Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
What was that sudden 7% drop all about - MMs playing games?
A good day for goldies (and Ag) all round as the dollar slips again. I wonder if the pog really bottomed out @ $1127 and we're at the start of the proper bull run. I read somewhere that if the pog breaks back through the $1250 mark we should be up and away for real. Any thoughts, folks?
Having recently read that Crispin Odey's Asset Management hedge fund is in deep merde, how concerned should we be that he is the largest shareholder in Shanta, or at least he was up to 16 June when he had a 19% holding? He is also the largest shareholder in Kefi (29%), which has seen a drastic fall in its sp in the past month or two.
Yes, good work Eish and in the light of Mr Learmonth's explanation "I would also point out that South African exchange control restrictions prevent our South African based management team members from further significant purchases." perhaps I was unduly harsh in my criticism of their exceptionally modest share purchases. But the Master Investor article of August was also spot on in its assessment, and I suspect today's sp could go even lower as it looks as if the pog is heading south for the next few months at least, having been below its support level of $1180 for almost a week.
I thought the directors purchases were derisory, Learmonth's in particular. For an CFO to buy just 11,500 shares when he must be on a comfortable 6-figure salary is pathetic. Coming immediately after Roets unloaded his entire holding, their buys were obviously meant to restore shareholders confidence in the company, but to my mind they have done exactly the opposite. The chairman and CFO's combined holding amounts to just 1% of the share issue, hardly a sign of confidence in their company, methinks!
I'm happy to bow to your far superior knowledge of the markets, Daisan. A Fibonacci retracement level is way beyond my ken and I was playing a bit of the Deil's Advocate to see what response I'd get. Let's see what the Italian referendum brings us next week. Banksman could be right if a further Ity bank collapse sets off an EU crisis.
is now well below its support price of $1180 @ $1172. Be afraid, be very afraid and look forward to filling your boots when it reached $1050
Thanks for that much-needed heartening appraisal of SHG’s prospects Daisan. But why should a fall in the price of gold to the levels of last year stop there? With the dollar’s continuing strength and Trump’s fiscal policies pushing the Dow ever higher, what happens when the US economy implodes and deflation sets in as predicted by the respected American forecaster Harry S Dent, who sees gold falling to $700 or even $400/oz? Then, surely, there would be generational buying opportunities, the only trouble is that by then we’d all be skint!
http://m.gulf-times.com/story/522050/Islamic-gold-standard-to-debut-in-December-price-jg
this might be an interest to all Aazers http://m.gulf-times.com/story/522050/Islamic-gold-standard-to-debut-in-December-price-jg
Another Gold-Eagle newsletter written on Monday also offered a grim view: "These are some of Friday's headlines as gold lost more than 5% in two days, silver almost 15% in two days and precious metals miners even more than 15%: • Gold Prices Reach Five-Month Low by Wall Street Journal • Gold prices drop to fresh 4-week lows by Investing.com • Gold suffers largest weekly loss in more than 3 years (this one is not very moderate though) by Marke****ch The only analysis that is truly bearish appeared on Seeking Alpha, where the future price of gold was forecasted to drop below $1000. Though that article was not written by ourselves, we come to the same conclusion when analyzing price behaviour and sentiment. And it surely confirms our proper gold price forecast for 2017." Batten down the hatches?
Yet again a plunge at closing from 1.75 to 1.675 although neither the chart nor the day's 'change' (-0.05) reflects it. ????
Some very peculiar price movements here, always seems to drop multiple kopecks at the death after being up all day – doesn’t give one any incentive for topping up
A RNS is badly needed here.
Many thanks Daisan (once again) for that encouraging and incisive appraisal. You really should set up your own investment company and charge us mortals for your research rather than distributing it for free on bbs. I too have just dipped a toe into GBGR as I thought the time was right to take advantage of the sp following the shutdown of ops for the transfer to u/g mining. The potential it offers at its main mine (if one believes in the figures) and for future prospects at Karasuyskoe, is exciting although patience is obviously needed. Re the country, hell one of my main holdings apart from SHG (on a continuing upward trend) & AAZ (nice rise today) is in Zimbabwe and it too hasn't stopped heading north AND it pays a handsome divi. Re your opinion on the pog. I do expect another correction before the big crash - a Donald presidency?, an Italy default?, a Deutschbank collapse? a China or USA housing/bank implosion? a Ruskie v USA escalation in Syria? Strewth, there are so many black swans flapping around it's difficult to know with one will land first. But I hope your worst fears of $1,000/oz are not realised although I watched a video last night of one Harry S Dent jnr who is forecasting the pog to plummet to $700/oz or even $400/oz and stay there for the duration of the recession. Something imo which defies all logic (hopefully). Anyway, thanks again. May all our horizons be golden.
Is this one of your more speculative investments, Daisan, as opposed to SHG & AAZ?
Fair enough js, but look at the welter of positive news that's come out since then. Reckon it's knife catching time!
ex-div + lost production + falling pog = buy in/top up opportunity
Indeed, investz. If they took JA's advice they could save themselves and us a bomb with their taste-masking research by adding a spoonful of sugar to help the medicine go down ;-)
RRS fell 11% yesterday for no reason at all before bouncing back. This is a great top up opportunity - pity I've no spare cash left !