Swanning about in the gutter. |
He has been pretty accurate with predicting the direction of travel of gold and walks people through why stuff is happening on the charts. Think Peter Schiff is better on the politics and economics side just cut out the bits about his bank and his wife singing carer.
Less sure about silver than I was as think we will have an economic downturn hitting its industrial use but you could get a flood of investment due to it being a poor mans gold. |
Exactly and his graphics show that from the 1.1.25 the only way out is to let the gold price increase taking silver with it.The only central bank short of gold is the Fed and probably the Bank of England I would guess. |
AuKing Mining Ltd (ASX:AKN) has entered into a binding term sheet with Resource Mining Corporation Ltd (ASX:RMI) granting RMI an option to purchase all of its interests in joint venture arrangements established in Saudi Arabia.
The option has been provided to RMI with the permission of AuKing’s local Saudi JV partner, Barg Alsaman Mining Co (BSMC).
Under the terms of the Saudi JV, AuKing has the right to earn a 70% joint venture interest by incurring project-related expenditure up to the stage of a feasibility study for the particular project.
An exploration licence was issued on November 11, 2024, for the Wadi Salamah tenement and steps are being taken to secure the Shaib Marqan licence.
(Only had the area since November and some rock chips but guess there is some interest in areas) |
 Thanks, neiling.
I have often listened to Andrew Maguire talking about the Comex casino. He's hard work. I'll give his latest a try after I have brewed a strong coffee.
An ever-increasing proportion of gold is being locked up in central bank vaults (and partially so in jewellery) and an ever increasing quantity of silver is being locked up in electronics and photoelectric cells. Any significant increase in investor demand will cause supply issues because there is not much of either sitting idle waiting for someone to buy. Professional investors betting on the prices and producers & users of the metals hedging prices trade paper options and futures and the bullion banks can get into trouble if they do not balance future delivery contracts to buy and sell or have sufficient physical metal to meet delivery for net buys. I gather that the Fed acts to smooth out volatility in the net delivery exposures from settlement period to settlement period but it cannot hold back a prolonged net buy trend.
Best luck! Happy hunting! |
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) |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
