George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Having reread Sherlocks line could also be interpreted as a statement of a disconnect between the spot price and the price of physical coins. Apparently gold and coins are currently very difficult to get hold of and command quite a premium over the spot price.
Facto,
In the uk British gold and silver coins (sovereigns, Britannias, etc) have a Pound face value and are capital gains exempt. I understand that other forms of bullion such as gold bars attract capital gains.
Gold coins are also VAT exempt whereas silver are not.
Regards,
Q
Interest rates getting slashed.
https://www.bbc.co.uk/news/business-51901998
When does the carnage end? Gold and silver prices seem to be holding up OK relative against the markets generally but is that irrelevant in the current circumstances? I'm guessing FRES is just caught up in the wider sell off - does this mean any upturn will be exaggerated or are we going to see suppressed prices for some time?
So if winning positions are being sold off to protect monthly performance presumably they will be looking to pile back in at the start of the next month? Could we see the same dramatics of today but in reverse next week?
"Gold
Why are we not at $1,700? Gold’s selloff during the worst trading week of stocks since the financial crisis is being attributed to hedge fund selling. Hedge funds do not want a disastrous February performance and need to sell winning gold positions to counter their losing stock holdings. Gold should start showing signs of life regardless of what stocks do over the next couple weeks. If panic selling with stocks continues next week, gold will likely reassert its safe-haven status or if markets show signs of stabilizing, we could see the broad based commodity plunge ease."
https://www.marketpulse.com/20200228/us-open-fears-holding-positions-weekend-gold-hedge-fund-selling-late-opec/
Breaking: Gold crashes below $1,600, margin calls cited
https://www.fxstreet.com/news/breaking-gold-crashes-below-1-600-margin-calls-cited-202002281535?utm_source=investing&utm_medium=rss&utm_campaign=8c1e386c-79b2-4637-9ad9-35ac8fbb363e