Petropavlovsk Share Discussion Threads

[stoopid] 19/11/2015 14:55

GRB, I spoke to POG and they are still unable to take out further Hedges due to the US sanctions. Nothing has changed as far as I am aware.

Also I think you are right regarding $1000 gold, I think it could well go as low as 800 - 900. It is currently unloved and unwanted and a plaything of the paper traders who would appear to have massive shorts against it.

All this talk of the global bond market being FUBAR due to QE is interesting. If it all does go pete tong it will be interesting to see who is left standing after the storm is over. The world economy is only a small step from another crisis/disaster. All this financial engineering, something has to come of it.

[m_n_tomlinson] 19/11/2015 13:41

I think they should just carry on business as usual and weather the so called inverses comas 'headwinds' until the tide turns. They are prepared unlike GLEN who are starting to panic and resort to desperate measures.

So LMI and POG have debt under a $1 billion and have been crucified, yet GLEN has debt in excess of $25 Billion and the company's share price is buoyant?

Sorry if I'm beginning to sound like a broken record..

[grbaker] 19/11/2015 13:32

It definitely looks like we'll see $1,000 and ounce to me: I hope POG is considering taking out some more options, to mitigate some of the decline everybody is forecasting.

[m_n_tomlinson] 19/11/2015 12:52

Linked in the same article



'Apple’s shares are going to soar 43%: Goldman Sachs.'

Looks like the yankee doodles are bigging themselves up yet again. Must be the Steve Jobs films having an effect. He's America's very own 21st century Alexander Fleming, and should be give a Nobel Prize (demised) for saving the US economy and saving war mongering Barrack Obama's face.

[m_n_tomlinson] 19/11/2015 12:45

Hi everyone..

Stoopid 19 Nov'15 - 11:33 - 43749 of 43749 0 0



Well that article is too depressing beyond words. I don't know what to think. Seems theres no end to the misery in sight..

[stoopid] 19/11/2015 11:33

GS quote from an article today on CNBC

It is keeping its outlook for U.S. WTI crude oil at $45 a barrel and for Brent crude oil at $50 a barrel in 2016 due to oversupply. It forecasts gold to remain at $1,100 per ounce for the next three months, $1,050 an ounce for the next six months and $1,000 an ounce for the next 12 months.

[edjge2] 18/11/2015 21:54

Maybe when enuf say it makes 1000 it won't!

[grbaker] 18/11/2015 10:34

P.S. You'll note from the final chart that the price of Gold is already below 50% fib. level (based on where I've decided to start/end the fibs.). When that occurs, retracement will often see the price drop to the 61.8% level (before rebounding).

(Personally, if we don't get a rebound very soon, I think $1,000 an ounce is clearly on the cards; but $1,050 is bound to put up some resistance first).

[grbaker] 18/11/2015 10:27

Some Charts below. I have to say that there's not much support below us until we hit $1,000 an ounce approx. and then it's $886 approx. below that (based on the fibs.)...








IMHO we are rapidly approaching the point where we'll finally find out exactly how low the paper traders want to push Gold.

NIAI, please DYOR and GLA.

[grbaker] 18/11/2015 10:17

We now have a lower low in Gold printed; so the down trend is still in place and I don't think we can yet say with any confidence that Gold has bottomed.

If I was POG (and any other Gold miner for that matter) I'd be looking for further ways to reduce costs.

[onedayrodders] 17/11/2015 16:59

Oh dear ... everything in the world is rosy and France at War is no biggy right ? so of course Gold goes down.

Incredible but just what is going to change the course of gold.

[grbaker] 17/11/2015 15:27

Well, give GLEN a year or so and we'll see where they are then! When's the debt due? Might be a bit early for the shorters yet...

POG also suffered badly from the Crimea situation: that, and the associated sanctions, were in full swing when POG's debt became due.

We'll just have to hold here; and hope the 'vampire squid' GS doesn't have another go at us!

P.S. Gold just hit $1,075, I see...

P.P.S. Talking of staggering: here's the infamous(?) link to the US Debt Clock...



$18,610,279,500,000 and counting!

[m_n_tomlinson] 17/11/2015 14:53

And Whilst Hambro has been sternly reprimanded by Citi, Goldman's, etc, they simply lift the debt ceiling of their own National Debt yet again and Bob's your uncle everything is okey dokey. The hypocrisy is quite staggering..

[m_n_tomlinson] 17/11/2015 14:43

I'm still surprised Glencore is so buoyant even if the debt is say $40 billion.

Compared to POG which was forcibly crushed by short sellers by the likes of cape view, etc. Short positions in GLEN is only 2%?

I guess this is where victimization comes in. There's no doubt Peter Hambro was singled out for a corporate witch hunt!

[grbaker] 17/11/2015 13:07

Glencore has a way to go yet: LMI has well and truly hit rock bottom. After the RI shares will be worth 1.5p approx., I believe. That's unbelievable considering the size of the company.

[m_n_tomlinson] 17/11/2015 12:23

Barclays have made no secret they want LMI to fail despite job casualties, effect on local economies etc. Charitable people. Ewan McGregor you are wasting your time begging for UNICEF. The problem starts at the top in investments. The Yanks are pouring funds in home grown virtual dot.com companies with hardly any over heads, threfore money is not being put into use, and not into companies effecting the lives of people in the real world. In their quest to drive down the metals prices to protect the dollar and the illusion the USA is great they are destroying and starving the under developed world.

Should GlEN fail too as well as LMI, I mean, wow..

[m_n_tomlinson] 17/11/2015 12:12

Cheers grb. $100 Billion is simply eye watering!!

Wonder why gold is tanking? It seems the powers that be have set it's course, and no earthquake, nuclear fallout or world war III is going to deviate it from it's course. The question is how low are they going to take it?

[grbaker] 17/11/2015 09:44

Found a bit more on GLEN's debt here:

[m_n_tomlinson] 16/11/2015 23:59

I see forwood has attached himself onto another loser (GLEN). He certainly picks 'em!

[m_n_tomlinson] 16/11/2015 23:52

Oh dear.. is GLEN going to drag us all down? GLEN should be ashamed for practically giving silver away..



Silver Wheaton Rapes Glencore: Will Pay $900 Million For Silver At 20% Of Spot Price.

Looks like Silver Wheaton struck it rich with its newest silver streaming agreement with Glencore. According to the deal, Silver Wheaton paid Glencore $900 million for future silver production from its share of its Antamina copper mine in Peru. Silver Wheaton receives silver from this Glencore deal at 20% of the silver spot price.