Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I used to think like that Rich, though charts were a waste of time because gold was so manipulated, but I have changed my mind in recent months. The great thing is it becomes very obvious if chart reading is correct or otherwise.
Chartists reckon gold daily cycle high in the next day or two, gold price going to be moving down again soon and Shanta hasn’t responded at all.
Disappointing. Made some big gains on the rest of my portfolio yesterday.
I know it is frustrating. My daughter asked if she should invest into dodge coin yesterday. I might have a dabble with a small amount. But my last three investments have been into a silver miner, a gold and copper miner and the GDX. I follow Gary Savage he called the daily cycle low yesterday or today. Gold was brought down by whispers of an early rise in interest rates, the fact that stock market has resumed an upwards path means inflation is officially transitory and interest rates won’t be going up for a long time. This is why I say gold looks good. As soon as we breach the old high we should get a very powerful move. Gary Savage reckons Nasdaq will get a melt up through the summer then very significant correction in the Fall. Copper could still double from here. I am invested in a copper miner in Cyprus. Commodities have many years of upwards direction ahead of them. I am hoping we get a summer of price advancement in the mining sector. It has been an immensely frustrating few months but I am seriously hopeful we are off to the races in the next couple of weeks.
Thanks for that, thankfully my stake in Shanta is 20x higher than Hum, but a colleague knows the family and he introduced me to the idea of looking at Hum.
Very impressed with Shanta SP action. Now Dems have picked up last two seats we could be in for an incredible year ahead. I will keep my small stake in HUM I am under water anyway!
Could we be in for a nice ride up from here? Silver very close to 26 usd. Gold looks like bottom is in. Money creation in US imminent. Interested in how this will affect Shanta share price going forwards. I have built a sizeable position, been hammered in last few weeks....