The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Whilst we wait for the result just wanted to thank some of the posters here. I bought Serabi, Thor and Kefi after reading all about the daylight robbery that is occurring at Shanta. Serabi have held for a few weeks and already 9% up, the other two only in last few days and they are already in positive territory. Great tips and obviously some early money coming into junior miners.
The correction in last few days caused by dollar strength. Dollar now rolling over agin so gold is resuming the bull. This buyout at Shanta is turning into a pantomime. It is quite literally a joke.
Shanta is going multiples higher.
I posted this on 06 March that gold was heading for 2208 after watching a brief from Francis Hunt on Market Sniper. We hit that figure today. Francis hasn’t posted any higher targets yet, but when he does I will republish them here.
Yes was typo. Market Sniper is Francis Hunt, his tech analysis is very impressive. His longer term target up to 2 years is 2900 usd but this move he is predicting 2208 then gold stops for a breather. Was a typo, I couldn’t edit the post.
Been listening to a really good broadcast my market sniper on YouTube he is confident that 2108 usd is going to be achieved on this initial push expecting it to overshoot slightly, but he is planning to take profits there. This bid for Shanta gold is a disgrace. Gary Savage also broadcast tonight that usd has entered a new bear market and he has repeated that 5000 usd is baked in the cake possibly very much higher. What would that value Shanta gold at?
I said a few days ago, forget 16p has to be 20p to get my vote. Now that gold has broken out and looks to run to 2210 25p is the absolute minimum. Events dear boy events, the Patel fraudsters got their timing all wrong…..
Update from Savage. Intermediate cycle low confirmed yesterday. Franco Nevada hit all time high as well. According to Gary we are in day four of a miners advancing phase which will last 2.5 to 4 months. Only just popped to 200 dma but it was breached. Happy days. Lovely bounce in SHG yesterday.
Catching up with Gary Savage, maybe green light for 01 Aug take off for POG is on the cards after all. He is looking for one more green day follow up to yesterday’s bounce in POG to confirm that the latest bout of manipulation is over. This would also confirm intermediate cycle low of around 1760 is in. If true. SG share price could recover quickly….
I will be watching markets closely today.
1800 has become a very important level. If POG remains above there could be a very strong move coming. The boys, dumped loads of shorts in this move down, according to Gary savage (chartist), there is a possibility of not only daily cycle low, but also intermediate cycle low being achieved here. All ifs and buts, but if this is an intermediate low the next move up could take out all time highs. All of this is great for Shanta.
Update from Gary Savage.
1800 becomes the new line. Stay above and get to 1850 in the next few days, all still ok. If Cartel break it today below 1800 then a lot of technical damage has been achieved. We will know a lot more by end of the day.
I am all in now, picked up a junior silver miner yesterday, all in with Shanta, have various commodities including cobalt, platinum and uranium, even bought a green Italian utility, and solar maker in US. I have GDXJ and various other gold and silver miners and a couple of oil services providers. Picked up a book called the Alpha Strategy describes the best way of surviving 70s style stagflation. I have already reduced bond exposure but I am expecting one more melt up of general equities before I will exit those.
I am out of ammunition. Just hope I am at least half right.