Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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NoelShempsky,
You are a junior and in need of re-education!
20 years ago today one troy ounce of gold was worth one troy ounce of gold. In £GBP it was priced at £202.88. ($US 349.97).
My car x 8 would cost me £272k today but I can get a similar model for £60k instead so my $34k invested in gold and sold today would buy me four cars instead of one and some chump change to attach a speedboat to one of them!
My 10g bars were costing me £52 .....today more like £550...Go figure?
My Shanta Gold shares are down some 65% in 16 years....
I noted that you speak through your rectum...but I have kept quiet 'til now.....but now that you've confirmed it, it's not my fault!
And some people vote you up....go figure! lol.
Best to remember that one ounce of gold is worth one ounce of gold......but at a 5,000yr. high against fiat derivatives.
Time for you to DYOR NoelShempsky! Best wishes. Nice weekend.
The big threat - "Chile Stuns Markets And EV Makers By Nationalizing Lithium Industry Overnight"
https://www.zerohedge.com/markets/chile-stuns-markets-and-ev-makers-nationalizing-lithium-industry-overnight
... and if the gold price did suddenly rocket to $2,500, then African and South American countries would seize the mines, possibly not paying compensation.
" I wonder whether back say 20years ago when gold was £200......whether you'd have been saying the same "pinch of salt" theories on gold being £1,600......and a 5,000 year high in 2023....and yet here we are!"
It was in either 2002 or 2003 when I first started buying gold stocks, so just over twenty years ago. BTW, gold wasn't at £200, but perhaps you meant dollars.
It is true that, back then, the idea of $2,000 \ £1,600 gold would have pleased me, but not if I had known that it would take 20 years - 20 years of waiting.
My point was that those mouthpieces build up un-realistic expectations, they speak as though the big rise is next week or month. They are as bad as second hand car salesmen trying to sell dodgy motors.
I've been in the gold arena for over twenty years, so don't try to educate me, I've heard it all before - many times.
Noel Shempsey....... you say "I know we've had a steady rise to $2,000, but these people go on about $2,500, $5,000 or even $10,000." I wonder whether back say 20years ago when gold was £200......whether you'd have been saying the same "pinch of salt" theories on gold being £1,600......and a 5,000 year high in 2023....and yet here we are!
I think "viagra'd" inflation and interest rate rises will both rise a little more and stay for a little bit longer .........so the herd thinks that gold is not a good investment??? Just need to look at how gold performed in the stagflationary 1970s......X20......is 2000%....now, although we may not see 70's interest rates, gold looks like an asset of value and a hedge against economic distress, market volatility and massive money devaluation. And when the herd loses confidence??? During recession sometimes there is also stagflation - inflation, poor GDP and low employment put together. The Federal Reserve can either "improve" the economy by lowering interest rates and wreck the $ which will light gold up...or they can raise interest rates and wreck the economy which will light gold up. Perhaps the market will demand higher interest rates regardless forcing the Fed to QE! Gradually a strengthening alternative southeastern part gold backed currency will gradually put pressure on the $ which will keep gold lit up.....central banks get it....that's why they're buying more gold! And what will happen to lower supply and higher demand.....yep my common phrase again....gold light up and lit up! And that's why we invest in SHG and the like....important to have a portfolio..and not all eggs in one basket...hedge a bit...keep some dry powder for opportunities.
I think the chart is looking promising.
As I always say, I'm not a TA expert, so I appreciate other views on chart analysis, but I do think the sp is about to make a good leap up.
I've just received another email from Peter Schiff - "Gold is on the launch pad". I've been getting his emails for, it must be ten years or not far off, and it's always about to take off.
Look at this bull**** on KWN - "Ignore Volatility As Silver Is Preparing To Explode Higher" - it is always "preparing to", "about to" - but it never happens.
I know we've had a steady rise to $2,000, but these people go on about $2,500, $5,000 or even $10,000.
Take the "Big rise soon" \ "Gold price to rocket" type of articles with a pinch of salt.
Shanta holding flat, HOC and Hummingbird are up and everywhere else is heading down in gold sector. Not sure how they can sell or buy anything above 150,000 here and must be a broker to broker call.
Recent shocks in global banking have altered the script on growth, rates, and ultimately precious metals prices. We now forecast the gold price to eventually break its previous record high and target USD 2,200/oz by the end of March 2024. Hence, with uncertain times set to continue over the year ahead, we recommend holding gold as a portfolio hedge.
Source: UBS (Switzerland), 2023.
Those 2.4m worth buys indicates Q1 and Shanta should be really good going forward
I would have expected the Share price to jump higher with these mil buys…
Has to be a buy because there has been huge support and bid at 13p hence the reason now I see.
Spread is so tight 13 13.03
it is showing as sells ?
1m and 1.4m trade
No wonder the bid held up strong at 13, knew someone was buying in size, hence the strange trading behaviour. Someone has confidence here
Yep gold junior miners this year then next year other Metals esp silver.
In my opinion, rush to gold is going to accelerate over the remaining in 2023, particularly as global growth is expected to slow.
Shanta progress looks good to me and might be a possible target for a takeover offer once again, as it proves its potential.
Gold to $3000 and the S&P to 3000.
So far the gold mining indexes have hardly moved and recovered 0.5% or half of what they lost yesterday. HUI ARCA looks like a top formation is in. Confirmation should arise over the next week or so. Gold ETFs giving a similar picture.
A lot of games being played as options expiry date on equities tomorrow. We did get taken out of one down channel on gold, but it may now try and form another. We shall know for sure by close of USA market today.
Considering the "puke" from yesterday on surging rates around the globe, its quite something that gold isn't budging despite what is being thrown at it in terms of US Yields and DXY.
What a rollercoaster in the gold price here!! Shanta should move up accordingly
@ 09:23 - Whilst it took longer than expected I anticipate the Kakamega dome area developing along similar lines to the Kabompo dome (AAL/ARCM JV announced today). I seldom add anything to that bb although holding a fair-sized chunk of stock.
It would be a surprise if WK was not part of private conversation with Jhb miners at the CT indaba.
West Kenya (WK) Shanta's Kenya project in resource stage.
Would somebody kindly explain the meaning of "WK", please? "Week" obviously does not fit the context.