Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Littlened. This company only has a market cap of 16 million. I am sure it's only you that is supporting the sp . Again I really hope you are right, but do you not think their are a lot better companies to trade than this one. I try to trade gold miners and emerging Mark shares like thg and boo as they go up and down like a yo yo. Not saying it's easy but this year has started well for me apart from this share , I still hold out of pure stubbornness. Fingers crossed here
On monthly timescale inflation is falling in the US, not as forecast but shows what the fed believes inflation will take some time to come down. Is this good for gold, I don't think so unless new data released shows the economy is heading for a recession the fed will maintain the rates at this position and for that soft landing , just taking longer.
Sp held up well today, bounced of the £8 mark from fri. Will it hold, we have to wait and see. I don't expect a great deal of movement from gold and silver until more data released or waffle from the fed. I still Believe I will get my shares back at a Lower price and I do think Fres will eventually give good returns. Most pm miners took a day of today from the bear market.
I see tenaz share price has done well recently. I wasn't to thrilled about these guys at the time, maybe I was wrong as it looks like these guys have ambition unlike the muppets that stopped the deal and now have gone to sleep.
This held up well today considering where gold and silver is. All my other pm miners dropped. I thought it might, but if commodities do not improve this could easily be 750 by the end of next week. I decided to sell today to buy back later. Wait and see if I made the right decision, as I can see gold bouncing back in the spring.
Ism next. The forecast is quite low so actual could come in above quite easily giving pm another beating. The problem I have is for years you hear all these reasons why gold should do well but this never happens. So for me pm miners are looking over valued. This makes sense when you see banks ratings.
More economic news today which could help pm short term. Not great on charts for Fres at this time but am expecting this to change this year as markets over heated. Need housing and manufacturing to continue to decline in US to keep dollar restrained.
Algorithms are linked to the relating commodity so a small rise is expected, but unless that commodity continues its bullish trend short term pm miners will again fall back. It needs a good jump for humans to change these patterns. Easing inflation will be influential in this as well. Pm miners have not performed well recently like they have done in the past due to no shock.