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19-05-2020, 05:50 PM
#8091
Originally Posted by airedale
After four up days which took the SP from 1702 to 1762 it looked ripe for profit taking.
Yes having a breather before its next run to break 1800oz USD
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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23-05-2020, 07:51 AM
#8092
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."
“Instead of thinking “I’m right”, ask yourself “How do I know I am right?” Find the smartest people to disagree with you so you can stress test your ideas.” Ray Dalio
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23-05-2020, 09:02 AM
#8093
Originally Posted by Drew95
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 $3,000oz
Gold Shares are the place to be currently and for the rest of the year IMHO .... my biggest Holding OBM which I paid 10.2c average during March20 touched 24.5c yesterday .. has a BIG next 6months coming up before heading into Gold Production 1Q21 .... going off peers and AUD Gold outlook one would think a conservative SP would see 40-50c
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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26-05-2020, 05:55 AM
#8094
Is this a first ? Craig's promoting gold investment.
https://www.nzherald.co.nz/business/...ectid=12334526
"We like gold, it's a good, sensible choice to have in a portfolio," said Mark Lister, head of private wealth at Craigs Investment Partners.
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26-05-2020, 09:25 AM
#8095
Cautious Craigs might be a bit late to the party. If you draw a monthly chart it shows the POG in US$ 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.
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26-05-2020, 09:45 AM
#8096
Yeah well better late than never ...I guess
I see 90 countries are requesting bailouts from the IMF>>>
Silver a better Bullion play
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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26-05-2020, 09:47 AM
#8097
Originally Posted by ynot
Point them towards NTL!
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26-05-2020, 11:27 AM
#8098
Originally Posted by jonu
Point them towards NTL!
I prefer EVN. :-)
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26-05-2020, 11:33 AM
#8099
Originally Posted by ynot
I prefer EVN. :-)
But if you want exposure on the NZX and a dual listing it's NTL all the way!
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26-05-2020, 02:39 PM
#8100
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....
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