Gold fundamentals19 Mar 2020 09:21
Gold price is holding pretty well considering one hell of a lot of it is being sold as distressed sellers liquidate to cover losses elsewhere. Expect a steady rise once panic is over (3 weeks), hopefully should coincide with drilling results or some other news. At these prices there must be a lot of slide rules being played with. Facts are we are in with a world class company in ,Newcrest, and we're mining what everyone will want in a bear market, gold. Painful to check portfolio value each morning particularly speculative miners, but don't consider Greatland one of these, as they actually have world class proven gold in the ground. It appears the only game in town at the moment is hold for GOLD. Time is on our side, every time Sterling drops against the Dollar, the value of gold in £'s rises. Suggest putting GGP on back burner and checking out divi paying bargains ready to snap up when all this nonsense subsides as it surely will. My tips are LLOY and MNG. Good luck long term holders.