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No worries.So,when the judges pass an alcohol test ,they can backdate a sell for cash of KGI from last weekend,the 23rd August lol.Yes I see CNR has a Golden Cross GL
Goldminers have been firing ahead of gold this year,there are now 12 UK-registered miners that can be found with Golden Crosses-ABG,AGQ,HGM,MIRL,ABG,FRES,RRS,OMI,HOC,KGI,AMA and HGM.GL
another that got away-up over 50% since I left lol..
AGY,which is up 50% from a dip.I'd once had that in r/l but wrote it off lol,usual story.
Need a change both to try to improve and to give others a chance.My gold mix has hung on,despite huge shortings over the whole year,and especially when Yellen makes speeches.I've no idea when any general stocks meltdown will be,surely it cannot last all year ? That also seemed impossible back when we made our choices..it was amazing to pick AHT last year and KGI this,after getting RRR,ATC and AFE in other times lol.It helps to have at least one good runner.This might appear lunacy,but I want to take KGI into cash from now,that will be my one allowed move in this Q3. !!!! Either that has sold the contest or is a winning move ? At least the AGI I got myself into in Q1 has recovered a bit .This isn't over for any of us,and Prar' wherever he's hiding always makes a last minute recovery does he not ? GL
tension rising for that..lol.
AGQ has now a Golden Cross.
missed AMA off that list-the only actual non producer of these but of course from next year will have among the best gold reserves in Africa getting into production.
my list of about 15 UK registered gold/silver miners,these have so far given a Golden Cross from about July-KGI,ABG,RRS,FRES,MIRL,OMI,AGQ,HGM,HOC, yes that still isn't good enough as less than half of the sector are failing to develop.However it is better than in 2013.Notice that most of the list doing better actually produce gold or silver.The present lower prices favour those who cut costs last year so as to make profits at these levels.GL
there is to be the opening of the new Shanghai gold exchange later in the year based on real physical prices not alleged fixed paper prices from COMEX and London.You might get a Shanghai price and the old prices too for a while.Customers might want to sell gold there if it is higher priced.But more importantly. less dubious..
though the SP isgiven as unchanged,yesterdays' low sell price of 16.25 is upped to 17.00,which makes a difference as existing holdings are stated in those terms not the mid price.These are prices not seen for a month or so. The mine life in Uruguay isn't too long,but it is sure they'll begin switching to their other regions before that becomes crucial.The takeover was mninimal price but will help in that direction.The Fed. etc. continue to hit gold the latest being last Friday and this Monday.There might not therefore be much above 1300 there so improvements need to be made by goldminers at their own ends. Which is whast OMI are succeeding in doing. GL
.. recently must be one of the best. .The MCap. is lowish still, but the best way to remedy that is to produce these good results.GL
OMI rewards the patient..GL bunker.Hope more will come on here to post .
plus 19.05% for the last month
as posted elsewhere,you do not need much of a rise in gold to boost up miners quite a lot.For example,GLD the gold ETF is up only 4% in 2014 so far, while the HUI goldminers index is up now 22% compared to a Dow unchanged this year at 0%.Most of this gain is still within some of the stronger producers for example KGI,FRES,OMI,ABG and RRS.Hopefully this will spread outwards.Despite the great efforts of them to short gold down,they are beginning to lose control of it.
- the better ones these days include-ABG,KGI,FRES,OMI,RRS.and HOC maybe soon to join that happy band ?
KGI's staff earn far more obviously than 3rd world workers so cutting the numbers is required to hopefully get costs down,producing at the gold price is the action of a charity but charity begins at home lol.
course I don't short its them who shorts me mostly lol.
excellent no disrespect but nothing in figures about running costs- or all in costs- which were previously almost as high as the gold price ..GL