Fed has probably first time talked about US bankruptcy if interest rates are raised to 5% but termed it a very unlikely scenario. IMO they have started talking the talking about it. Gold looks behaving independent of dollar boost, that if sustained can achieve $4000. More over Basel 111 is similar to dual listing of stock, We can just get the idea how algorithms reacts. IMO if above premise works then $4000 is in cards for sure. Recently hammerson jumped from 18p to 40s. I was sure but missed it.
1noise, 6-7% shares were unaccounted, that seems ok now. Sova is loaning shares just like Norges bank previously. Miners always pay to Government, Revenue was high so payment is high. Chairman’s statement for sure is positive and business’s base case has got strengthened. Looks like UGC made mistake by early bonds conversion, but market was so buoyed they couldn’t resist. Very optimistic Gold price predictions is that Basel111, supply issues and technicals are going to push Gold to $4000.
Gold having a nice correction, confirming it’s not going to repeat 2012 Scenario, double peak and then retrace. Also technically gold cannot go into 1200-1400 region until or unless it first plays in 2400-2700 region
Average realised Gold price for Goldminers is going to be around $1817. If new CEO as committed, restructuring and ending subsidiaries can generate 200-300m free cash easily in 2021. If inflation creates a positive impact on Gold, that’s all going to be a bonus