Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Morning all. Just stolen this link from the Alba board. Worth a read...
https://aheadoftheherd.com/gold-bull-market-entering-new-phase-richard-mills/
Groc have just posted this
https://twitter.com/GreenRocMining/status/1638118290059829250
They will be biased of course but an interesting read. Sorry I cannot post a link....
"Gold Bullion Bulletin
17 March 2023
Welcome to our end-of-week Gold Bullion Bulletin. We round up all the latest investment news, price forecasts and the latest outlooks from expert players here each week, so you never miss a breaking news story or expert comment.
More forecasts coming in this week suggest that gold prices will continue to perform well throughout 2023, with a wide range of factors supporting a year-long show of strength.Read on for all the news you need to buy now with confidence as we head into the weekend.Wells Fargo Says Gold Prices Will At Least Double This Decade
The American bank Wells Fargo expects that gold prices will “at least double” during the current commodities supercycle. With six more years of this cycle to go, the very worst case scenario for the precious metal is that we will see the price per ounce double, with the bank on watch for £2,473 ($3,000) to be achieved next.
Expectations of a huge bull price are helped by the fact that price escalation will continue for the longer term. “Commodities are in a supercycle. We're structurally undersupplied across the commodity complex,” said Wells Fargo head of real asset strategy, John LaForge. “The shortest supercycle on record is nine years. We are only in year three. We have at least another six years to go.”
This cycle comes with additional repercussions for markets and policy makers and could mean that the Federal Reserve is forced to raise its acceptable level of inflation from its present target of 2%. LaForge said, “The commodity supercycle can be very destructive, and it's probably going to force the hand of a lot of financial players. Supercycles create inflation. And that forces central banks to hike rates at a time when growth is slow, and all these governments have a ton of debt. So, which one wins in the end? You have a clash coming here.
“The Federal Reserve is going to have to start reconciling the idea of 2% inflation is just not a world we live in anymore, and the supercycle is part of that. They're going to have to start gearing things more towards 3% or 4% inflation, or something might break.”
Juggling inflation also strengthens gold’s position at a time when it is firmly established as a safe haven. “Your worst case in a supercycle is for gold to double,” the strategist adds. “At the beginning of this new supercycle, gold was at $1,500. So, based on past cycles, you're probably looking at £2,473 ($3,000) at a minimum. If we look at the main driver of gold outside the supercycle, it is debt levels. Gold is the safe trade in a world where governments will have to figure out how to pay the debt back at a time when interest rates are rising.”
Gold has gained ground rapidly this week alone to hold a six-week high above £1,566 ($1,900). This could be the first indicator that the ascent has already begun.
Hi Viking, I know the question was not for me but generally I use and I know Speedie uses Atkinsons in Sutton Coldfield. I always find them cheaper than Bullion By Post. Not advice but Brittanias are good as they do not incur any CGT when you sell them. Also easy to resell when the time arises. I am not so sure about the sovereigns and half sovereigns
A report from the Gold Safe read today "Gold prices are on the cusp of an enormous break to the upside with a target of £4,194 ($5,000) expected by 2027. This figure, giving by Rob McEwen, the executive chairman of McEwen Mining will be made possible by the continuing weakness of the U.S. dollar." Obviously they have a vested interest in selling gold but hopefully some truth in it
I bought some more Brittanias last week and crashed the market. Timing is everything and mine always seems to be rubbish. There is however something nice about having a tangible, physical asset. Long term I think physical gold is a good asset to hold. If I ever need a care home I might just forget I have it so they can't take my hard earned money off me.
"Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies." Andy Dufresne Shawshank Redemption. If you have not seen the film you really should . Possibly one of the best films ever
Agree there are more bites at the cherry with ALBA. I was sort of hoping for 1p at some time in the future, no rush. If it ever gets there it's a tidy increase from here. Fingers crossed. I remember GGP at 37p. If only I had sold.......
Morning Robbie. Not tried this morning. I did buy 5k yesterday morning first thing and managed to pay .13.I have a canny knack of buying near the top. Been in here for a while. First bought at .07 stayed in all the way up to .5 and all the way back down again. I am hoping it does a GGP. Forever the optimist. I do have a buy order set at .11 so perhaps that might be filled over the next 30 days but we'll see