Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Totally agree normbeef,
the ones that complain the most are the traders who see their quick bucks go up in smoke in a few short hours. Generally weak hands. For the LTH’s , this is just a marker along the way. Patience , patience , patience.
If it’s worth more than 4m then I guess you could take 25% tax free and sent it to me . For the rest , speak to a financial advisor! . Well done to you sir regardless.
If I’m not mistaken , there was a very similar reaction when Putin’s vaccine came out a few months ago. Lots of noise for a few days then back to the usual
Not sure the share price is too closely correlated to the silver price yet. If Elizabeth Hill becomes a producing mine then it will be. It’s all about moving the projects up the value curve.
Dav3j,
A period of very slow steady rises is infinitely better than a spike. Onwards and upwards.
Love it turbo , love it. Lunch on you sir
Short gang eating burnt toast .. take your time , you’ve got to digest Friday too!
Boom boom shake the room boom boom
Lol, Rees
I tried borrowing from my bank. Got a polite f@ck off.
Trumpy,
agree US dollar is unsafe relative to gold. Compared to other currencies though, it’s the only play.
When there is fear , everything is sold to get into the most liquid and safe currency .ie the dollar. Same thing happened in the last . Gold got trounced but bounced back pretty quick. Expect the same again.
Hi smiller,
I don’t think there will a big break in the gold/silver ratio. If you listen to Eric Sprott/Keith Neiumellier then you get the impression that it’s about to break. If you listen to Rick Rule , he bases his assumptions on the two year options contract price. When I first invested here , the only opinion I wanted to hear was Eric’s . I guess the truth is probably in the middle somewhere. I try and base my assumptions on $2500/3000 gold price in a couple of years times which should ( all things being equal) put silver around $32/$36. Not outlandish- well within a lot of the predictions made by experts on kitco. Governments(every single one) have a vested interest in keeping gold prices down. Much rather silver went up very slowly , consolidating as it goes along. That would allow every investor take profits at a time that suits them . The last thing we need is a silver price that spikes to $100 for a couple of days and then rattles all the way down quickly. That only allows the day traders to get in and out. I don’t begrudge traders their ability to make a quick dime , in fact I admire it hugely . It’s not a skill set I have. If I did , I would have bought in at 0.09, sold at 3.18 , and bought back in 1.5. Hopefully the price of alien ends up well in excess of 3.18 , so it sweeps all fellow Aliens along with it for profitable ride. Wish every investor here the very best of luck. I’m jumping off at space station 26! Safe journey to all. Peace
I do love Keith though and wouldn’t mind a $300 silver price tomorrow morning! This whole derivative market was set up to suppress PM prices( specifically gold) . I guess we could all doour bit and buy a silver coin for Christmas! Every little helps!
Max,
A much as JP Morgan are a bunch of c@@@s, the fact remains, suppressed PM prices are in the USA’s national interest. Gold competes with the dollar. JP Morgan/US government are one and the same thing. I don’t see any immediate spike in the silver price, it will just get dragged up with the gold price in time. That’s why I think UFO will benefit most , two years down the line. Patience is required and Bill needs to execute the plan.
Stimulus is coming , only question is how big. Buffet/ Dalio always a couple of steps ahead of mortals like us. If PM’s are good enough for them, it should be mighty fine for us.
Well done to all holders of ggp! Dead jealous! Hopefully something in our goodie box will evolve into something similar.
Lots of experts seem to think that PM prices will be shooting up in a couple of years time. Guess it’s best to have a long term perspective on UFO. It’s hard to , on a day of carnage but these things pass eventually. Hopefully, a few years down the line we may have a growing portfolio of royalties. I don’t thing we will ever mine any of them as we simply don’t have the cash/ expertise. Not the business model in any case. Good luck all.
What’s your point myavian? Something to add , other than gloat?
Probably a good place to start for all newbies/ wannabees is to go through all the rns’s dating back to the time when bill and Co took over from the useless previous mob. It will give you a good feel for what the company is about and what it’s not. I’m not going to sell if somebody deramps or if somebody ramps. All I would say is that I wish the very best to all holders... Those that own sweet FA but lurk on here to pontificate....do one.
Also Larry , good luck with all your other investments. Live long and prosper