Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The last time Gold took a major dive was when Gold was at 1600ish and dropped to 1250ish...Everybody sold or did they. It was clearly a co-ordinated effort and I am sure miners ran out of nails to chew but the Central banks were as sick as a pig. A mass retail buy and I amsure government occurred globally and although the BOE remained silent export records showed a huge transfer. About 1000 tons much of it from BOE. The Swiss refiners went to 24/7. We currently have a shortage in Dollars in the EM's (Gold buyers) and a record short position in Gold. This could go either way, in my view, but if down I do not think it will be much below 1150 because the Centrals will be fearful of another retail clear out, they cannot replace easily. It could also send us up quicker if the shorts fail and have to buy back their position all at once.....interesting month.....got a coin?????
I am quietly laughing to myself, sad I suppose and very non PC now. I used to work with a guy with a squeaky voice like Joe Pasquale.....his nickname was BT........short for Bearded Tw.t because he always talked bol....s. The good old days.
I understand that they cannot generate news, but BH has come out of the blue and I would like to know the thinking and rational as this will drop us out of some gold ETF's also it was discussed about a share buy back, seems to me we could certainly do with that discussion. Generating a higher share price I would have thought is defensive and positively urgent if I was on the board..... for all concerned, not just us PI's but every employee. I understand LOM extension will help but unless board tell us more as to where their driving PI's won't know if they want the map and how much it's worth.