Est you should watch the latest Live from the Vault.I know he is difficult to follow but he explains in detail why Comex ie the Fed have run out of a profit potential on futures and their only way out is to let gold revalue in early 2025.He suggests to 3000 gold and 50 silver |
marnewton,
thanks for the chart analysis.
Gold seems to have struck new all-time highs in Euros and in Yen also so the USD breakout may have been suppressed by the appreciation of the USD against other currencies.
There has been suggestion that the longer-term bond yield increases might be a drag on gold but there is another view that those yield increases reflect nervousness of those holding currency debt.
Apart from my bloated investment in Kefi, I am 70:30% invested in silver:gold. Industrial demand should provide a floor for the former and central bank demand for the latter.
The markets may be holding their collective breath awaiting release of detail of Trump's policies. Because of general nervousness, any reaction could be accentuated.
On this side of the pond, the Reeves budget was and is a disaster and the economies south of the Channel are not looking much better. |
If he can get his dream across the line, a camel probably more appropriate? |
"it's a slow donkey ride to the glitter" got visions of Harry having a ticker tape parade while riding a donkey. |
rob, did you see it as a chance to top up at 6p?
The only deramper I've come across is Arry himself.
Get some spades to the ground then one may become interested.
So far, it's a slow donkey ride to the glitter. |
estseon,
GOLD/GBP broke out of an Ascending Triangle...
GOLD/USD may be in the process of breaking out of a Symmetrical Triangle.
Both bullish CONTINUATION patterns.
M |
I see it as a chance continue top up at a low price but could do with some derampers to talk the price down a smidgeon unfortunately the present crop are pretty ineffective. |
For most, price is an indicator surely? 31 v 228?
Gold can go as high as it likes.
In the ground, out of sound.
Saudi prospects? Current position reduced just to stay in, but I suspect harry is not
so switched on when dealing with Arabs!
From the ramp at 0.6p, where are you now? 19%+ down.
Keep the faith. |
(saudi mining)
gold live from the vault
Sentiment is a lot of people on the side lines watching to see what news drops between next week and the end of the month.
Ideally gold back over 2700, news on AFC, hints over sale of price of Saudi prospects and timeline of kefi/TKGM interacting with the new ESX. |
Appreciate all peanuts but figures must indicate sentiment?
Buys 31M/sells 228M approx for the week.
197Mish for MM's to offload, I'm sure there are plenty of fans willing to hoover up?
A farthing bargain to be sure! |
We all have to guess but at least I know why now you think 20m if at all .
Lets see , hopefully soon ! |
I don't take "per HA" as a great sign.A data room doesn't necessarily equate to big money. It's way off production.It's way off funding.15% gives you no control and lots of room to be screwed around. If it was worth $50m Kefi would have fought harder to not get diluted. But you may be right what do I know. |
Knowing Harry, it would not surprise me if we pay someone to take it off our hands. ;-) I believe that we once gave shares to some shysters NOT to lend to us. That was never fully explained as far as I recall. |
Think it will be sold soonish or at least a price agreed the price might depend on what level of interest they get at the Saudi minerals forum (14 to 16th). From that anyway they will have fair idea of the price so do not see them dragging things out. |
also they have said SA gold is valued at $80 per ounce in the ground . £3m * 80*15% = 36m. My view we add a buyers premium to that so $40-50m.
Take it you have some sums to back up your assertion , or is that the last we will see of you ? |
Hmm despite them having several buyers expressing significant interest (per HA), people accessing data room, and a big conference next week where they will be in the shop window.
What analysis/thinking gets you to a paltry 20m in 6 months ? |
I'm bullish on Kefi but don't see them selling their 15% stake for more than $20m in the next 6 months.Now they've had to go dilution at both Saudi and plc level (recent cap raise) would not be totally surprised if they end up staying in mid term. |
The gold price appears to be at an all-time high measured in GBP (and CHF). |
Kefi should have more idea over the next one or two weeks. You have the mineral forum 14 - 16 January after or during kefi will have more idea what it can get for its Saudi prospects and the Launch of the Ethiopian stock exchange on the 10th which kefi no doubt will be watching.
The investment by the Ethiopian government into the road means you are likely looking at AFC membership being ratified soon. Then you have the webinar.
(Ethiopia/Saudi business)
(Ethiopia general)
(Ethiopia general)
(Saudi mining)
(Saudi investment) |
The new institution aims to list as many as 50 companies in the next five years, Tilahun said. Some will join the bourse via a so-called listing by introduction — which does not involve an IPO — though how many is not yet clear. (might be a cheaper way to do it”Listing by Introduction means the process of introducing or listing an issuer’s securities held by existing investor on a securities exchange without an initial public offering.)
The exchange is also a critical enabler of economic diversification. By reducing borrowing costs and expanding access to finance, it empowers businesses to invest in new projects,
The public-private partnership model facilitated this, tapping the power of collaboration in driving financial innovation.
(Ethiopian mining) |
The building of the road is apparently highly significant & RNS-worthy. It is not the first time that announcement has been made. I may be wrong (wouldn't be the first time) but I do not recall being told by RNS that the building of the road had previously been suspended, as thrown in to the interview by our dear, dear Harry. Would that be lying by omission? |
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