China Nonferrous Gold Share Discussion Threads

[mattjos] 03/4/2022 10:41

There is precious little commentary/analysis in the mainstream media about the Russian Central Bank decision to buy gold at RUB5000 / Gram thru 30th June this year, coupled with requirement for Oil & Gas to be paid for in RUB by 'unfriendly' nations.The collapse in the Ruble early March, versus the USD, has all now reversed & the initial RUB5000/gm offer has reversed from a discount to spot price & is now a premium to spot price.This looks likely to have put a floor in the price of gold at circa $1,935 but, if the RUB continues to appreciate so, that 'floor' will rise.Irrespective of the shocking events in the Ukraine, I believe we are witnessing a very real effort by Russia (& likely some others) to de-throne the US$ & I also believe this has been well considered and planned by Russia for many years.There is no denying that Russia has plenty of what other countries need & if it continues to insist on payment in Rubles, buyers will have to do just this or, suffer the resulting economic collapse by not being able to secure the commodities required to sustain their economies (as they exist today).This seems to be a classic Judo move by Putin - using the momentum/force of his opponent and turning it to his own advantage.https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/

[ironstorm] 30/3/2022 18:04

Wonder when the next update is likely to be. Could be months before a positive update and uplift.

Looks like all goldies are waiting for confirmation of financial results.

[mattjos] 30/3/2022 17:35

We now seem to be building up some good underlying support at $1,900 for Gold.

With few updates from the company with regards production, it's easy to overlook how this will positively impact the P&L & Cashflow this year.

Inflation continues to power higher across the globe. Probably only Russia that has actually has it's interest rates high enough to press down on inflation.
USA, EU, UK & other regions have rates below even 25% of the level of inflation & little chance of getting them anywhere near high enough to effectively combat it .. not unless they deliberately intend a huge recession.

Tajikistan imports the vast majority of it's petrol & diesel from Kazakhstan.
Kazakhstan is circa 13th cheapest price for Diesel of all countries in the world so, no doubt fuel will have increased but, should still be very low as compared to most other gold miners.

[beeks of arabia] 29/3/2022 12:14

Took another 2k.

[mattjos] 25/3/2022 23:04

This gap from 2019 looks like it has now finally been filled:

[mattjos] 25/3/2022 16:40

cracking day. Buying volume easily outpaced all the Sells since start of the week & well bid at 6p for 75k in the closing auction but, no seller to oblige.

[wanobi] 25/3/2022 16:32

nice one :-) Cheers Wan :-)

[jailbird] 25/3/2022 16:18

Been buying over last few days as well .
Hari finally joined you here

Risk reward is too good an opportunity at these low prices

[jailbird] 25/3/2022 16:16

Added today too That's my lot for now Average under 6p so a happy bunny

[mattjos] 25/3/2022 16:00

much better day

[wanobi] 25/3/2022 15:54

someones busy :-) Cheers Wan :-)

[bazboa] 25/3/2022 08:07

Few more for me this morning. With POG only likely to go up these have to be bargain prices

[fozzie] 24/3/2022 22:02

I bought a few more today to add to the pot, average now down to just above 8p. Will keep adding if share price stays down here. GLA.

[hari] 24/3/2022 21:43

Will look to add few more tomorrow if my some funds clear in time , otherwise next week

[eke] 24/3/2022 18:27

Funny ol game,funny ol world!This share price has been butchered by a nervous market.Its now at a "fire sale" price and can't see it going any lower unless, Putin uses gas or a Nuc or China backs the Russians with financial support and arms.However, If the opposite was to happen....Putin backs down or is "removed",and China sides with Nato (as the best option for them) this share price will double within hours.Im praying for the latter for the sake of humanity and the world.

[mattjos] 24/3/2022 17:33

Thnx for saying, wanobi

[wanobi] 24/3/2022 16:01

not sold any of these since my last confirmation of my buys, GLA Cheers Wan :-)

[mattjos] 24/3/2022 15:03

Funny old game .. the higher the price of Gold rises (people think due to Ukraine situation) so the price here drops.
Yes, the Ukraine situation part of it all but, it's inflation that is the real driver for the Gold price

[mattjos] 23/3/2022 20:19

cracking day for gold. Re-tested $1,900 on the 16th March and has been consolidating at $1,920 since. Having another go at $1,950 this eve.
I think we'll see nearer $2,000 by this time next month

[mattjos] 21/3/2022 17:45

Thanks Hari, Yes, I read them from time to time.

One of the, many, key points in that report:

"With consumer goods price inflation skyrocketing – in February, the US CPI was up close to 8 per cent against last year – the Fed must send a 'signal of confidence' to the general public if it does not want to lose its credibility altogether.
At the same time, however, it would take a fairly strong increase in the Federal
Funds Rate to bring real interest rates back into positive territory: Currently, the short-term US interest rate is hovering around an estimated minus 7.7 per cent – a record low.

While the Fed and other major central banks may well raise their short-term interest rates somewhat further going forward, they are unlikely to push elevated
inflation down to around 2 per cent anytime soon. Expect central banks to do their very best to convince investors that the fight against inflation is on, hoping
that mostly words will suffice to keep people’s confidence in the currency and
that real policy tightening can be kept at a minimum.

If the conclusion of this article is correct – namely that there is no return to
normality as far as monetary policy is concerned – there is indeed a strong case
to be made for holding physical gold and silver."

[hari] 21/3/2022 16:21

Agree with that , Fed has a cap to what it can rates too . It knows that .Mattjos , do you ever read the Degussa reports on Gold ?This explains latest view on Fed rates and Gold forecast https://news.degussa-goldhandel.de/marketreport/newsletter/15JC27ZM23.pdf

[mattjos] 21/3/2022 14:46

Bostic's comments today show just how deep a hole the Fed is in.

Six more rate hikes this year and two next year shows how serious they believe inflation to be but, that would only get rates up to 2% while inflation will remain at more like 8%.

They'd need to get rates more like 10% to have any meaningful impact on inflation but, economy will crash into recession if rates were even 2%.

Gold price reaction shows the concerns, up $16