Member Info for RichTheNewbie

There is a trade-off though....the longer they leave it the more upset people if/when it gets crushed. I think they've gambled it wouldn't get big (and got it wrong). Or they've simply just not taken it seriously enough, at a high enough level, to care (yet).
Anyway, good to see gold hold its own, despite a fairly sharp climb in the dollar in the past couple of hours :)

adamsmithfreethi - I had been having the exact same thoughts lately. Not only would they lose control of financial levers if bitcoin succeeded (and no government in history has ever wanted less power) why would they want to destroy the value of their own reserves!
Not only is bitcoin heavily utilised by criminals and organised crime (its rises making them richer and more powerful) it's incredibly bad for the environment with more and more power being used to "mine" it and sustain the network. It's incredibly un-eco friendly. Should get the climate lobby onto governments asking them to ban it on those grounds alone.

Juxta - that would make sense (and agreed on the latter part too - have said before myself that governments have been very sloppy in not getting a grip on cryptocurrencies).

“Would t” = wouldn’t

Sands - and the year before the Q4 update was 30th Jan ;) Could easily be this week but would t be surprising if it was the start of next either.

Gold is thoroughly bi-polar at the moment.
Goes inversely with the dollar almost in step, then completely ignores it, then goes with the stock market, then ignores it, and so on!

Nuffspuds: Sorry for the slow reply (was trying to make sense of the bi-polar gold market today which has been even more erratic than usual) but good luck!
I'm interested to see if it plays out well here (obviously having been burnt before here I'm sticking to being a curious observer rather than getting involved).

That's optimistic Nuffspuds! Only need about a 15000% rise to get back to 2011 prices ;)
I thought it was a lot needing a 500% rise from here to get back to the prices I sold at.
A mate of mine still holds these (because he listened to me stupidly and bought these :p but didn't sell out) so needs about a 600% rise here to get his money back now!

All good, relatively speaking, so far.
Minor cough for the little one but not continuous (yet anyway). Odd feeling in the chest myself but nothing bad enough that I would have avoided work for normally.
It's a bit pot luck with this virus! Have to just hope it stays this way and we're in the category of lucky people who don't get it so bad.

Gold price above 1870 now and still steadily trending upwards which is good to see :)

I should have some time....as the daughter has just tested positive for COVID.

OK - will take a proper look when I find some time (been saying that about a lot of things lately!).

TBT: Interesting. I can only wonder if the political risk is the reason for the muted response. After all, HUM has been operating with zero interruptions for years and years, and we still talk about a discount for risk here. The risk there would have to be judged as many times higher.

Gold Price - ^^^

Here's the Guinea mining contract database: https://www.contratsminiersguinee.org/contracts?all=1
You'll note there aren't any for 2019 or 2020 :p
I don't think they can RNS that it takes ages to get a mining contract (and wouldn't be very polite or favourable to their chances of getting it). Just be patient ;)

Why would I look at a short term graph, purely covering a period where the gold price has had a correction in its uptrend!?
You look at virtually any gold miner and they'll have pulled back over recent months because of that. I don't imagine the investors in multi-national giants like Barrick are thinking the world's against them and there's no hope.
Imo, it all comes back to you clearly not really being very confident in investing (in general it would seem), and nothing to do with HUM. Hence you, probably sensibly, resorting to funds. Fair enough, but just understand if you keep saying this will only ever make 40p tops, with no good rationale, others won't appreciate it. Especially when they can spell out in detail (and have previously) why they think much higher prices are possible/likely and your argument is essentially just because it's not yet risen.

anon3 - You say it's a "fact" it's on a downtrend "even with the recent rise accounted for".....

Long may "downtrends" like this continue : https://www.tradingview.com/x/9vHSeZR3/

I would say this is conclusive proof, that it is not a fact that this is in a downtrend, with the recent rise accounted for. You could certainly try to draw lines showing shorter term downtrends but not if you're talking on a scale which accounts for the recent rise as you did.

I often find this on shares before a rise "this hasn't risen therefore the market must know something I don't". I tend to find it's symptomatic of people who haven't been investing very long and essentially feel the world is against them because the market hasn't yet gone in the direction they want.

M20ASH - one thing I've learnt is you could read 10,000 articles on gold, still be none the wiser, and still have 100,000,000 left to read. I think it's probably the only topic more written about than religion!

anon3 - yeah, we've gathered you only have a 40p target and think there's no hope, you've said that in virtually every recent post. We've got the idea already. Can you take borderterrier with you to the funds please :)

Chuck a couple of sells in at the end in a futile attempt to pretend like there was no load of buying just before news ;)

Looks like it's the dollar that's folded first and gold is back on the up again.

sands1971 - Probably, although in the current climate I think they'd be better off with individual RNS's, say production figures, then drilling success, then Kouroussa licence, etc. If they did that, on top of a gold price turning around and starting to rise, they could keep a nice wave upwards going with regular good news. I think that would be a better way forward.