Ariana Resources Share Discussion Threads

[2tyke] 24/8/2019 21:23

Brasso

There is nothing insane in taking the contrarian view. This is usually the correct view.

Central bank, large speculator and hedge fund buying of gold is massive. This is the mug money which is always caught out at turning points. For example, the UK selling gold at $450 ( just prior to the start of the bull market), and switzerland almost bankrupting the country buying gold around $1900 ( just prior to the start of golds crash).
The smart money in gold is a group of insiders or commercials. They are currently accumulating short positions.

The thing you need to consider about mass buying is that they have already acted and taken a position.
When everyone who wants to has bought.....who's left to buy ?

[brasso3] 24/8/2019 21:03

2tyke

Your comments are border line insane but I will give the respect of a response.

- All national banks are buyers of gold at present.
- China is accumulating gold on an incredible scale.
- Do not rule out Trump trying to re-create a gold standard in his next term.
- There is no yield in bonds/ savings/ gilts etc.
- The cash to gold ratio has never been higher.
- Asia and europe is going into the next round of QE.

[2tyke] 24/8/2019 18:40

Charles

By protection I assume you mean less risk to capital ?
It would be counter-productive to therefore invest in an asset like gold that is only part-way through a bear market.

In a deflationary environment like we have, most assets will be falling in price longer-term, oil, stocks, gold etc.

Many large investors have taken a huge gamble trying to protect capital by pumping billions into zero or negative yielding bonds. They are taking a huge gamble and have no margin of safety whatsoever.....particularly as interest rates look set to rise and the bonds may collapse.

The best mantra at times like this is.....return 'of' my money is more important than return 'on' my money.

Cash may therefore be the best bet, although even in this case the particular bank and currency held is important.

[charles clore] 24/8/2019 17:38

2tyke - so, if not PMs, what is the best protection?

[2tyke] 24/8/2019 15:44

Alwaysevolving

The state of fiat currency and global politics has never had any consistent effect on the gold price.
You may remember QE to infinity etc.....gold fell through each stage of it.

Brasso

Gold shouldn't get anywhere near $1900. The top of this bounce higher should be below $1600.
Even if you were to be right, all gold stocks certainly wouldn't move higher in tandem.

Gold is no place to protect wealth when it's in a bear market.

[soulsauce] 24/8/2019 15:16

I believe the same could have been said when gold reached $1500 Brasso. At this price we are turning nearly $1000 per oz in to profit. Go figure.

[charles clore] 24/8/2019 15:05

I am already kicking myself for only making 13% so just 37% to go then!

[brasso3] 24/8/2019 14:46

If gold continues this march to $1900 (which I believe is very likely) it will not matter which AIM gold miners (producers/ explorers) you are invested in. They will all go up. We will be kicking ourselves for only making 50% when we could have made 100% elsewhere. Thats the kind of disappointment I like.

[alwaysevolving] 24/8/2019 12:10

With what appears to be a race to the bottom for fiat currency and the state of global politics currently, I’m not convinced that Gold will continue in its bear market!

Where else is there to protect your wealth but Gold (and possibly Bitcoin for the very brave!)

[2tyke] 24/8/2019 10:38

Loafofbread

$1700 is actually very unlikely. Even if it were to happen, gold would still be in a bear market.
The top in gold is very near now. We can tell that because we currently have a record number of bulls.

JC

No not a member of flat earth.
As you can probably infer from my response to 'loaf' above, it is the people who think differently or contrarian that tend to be correct.

AAZ also close to a major top.

[soulsauce] 24/8/2019 10:27

Brasso and so is always the case. But a lot of people have been patient here for many many years and are still hoping to be rewarded.

There is a lot more at play here than just the gold price and has been discussed at length over the last month while the share price has been going down against an increasing gold and silver price.

[brasso3] 24/8/2019 10:01

JC

I was referring to the months at the start of 2019 when it dropped from 90p to the 65p region despite lots of positive news flow.

AAU is one that requires some patience I feel.

[jc2706] 24/8/2019 09:58

The AAZ board was down about being at 60p? It had already risen 1000% by then! That would be like the people on here being down about the price being 10p.

[sleveen] 24/8/2019 09:45

"The Project is reaching a decision point concerning a major new work programme involving further drilling and technical studies, including the preparation of a full statutory Environmental Impact Assessment. These studies will be undertaken in parallel with the commencement of a Pre-Feasibility Study in due course."

The above may be weighing on investors minds.

How much and and for how many years?

[brasso3] 24/8/2019 09:37

Bought some share late on Friday.

The chart here looks good and the high gold price will filter through soon. Q3 should be spectacular.

I think sentiment on here seems low but do not forget that the share price has nearly doubled in 12 months. I recall recently on the AAZ thread everyone was down about the share price being in the 60p region but eventually the story came through.

[jc2706] 24/8/2019 09:35

2tyke,

Are you a member of the flat earth society?

[jc2706] 24/8/2019 09:34

"The gold price ( or silver price), is not that important to the price of a pm stock".

Hmmmmmm.

I can only recall one company that advanced during the gold price falling from 2011. Conversely, during the run up to 2011 I can't recall one falling.

[jaynesdad] 23/8/2019 23:20

Perhaps we are all thinking, and watching, too much. We need to put our shares in our bottom drawers and look at their progress maybe once a month. Spend more time drinking and playing draughts/ darts/ golf/ whatever. We'd probably be far more relaxed.

[loafofbread] 23/8/2019 21:41

I bet we see gold at $1700 before we see $1300.

Long on AAU and reaping the rewards at AAZ.

[2tyke] 23/8/2019 20:55

There are several issues that most posters on this bb and other gold stock bb's for that matter are missing.

Firstly, there is nothing wrong or unusual in a gold stock not moving in correlation with the underlying metal price. The gold price ( or silver price), is not that important to the price of a pm stock. That's because the price is not determined by company economics ( although most investors believe that it is).

Secondly, and more importantly, gold (and the gold stock indices) are still within bear markets. All you've been seeing for the last few years is a bear-market bounce.
This isn't going to last.

[ironstorm] 23/8/2019 20:08

You could jump on some of the more lively stocks. You may simply have their book and trading our stability for their volatility. Take care.

Fortunes to be won and lost in periods like this.

[ironstorm] 23/8/2019 20:05

I have 5.8 million of these. I also hold AAz from 5p and Serabi.

It’s definitely lagging. But as my average is 1.4 am sitting pretty.

I have accepted that this co. Is never going to shout from the rooftops. Ultimately the weight of financial performance will see this levered higher. The longer it waits I believe the higher it will go. Of course I am talking my own book.

Tavsan, loan repayment then Salinbas. All could go quicker but I can wait.

Don’t let this period of ennui bore you out of the shares. Financials will show us the way sooner or later. Keep the faith.

[dixi] 23/8/2019 17:24

Kerim, can't even get the name right today!!