Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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That being said, I think you're looking good buying into most commodity based companies at the minute, if the whole sector rises, even the god awful companies will probably ride the wave a little bit.
Copper is performing very well at the minute, I am in; silver, iron, copper, PGE's, gold alongside some base metals.
Pretty strong inverse correlation with yields rising. With (IMO) a cap on yields, the downside to gold is very limited. If yields kept increasing, they would implement YCC, almost certainly - the amount of debt the US have to service could not be done with rising yields. The downside tends to come with the speed of the rise in the yields, real yields are still extremely low historically speaking, meaning if inflation picks up gold becomes a lot more attractive again.
Gold appears to be on a slippery slope check the chart,it has been for some time,copper mining shares are better bet imo
I think 21p looks like the bottom, if not 20p will offer psychological support.
I personally don't think it's going lower, the beating gold took was due to rising nominal yields. IMO the reason yields halted where they did... S&P 500 yield is 1.57%, so... when yield went around this level, money would move from the S&P 500 index to bonds due to the lower risk associated with bonds. Higher demand for bonds will push prices up, and thus pulling yields down.
in my opinion the stock was a little pumped going into the drills.. and a little dumped on the news.. the problem is that it coincided with a breakdown in the gold price to an 8 month low.. and the rising 10yr yield.. blah blah..
So the two created a bit of a perfect storm.. short term problem for me.. but certainly a bit frustrating unless your topping up.. then its a good time.. imo
Apologies the all time high was last August at $2067 looking at the three monthly chart wrongly thinking the it was the yearly. Still that was the all time high and not too long ago.
My point being gold is used as a hedge to against inflation. Companies buy into gold to use as hedge fund to off set currency loss in times of inflation. Just have a quick google inflation is on the rise. This is good for gold.
So you think the bottom is 21p ? Genuinely interested as it seems to be freefall everyday without signs of slowing , the RNS read ok to me and seems like drop is well overdone
Gold / Silver is real money.. nothing can or will replace it ever.. the downtrend could be a few months more.. or longer. but rest assured that fake FIAT junk that they are pumping into the system as a ridiculous rate is not real money.. and a lot of people know it .. for me this current gold downtrend will end, and we will eventually go higher.. 30 Trillion reasons for that..
Double bottom would form at 21.4 for a bullish reversal from what I can see.
Fundamentals are strong, very little downside... Would be buying here if I had more money. Then again... I would have said that at higher prices than this.
This was a 12year project remember
sianhan gold has been falling for over 6 months, the fall is accelerating and it is down now over 20%, in sterling that counts for us , ie a bear, plus we have just seen a death cros and below 200 day.
Yes gold will go back up but I’m not at all sure about shortly
Hi, Sianhan.
Gold reached its all time high ($2067) last August, not this January.
I think ‘collapse’ is a little strong. It’s just experiencing a downturn coming off the back of an all time high in January this year.
Now the dollar is in a big downturn. Historically that bodes well for the gold price.
Gold will go back up shortly.
I think the gold collapse is probably hurting it, as many explorers sums become less and less profitable
The sp is a few pence above the last placing which was quite low in itself and we have moved forward with drilling with the pace being noched up so it is really surprising to see the sp at these levels imo. Really would have expected the sp to stay above 25p if anything. Just goes to show how difficult it can be to predict the way the sp can go at times despite all the positive fundamenmtals. Sometimes a share price can get over extended to the upside and vice versa to the low side. The sp is way oversold imo at this stage and so expect the sp to move back up very soon. i would hope once it turns back up, it will move several pence up in quick fashion and back to the 30p range
I wouldn't whinge or say this is an inexplicable fall, actually here hasn't been a sustained drop but a 1000%+ rise with last summer's good news from just a few pence to the area it has been in the last 3 months; our share price was almost exactly where it is today on Jan 13th, a bit lower on Dec 13th, about the same as now on Nov 13th, the aberrations was the second shoot up to 40p. In the current range the shares have taken account of current news and are awaiting further which could take a little while, in the meantime falling gold doesn't help reducing the value of unproved gold in the ground
I have no idea what Crystal Ball Bhargav is using to say the shares should end in the blue today, mine is considerably murkier
We should end in blue today...lets see.
I can't wish for a price drop to buy more shares cheaply and complain about the state of my account at the same time - I was desperate to buy more and here is the opportunity! LTH GLA
the fall seems excessive, not sure if this is purely based on gold price or something else at play. the fundamentals of the company doesnt justify such a sustained drop.
yes not a great start however I am tempted to stick my nose in the trough again
I thought last week was a shocker, looks as though this one is going to be even worse!