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SP will be back above 200p in no time, this time last year gold price is just above $1300 and silver $16 and HOC sp was 200p. Now gold price above $1600 and silver price above $18 and HOC sp is 180p even with more revenue, higher profit and $86 million more cash in bank than last year! sp should be closer to 230p like last August when POS and POG was abit lower than now.
Like ENQ divide the NAV then you get 18p so buy below 18p and give it 6 months then SP will go back up and thats ENQ, and i think here wait for SP dip below 35p which is half of NAV then just buy below 35p and keep in the back draws for 6 months.
https://www.zerohedge.com/news/2020-01-21/palladium-record-prices-expose-central-banks-nymex-trading
Really needs some directors buys soon to stop the SP falling, they need to buy at least a couple of £100k worth each just to show confidence and support.
Seem like people can still afford to buy gold at these prices, so when it become more expensive they will switch to silver, 29th is the next trading update so theres plenty of time for the SP to react and go above £7.
The last time when the POG was 1575 was back in 2012 and FRES SP was £14 then POS was $27, and when POS was $20 back in 2016 FRES SP was £20, if POS is over $20 this week we should be at least £10, will be topping up some more first thing today.
Whats happening between US and Iran now plus central banks like FED and BOJ printing money from thin air, REPO and QE comes to mind the bankers will only use the printed money to buy more gold and silver to prepare for the total collapse this year or next, so gold will continue to rise steadily and silver will follow soon if gold become too expensive, plus January and February is the time for indians and chinese to buy gold for new year.
Whats happening between US and Iran now plus central banks like FED and BOJ printing money from thin air, REPO and QE comes to mind the bankers will only use the printed money to buy more gold and silver to prepare for the total collapse this year or next, so gold will continue to rise steadily from since mid 2018.