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As I said Seingred always puts a spin on things. Rates will come down fancy a bet Seingred!!!!!
Gold will rise as its been in doldrums long enough. The ebt mountain grows by the year. Once gold gets to 2350 people will wake upto this atm they all talking crypto this that and other.
Time will tell we counting months down now to gold to 2350 and 2535 maybe this year or next. Times ticking. its easy to call down on board but the JV partners must have someting after four years of doing something. Time will tell.
Dr you re miles out with gold forecast. some are forecasting 3,000 this year others saying over next 5 to 10 years 10,000 and a few 25,000 and 50,000 but 5,000 to 7,000 could be a bit closer to the mark. Think about it when QE 3 or 4 or 5 starts each one bigger than last. The debt in America has grown from 10trillion to 32 trillion in a mater of 14 years and deficits of 1 to 3 a year is more likely. The income is less so debt is constantly growing each year. Thats for sure.
Gold in 1920s was 20 dollars then went to 35 dollars.
This is 3rd great bull run and last one ran from 2001 to 2011 gold went up 6 times. in 1970s gold went up on 22 times in 1970s. So at the end of the debt govt printing money into infinity whereas gold is gold.
I herd someone say crypto will be over 1million good luck to those that bought. been out for a meal tonight it was 50% of the price of my first house. Thats inflation. Our problem is how many times the company dilutes and at what price. We have mega expenses in this year and future years. traders will come buy in sell out. Ask Seingred.
If we get a partner they will want a big piece of the pie if not most of it. iys not as though we are awash with cash.
The mining sector as a hole is only 1 or 2% of all the market. it wont take much inflow to move this market. The banks are buying gold why.
I herd that in America they have to refinance 17 Trillion of debt in next 18 months do you think they will want to pay 5% interest or would 2.5% be better.
As soon as interest rates start to fall gold silver will start moving.
Chicken usually the explorers are last to move. just wondered if Seingred had a view about sol gold in last bull run went from 1p to 43p to over 700mc or how GGP went from 0.4 to 4-p or 1.5billion mc yes we know it was over valued in comparison to other producers told my mate that it had gone up 100 times but still he thought it would do 250 times. i did beg him to self halve.
Or why baltimore technologies went from £2.00 a share to £144.00 each in 18months with a market cap of over 6 billion or some of the dot com companies that were worthless went from nothing to 100s of millions with no assets cash flow turnover or anything but momentum. or how ITM power hydrogne went from a few pence to 700p valuing it at 3.6billion on no turnover or much else. its now around 50p with last quarters losses of 20m and about 14m turnover.
At least the all goldies are doing rubbish and a massive disparity between what gold and miners prices. At some point this sector will turn and be a hugh I say a hugh uplift in all goldies usually its the larger producers the mid cap then small cap then exploeres but smaller the company the more it could blow.
At least we have an asset with great potential its just a pity the directors cant put their hands in their pocket and buy like the rest of us at this pityful price it could be a golden opportunity.
Maybe all the investors are like Seingred and buying bitcoins and dodge coins and all that hype. Im sticking with gold and silver it might be boring a bit like houses and property but its an asset worth its weight in GOLD!!!!!!
What Seingred never says directly is that the mining stocks are massively undervalued and thats why hes here and Bhargav and rest of us. Lots are traders want to buy cheap then sell some if not all the buy back at a cheap level. others are investors will hold for 5 or 20 years. but as we have seen aim is like a casino and mining stocks aint for widows or orphans. You pays your money and takes your chances but everyone wants a winner and multi baggers but people dont like to lose cash as we have herd many times on this board.
Break you will always get a different answer from my friend Seingred. its all guess work and what is worth to one person is different to another. Also the country makes a big difference. Newmont and Agnico will have a different view if they could buy something for 10 or less dollars an ounce they would definitely do it. The board may say its worth 50 to 80 dollars an ounce but in reality it might only be worth 20dollars or less. Again it depends on value of gold too. if gold is only 1200 dollars its worth less. ATM gold is 2160ish but in my view gold will be around 2250 to 2535 within next 18months or less. Other people think gold over next five to 10 years it will be 3500 to 6000 or 8000 who knows. So it all depends on gold price at the time how many ounces the think they have and what someone is prepared to pay. Same with a house a car anything. We all have our views.
My view is gold going much higher so resource will be worth more. 2250 to 2535 is my target in next 18 months to 24 months.
Have seen interviews with Rick Rule former CEO of Sprott he said they want to buy as cheap as they can and sell for the highest price. Simple as.