22nd April
Health Ministry and the Colegio de Medicos asks government to extend the quarantine.
The government has been taking their advice up to now, so this may well happen. They say the number of cases of Covid-19 in Peru is still on the rise, we are not yet at the peak of the curve, so it would be dangerous to open up. The Health Ministry has asked for another two weeks.
23rd April
Peru extends quarantine till 10th May
Peru not yet reached the top of the curve. The last day will be 10th May, though that may chance again.
https://amazonas-explorer.com/is-there-coronavirus-in-peru/#23rd_April_Peru_extends_quarantine_till_10th_May
latest news:
21 Apr, 2020 12:10
"Strategists at Bank of America hiked their target for gold prices in 18 months' time by half in anticipation of central banks and governments doubling the size of their balance sheets and fiscal deficits, respectively.
BofA now expected the yellow metal to hit $3,000/oz., versus a prior price forecast of $2,000/oz.."
Just saw it on Bloomberg tv - Bank of America raised their forecast for gold from $2000 to $3000
https://www.fxempire.com/forecasts/article/ai-fibonacci-modeling-predicts-26-as-next-silver-target-643830
next silver target $26 ???
gold target $2000 in the near term??? then a pause, possibly retesting current prices at $1750, and another surge to $2300 ??? and long term even higher
will be watching closely how these movements pan out and see how accurate their AI modelling is...
all very interesting, but i find the timing of this warning a bit weird.
the article talks about 2 main stages: bull run 2008-2011 and retraction period 2011-2015
I think we are still in the early-ish stages of the Bull market for Gold - we are yet to retest the highs of 2011 (ca.1900 $/oz) and given that the starting point was higher than in 2008, coupled with QE that is some 3-4 times the 2008/2009 levels, higher unemployment, deeper recession and longer projected recovery times - Gold price will break the last highs and go on even higher before there is any substantial retraction/correction - in my opinion it is still a way way off from this point in time, and the bull market may last longer this time round... I will keep this article in mind, but i think it is irrelevant at the moment in time as we have a long way to go before correction?!
Total gold and gold equivalent production in 2019 was 300,704 oz, an increase of 12% from 269,500 oz produced in 2018 and slightly above the guidance range of 290,000-300,000 oz.
The average realised gold price was 1,482 US$/oz in Q4 2019 and 1,395 US$/oz for the full year (compared to 1,255 USD/oz for the full year 2018).
Higher production volumes and higher av. realised prices = should make for attractive numbers for f/y 2019, at least in the revenue section...
... going forward - we have higher gold prices, low oil prices (should help reduce costs?! along with slightly depreciated rouble), looming recession and fiat currencies depreciating which should push PM prices even higher... what's there not to like about this share?
Peter Schhiff on Gold in 2015: https://www.youtube.com/watch?v=ESlcAIDexOs&spfreload=10 Also Published on 10 Jan 2015: - Is JPMorgan sourcing silver by the warehouseload- directly from the miners via financing global miners’ refining? - Dhragonomics: ECB only 1 step behind Japan- paper fiat currencies on way to collapse in 2015 - David Morgan: Fundamentals reflect $4800 current value in gold- physical shortage may develop in 2015-2016, resulting in a MASSIVE MANIC/PANIC stampede into metals & mining shares- something could lite a match to the gasoline filled warehouse of this market tomorrow! - Alasdair Macleod: Dollar strength distorting the picture- Gold has doubled vs Ruble in past year, all hell is breaking loose across the currency markets- 2015 will be the year for gold - Why the short sellers CANNOT be taken down by standing for delivery- is the entire game RIGGED? - Bill Murphy: Gold and silver may just Go Bonkers in 2015! When this blows, we will have the MOST HISTORIC MOVE IN HISTORY! Read more at http://www.maxkeiser.com/tag/gold-manipulation/#4KIesBuCuSqR4WqE.99
Interesting how Gold Price drops at the opening of US markets - yet again (I doubt this is caused by the sale of physical gold, but most likely paper gold and futures). Nevertheless, general gold price trend is still on the upward...
CarpeDiem1, Thanks for that - I agree that dividend stocks provide some security - HGM seem to have a decent return at !!Current!! prices, IF they continue to pay out dividends at the same level !? 5p per share in 2 installments of 2.5p... considering they continued to pay dividends even on the downward slope, from what i can tell by looking at the historic chart... its a good sign?! GPM looks alright too, but it seems like with any other gold stock the share value follows the gold price, despite their spread of risks, and if the gold is on the upward trend - that could do well too... i will be studying it from now on...
Are there any downsides to this stock? Numis Securities upgraded HGM to BUY with a target price of 80p - realistic? if so it would be quite a return on the current share price.... certainly looking very attractive.... I am fairly new to trading and want to tread carefully - so far most of the info on this stock is looking positive