Ishr Gold Prod Discussion Threads

[lowtrawler] 10/8/2020 12:43

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 10:54

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.

[lowtrawler] 07/8/2020 09:44

Based on $2060, we should be at 1690p and not 1430p. The gap only arose once gold went over $1850.

[lowtrawler] 07/8/2020 07:16

Now $1920 v $2060

[lowtrawler] 05/8/2020 14:29

Now consistent with a $1950 gold price when it's sitting at $2050. Looks to me that mining shares are hedging their bets and not fully trusting the gold increase to stick?

[patientcapital] 04/8/2020 06:55

CNBC:?Gold may test $2,000-$2,100 in 'very near term': Deutsche Bank??Gold prices have more room to go, with weakening in the U.S. dollar and U.S. real rates helping them to go higher, says Michael Hsueh from Deutsche Bank?

[lowtrawler] 03/8/2020 08:15

The current level of XAU and SPGP are consistent with a $1900 gold price. With gold at $1970, XAU should be 168 and SPGP 1540 rather than their current 155 and 1405.Will gold correct down to match or will miners rise?

[lowtrawler] 18/3/2020 10:09

Except, it's meant to track AUX which, at least when the US market is open, is constantly updated. Sometimes the spreads have been over £4.

[lowtrawler] 17/3/2020 10:14

What's with the huge spreads?

[patientcapital] 21/2/2020 15:49

Well timed. Building again nicely.Yawn :)

[gark] 14/8/2019 12:32

Sold yesterday so likely to go up some more.

[ifthecapfits] 08/8/2019 10:13

Nothing to see here. Move on :)

[patientcapital] 30/7/2019 07:58

A bit quiet, here, all things considered.