agree that the price has to go through 2300 before it gets to 2500.
Why should we be getting excited about higher gold prices?
Well the initial reaction is more revenues but Ggp are not in that position at the moment.
What are the initial benefits?
The major impact is the economics of the Dilution factor, this will have a dramatic effect on the cut off grades where lower grades become economical.
The dilution factor of 15% for bulk caving will diminish dramatically.
More Shells in the MRE will be included which would increase reserves and resources.
Higher gold prices = more revenues
More reserves/resources = more revenues
2 pronged effect.
There's only one Havieron
Tier 1s keep on giving
Hi nap
I didn’t say last high I said ascending resistance, its a level beyond the all time high around 2300 and it will be a major area imo
well of course the last high is going to be a point of resistance