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Has been moving up steadily for the last few sessions towards $1900/oz ($1860 currently).
With combined record production, strong gold prices and excellent new grades which should be easily accessible in 2021, really paints a very rosy picture for the coming year.
Gold continued to rise since my post yesterday, now up by another 1%, IMO the company is now lagging, having had a very positive update.
I think in the short term we've all paid for the apparent insider trading (or pure coincidence ) the day before the news release, I suspect those smart investors sold into the rise, obviously no Shenanigans though. I wish I could time things so well.
9 months revenue $50m ... 12 months will be $75m !!!!!!
Costs will be lower than last year, cheaper energy, lower taxes, higher gold prices and a preferential exchange rate. The net profit for the year will embarrass the sp the special dividend will be almost shameless ... how dare we? I’m fully loaded and if it dips before the next news I’m throwing my credit card balance in as well.
wrongun Have you been Doomsurfing? We are not investing here in the price of Gold (POG) we are investing in a company that has consistently made a profit no matter what the POG is the only fall that matters is a fool that can't read the figures, the fundamentals here are too good to be true. Shareholders have already received their investment back over the years I have re-invested the dividend back into shares here and it is one of those stories to tell the kids at Christmas..... I guess you will be reading the 'Grinch who stole the Gold?' lol
Last 5 years profit v gold price
2019 $12m Profit $1500 POG
2018 $17m Profit $1236 POG
2017 $3m Profit $1250 POG
2016 $9 m Profit $1130 POG
2015 $6M Profit $1070 POG
I could go on....
merry christmas everybody it's apparently time to short gold and bitcoin and Turkey stock futures!
wrongun - I read your post and understood - though I did not take it that way, you are entitled to a viewpoint even if negative. We can't have a debate if everyone just sees things through rosy coloured specs.
I really like TSG and the management are good, but they are not superheroes and have made mistakes like any other company.
There is a tendency of some on the BB to stifle debate by jumping on anything perceived as negative - personally I like healthy debate otherwise we miss learning opportunities and are the poorer for it.
I urge everyone to post their views as long as it is honest and pertaining to TSG, and those that don't like like need to toughen up a bit.
Wrongun is right (if you pardon the pun).
This has been on my watchlist for around 6 months & I seem to have missed the boat (when I was holding out for a fall to 85p). Oopsie :O
ALL fiat currencies are going to zero. They always do. Anyone looking to stand even a chance on the other side of this needs to be holding PMs, commodities & other tangible assets. Miners are an excellent play to leverage price rises in PMs, but at some point, you're going to want to cash out & get into physical assets.
LOTS of room for TSG (& the wider sector) to run & run. Because I'm overweight miners, I'm keeping some cash on the side in case of any pull backs (I do expect a "March-style" correction) & will BTFD. In the meantime, I'm reasonably content with my other holdings, with TSG at the forefront of my targets.
Anyone not familiar with "The Great Reset" would do well to read-up on it. They're TELLING YOU what's coming, if you have eyes to see it. The world has gone to **** in an awful hurry. Things will not get better. Things will not even get worse before they get better: they will simply get worse.
GLA invested here. I wish I'd joined you, but I may yet (crosses fingers).
Peter Schiff, Rick Rule, money printing -- all good for gold - true, I agree, but I've been reading that stuff for 18 years. I'm a fan of Jim Sinclair, Egon von Greyerz, James Turk and others and from 2002 for 2011 their views made me a lot of money on mining and oil shares - then it all went wrong.
My PM stocks are now starting to recover and I have high hopes for the future of TSG - more than high hopes - a firm commitment through a large holding, but jointhedots is right.
All of the arguments of Schiff, Rule, von Greyerz, and others, are right in theory - however, they have been right in theory for many years but we haven't seen the big collapse of currencies and I see no reason why the big collapse of currencies will happen soon. The central banks are still in control.
I hope and expect TSG to make a good bit of money for me, but there could be dips on the way and it is not without its risks - all stocks carry risk. Let's have respect for all opinions as part of sensible debate.
Forgot to say - after The Great Reset, none of us will own anything - not even the clothes on your back. It is scary.
"No Privacy, No Property: The World in 2030 According to the WEF"
https://mises.org/wire/no-privacy-no-property-world-2030-according-wef
Noel, point taken with PS, RR et al: I am a fan of them both & I don't necessarily disagree with what you say. However, I believe that it IS different (in one sense) this time. The (self-professed) Global Elite want to destroy ALL fiat currencies so they can bring in their Mark of the Beast one-world currency.
The people don't want it & won't accept it: just look at the opposition to the Euro. However, if you manufacture a crisis (cue CV, whose arrival near perfectly coincides with the financial markets fracturing & Fed intervention in the REPO markets starting September last year), then you can give the people no choice.
Problem
Reaction
Solution
It's the same old playbook. Given that fiat currencies ALWAYS go to zero (as Voltaire pointed out), looking at the debt levels & the state of the world today, I can think of no more realistic time for fiat currencies world-wide to die en-mass.
Problem: Corona Virus
Reaction: Money printing / debt
Solution: One world currency (& all of the other tyranny that comes with The Great Reset)
Corona Virus: a virus so convenient for the Elite that if it didn't exist, they'd have invented it.
Oh, wait..... ;)
Wrongun: bingo!
The response of governments around the world has been that we must decimate economies (& jobs), cower in our homes & wait for a "vaccine". And yet the vast majority of people will be fine with vitamin C, vitamin D & zinc supplements. You can add HCQ to that list if you like (although it still needs the zinc to be of any real benefit).
Not only are these supplements OVERWHELMINGLY EFFECTIVE against C-19, but, of course, they boost your ENTIRE immune system, making you more resilient to a whole host of other diseases.
But if the public knew they could buy cheap, over-the-counter, readily available supplements, there'd be no need for FEAR, LOCKDOWN or the pushing of experimental DNA-altering "vaccines". IMPORTANT: this is NOT a conspiracy theory! Read how mRNA vaccines work: they modify your DNA.
This whole thing is cover for The Great Reset (which itself is just a re-branding of the New World Order). As we've already seen, these people are just going to keep taking from us until we push back.
To get back on-topic, I try to lighten my mood by telling myself that, given I'm overweight in miners & metals, these Satanic ****s will at least make me rich before I die :)
I'm on board with you two - I've been reading about these topics for a good while and it's a story that needs to be told -
https://www.paulcraigroberts.org/2020/08/03/the-key-to-defeating-covid-19-already-exists-we-need-to-start-using-it/
https://thenationalpulse.com/news/leaked-hydroxychloroquine-memo/
https://knowledgeofhealth.com/modern-medicine-knew-zinc-cure-coronavirus/
Clive Maund usually writes about gold, but in these three articles he sums it all up - the coronavirus plot, The Great Reset, debt, economic collapse - everything -
https://www.theburningplatform.com/2020/08/01/are-you-loving-your-servitude/
https://www.clivemaund.com/article.php?id=5375
https://goldseek.com/article/welcome-global-gulag-part-2-fight-back
Wrongun / Noel, it's always good to meet like-minded people, especially when it seems like the world (or at least the MSM & the Elite) are against you.
As for silver miners, I hold several. Both Coeur (CDE) & Hecla (HL) MASSIVELY amplify any move in the metals. Coeur has doubled since I bought it in June (& is up 550% from its March low):up double digits both yesterday & Tuesday & up another 8.5% as I type. I also hold Fortuna (FSM), Silvercrest (SIL), Pan American (PAAS) & , on the London exchange, Fresnillo (FRES).
Asymptomatic = false-positive in my book. If you know how the PCR test works (or doesn't work, to be more precise) you'll understand how this scam is perpetrated.
Corona Virus: a disease so deadly you need a test to even know that you've got it.
Have you looked at the data for Pfizer's phase three trial? VERY interesting.
These are their own figures (feel free to check them if you doubt it).
20,000 people in the placebo group
162 showed symptoms, 3 of which were classed as "severe" (based on blood oxygen levels, so it's not a subjective judgement) & one was hospitalised.
So, if the virus is so prevalent, how is it that a mere 162/20,000 UNVACCINATED trial subjects (or 0.8%) caught the disease & only three of them (or 0.015% of the entire group) were classed as severe?
A 1 in 20,000 hospitalisation rate.
A ZERO in 20,000 death rate.
But be terrified. Destroy the economy. Take experimental vaccines (my neighbour told me that he's been vaxxed just this-morning (aged 80)).
Someone is telling porkies.
I always like to dig these numbers out when anyone calls me a "conspiracy theorist". I like to point out that I prefer the term "conspiracy analyst" & that THEY shouldn't be a "coincidence theorist" & think that all of this stuff happens completely by accident & isn't all connected.
BTW: look up who it was who coined the term "conspiracy theory"...& why. Then look up what else he said.
Hitting them with their own stick (or their own figures in this instance) is the best way to box these people into a corner. They then have to accept that SOMEONE is lying. I leave it to them to figure out who (& why).
wrongun ... I read you to the end " NOT IF BUT WHEN" ......... just seemed like a doomsday scenario but hey its Christmas and goodwill to all . It's been a record year and Ive still got stock at 1.29 and happy to have it .....
what about AAZ anglo asian as a silver play? risky with the recent troubles but undervalued for that very reason
Wrongun, I'm always interested to hear what Eric Sprott is invested in. If it's good enough for him, it's good enough for me.
Just a few days ago I was able to find a list of his entire holdings on Barchart.com, but today (for some reason) I can't find it.
I did come across this, though:-
https://nicoyaresearch.com/7-junior-silver-mining-companies-that-eric-sprott-invested-in-during-2019/
It's a year out of date, but may still be of some interest.
That reminds me of another great quote:-
What's the difference between a conspiracy theory & the truth?
About ten years :))
The latest from Paul Craig Roberts -
AMA Says OK to Use HCQ
https://www.paulcraigroberts.org/2020/12/16/ama-says-ok-to-use-hcq/
Western Public Health Officials Are Intentionally Withholding Life-Saving Safe Treatments for Covid
https://www.paulcraigroberts.org/2020/12/16/western-public-health-officials-are-intentionally-withholding-life-saving-safe-treatments-for-covid/
Totally agree! I enjoyed a lengthy chat with a like minded stranger today , think somehow she & I sussed out we were on the same page b4 each had said a word. I actually laughed out loud when a stranger cowered away from.me for fear of getting too close yesterday , it's all.absurd
Wrongun and like minded posters - Oh dear.
Last week I defended your right to post your views, however I said quiet clearly my belief that this BB should be honest and about relevant issues.
Then at the end of last week you succeeded in making me look stupid for defending you, by posting absolute conspiracy theory drivel wrapped up in a few facts that has nothing to do with TSG. I didn't challenge your group on Friday as it was in fact interesting to see words from people who actually believe the ludicrous conspiracies we hear about and I hoped it would blow over - but clearly not.
Mate you clearly have an agenda and it's nothing to do with TSG, Russia did almost certainly launch an attack on information system according to Trumps own super obedient proxies (Pompeo), I suppose they're lying as well. China may or may not have also done something but what's that got to do with it, it doesn't excuse anyone else.
Trump tells lies for fun, his tweets are a disgrace, an insult to anyone that stands back and has a period of thoughtful honest reflection, intended as a dog whistle for supporters, I and many logical people see straight through his lies, it's easy if you do simple fact checking (some day your eyes may open) and the Video you've posted is clear propaganda - it's dangerous to gullible people. Obama framing his allies and conspiring to run the US for continuous 24 years, give us a break, it's loopy
Last week a couple of you seemed to suggest Coronavirus was a hoax or exaggerated in some way, for me that's too much, I know people who have had it and have a close relative who is a nurse who visits care homes and caught it, and has personally comforted residents who died of it and sadly had to comfort a cancer patient cry in distress that they may catch it and not live to see their Birthday (their only remaining goal) - so don't give us that BS, peoples lives matter and a not to be sacrificed for political dogma. You go too far.
It was suggested by a couple of you Asymptomatic had a meaning which makes it some sort of con and assigned it your own definition - again very dangerous, if you don't know the meaning of a word then took it up, it's easy, you can't make your own meanings up. You a re doing exactly what you suggest those with hidden agendas are doing spreading mis-information.
I hope for your sake you are merely a victim of the drivel and have a chance of redemption, you really are misguided. My advice to you is open your eyes to information your messengers tell you to ignore and if it looks like a duck and quacks like a duck it's a duck, take the Donald at face value for what he is, it's plain to see.
However, in short please keep it to TSG related issues, this is not the place of political debate or scrutinise drivel. Hope that helps.