Ishr Gold Prod Discussion Threads

[patientcapital] 09/5/2024 18:42

Holding physical and IGLN as well as this and NYSE:GOLD.

[action] 08/5/2024 10:37

According to report biggest mining co gold ie rangold struggling to keep cost of production down. Sometimes better to buy gold ie RAMP for example. DYOR.

[action] 12/4/2024 13:43

Sold out in morning rally. Still worth keeping though.

[patientcapital] 12/4/2024 12:57

Just me then!!

[patientcapital] 09/10/2023 08:10

Still invested.

[action] 08/10/2023 11:20

Keep an eye on this now. Near to low of year ie 900p

[patientcapital] 06/1/2023 08:28

Quiet here - all things considered.

[action] 07/9/2022 09:09

Going to go to 800p.

[action] 05/9/2022 10:43

Staying put here. Waiting for 800p or lower may be 750p to top up

[action] 24/8/2022 11:53

Cherry on cakes is high inflation forcible future. Which IMHO is good for commodity prices in general.

[action] 24/8/2022 11:51

According to expert Goldsmith buys Gold producers when they are in bear market and buy the physical gold to push up gold prices and inturn make fortunes on Gold producers share prices. DYOR.

[lozzer69] 07/7/2022 10:40

Still doing a rubbish job

[tightfist] 18/2/2022 08:09

The 6 month PoG chart is now looking brighter, and the Cup-and-Handle that could be forming in the 10 year chart looks prospective too.......

[patientcapital] 14/2/2022 09:12

Help from the East.

[lozzer69] 28/1/2022 10:08

Still doing a rubbish job .

[lozzer69] 20/8/2021 09:37

Has Gold lost its job as a good hedge against inflation? Because it's asleep at the wheel at the moment.

[ec2] 03/3/2021 16:31

With gold down at $1720 today, I decided to make a first purchase into these. I think rising real yields is only temporary before governments are forced to act to bring interest rates back to where they want them. (Bought at £9.75)

[lozzer69] 25/2/2021 15:57

I wish I could remember the person who told me to buy into Gold as it's a great hedge. Because on current form it's absolutely useless advice.

[lozzer69] 24/11/2020 10:29

Blimey this is going one way at the moment and it's down!

[patientcapital] 17/8/2020 16:23

Barrick Shares Climb After Berkshire Hathaway Discloses InvestmentSource: Dow Jones NewsBy Robb M. Stewart Barrick Gold Corp.'s shares continued to advance Monday in the wake of news Warren Buffett's Berkshire Hathaway Inc. holds a stake in the Canadian gold producer.In morning trading, the Toronto-listed shares were 10% higher at C$39.41, while in New York the shares were up 11% at $29.85. Building on gains Friday after Berkshire Hathaway Inc. disclosed a roughly 20.9 million share stake in Barrick, the shares have risen roughly 60% year-to-date.

[lowtrawler] 13/8/2020 10:52

Gold has recovered to 1930 but XAU (so SPGP) is priced at 1840. A lot of speculation gold will take another fall in the short term. In the recent fall, we started with a gap of 2040 v 1920. Gold fell to 1880 and miners to 1800.Is gold going to test 1800 or will it continue the bull run?

[lowtrawler] 12/8/2020 07:26

Part of the answer has arrived. Massive fall in gold to 1890 except XAU has fallen by an equivalent amount so the gap I have been posting about remains but with a big reduction already having taken place.

[lowtrawler] 10/8/2020 13:43

On 27 July, XAU closed at 158 when gold was 1940. On 7 August, XAU closed at 154 when gold was 2030. Usually a 90 point rise in gold would increase XAU by 17, instead we have fallen 4. That translates to SPGP being around 200p below its gold related price. The relationship between XAU, Gold and SPGP was consistent until Gold went over 1900 and since then XAU / SPGP have barely moved higher.

[lowtrawler] 07/8/2020 11:54

Chartists refer to this as the crocodile's jaws as there is an expectation that the gap closes. However, that could be gold dropping, miners prices rising or a combination of the 2. The timeline to achieve closure is also unknown. I expect gold to remain above 1920 and so SPGP should increase.