Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I don't know what you guys are going to do but I am looking for an 80-90p exit for profit but i'm also going to leave my original stake in SOLG with a hope that NM takes one mine or another to production ? I feel the only way the SP will move significantly is when SOLG pull some easy to reach gold out of the ground to help with funding, then they will look like a serious miner with infinite time/income to prospect other places .
Copper use is looking like it will be increased with the invention of new batteries aimed at electric vehicles, thats a Billy bonus
https://phys.org/news/2015-03-copper-atoms-potential-battery-material.html
Goldman Sachs has a bullish outlook on gold. Analysts at the investment bank see prices pushing to $1,600 an ounce next year. The price of gold currently sits at $1459.62. That is a nearly 10% gain from present day prices. December gold futures are trading at about $1,456.70 an ounce.
On Sunday, the investment bank stated in a report that it likes the precious metal for 2020, because investors are looking for alternative investment assets.
“Investment deficit creates excess savings, supporting gold. In theory, savings should equal investment, but due to this decline in capex and a rise in precautionary cash balances, a savings surplus is beginning to develop that is supporting gold prices,” the analysts wrote. “When combined with 750 tonnes of central bank gold purchases related to de-dollarization and defensive portfolio rotations, the savings glut means we maintain our bullish gold stance in 2020 with a target of $1600/toz..”
The investment bank’s analysts believe that heightened global uncertainty, along with slowing economic growth, could support gold prices. Recession concerns remain, moreover, according to the analysts. Increasing inflation, as the Federal Reserve keeps interest rates low, could buoy gold prices. A potential flight from the dollar could also help support the gold price.
Goldman Sachs is less bullish on silver for 2020. The investment bank does see prices increasing to $18 an ounce, a gain of 6.5% over current prices.
“Outside of investment demand, silver fundamentals remain challenged as industrial demand contracted and mine supply, while flat this year, is expected to grow strongly in 2020,” the analysts said. “While we expect investor interest in the precious space to be high in 2020 it will likely be less than during 2H19 when recession fears spiked. In such an environment while gold investment can continue to grow silver often gets overlooked being the marginal precious metal.”
source: https://goldsilverbitcoin.com/goldman-sachs-gold-prediction-2020/
https://www.ecuadortimes.net/ecuadors-largest-underground-gold-mine-is-in-operation/
poor old Trigger he tries to drive PI's out with doom and gloom and WhAm another good news day, hang on in there peeps its a long hold but should be well worth it.
Block that idiot Trigger he just wants to lower the share price for himself, most investors here don't fall for that obvious BS. When people like him turn up you know you are on to something good :-)
I hear what you are saying but when there is billions at stake I wouldn't doubt for one moment the big players would group together on the quiet to make it happen. if it was possible what would happen to the shareholders ? would we just be shut out with useless shares ?
many ideas floating about re the funding issue but nobody has mentioned another possibility. should NM fail to secure more funding why wouldn't the big miners just wait until Solg run out of money and go bankrupt ? is it a possibility ?
I've been in here for years, shares price goes up everyone gets all brave and full of brevado.. share price goes back down everyone gets all grumpy and start being negative. I don't see why this week should be any different. :-) quick proits would be better found elsewhere,, maybe the bookies ?