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$3,000/oz before end of Q3, don't bet against it.
Just a thought, I am aware that the gold price of course helps us, down the line, certainly helps financing and interest on any of our projects. However I maybe the only one on the board who prefers gradual climbs just like our SP. When things rocket, there is a nervousness (me anyway) on how things plays out. Any thoughts?
I would agree desert, but you have to look at the fundamentals causing the rise and the likelyhood of those sustaining the rocket you speak of, ie:gold. You also have to look at what you feel pricing would look like over a 5 year future period, if like me you think gold can hit the crazy highs of 3-5k US, well then what appears to be a rocket now, may jus be the engines starting and is in fact a slow and gradual rise(which I too prefer) well thats my take anyway :)
Hi all. The POG has been rising due to several factors, money printing, geo political tensions, zero interest rates, negative returns on $trillions of bonds but the biggest reason in my view is that the price manipulation on the COMEX to the downside by the bullion banks has been over run by the purchases of physical gold. this has caused a short squeeze. Where the POG/POS ends up is any ones guess. I will be holding my physical gold/silver and GGP shares untill Newcrest buys our interest in HAV and i can purchase a house for less than 50ozs gold. ATB Speedy
IMHO, I won't bet anything. If people believe that the POG will continue to rise to those sort of levels, then fine. However, what's that based on? Probably a load of pointless, ivory-towered city analysts & economists who 99% proved themselves to be pointless idiots during the 2008/09 financial crisis.
During that time a 10 year old child, pinning the tail on a donkey, blindfold, would have been better at forecasting what would happen in the markets going forward.
If anyone thinks that these overpaid, pointless, city boys can have any more idea of what will happen in the future than you do, think on!
GLA & DYOR
Hi TimberTrader. Your last post was quite offensive. If you cannot see that all the signs are there for a higher POG then i suggest you stick to selling and buying 4b4s in 4,1s. Speedy
Really? LOL! If you think my post was nothing but factual then I'd maybe agree, but it's not.
BTW, what's offensive about it anyway? Are you a city economist/analyst?
Also, who said that I didn't believe that the POG would rise higher? Please read my post before making idiot comments.
So, exactly what price level do you believe it will be before end of Q3 2020, which my post was based on?
Hi Timbertrader. Higher than it is today. Speedy
So, no surprise really that I agree!
100x100 now you know - till xmas anyway
woodbodger:-)
Spot Gold just gone through $2,050 - when will it stop??
its doing almost $75+ a day.
whoa, timber.
always read between the lines.
i listened to a commentator last week raving about $5K / oz.
This week i saw a webinar with 2 seasoned gold analysts who, in addition, quoted Jim Rogers talking $15K dollars an oz. the argument is crystal clear. When intu, pizza express and the like are going down the pan due to excessive borrowing with no margin for error. The us dollar standard is dead. Long live the gold standard.
Re Rate coming , how can it not.
Jber moved hopefully a further uplift before COP
Mickey it has to start reflection true value soon, with the POG surging you would expect to see some reflection of it on GGP sp.
I’m sure people will go to great lengths to argue otherwise...don’t bother.
Hi Lazydaze. At least you got it. I still think in 8b4s as well. ATB Speedy
Bank of America Merrill Lynch (BoAML) analyst Michael Widmer is targeting $3,000 per oz in next 18 months.........as per CityWire just now. Silver will also benefit.