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Thread: Gold

  1. #8086
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Drew95 View Post
    I have just been reviewing an article by Colin Twiggs - he suggests that the "Australian Dollar will fall if China executes on its trade threats. And if the Aussie Dollar falls, the POG in AUD will therfore rise. If the AUD POG rises, Aussie gold miners would benefit as their revenues rise relative to their costs. He says "Gold (in AUD) is already in a strong up-trend, with narrow consolidation above $2600/ounce suggesting continuation." "The All Ordinaries Gold Index is headed for a test of resistance at 8650. Breakout above 8650 would offer a short-term target of 9500 but the long-term target is 11500."
    Yes I could see that happening .. IMHO AUD Gold will break $3,000oz

    Gold Shares are the place to be currently and for the rest of the year IMHO .... my biggest Holding OBM which I paid 10.2c average during March20 touched 24.5c yesterday .. has a BIG next 6months coming up before heading into Gold Production 1Q21 .... going off peers and AUD Gold outlook one would think a conservative SP would see 40-50c
    People don't have ideas, ideas have people

  2. #8087
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    Is this a first ? Craig's promoting gold investment.

    https://www.nzherald.co.nz/business/...ectid=12334526

    "We like gold, it's a good, sensible choice to have in a portfolio," said Mark Lister, head of private wealth at Craigs Investment Partners.

  3. #8088
    Senior Member airedale's Avatar
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    Cautious Craigs might be a bit late to the party. If you draw a monthly chart it shows the POG in US$ rising since early last year. The OZ$ gold price looks even better. Mind you the party could last for a long time given the amount of Quantative Easing taking place around the world.
    Last edited by airedale; 26-05-2020 at 09:27 AM.

  4. #8089
    FEAR n GREED JBmurc's Avatar
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    Yeah well better late than never ...I guess

    I see 90 countries are requesting bailouts from the IMF>>>

    Silver a better Bullion play
    People don't have ideas, ideas have people

  5. #8090
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    Quote Originally Posted by ynot View Post
    Is this a first ? Craig's promoting gold investment.

    https://www.nzherald.co.nz/business/...ectid=12334526

    "We like gold, it's a good, sensible choice to have in a portfolio," said Mark Lister, head of private wealth at Craigs Investment Partners.
    Point them towards NTL!

  6. #8091
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    Quote Originally Posted by jonu View Post
    Point them towards NTL!
    I prefer EVN. :-)

  7. #8092
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    Quote Originally Posted by ynot View Post
    I prefer EVN. :-)
    But if you want exposure on the NZX and a dual listing it's NTL all the way!

  8. #8093
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    I see very bearish patterns forming in gold and silver at present.
    bflybearre.jpg


    as I do with many share charts and indexes at the moment
    Last edited by peat; 26-05-2020 at 02:46 PM.
    For clarity, nothing I say is advice....

  9. #8094
    Senior Member airedale's Avatar
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    Hi Peat, that looks like one of those butterfly gartley patterns which were popular with the traders on the Forex page a few years ago. There will be ups and downs on the way but I think we could see $1800 at the end of the year. Your pattern is up against QE.

  10. #8095
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    Quote Originally Posted by jonu View Post
    But if you want exposure on the NZX and a dual listing it's NTL all the way!
    Traders stock only, sell a million for .001 c and make a quick thousand then buy back a point lower, rinse and repeat.Check the 1 year chart. So obvious and transparent, pity the poor sucked in mug investors.

  11. #8096
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    Can anyone comment on the NZ Tax implications of holding PMGOLD on the ASX? Would it be caught by the FIF regime?

  12. #8097
    Senior Member airedale's Avatar
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    Quote Originally Posted by airedale View Post
    Hi Peat, that looks like one of those butterfly gartley patterns which were popular with the traders on the Forex page a few years ago. There will be ups and downs on the way but I think we could see $1800 at the end of the year. Your pattern is up against QE.
    Hi Peat, a drop in POG to US$ 1711 overnight. What is the time scale for your butterfly pattern. I see the price testing support at $1700.

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