Serabi Gold Share Discussion Threads

[borisjohnsonshair] 01/8/2019 21:33

Be brave - go for GDXJ not GDX

[loganair] 01/8/2019 21:16

The price of gold had to close above $1,365 resistance level, each time it failed to do so it fell back. Once it closed above $1,365 resistance level the next resistance level is $1,450 and the $1,365 becomes the new support price.

[sherry35] 01/8/2019 21:14

GDX made as nice recovery today with volume matching yesterday's down move. Looks like a bullish engulfing but the MACD is not favouring a BUY.

We are getting into August where the USA/Canada financial folks take vacations. FED doesn't meet for six weeks which puts the next FOMC meeting in mid Sept/19. So, we may experience some sideways motion in market for next 4 to 6 weeks. Geopolitical events could disrupt the vacation slumber that will push gold higher.

I suspect Powell and DEMs taught Trump a lesson. $USD moved higher, showing continued strength. Not good for USA exports.

Au intraday high $1446 -> getting close to testing $1450

[borisjohnsonshair] 01/8/2019 21:13

What do you mean being the equivalent of? It's looking good for the 1450 close.

[loganair] 01/8/2019 20:57

The price of gold is nearing the $1,450 which is the equivalent of the past $1,365.

If the price can close above $1,450, then I think the next level is at around $1,520.

[borisjohnsonshair] 01/8/2019 20:56

Bloody hope they can get the Coringa update out before the bell. POG tail wind will help knock us out the park.

[borisjohnsonshair] 01/8/2019 20:54

I'd be very surprised if not.

[gregpeck7] 01/8/2019 20:11

Gold up 30 usd.

[gregpeck7] 01/8/2019 19:52

Surely this rises tomorrow!

[loganair] 01/8/2019 19:21

It is good to see the price of gold up in many currencies as well as the dollar.

[sherry35] 01/8/2019 19:07

Au intraday high of $1440. SBI.TSX has not recovered to $1.00 yet. Recovered nicely having touched $1400 from above - nice test curtsy of Trump/Powell. I see a pull back into $1430's for the weekend close.

[borisjohnsonshair] 01/8/2019 19:02

Big time. I hope the powers at SRB see the value in a positive resource update tomorrow!!! Could see 75p

[loganair] 01/8/2019 19:00

The fall didn't last long, the price of gold now back in positive territory.

[borisjohnsonshair] 01/8/2019 18:41

Trade war pushing gold up. $2,000 isn't inconceivable again.

[gregpeck7] 01/8/2019 18:35

Mate if rates go above 5 percent there are some pretty serious consequences for the housing market. A 50 percent crash could easily happen. That's why they will prefer a debt jubillee. Obviously won't be called that but it's coming, like they call printing money quantitative easing they will give it some technical name but they need to do a huge reset. Thats why I'm buying gold and investing in miners. It's going to happen. The question is just when. Personally I think it will be when Deutsche bank goes pop. Which it will.

[loganair] 01/8/2019 17:58

House prices will not go down by 50% while the well built house will maintain their value.

[gregpeck7] 01/8/2019 17:51

Exactly, the "savers" will hardly be happy when their house is worth half the previous value but at least they can spend their savings interest....

[loganair] 01/8/2019 17:47

Hearing both sides of the dividend discussion, I hope in 2021 SRB start paying a dividend as it will be a reward for the patient share holders. More money would come into SRB shares, meaning the share price will rise which will also be very good for SRBs larger share holders.

[loganair] 01/8/2019 17:30

Low interest rates and money printing, the money had to go somewhere, over paying ofr shares in the USA and into over paying for houses in the UK.

[ppvn] 01/8/2019 17:25

The problem with that is 10 years of house price increases have been built on the back of low rates.

Also, the Gov't debt may become a little problematic going forward!

Low rates are here to stay unfortunately. If and when they do rise significantly it'll be because everything is blowing up, and not in a good way! Well, apart from gold!

[jeanesy] 01/8/2019 17:25

Its hard to decipher buys from sells today. Hopefully the seller is nearly done. I am not even going to try and predict/ say if that is the case though. I have tried with STCM and been badly burnt !!