Shanta Gold Share Discussion Threads

[jc2706] 11/6/2019 10:16

That may well be a scenario but it is not what they are saying in that article. To quote:

"A “full scale bear market” in the S&P 500 Index, sending it 20% down from its April peak, to 2,350....."

"The good news is that the landscape “may be transitioning” to a different scenario, with no trade deal forthcoming with China, but the Fed providing 75 basis points worth of rate cuts. That would see new highs on the S&P 500..."

"A third scenario has a trade deal at the Group of 20 summit at the end of this month in Japan, where Trump may meet with Chinese President Xi Jinping. Equities would surge...."

So they have just painted three different scenarios providing different outcomes. Investing is about being ahead of the game rather than explaining what happened.

[338] 11/6/2019 09:40

S&P 500 could hit 3200 before the start of bear markets... citigroup's comments implying a bear trap scenario can happen

[jc2706] 11/6/2019 08:46

I love that Citigroup report where they say that shares could crash or go to record highs. Well, duh!

[338] 10/6/2019 20:38

More countries cut their base rate

[338] 10/6/2019 16:21

hxxps://www.investopedia.com/gold-completes-6-year-basing-pattern-4690061?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral&yptr=yahoo

[338] 10/6/2019 15:53

I agree JC.

Here is what citigroup say about the s&p and PoG

[jc2706] 10/6/2019 15:49

I think that those days have passed. It would be a quite astonishing political turnaround for that to happen. You could always go the Tally money route of course!

[338] 10/6/2019 14:19

What about GOLD as currency?

[jc2706] 10/6/2019 14:12

The risks of the US Dollar losing its primary reserve currency status are very real and the US should fight tooth and nail to keep it as it is a significant reason for their relative wealth. It will, however, inevitably lose this status and US policy will shift closer to the 'managed decline' policy of the UK that was prevalent for much of the 20th century. The more interesting thing will be what comes after. A three way hegemony of the Yuan, Euro and USD? Or some more stable combination of commodities? Or (if we all want a laugh) Bitcoin?

[338] 10/6/2019 13:37

good luck.. should see PoG $2000 or more

hxxp://wallstreetwindow.com/2019/06/here-is-how-yield-curve-inversions-boost-the-gold-price-mike-swanson-06-10-2019/

[redhill] 09/6/2019 21:54

Let's see how accurate it is next weekend.
It needs to break through $1350 firstly then we should see at least $1375-1400

[338] 09/6/2019 17:48

Table. Gold Price Forecast By Day in June 2019

DYOR

Date Week Day Price Max Min
10 Monday 1347 1374 1320
11 Tuesday 1348 1375 1321
12 Wednesday 1357 1384 1330
13 Thursday 1355 1382 1328
14 Friday 1375 1403 1348

[338] 09/6/2019 17:31

Tanzania: Magufuli Demotes the Tanzania Revenue Authority (TRA) Commissioner General Kichere Amid Apparent Gloom in Business Community.

[338] 07/6/2019 17:30

The next target for PoG is $1400

hxxp://news.goldseek.com/CliveMaund/1559668331.php

[redhill] 07/6/2019 14:37

What over $1800 an oz.? That would be nice for all of us !

Share price would then be about £1 a share.

[338] 07/6/2019 13:59

job figure disappointing... I think PoG will hit a new all time high this year :)

[338] 07/6/2019 11:59

US yields will also get lower

[338] 07/6/2019 11:55

good for gold price...

[jc2706] 07/6/2019 09:05

It is a worrying trend for Africa as the ultimate losers are the local populace as international investment is discouraged. There really does need to be a new paradigm for these projects that benefits all parties fairly. Otherwise we seem to be trapped in this endless distructive cycle.

[jasper2712] 07/6/2019 08:44

Zambia were doing it before TZ.

[goodgrief] 07/6/2019 07:11

Zambia now getting in the game of withholding VAT repayments...https://www.ft.com/content/7afe468c-878c-11e9-a028-86cea8523dc2

[338] 07/6/2019 05:55

hxxps://www.thecitizen.co.tz/News/Tanzania-s-gold-export-earnings-up-by---100m/1840340-5112412-4ge23ez/index.html