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Echoed. Sticking with it.
Examining and investing in other sectors with some success.
Unconvinced that Au forecasts will materialise this year.
A day earlier with a presentation at 11am is hopeful. My fingers and toes are crossed that the CEO and the Board will redeem our confidence for 2022. I hope they deliver a really strong positive message and go into details for 2022. They have a tailwind of a higher gold price for the Monday start. A bumper Q1 would be fantastic. First target is getting back above 11p.
Thanks for that info Hounddog, just registered.
You have to register. Just go to investormeetcompany and register plus select shanta webinar. Link follows on from that - you will get it on Monday.
Got to be a good sign I would have thought. Do you have a link to sign up to the webinar or is it invite only?
I've just had the invite through too.
Looks like Shanta have pulled forward presentation of Q4 results by a day to 24th January. Also investormeetcompany webinar at 11am on that day.
They dont really have much to play with anymore and a large market correction is alreay happening as U.S. stocks have been artificially propped up with printed money. Debt is un-servicable so interest rate rises will make things even worse. All the hallmarks of a large correction so gold is the only viable reserve, hence Banks are buying physical gold in readiness. Best to have some cash available when the rot really starts and also gold. I`m sure that this Co will be one of the big winners.
Considering the market gyrations, you wonder if this is another “gun to the head” moment by the Markets to Central Banks, it will be interesting if they even get one interest rate rise off at this point, let alone multiple ones.
I’m really looking forward to our next update from Eric which could land anytime, for me it’s very exciting times ahead with West Kenya our sleeping monster. I think gold could go on a great run this year & with sum good news this could hit the high teens quick. I am happy holding for another 18 months & watch the bigger picture unfold in which time we could see my target of 40 -50p hit GLA
I have read a hypothesis that it is housing demand that largely influences inflation as mortgages create a significant increase in private sector loan demand that effectively brings money into existence. The boomers came of house buying age during the 70s and as the demand rolled over through the 80s less money was created, which brought inflation back down.
The implication is that Paul Volker got lucky with the boomer peak dropping off at the same time as he was raising interest rates, so demand was subdued from both.
If this is right, then the same could be applicable now and could it also be a similar driver in China re the 1 child policy era moving through? Although I believe much of the Chinese property boom was driven by speculation rather than accommodation, both could be simultaneous factors, making the property crash there all the more severe.
The question is what impact does this have on gold and if interest rates will not need to be raised so high to bring inflation under control, does that not improve the perception of gold's value and our investment in SHG? I certainly hope so, because I am somewhat overweight here.
Tornadotony,
Agree, IMO when push comes to shove the whole talk of raising interest rates in western economies is just jawboning, central banks have no intension of meaningfully raising interest rates as the impending crash in markets and main street would be all consuming, they will let inflation go on the hope it comes back through its own volition, and keep asset prices pumped up, of course if that goes wrong it will make the remedial measures and the fallout even worse by pursing that strategy. Massive stakes.
booboo
I suspect to save the stock markets, it is FIAT currencies being devalued against gold so as to make other sectors less expensive. It is another option for central bankers than just interest rates which are useless against high energy prices that require 10% interest rates rather than just 1%. Tony
Incredible price movements (upwards) across the whole commodity markets today, oil, metals and agriculture, this despite substantially rising bond yields / interest rates of late, which is, to most, counterintuitive.
Suggestions of some economists I follow that this could be the early stages of “flight to hard assets”, that the stock market bubble has burst and with it the 10s of trillions printed these last two years will now come out and find a home in the commodities market as a flight to safety to protect against inflation (with real interest rates also being deeply negative). If it continues it could get very nasty, very quickly.
gold = $1,836.59 right now
25 January they RNS 4th Quarter results. Hopefully give a reliable range for targets they can meet this time. They really need to do a good job on it and get this share into the teens again.