Member Info for badshah13

Gold and Silver is being played around by institutions and the wealthy people to wipe out the money of the small investors. This is the 3rd nose dive in the last few weeks. This is basically a casino for the small investors as the wipe out could be any moment but the rise in the long term is given. I agree these manipulators should be behind bars but hey ho, the decision makers are the same people who are manipulating..

GLA

So got to wait another 2 weeks, until 25 Feb

This would mean both parties are interested, probably the reason for the little rise

Probably AI does the writing as well as reading..!

GGP will close better than opening price today.. silver will rise with Shanghai market closing the gap.

Yep, if we had crystal ball, we would not here here posting now.. I would have loved to time it better i.e. 10% cheaper, but I knew the risk and my answer to it is that long term GGP wont disappoint me even for a 700p buy.. hence I am not losing my sleep :)

Seems like one today. It was expected at some point but the bull run of gold and silver went on for longer. Lets get some stability. I would prefer GGP price to move on its own fundamentals than market driven - which opens us to high volatility.

I am hoping the money coming out of paper gold will flow into mining stocks like GGP as it could protect you from high volataility. Silver is -30%, glad not the 'Silver Thursday' crash of 1980's.

Good time to top up for those who can... I timed mine wrong by doing so early this week at 700p :(.

GLA

Google prices changes with the late trades reported. The actual clising price normally corresponds to the UT trade price which is what is shown on the LSE website.. so today's closing will be 630..

Have a fun weekend all.

Even after the 2nd sell off in 24 hours, Gold is still higher this week overall. If you look at GGP it is oversold as compared to gold drop. ASX is just below A$13, which is lower than last weekends close.

Peers up, Newmount close +3.9%, Northstar +3.1% and Fres is currently +5% up, so not sure what is playing here unless there is a big seller in a background.

@Spymaster25 we might knock $5450 before we sleep..!

Don't forget this was 14koz of unsold gold in last quarter. At the current gold price - AISC, it would add another A$70m of revenue i.e. taking us over A$1 bn in cash balance.

This is typical GGP reaction on news. It would rocket tomorrow.

Gold price has gone up by 6%+ since Friday and we are have lower from that SP..

GLA

So AISC is under guidance

And production expected towards higher end of guidance..

And gold prices continuing to rise...

And mine is open in few directions..

That is just Teller for you right now.. money printing machine..

Enjoy everyone..!

Strong December quarter caps an outstanding first full year at Telfer

Quarterly production of 86,273 ounces of gold at AISC of $2,196/oz, which generated

$406 million cash flow from operations and delivered closing cash of $948 million

Sales of 72,212oz Au and 3,301t Cu at weighted average realised prices of $6,301/oz gold and

$14,652/t copper, generating net revenue of $507 million.

Gold price is flat - Trump is probably still asleep today

Almost a flat finish at ASX which is strange considering AIM price yesterday. I am hoping AIM leads its own path and drives the SP further in anticipation of the results tonight.

It seems Aussies want to see the results before they move, unlike British who buy in anticipation and sell on news..!

Let's see...! GLA

​The Federal Reserve's next interest rate decision is scheduled for January 28th, 2025, at 2:00 PM Eastern Time (ET), which corresponds to 6:00 PM Coordinated Universal Time (UTC).

Gold about to rocket before close tonight as Iran will likely to be attacked tonight.

Expect above $14.2 close at ASX tonight..

Oozzzzzzzz

Close today will be above A$14

ASX sp last night was entirely driven by macro-economic factors rather than GGP in isolation. I agree it was way overdone and buying opportunity for those looking to add. AIM doesn't agree with ASX for once and it may drive the price in blue by close today..!