Highland Gold Mining Ld Share Discussion Threads

[edjge2] 29/8/2017 11:09

Possibly but dollar looks knackered and on support below which there is little.

[11_percent] 28/8/2017 21:11

I think gold will get take n down.

[11_percent] 28/8/2017 21:10

Indeed.

If the crimms go not smash gold, this £2 nailed.

[pitball] 28/8/2017 18:23

Gold shot through 1300

[loganair] 27/8/2017 12:59

Gold prices are set to jump to a four-year high of $1,400 an ounce by the end of the year over mounting tensions between North Korea and the US, and surging demand in the world’s biggest consumers, according to the head of precious metals at a Russian investment bank.

Bullion could rise to $1,360 within three months before climbing higher, fuelled by global political risks and buying from China and India, said Evgeny Ananiev at VTB Capital JSC, the investment-banking unit of Russia’s second-largest lender VTB Group. “We may see some correction, but I don’t think gold will drop below $1,200 as it’s well supported,” he said in a weekend interview in Goa. The metal traded at $1,285.73 on Monday.

The upbeat sentiment was shared by other participants at the conference. “Fundamentally, we have been very bullish on the market,” said Chirag Sheth, an analyst at Metals Focus Ltd., an independent precious-metals research firm based in London. “What North Korea has done is given gold the legs to go above the $1,300 level and sustain above that level,” he said in an interview.

Sheth expects prices to advance to $1,400 in six to nine months as the situation in North Korea sees investors coming back to the market in search of a haven. The US Federal Reserve, which was hawkish on interest rates, has now softened its stance, providing further support to bullion, he said.

Indian demand has also recovered after a poor performance in 2016 and jewellery consumption may climb by about 6 per cent this year, said Sheth, who provides supply and demand data to the World Gold Council. Imports may jump about 30 per cent to as high as 800 metric tons in 2017, he said.

Demand for gold bars in China, the world’s biggest bullion market, soared by more than half in the first six months of the year, while overall gold consumption climbed almost 10 per cent to 545.2 tons, according to the China Gold Association.

[pitball] 25/8/2017 17:17

Very nice finish to the week

[danboris2] 25/8/2017 12:59

Think this is heading back into the 50s, well undervalued and time for a re-rate.

[killary cunton] 25/8/2017 11:19

'Disagree, If the system goes so belly up that you can't trade gold mining shrs, we shall be growing turnips in our back gardens, not worried about shiny metal you can't eat'

And what about a half-way house where they introduce a bank holiday and then introduce bail ins ( confiscate ) for these banks.

[sirhedgealot] 25/8/2017 10:06

I reckon it's d-u-r

[fangorn2] 21/8/2017 20:22

People will always think ahead..so whilst they're growing turnips, they'll be thinking about a return to normality.So will be trading their excess turnips for gold!

[return_of_the_apeman] 21/8/2017 15:56

Disagree, If the system goes so belly up that you can't trade gold mining shrs, we shall be growing turnips in our back gardens, not worried about shiny metal you can't eat

[killary cunton] 21/8/2017 13:18

You missing the point.

You should have both. What's the point of having 7.5% if the system goes belly up and you cant get at it. Physical is insurance.

[montyhedge] 21/8/2017 12:22

I rather have gold shares than gold coins etc, no income from that. At least 7.5% income while we wait for the massive upturn in gold, that I think is coming.

[return_of_the_apeman] 21/8/2017 08:54

Should already be 160+ with current pog

Dyor

[montyhedge] 19/8/2017 17:36

Major correction coming in the markets, 10% - 15% fall Dow, FTSE, in Sept/Oct.Gold will fly, Highland 190p.That's the way I see it.

[celeritas] 18/8/2017 19:10

Gold price is averaging a good $90 more this year compared to last year's results. If it stays over 1250 that avg will increase. 255000 ozs x 90 will substantially uncrease revenue never mind what hgm are aiming for in the near future.

[return_of_the_apeman] 18/8/2017 18:54

Suspect the answer is simple, gold to move down or this to move up significantly.

[coxsmn] 18/8/2017 18:37

Good question.

[montyhedge] 18/8/2017 15:30

Gold 4 month high so why are we not at 193p.

[wilco1000] 18/8/2017 13:47

Great point Penfold, all adds to the coffers

[montyhedge] 18/8/2017 10:39

At least getting paid a 7.5% dividend, as a hedge with a gold rise.

[dt1010] 18/8/2017 10:21

I am just gonna hold until at least 200p and then review it.

[penfold6] 18/8/2017 10:04

but not flying as much as zinc and lead, which Novo produces about 3,900 tonnes and 13,000 tonnes of respectively of a year.

[return_of_the_apeman] 18/8/2017 08:20

Gold flying