Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Live from the Vault, Andrew Maguire digs deep into the current geopolitical escalation in Ukraine, thoroughly explaining the impact on the gold and silver market.
The precious metals expert drills down into the widening divide between the BIS and the US policies, weighing up the physical and paper gold markets. Are there enough ingredients for the bullish gold and silver rally to unfold?
00:00 Start
01:25 Basel III & paper vs physical gold battle
09:45 What is Andy seeing in the market right now?
14:20 The stair-step approach for buying gold and silver
20:00 Geopolitical drivers & their effect on the gold market
24:00 Silver prices vs. Bank of America derivative position
31:15 The BIS and the US divide
https://www.youtube.com/watch?v=IMTqyphXaKA
Again ,very interesting.
Thanks Tibbs ,now subscribed.
I totally agree with Andrew, and no it is not diffivcultto understand. The system is crooked.
On the daily chart, even with yesterday’s action, the short, medium and long-term averages are all sloping up and in golden alignment. The trend is up.
On a weekly chart the averages have all coiled and converged, they are starting to slope up and gold is starting to break out.
On the monthly chart, we have the most beautiful of cup-and-handle set-ups formed over 11 years. This is widely agreed to be a bullish price pattern.
Thanks Halfpenny, Lovely chart but also depends on what gold does, Does anyone have any idea it if it will shoot up tomorrow, with the increased sanctions, or conversely if the worry will be the Russian central bank starting to sell down the huge gold warchest that it has amassed for this eventuality, with other reserves frozen abroad, as it attempts to defend the rouble. I am of course hoping the former?
Who's going to buy Russian gold just now?
No one will have a chance of buying Ruuin Gold.
It is more likely its exports of wheat wiii nead to be paid in Gold, they are enormous, with only Ukraine close to the volume.
If you doubt ,look at the statistics.
That of course along with fuel.
I love that 10 year Cup and handle...eventually it will break out...maybe not now but this year at some point
Ha Ha.
Think about it ,Gold will drop , .
Who will they blame .
No prizes for guessing.
The perfect time.
We will soon see.
Halfpenny, gold is gold so where it is from makes little difference, if the Russians need money and lower their asking prices they will be able to sell gold. Who would have thought the Russians would raise their nuclear war footing, and gold would be back below 1900? However better than the post on the advfn Cey board “ Nuclear war would kill millions in the first week. ..but gold would rise. We gold investors could do with such a lucky break.”. Lucky…? It is been heartening to read so many decent posts here. I still believe that low real interest rates and high inflation will in the end help gold as long as Russia doesn’t/isn’t able to flood the market.
@ Mon 07:38
Sotolo, I noted your THS entry. Combining it with related post, I had a rethink over the weekend, leading to heavy take-up of PGMs. The bottom line is if Putin fails he is likely to further cripple the Russian economy.
Thank you Viable, I continue to think Tharisa is a well run and undervalued company, though who knows where Platinum group metals will go, as fear and a coming recession fight it out. Happily the market is catching up, and it is up 60% in little ove 3 months, and this week just passed its old all time high so hopefully in blue skies, somewhat making up for my Centamin losses. However my interest is entirely thanks to a most informative post here a year ago by Tiger on the Tail, sadly banned from LSE for his honesty, a bit like in Putin’s Russia. I for one miss his posts here, along with the likes of Uncertain, and other appreciated stalwarts, like Prof, who now posts so rarely.
Hi Sotolo,
Didn't realise Tiger had been banned from this forum?
I think it was back in June on another LSE board, don't know if it includes all LSE boards but hasn't posted anywhere here since, I see his penultimate LSE post was on EUA when he was rather disparaging about the share and its then market cap, it looks like it is now about three fold lower, he can be found over on the ADVFN boards including Tharisa and currently appears keen on Evraz for the brave