Member Info for nimrod22

In Pounds is just touching a peak a

To the oversold line on the RSI graph. Its done the same 7 times over the last year and bounced back up again to the over bought. Great buying opportunity for those looking to enter, should start drip feeding in now so as to have a spread over the final low position. Those that are all ready holders have to take the rough with the smooth.

Its SRB or one of the many other hot Gold/Silver miners (which I'd suggest you should be holding) its plenty of dosh coming down the pipeline over the foreseeable future. All the stars are aligned for gold and not just the Fed lowering interest rates. Everybody and his dog are building Gold reserves; the South Americans, Türkiye big time, India with import duty cuts and rising middle class with cash, along with anyone with two Rupes to rub together. Russia and China trying to change the world order with Gold reserves. Saudi becoming big time buyers (on the quiet). ETF funds reversing their Gold selling mode to very active buyers......did I leave something out???? ....Possibly everyone else stuffing their mattresses for some personal security.

"The 2 analysts offering 12 month price targets for Serabi Gold PLC have a median target of 114.08, with a high estimate of 119.33 and a low estimate of 108.83. The median estimate represents a 31.89% increase from the last price of 86.50." from a pink newspaper.

For some, but could be weighed against todays record Gold prices in Dollar and Pound terms, and deeply unsettling Middle East, Ukraine and US election results worries. Some uplift re China actions to reflate.

Often wonder if share price graph analysis works for comparatively smaller companies.

Today's share price rise of 6.9% rise looks good to me.

If the SP didn't want to go up on some fairly good results then there's some concern amongst punters. Future progress is not well defined, spread makes the share somewhat illiquid; whereas there are many Gold miners out there with equally or better results, rising share prices, plenty of product and a clearer plan going forward.

From Bloomber...“ETFs had been steady sellers for 18 months, and have now been steadily adding for the last three months,”

"The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America"

From Bloomber... "Deeper structural concerns about the US deficit ahead of the November election and simmering geopolitical conflicts in Ukraine and Middle East will continue to drive investors to buy more bullion"

“ETFs had been steady sellers for 18 months, and have now been steadily adding for the last three months,”

From a pink newspaper "A surge in demand among Indian consumers for gold jewellery and bars after a recent cut to tariffs is helping to drive global bullion prices to a series of fresh highs.

India’s gold imports hit their highest level on record by dollar value in August at $10.06bn, according to government data released Tuesday. That implies roughly 131 tonnes of bullion imports, the sixth-highest total on record."

Hi Pedro, you'll be 100% correct re SP of SRB one day, though which day that will be may be a way's off. There's enough drivers re central bank buying, Ukraine, and the Middle East uncertainties to keep the Gold price up for a while.

Appears to be flying under the radar

Comparing some of the mining holdings that I have using Stockpedi... SRB, RSG, PAF, EDV, FRES, HOC, & WPM.

SRB still remains ahead on P/E (fwd), momentum, quality, stock rank, PEG, EV/EBITDA, Yield(TTM) and other metrics, though they are all doing well with more to come since the Fed rate cut.

Like a motor car with no reverse gear or brakes, just keeps going forward.

Update re rates will be 1400 hours Eastern time in US, 1900 HOURS UK.

"(Bloomberg) -- Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc."

"(Bloomberg) -- Gold may face a minor, near-term setback if the Federal Reserve opts for just a 25-basis-point cut this week, but the metal will subsequently rally to a record aided by rising flows into bullion-backed exchange-traded funds, according to Goldman Sachs Group Inc."

Passes the following long term screens: - SRB Josef Lakonishok Momentum Screen(Momentum Investing), Piotroski High F-Score Screen(Quality Investing), Piotroski F-Score Price to Earnings Value Screen (Value Investing), Neglected Firms Screen (Value Investing), and the The Screen of Screens(Quality Investing). Lots more to come with this share.

All the Gold miners have been pure Gold this last few weeks