Member Info for ngnlnv

250,000 ounces per annum. Awesome
At $1700 an ounce = 425,000,000 yes that 425 million.

Yep that's a $28 rise on the day so far and the dollar gone from a positive overnight now to a negative slide. This is predicted to be the near future situation with a possible catastrophic decline for the dollar and a meteoric rise for gold. Interesting times.

I expected a much larger pull back of a couple of hundred dollars., But having read alot more over the weekend on the gold shortage, it makes sense that it doesn't pull back much, just has a breather basically before climbing again. Makes sense there will be profit taking but it would seem that is offset by new money being invested, believing this is not the finish of the rise but the start of the climb to much higher prices.
I hope so.

So good to me.
Gold gains $13 overnight back above $2030 to start the day. The dollar also gained overnight, so the week starts on a level footing. Everything to play for. The dollar is fighting for it's life, while gold is immortal so doesn't have that pressure. Might get a nose bleed though if it goes to high to quick. Lovely morning but watch out for stormy weather in more ways than one.

Not to mention the massive short that the banks put themselves in and gold continues to go up, They are stuck with a multi billion dollar mistake that they cant print their way out of. They need physical gold that they don't have.
The same bar of gold sold many many times over and now banks institutions individuals and even countries want their physical gold and it aint there. lol

On the malt already. Have a good one.

I think the resources are there and with gold set to rise further, nothing will be off the table.

More steady ii buying by the looks of it.

You just type faster than me with my fat thumbs Two goals;-)

With the other assets being now having been purchased and farmed out and the drill results and exploration continuing. Gold at a price above many thought it would be at this moment in time. The LOM imo may have a bearing on the price offered in a takeover bid, but it would not prevent such an event.

I'd want enough to have a party and we know how much that is.

Lol

Yep, expecting a pull back in POG too.
Dollar oversold, and seeing a possible bounce already this morning. Gold maintaining position at the moment, however long term for gold is up imo. Never been happy with the quality of comms from HUM and nothing recently has changed my mind. Sound investment imo but we would benefit by using some profit to get a good PR team together. Ho Hum

Who took the jam out of your doughnut?
I wasn't comparing any other fiat currency. Merely acknowledging the often observed correlation between the gold and the dollar, being at the moment the recognised world currency.
Trying to put a figure on future gold price is like trying to measure sea level from a boat.

Morning guys excellent news. I only pop in here now and again as it's a small investment I have here, but thanks to all those sharing their knowledge and findings
Much appreciated. In this instance, than you Peoplepower for sharing.

Dollar trying to make a comeback this morning, but even so gold managing to keep gaining. $2062 as I type.

Sorry that was auto corrected from OLAY..

Play.

Definitely, I think you need to moooooove on.

Pull the udder one;-)