Serabi Gold Share Discussion Threads

[tightfist] 11/3/2020 09:22

I believe the Swiss have been doing that for years....... I think I saw the other day that 5-year UK Gilts have just gone negative, so maybe paying to retain your capital will happen sooner than we would like to think!

[cotton4] 11/3/2020 09:21

If they keep dropping the interest rates it will only be a question of time before the banks charge you to keep money in the bank. Can't let the banks go under. And the banks of mum and dad will be that much worse off.

[borisjohnsonshair] 11/3/2020 09:15

What do you mean?

[cotton4] 11/3/2020 09:13

How long before we have to pay to keep money in the bank?

[tiger60] 11/3/2020 08:26

If ever there was a macro environment for gold producers to flourish this is it.

[ironstorm] 10/3/2020 13:01

loganair - happy days for us holders here.

[borisjohnsonshair] 10/3/2020 11:48

All the blue are sells. This is at boiling point.

[borisjohnsonshair] 10/3/2020 10:12

Double whammy - gold higher, extract cost lower. Extra circa USD100 / ounce based on your figures so US$3.4M windfall for Q2-4 2020.

[loganair] 10/3/2020 09:39

Standard Charted - Price of gold $1,725 average for 2Q this year.

Lower energy costs will lower the cost of gold production for the miners. At $40 per barrel for oil compared to where is was last year will lower the average miners AISC by around $30 and oil at $35 will lower their AISC by $50 to $55.

[borisjohnsonshair] 10/3/2020 00:20

All good points, so I suggest a combination. I see gold ETFs as likely to rise significantly verses a bounce in market, or modestly if flat & stable

[borisjohnsonshair] 10/3/2020 00:17

Very interesting and prob signals news tomorrow - license approval?

[borisjohnsonshair] 10/3/2020 00:16

As if "friend".

[borisjohnsonshair] 10/3/2020 00:15

I didn't comment on whether Corona was or would be killing lots of people, I said it would affect markets.

[loganair] 09/3/2020 22:08

Interesting to hear what the people who have been in Gold for 30 or 40 years are saying that gold capitalise on the aftermath of any down turn and if 2020 is the down turn year then they are expecting the price of gold to rally during 2021,2022 and into 2023 to reach an all time high of $2,000 to $2,500.

[trader365] 09/3/2020 20:15

Sherry why is the volume so high over there? Surely you're all in self isolation or hospital, or hiding in the woods from the virus thingy?

[sherry35] 09/3/2020 20:08

SBI.TSX closed up at $1.67 on spectacular volume of 13,200 shares. You thought I was going to say "YUGE". Some schmuck down ticked the share price going into the close.

[tightfist] 09/3/2020 20:06

SBI is currently trading around 94p equivalent - someone cracked and paid a lot right on the close today on LSE..Interesting times! tightfist

[trader365] 09/3/2020 20:03

Coronasheep need to get a grip of themselves

A friend of mine called me today and is worried about attending a property auction in the UK because the 'deadly' coronathingy has taken a 'foothold' in the UK.

Here's the precautions the auction company are taking to combat the alleged 'foothold' of a lethal global virus (hand sanitisers) lol...

"AUCTION
We're in communication with Mercure Cardiff North Hotel and currently, there are no restrictions in place which means our auction on Thursday 19th March will still go ahead as planned and we do not expect this to change.

We will be providing hand sanitisers on the evening for people to use, alongside those already provided by the hotel, as well as discouraging any handshakes during the evening"

[tightfist] 09/3/2020 17:36

Hi Sherry,.Re #5599, an interesting question. My take on it is that either (a) investors need instant sales/cash to satisfy margin calls elsewhere, OR (b) that investors can see bombed-out shares elsewhere offering, on the face of it, extreme value (or looking cheap compared with a few weeks ago). Hence selling into the RELATIVE strength of small miners (incidentally, from a UK perspective, be very careful how small is "Small or Junior") to instantly redeploy capital elsewhere, OR (c) that portfolios are becoming excessively weighted towards Gold Miners and require rebalancing..Personally b and c are issues here, and where investing psychology comes strongly into play. I am glad I went down to the SRB GM for a refresh, otherwise I might have been tempted to part with a few today..Large and Mega Cap Miners are influenced by physical ETF trading and so have a different target audience and trading dynamic, IMO..Hope that helps - these are IMO some of the issues, but there are doubtless countless other perspectives, tightfist.PS: SBI is one of only two shares in the Blue today on my tracker!!

[trader365] 09/3/2020 16:46

Is there a parrot

[borisjohnsonshair] 09/3/2020 16:44

Is there a parrot