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But.... SP move suggests 'Sell on News, Buy on Rumour' is the predominant sentiment today.
Just a few thoughts on this.
Many items have been used as a store of wealth and a monetary commodity in the past. Seeds, livestock, shells, silver , tulip bulbs and many other things.
We are entering a huge period of economic uncertainty, globally the value of fiat currency is being decimated with outrageous amounts of liquidity.
It is not surprising people are casting around for a way to maintain their wealth. Gold has been a store of value since Egyptian times. It is around in very limited quantities having been created in a supernova. It is also being used up as jewellery and on circuit boards.
Bitcoin is a man made creation, easily accessible to millennials with i-phones, competing with hundreds of other man made currencies. It happens to be the one that is doubling in value every few months as more and more speculators are sucked into the trade. By all means have a go, but last man standing will be broke.
I'll stick with gold and my little 7% dividend.
Couldn’t get a more transparent and professional statement and report.
LOM 14 years.. That should put paid to any remaining shareholder concerns.
From my chart analysis, this is looking like a bargain at this price. That doesn't mean it can't go a bit lower, but it will soon fly.
However, let's not forget that two men died while they were working to make money for us. As an ex-miner who followed my father, grandfathers and uncles into pit work, I will feel sadness on making money from this company's shares.
Random path and infinity is all I've got to offer you there GlenFidrich.. useless I know :-)
Don't forget... Isaac Newton invested in the South Seas Co. Got out at a profit, but went back in as the price kept rising and everyone else was investing. When the bubble eventually burst he lost everything. I think Bitcoin will turn out to be like the South Sea Co. There were no real assets.... just like Bitcoin now.
Yeah, I'm disappointed, too. The lack of news isn't helping, but the GP is sliding as well. Read an article today suggesting that if Bitcoin is the new gold standard, does that render physical gold irrelevant? I guess the jury is still out, but hard to hold here when BTC and ARB are hitting all time highs. Perhaps that's the nature of the game? People are being suckered into the bubble, and when it bursts, gold will be flavor of the month again. Who knows? The world has gone completely mad, and I'm struggling to make sense of it all. Can anyone out there enlighten me?!! Thx in advance.
as it looked like ok support there ...and so another leg down of weakness is clearly possible here now.. but I'll see that as a further topping up opportunity.. per my top up just above 100p, I will continue to top up by small increment only for now.. as when Vein 25 re opens remains very unclear.. (I would go for larger top up increment under 90p but hopefully it doesn't go there..)
The real Ask must be 103 rather than 105. Half of those Sells are Buys.
Agreed. There seems to be support at current levels though, and if/when positive news on v25 is announced one might expect the sp to re-test the 1.33 level of early January (a not insignificant 30% increase from where we are at present). Is this a good bet therefore? Hopefully.
2020 Revenue Au $29m, Ag $0.4m. I take it that you are bullish on the price of silver?
need news on v25 opening. Price gonna stay low until re-open.
Intentions!
Does the move from Arden to two bigger advisors (joint responsibilities) signify anything about TSGs future intensions, e.g. moving from AIM at some point? (Just an idle thought.)
You can bet on it. Oh, wait....I did.
And that comment guaranteed that silver would fall back the following day!
TSG is recovering similar quantities of silver to gold. If the silver short squeeze continues then at some point the price is going to rise sufficiently to boost TSG's earnings.
Someone didn't see that up move and sold at 103 at the close!
10k buyer there, nice rise into close. Good to see this getting some love
A more recent one by Butler -
http://www.24hgold.com/english/news-gold-silver-the-genius-of-jpmorgan.aspx?article=18777039818H11690&redirect=false&contributor=Theodore+Butler
https://www.silver-phoenix500.com/authors/ted-butler
Do you know abut GATA?
http://gata.org/node/5854
Ted Butler has been fighting the manipulation in the silver market for 30 years. Twice, he has forced the CFTC to hold investigations. They said they couldn't find any evidence, even though Butler had directed them to it.
https://www.silverdoctors.com/tag/ted-butler/
Darf
NP - been watching a lot of vids wit high profile commentators saying how Gold markets - and silver are rigged
Thanks praiser I just watched that, very informative. Nce one : )
https://www.youtube.com/watch?v=O4DeNbm1BNU&ab_channel=GoldSilverPros
We revisit the Basel III requirements that are set to wreak havoc on the London unallocated gold market on June 27, 2021. We also discuss the potential affects this has on vaulting gold toward its CPI adjusted high of $3045.
All my sympathy to the families who lost loved ones. But there will be little impact on production. Sadly such accidents are a hazard of underground mining, and usually very quickly identified as an obvious failure of machinery, explosives, fuel etc. Correct procedures are swiftly being conducted to record all factors in this event. In the meantime staff have been re-allocated to other production areas, so those ares now have increased human resources to increase production. Also, the price of gold has been somewhat subdued for over a month now, and I'd like to see the high grade Vein 25 motherload sold when gold is back up to a £45-50 per gram level, which looks increasingly likely as the Bitcoin Bull market seem to be cashing in their huge profits (as we see Bitcoin finally start to fall). As the POG rises, TSG will soar to new heights.