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First one for Biden I mean.
When you can print money like that and send it out to millions of people, no-one knows what will happen but I think it may be prudent to have some money in gold and not just the standard mix of bonds and stocks in a portfolio. Especially when yields are so low in both.
The country with the global reserve currency has just signed off a $1,900,000,000,000 stimulus package. Obviously the first one of many.
I'm not one of the hyperinflation whackos but when you print money like that it certainly undermines the faith in the currency.
US stock market at all time highs with very high pe ratios. Simply because there is so much cash out there and it has nowhere to go other than bonds at zero point nothing percent.
Where's left? Commodities and gold in my opinion.
I can see gold at $2,500 by June and Haveiron potentially still reporting mineralization open.
You'll be lucky to get back in below twice the recent high of 39p at that point mercedesman...
I think an offer could come any time but we are pretty big even for newcrest.
But in this market it wouldn't surprise me if newcrest raise the money in equity and buy us out in a massive deal.
In gervais latest tweets he didn't mention much but did say the new ceo is experienced in mergers and acquisitions. (Hint?)
Either way I'm happy to hold this and think there's lot of upside but not much downside at this price.
And like that billionaire mining chap said on the video posted last night: "there will be bidding wars for anything that has 5, 10, 15 million ounces"
Soon we'll be proved up bigger than that and fully in that tier1 category.
No, a bunch of people on the internet can smash a tiny stock that's shorted 140%. We see that all the time even here in London. They don't stand a chance in the bigger markets. Remember gold is probably 5,000 times bigger, globally traded and very liquid.
That's why they're all getting stopped out on paper thin margins today.
There's quite a few reasons we are not fully priced , in my opinion but one of the main ones is regulations. The brokers and ii's and funds are attributing way too much risk for this.
For example ive seen people even write on here "we have 4.2m ounces".
Of course we have multiples of that and many people who post here know that but many are using that number.
People are also saying incredibly silly things like
1. They'll run out of money (lol)
2. Exploration is risky (lol)
In my mind I don't have 50% doubt that this will not get mined up, I have 0% doubt. This is one of the best finds in decades and we still don't even know how big it is after a year. We can guess it's over 20mn ounces though and will end up finding more. So this is way cheap imo because most haven't done that much research on it or are misinformed and selling for silly reasons.
All in my opinion of course.
I wouldn't take too much notice about the gold price. Again, not because I'm burying my head in the sand but because of the latest reddit trading lot getting a tanning off the big traders.
Gamestop was a tiny little company with a massive short position.
The gold and silver markets are multi trillion dollar markets with even more than that in derivatives.
A bunch of robin hood kids were always going to get owned going up against that.
Lets not forget robin hood pretty much sell their orders and positions. We can all be quite sure many were using way too much margin buying into gold and silver, now they are getting heavily and purposefully stopped out by the bigger boys.
This will all cancel itself out in the next few days and id expect gold to go straight back to 1850 and continue it's uptrend slowly.
I said ggp would consolidate for a day or 2 before it pops. I'm sticking to that opinion and the more it hovers around this level, the bigger it will pop when it breaks 30p.
Yes it is an absurd article.
If Gervais wanted to raise £50m for this he'd get it done in 5 minutes. Goldman Sachs would be waiting for him at the front door.
As if one of the biggest gold finds in recent decades might run out of money!
Is this the same website that ran a similar article a few days ago by a woman who had clearly failed to do even the most basic research?
Where on Earth do they find these people and do they actually get paid to write this?
Thanks for posting the interview Croire and yes, interesting what he says about copper. I see you're in CCZ also. A completely unloved stock at the moment considering the recent discovery but I think that will roar in the coming months. I've made money a few times when an asx stock dual lists on the lse.
I think a little more consolidation around 27-29p for a little while to let drips like Harry and Elise drop into Mr Big ii's bucket, then they'll need to take the price up Friday or Monday in a similar fashion to December 14th. That was the last time we had a similar silly down and up move.
Hopefully the interview gives us a boost but once it gets moving through 30-31p, I think it will be hard for the mm's to slow it down.
Then a test of the 40's could well be on the cards. It's got all the right reasons to go there soon in my opinion.
I'd rather have a hundred grand in this than have a hundred grand in physical gold right now and I'm sure many others feel the same.
Yes it's much easier to manipulate on low volume and especially after an rns. All of the market makers will have a system to automatically pull all orders after an rns. They will then manually trade it for a while.
So if 10 market makers pull liquidity, there are basically no bids (or very tiny bids)
They can then send the stock down on very small volume.
They also have ways of massively discouraging buyers by e.g. making every buy quote go to NT, yet letting everyone sell as much as they want.
I am quite sure this happened in the 10 mins where it dropped 30%.
This of course should be completely illegal but for some reason it goes on all of the time.
From a technical analysis perspective, the move from 34p down to 25p should be seen as a 'gap' to be filled on the chart and there should be very little resistance on them prices on the way up as there was never any support.