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What is the unit used to offset and balance and counter inflation = GOLD!!!!!! Happy days for a while yet chaps.
BB-Barrick up now 4.20% Overnight many central banks were buying in to Gold, they will not have taken this step lightly. They see the trade wars getting worse both Trump and the Chinese Govt. will not lose face. I see this continuing for a while yet. Remember trade talks were only supposed to start between the two in September but at this rate what's the point?
My question is are we going to return to the £5-£7 a share levels we were approx 7 or more years ago? Luck Barrick for acquiring us on the cheap I wonder what the composites in the containers are worth in today's money? Perhaps we should see an updated accounting trading statement soon?
I'm gone at 2.43,wanted 2.50 so close,not much point in waiting for a bit more as trump could be friendly with Chinese tomorrow.lol.might take a look at oil although need to learn,done okay with tullow and parkmead in past.
Good call VV but my question has to be where next- doesn’t seem much holding it back with the uncertainty in the rest of the market?
Also Vanguard own 5.4Million.
I wonder how much the stock held in the containers is now worth. Barrick are getting us cheap!!!!! Perhaps our Eastern friends will come in after all??
Has, have a look at Silver too see the chart per the link. I am also in Hochschild Mining. largest Silver miner in the World :-_
https://goldprice.org/
Good luck with the new punt Hasiba.
Hi Hasiba, one last thought...Goldmans suggested around 18 months ago that Oil would hit 25$ or below and I still think they'll prove right...timing as we know is everything and with weak demand and a global recession possibly out there, this number looks realistic. Bull and Bear runs, invariably last unfathamably longer than we usually anticipate and although there is a good opportunity here, I wonder if its worth hanging fire;-! PS - since the Barrick purchase, their shares are up 7%, which should make ACA worth 2.48 right now. We are trading at a discount, so worth holding.
Has I am not in this ahre for day trading I am in for the longer term. Many such as Stock Abc called me an idiot. I am happy with this if an idiot makes lots of money. I would prefer to be a rich idiot than a poor one, ha,ha. You will have to keep an eye on World events but the Whole World is coming out of the safe haven USD and Chinese currencies and going back to Gold. This I have seen coming for some time. I have a feeling Gold is in such demand it will stay high for a long time. Oil now suffers was efficient production and over capacity. It will take a number of world events or cuts to stop the levels of production we have and for the prices to rise significantly in my opinion. I see certain UK insurers and Uk Banks looking cheap for foreigners due to the sterling falls. Might be worth a look?
Hi Franky and super
Thank you for your good input
You may be right now but I am looking at the bigger picture from my side. I see oil as an opportunity now but gold may get up more but for how long? I feel when everyone shouts gold it frightened me!
I sold a chunk of aca at 243.8 and now have 30 k share left but bought more Genl at 168.2
GLA great people here
Feeling quite smug after my prediction on 31st May here that Gold would breach $1500 within 3 months. Should do this for a living!
Hi Hasiba..I would urge you to think longer term and not trade in and out of gold and oil stocks as it is tantamount to gambling and you ll lose eventually. Gold is on a long term upward trend and you will see higher lows. No doubt gold fall back to 1450 or lower but the next high will higher and I expect to see 2000+ within 12 months or so. Lower interest rates will damage the Banks and make them take risky investment bets to chase profit...in turn it will inflate the debt bubble before it implodes. Just sit tight for 12 months is my best suggestion but each to their own.
I thought this would happen -lets see how high we can go, fasten your seat belts!!! :-
https://www.bloomberg.com/news/articles/2019-08-07/gold-approaches-1-500-as-investors-seek-shelter-from-the-storm
Hi Has Gold still rising and many feel a long way to go yet now at USD1490 and rising, I hope we may break 1500oz at this rate even today!!! I feel Barrick will give us a lift this afternoon.
I am not sure where the bottom is on Oil -however I do own PMO already and have traded in and out of them to pay the bills, ha,ha. Good luck with what you do.
Gold has its good run and I doubt it will break 1500 and if it does then it will retract back. Time to go for oil which is now before it jumps back to much higher level.
Will keep an eye on sp to start unloading some.
Bought more Genl and PMO today.
GL
Hi BB..this feels like the start of a massive bull run in gold. Shame the ride isn't with ACA..we d be at £5+. Let's hope the GP consolidates at the new level for a few weeks and then kicks on. 1650$ by year end.
Great open - I reckon today could be the day for $1500 gold.
Gold moving up again starting to gain momentum before the NYSE open. Usd1463 an rising. I hope we can clear 1500oz soon.
I wouldn't worry about the digs, you can always swap out I have seen the way Thomas Cook has been picking up? However I also am losing on the banks, mainly Lloyd's, RBS, and HSBC. I regret not coming out before on them all, as the margins are just not there to make any big value gains, unless another bank comes in from the States or China or somewhere making the most of the fallen values. I agree more than ever to stick with Gold/ precious metal miners at the moment -good luck.
As I still hold a fairly significant 100k shares I remain interested in the fate of ACA - by my calculation we should be trading at around £2.43 based on the ABX SP. I don’t really understand the discount but there will a price at which I will have to start adding. I have noticed the digs about MTRO and although *****y they are probably deserved - not my best call so far although my average is below £4 and if I was looking at the market cold today I would be a buyer. Doing very well on FRES, RSG so gold (together with cash) continues to be my main play - INDV remains my stand out favourite and MTRO hurting the most but as I am not selling I remain confident that it will come good. ATB
Interesting buy as the NYSE was opening? However to a fund Manager it all makes sense as Gold is up again tonight now USD1472.48 and still rising, i'm hoping for 1500oz overnight?
Maybe one to watch. Thanks for your input.
I sticking to the Miners at the moment , but will bear in mind Capital drilling. I hope Gold increases overnight and cannot see why not and then Aca and CEY will benefit further tomorrow. Best of luck.
Capital Drilling
Incorporated: 19-NOV-2003
https://offshoreleaks.icij.org/nodes/82006106
Perhaps of interest, Capital Drilling forms strategic partnerships with companies, which includes drilling for equity, which it does for a range of companies. Other drill companies do the same. It may have been a good thing for Centamin at the time tohelp it get going? It also is rapidly expanding into West Africa, including Burkina Faso and Cote D Ivoire. It may of course be a coincidence that that is where Centamin is expanding, and then again it may not be.
http://www.capdrill.com/about-us/strategy
In their 2010 Ann Report "Since late January 2011 there has been some significant political upheaval in Egypt, with the fall of President Hosni Mubarak and the installation of an interim government until democratic elections are held in September this year. Itis important to clarify that operations at
Centamin Egypt’s Sukari Gold Project, which accounts for approximately 20% of Capital Drilling’s total rig fleet, were not materially impacted by the upheavals and that development, grade control and exploration drilling continues as per normal. Indeed, it is anticipated that Capital Drilling’s operations in Egypt will see further growth in 2011."
Original post by the Gnome Cey.L board
Has, don't necessarily agree on that one I see Gold continuing to rise longer term amid the thought process that the Chinese by lowering their currency have taken out Trumps tariffs in one hit, and as Trump has said the Fed should have cut by at least 0.5%, ace tactics by our Eastern friends. I wouldn't be surprised if the Fed had to cut again. Gold should rise.
Well....just bought PMO at around 70 p..
Aca is a gem now and solid back up with more potential to rise ...not selling a single share.