Great shame the Government tightened up on Bed & Breakfasting a few years ago, when you could sell to realise your loss and use it against your tax, then buy the same shares back again. Now you have to wait a few weeks before you can buy back so you might miss a rise and potential profit.
With Oil up to nearly $30 a barrel , Shell shares up 10% it suggests that US , Russia and KSA are looking like being closer doing a deal on production levels. Dow is up despite Jobless figures , ftse now positive. Green shoots in the fight against Coronavirus, hopefully will be reflected in BLOE SP
Goldman Sachs have forecast it could go to $20,000 oz within 5 years reaching $30,000 oz in 10 years, which is pure speculation of course . One thing is certain with figures like this being banded around then it won’t be going down in the medium to long term, or the short term for that matter.
Trying to buy at the bottom is like trying to catch a falling knife at the moment, not that I am wanting an RNS in these markets but results and gas sales should be in this quarter , I am taking a longer term view on this now until general market sentiment improves which might be sometime, however I am sure we are near the bottom as far as the SP is concerned. It s hard to predict any share price at the moment never mind the market . Good Luck all and above all stay safe.
Newcrest Mining Limited has today released to the market that it has now reached its Stage 2 farm-in milestone at the Havieron Project. In accordance with the terms of the farm-in agreement, Newcrest has earned a 40% interest in the project and has provided notice to Greatland Gold Plc that Newcrest is proceeding to Stage 3.
Please download the attachment or click here if you wish to view a copy of the full release.
Head of Investor Relations & Media Newcrest Mining Limited Level 8 600 St Kilda Road Melbourne 3004 Australia T: + 61 3 9522 5717 M: + 61 0439 525 135 E: firstname.lastname@example.org www.newcrest.com.au
With further bad economic news to follow and investors looking for safe havens, the wider market is unlikely to recover for another 18 months . I predict Gold prices to hit between $3,000 and $4,000 dollars an ounce by the year end.