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Yes it will have impact unless there is any further delay in enforcing Basel 3.
Bullion banks will no longer be willing to short the markert with paper gold contracts as
they will have to be backed 100% by physical gold.
So, we hope, the gold market will be "true" to supply and demand and no longer manipulated.
Andrew Maguire is one of the most knowledgable commentators on the Gold/Silver bullion
markets. He reports very comprehensively every few weeks and gives an insight into the
manipulation which has been rife in the paper gold markets.
Hopefully that will end at start of New Year when Basel 3 regulations come in to force.
Take heed of his bullish comments for physical gold in 2022.
@TalkingSense I agree with your pragmatic and common sense post.
I added substantially last week on the basis that "nothing has actually changed" and feel the drop in
sp since is greatly overdone. Surely a current buy at 1.23p is a good risk/reward play.
Oh dear! Do other bcn shareholders think the 70/30 jv's with kdnc are a
minor Mexican frolic?
Disenfranchised shareholders here can still take an indirect stake in Sonora by investing in kdnc.
@BorderBob I am less pessimistic on Ganfeng/Sonora situation.
It is in the interests of both Mexican Government and Ganfeng that Li production proceeds.
Ganfeng is a big player able to negotiate a mutual agreement that will not mean nationalisation imv.
For kdnc, as the present proposal is to site the processing plant on one of our jv areas it will need some
form of contact/permission for this to take place. Likely outcome would surely be acquisition of jv's
to simplify Ganfengs dealings with Mexican Gov. In the meantime we have free carry on this investment
so no need to take any action.
Like many here I am amazed that sp is so low. All is proceeding towards Amapa 20%.
Added further 90k shares yesterday-- now joining Obs with overweight holding.
However, I can only see a positive outcome with backing from courts and Amapa State government.
Just logged in to check for kdnc information to find no less than 21 filtered posts since 1pm.
That is all except jimb and degsie: if you are one of the others please do not reply, I am not
at all curious whatever you post.
@42trader thanks for info on Edison report. Have had a quick glance earlier today.
Quote " Valuation: everything points to 30p per share" ---and this is assuming decline in real price of gold
to $1524 over the next 6 years!
My view of gold is very positive, at least for next year.
Investors will fall back on safe haven of precious metals as inflation in US is not "transitory"!
Forced closing [a la Basel 3] of paper gold shorts will lead to physical gold only market
for 2022. Add reduction in $ value [re inflation] and continued Central Banks /China/Russia
demand for physical gives a great risk/reward trade for POG increase imv.
Definitely positive outlook for gold.
Unwinding of paper gold derivatives [re Basle lll] continuing physical gold purchases by Russia/China
and decreasing dollar value/inflation/inability to increase interest rates we have the perfect backdrop to a
substantial increase in POG for 2022.
@ROCKETV1 Agreed, there is no way the FED can increase interest rates by anything other than
a nominal amount. Cost of servicing current borrowing would be unmanageable
with higher rates.
So there will be higher inflation [in short term at least] and further recourse to the
printing press, thus increasing money supply. Not sure where the repeat process
will end but surely the market will have to continue with dollar devaluation.
Good for gold prospects imv---watch out for quick reversal of pricing in 2022.