Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Https://www.fxstreet.com/news/gold-price-rebounds-on-downbeat-nfp-data-softer-us-dollar-202405060411
Chinese consumers are buying small gold beans π« which come in different shapes and cost around $85 each . The Chinese central bank is swapping US debt for gold . It's creating a gold market that's behaving differently to normal. High interest rates would normally have a dampening effect on the price of gold . It all started with the freezing of Russia's foreign held dollar assets .
https://www.nytimes.com/2024/05/05/business/china-gold-price.html
My personal opinion is that a big dilution is in the pipeline. The factory in India will need funding and that could be the reason for this surreptitious selling !
Let it be a warning β οΈ to those who have buried their heads in the sand over the real likelihood of further shareholder dilution !
In my humble opinion , please conduct your own research !
We need to see Mrs Boughtwood buying back the shares that she sold ...with an apology...in support of the company and her husband. Will that happen ? Doubt it .
I agree that there is now a storm cloud hanging over the share price . What were the reasons behind Mrs Boughtwood's surreptitious selling ? Could there be a big dilution in the pipeline that caused Mrs Boughtwood to take this action ?
There is no smoke without fire and Mrs B has executed a systematic and calculated sell-off with a total of 37 trades ! Hmmmm !
She bought shares at around the peak and now has recently sold , through numerous transactions , more than covering her loss on the shares she bought at the peak . If this is a case of dealing with insider information then it's very serious and the three amigos will not be happy !
Sorry "by dumping " π²
China is the big buyer of gold right now buy dumping US debt and buying gold .
As long as gold continues to climb or stay at these levels , then Greatland's share price will catch up at some point π π ! I'm holding right the way though this journey ! Good luck folks π DYOR etc., etc..
https://www.fxstreet.com/analysis/china-is-dumping-us-treasuries-and-buying-gold-202404212302
Https://www.reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
POG is sending a big message ....
https://www.ft.com/content/bdcb7d8a-e958-4910-9d1b-a6a519812503
I think the next target is $3000 usd ...Once we hit $2500 . Lots of Chinese buying .
https://oilprice.com/Metals/Gold/Is-Gold-Heading-to-3000.html
There could of course be dilution if Greatland want the other 70% of Hav ! .. My opinion is that Greatland will be bought . They just can't afford it without massive dilution. That wouldn't be worth it . If gold prices continue as they are then Newmont might change their mind ....who knows !
It's getting there ! π
I say shortly but nobody will be shorting gold right now !
https://www.fxempire.com/forecasts/article/gold-price-forecast-gold-waits-for-monday-1419842
US inflation looks like it could be coming down .
https://www.fxstreet.com/news/gold-hits-new-all-time-high-despite-hawkish-fed-comments-meaty-us-data-202403281856
The graph shows a clear rise off the base level ...Still 60% down but heading in the right direction .
https://tradingeconomics.com/commodity/lithium
Lithium looks like it's on the way back up ...
https://tradingeconomics.com/commodities
The high POG should amplify the Lassonde curve once production starts !