Member Info for ngnlnv

Excellent posts today, most enlightening.

Daily Gold Market Report
Gold resumes virus-related climb to start week, sentiment on favorable track overall
(USAGOLD – 1/27/2020) – Gold resumed its climb this morning to start the week as stock markets in Asia and Europe dropped sharply (from 2% to 3%) in response to the spreading coronavirus. The metal is up $12 in early trading at $1584. Silver is up 15¢ at $18.25. The Dow Jones Industrial Average is down 440 in the overnight mark as this report is posted. Reuters reports this morning that the virus has “subdued” demand for gold inside China itself, but one wonders how long that will last.
Beyond the virus-related impetus to pricing over the past several days, the notion lingers that gold market sentiment is on a favorable track overall. John Kaiser of Kaiser Research says “there are signs that the market is starting to take the move in gold seriously” – the early stages of a repricing he believes could push the metal to the $2000-$3000 range. “[T]here’s something different going on,” he said in an interview at the Vancouver Resource Investment Conference. I think we are in a period of increased, rising uncertainty similar to the (19)70s about what is America’s ongoing role in the world.”

Gold holding its own and climbing, as USA markets all on the slide over 1% down. Gold once again being seen as a safe haven/hedge. We need some good PR from HUM to catch up with the sentiment around gold.

Gold continuing to climb too.

As we are not a producer yet, I fail to see how that has an impact on HZM, and I also think China is sorted for its supply. HZM will come in to its own at the sweet spot for EV production and a shortage of supply globally. Not this week or this month. So no worries here.

Look forward to it. Gold climbing nicely too. Will we also see $1600 an ounce before the update? I know a few have said it doesn't effect the SP, I think otherwise in over a longer period than a few hours or days even. But sure as eggs is eggs if it dropped like a stone then the SP would follow. In my mind its one less thing for investors here to worry about.

https://www.fxempire.com/forecasts/article/gold-price-forecast-gold-markets-rally-again-2-628288

Good point, but as I'm not on the ground I will bow to the management for that decision. Push comes to shove I would sooner go for it.

A bit damned if you do, damned if you don't, but like most things with value, better to have some insurance. I suppose it depends on how much of a gambler you are, on which approach you prefer.

Me too. Happy with things overall. When we are able, I would like to see if not 100% then atleast a significant increase CORA ownership. imo that will bode well for the future, and then co develop new starter mines.

Of course the POG makes a difference, its a gold mine, and as such they have reserves in the ground and as we know, stock piled high. Anybody eying HUM will look at the POG and the actions of the company and neither in isolation if they have half a brain. If the POG hit the floor and stayed there for whatever reason then there would not be investment in mining and mine shares would suffer. It was very brave of Dan an the team to invest in HUM at a time when gold mines where suffering from lack of investment. Yes we have had issues and there are things I am not happy with. However imo we are still very much invested in the right place its just the timing has changed for many. Me included. Patience is a hard thing to learn if you start off with little.

Managed to take a few more, and this has now become my primary holding. Was well chuffed at 8% drop and a low spread so jumped in. Already in profit on todays buy, but overall some catching up to do, but its lowered my average so happy days. I didn't expect any surprises as no RNS so was glad to hear nothing untoward, just assurances everything is steady as she goes. As low burning fuse will do me until a huge take off.

$1564. Looks like a floor at $1500. Lets hope its a solid base to build from. Timing is good, and many predict $1600 well achievable Q1.

Guys invested here and in Nickel mining and Nickel has dropped off of late and yet everyone knows there is going to be a shortage because of the requirement for it in the EV batteries. So yes I agree not just here down in the doldrums. Hold tight.

Looking at the numbers sold am I right in saying they are a bit go even to be private investors, and mor like an institution selling down?

A buy of 5 and a buy of 23, whats that all about?

Agree Wasa, to reiterate we have a winner imo the only question is how big a winner. With regards my PF any bloody winner would make a change.;-(

Good to see gold bucking the trend and holding on to its gains over $1550 this morning when both the DOW and the Dollar are up. Normally the reverse. Shows good strength in depth of the market sentiment to have gold in your PF or as we know the central banks are piling it up. Onwards and upwards.

Figured the gist would be that, but thanks for trying.

Oh god, I know the answer to this one, er its er, nope Ive forgot;-)