Serabi Gold Share Discussion Threads

[trader365] 09/3/2020 15:47

The gold price has got ahead of itself, share prices are lagging, so the gold price rise wont be reflected in share prices until future results are released and increased EPS is evident in financials

[borisjohnsonshair] 09/3/2020 15:38

Gold flat - GDXJ down 5%

[borisjohnsonshair] 09/3/2020 15:37

SBI up. Tell tell sign of news tomorrow!!

[borisjohnsonshair] 09/3/2020 15:37

Miners don't rise inline with gold price. More typically they'll rise when result reflect the higher sales. GDXJ more so. GDXJ dropped 9% last week when gold went up because the small miners dropped with the crash. Same today. Patience will be rewarded

[sherry35] 09/3/2020 15:09

tightfist - Please explain to me why gold miner stocks aren't heading higher. The GDX has been trading sideways since July 2019 and GLD has progressively been moving higher. It appears the miners are being held down. Why?

[trader365] 09/3/2020 15:08

We'll need more than a licence to hold this up if the market sell off continues into the summer

[borisjohnsonshair] 09/3/2020 09:11

License approval very very very very soon.

[trader365] 09/3/2020 06:13

Today maybe a good time to take up smoking

[sherry35] 08/3/2020 23:09

Saudi Arabia to pump MORE oil into the market. USA fracking industry is going to take a second left hook to the chin. Toss in a collapsing global sales in Ford and GM cars, USA recession is going hard felt. Tesla correction to come very soon though Musk just completed a very timely PP before the stock started heading south.



Trump will blame US market turmoil and economy COV19 and it's creator. Trump put is fading fast.

[tiger60] 08/3/2020 22:33

Has there ever been any word from the company about forward selling/hedging future production? I think there is a lot further to go but interested in any info on the subject.

Ft100 futures showing 5.5% drop at 10.53 . Wow

[sherry35] 08/3/2020 22:11

Gold touched $1700 US oz. at the open. Let's have positive thoughts on more moves north.

[borisjohnsonshair] 08/3/2020 05:42

Talk a good game by cutting and pasting text you've found YET you've brought high and sold low. No one is fooled by your nonsense. Never wrong hence the reason you've never learnt anything and never will. Doomed to lose, loser.

[trader365] 06/3/2020 16:58

A sea of red everywhere today, oil down over 7%. One might as well forget trading and park it all in RDSB for the 9% yield

[tiger60] 06/3/2020 15:09

83.66 to buy with gold at 1685. There goes my theory. No logic other than there are more irrational investors than rational - which come to think of it is probably true. We maybe right in our mindset but there is enough people that are desperate for funds at any level. Depressing

Gold price did a quick reverse to1655

[trader365] 06/3/2020 12:29

We seem to be going the wrong direction for 500p, someone been telling porkies on here

[borisjohnsonshair] 06/3/2020 10:58

This subject doesn't excite me much. Nor the promised BJ at £5

[cotton4] 06/3/2020 10:41

If you get more Real for your dollar then you will have less dollars to pay for your wages, provided the Real wage bill doesn't change. Or am I missing something?

[tiger60] 06/3/2020 10:30

So for example if you have wages included on your balance sheet under admin expenses (sometimes cost of sales but dependent on actual work undertaken) even if 85% of the expenses are in RRL they would need to be converted to USD for the accounts.

So the majority of expenses may well be in RRL but they are all accounted for in USD. In other words, all expenses converted to USD whether RRL, GBP, Euro. So we need to combine expenses in RRL after USD FX transaction. RRL costs could plummet 30% but if the RRL/Dollar moves 40% in the wrong direction costs will increase.

Am I missing something? Apologies

[loganair] 06/3/2020 10:14

85% of Serabi's expenses are in local BRLs and therefore in a way their costs are going down.

Even in USD the price of gold currently stands at $1,688.

[tiger60] 06/3/2020 10:02

But we report in dollars don't we? so whilst RRL gold is a good indicator it has to be combined with the exchange rate fluctuations (RRL/USD) to determine positive/negative impact on a daily basis

[loganair] 06/3/2020 09:50

Yesterday, yet again saw another all time high for the closing price of gold in local BRLs at 7,723BRLs, that's up 55% over the past year.