Steve Jones Don’t you think It’s all in the price, Poly are 450p out of sync where it normally would be with gold around $1800. This Putin possible invasion not come out the blue, been going on for months. Fed rate raise in price, lower dollar higher gold, like todays price.
Invasion in the price now, not come out the blue, that’s why they fallen from 1575p. I don’t think they will invade in my opinion. But who knows what Putin thinking.
The trading range should be around 1525p to 1550p if gold stays above $1800 in my opinion. Positives are Swift System unaffected. Silver looking good has well, Poly fifth largest global producer of silver. Also we should receive inflation beating dividend this year.
To get this back to decent level around 1850p gold has to push towards $2000 I noticed Comex this afternoon in US they are buying at the moment it’s seems, only another $182 dollars to go. Contracts on Comex 100oz to 1 oz contracts the gearing is incredible.
Bulls thrown in the towel it seems.14 Jan 2022 15:35
High volume, looks like capitulation, some bulls have said had enough. Gold good, Polymetal down on large volume, which is strange, some bulls dumping with the bears.
Poly gold price tracker out of sync.12 Jan 2022 14:20
Polymetal was always a good gold price tracker always in sync. Now the gap is the widest I have seen, if you look at a chart. A lot of political worry in shareprice. Once tensions ease, should have a big jump in shareprice to get back into line with gold.