POG holding steady although with how well sharemarkets around the globe are doing I would have thought we would see a drop in price.
Also has sharetrader gone into lock down over NTL as you now need to log in to see anything.
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Broken trough atpit. $1802.20 oz atm. re a 9 year high.
Plenty more to come $1900oz-$2000oz range the next step later this year....
Dimitri Zabelin at DailyFx.com recently published this ...
https://www.dailyfx.com/forex/fundam...-Pandemic.html
Colin Twiggs response was as follows:
Dimitri’s reasoning is:
- Gold may fall if a second wave of the virus dampens inflation prospects.
- Demand for safe haven assets could boost the Dollar relative to Gold.
- Instability in financial markets could see a sell-off in Gold as in early March 2020.
My comments are:
- Gold is driven by the strength of the Dollar, not inflation, and even does relatively well during deflationary periods.
- Demand for safe haven assets would boost both the Dollar and Gold. Gold is the #1 safe haven asset and massive QE by the Fed is likely to diminish the appeal of holding Dollars, boosting Gold.
- The March sell-off was a special case with risk parity funds forced to sell Gold as well as bonds and equities, and is unlikely to repeat, especially with the Fed now on the alert.
Finally, if we look at the long-term trend, Gold has outperformed the Dollar since mid-2019 and there is no sign of that changing.
From a diversified portfolio perspective I already have too much invested in what is a speculation for me due to my ignorance of gold and gold mining but sorely tempted to double up and become a momentum investor in Australian gold producers. My understanding is that EVN, NCM and NST are the larger companies so I invested in them initially. I also have RMS which has done well of late but was sitting in a bottom draw for a long time.
Any recommendations for a scattergun approach to investing in Aussie gold miners. More of the same is my current thoughts (EVN, NCM & NST) but there may be other well established aussie companies with large reserves in safe political geographies.
Take a look at Gold Road - Mine in Aus, producing 300 ozs, split 50/50 with Goldfields- huge amount of ground and strong potential for more significant deposits. Seems the explorers are doing better than the producers - more risk though- with Gor you get both- disc been holding since 0.15 cents.
Gold just gone under $1800 atm.
We didn,t panic when it dipped below 1700 a couple of weeks ago. Expect resistance, also the US dollar index was up today. Monthly chart still strong. Traders cautious going in to the weekend.
No confidence in currencies.
https://www.kitco.com/news/2020-07-1...urrencies.html
$1840 oz and rising.My goldies really starting to hit their straps.:)
Yes many of my Gold holdings look primed to breakout to much higher levels ..my highest value holding OBM is moving towards Gold production at a perfect time 1Q21
great to take up some Entitlement shares 23c with the SP closing 30.5c looking to make new highs mid 30's on the next decent ann..
Does anyone have an interest in CNB? As far as I can tell its extremely undervalued at 12c / $12m MC.
Less than 100,000,000 shares on offer, great tenants, production beginning in 4Q2020 and ~$25m imminent cashflow from tailings being processed. Cash backing alone this little gem is sitting at a substantial discount. Happy to keep acquiring at these prices but just can't figure out what I might be missing.