Serabi Gold Share Discussion Threads

[gregpeck7] 12/6/2019 07:06

Gold price surging again.

[gregpeck7] 11/6/2019 16:01

Gold flirting with going up

[gregpeck7] 11/6/2019 13:04

I believe we will get a reading update Friday.

[ppvn] 11/6/2019 12:10

Coringa PEA out before the AGM?

It's due this month so guess would be a good time for it.

[loganair] 11/6/2019 09:23

In May the Chinese Central Bank bought 15.86 tons of gold to add to its reserves.

The latest boost to Beijing’s gold stash reportedly reflects China’s move towards diversifying its bullion and foreign currency holdings amid the protracted trade dispute with the US.

Chinese authorities are seeking “determined diversification̶1; away from US dollar assets, according to Helen Lau, an analyst at Argonaut Securities. He expects China to buy 150 tons of gold by the end of the current year.

[gregpeck7] 11/6/2019 08:00

1 mm left at 50p then it's 52. How long will they last?

[ironstorm] 10/6/2019 19:31

Very happy with today’s price performance.

It has now burst through to a top 3 holding and nicely profitable following recent buys.

Loads more to come over the next 12-24 months which will put a light under it.

And then of course there is the pog.

[ppvn] 10/6/2019 18:56

Fingers crossed you're right but I can scarcely believe serabi has gone up! As it is hopefully obvious I do believe them to be worth much more - they secured c.$23mm (can't remember the exact number but it was around there) at 72p equivalent last year and then they've gone on to discover some really promising leads (I.e. "multiple targets with a bigger signature than either Palito or sao chico). So I believe them in their current guise to be worth north of a pound which I've said before. But then nobody buys and all of a sudden now there are buyers! Seems too good to be true!

Wonder if our Canadian friend Sherry is still here.

[ahmedbin69] 10/6/2019 18:23

Looks like these are held tightly and springing back up and rightly so. I managed to pick up a few today.

[gregpeck7] 10/6/2019 17:30

Looking at all the buys, you could get nothing at the end of the day.. fast start again tomorrow I expect, head toward the mid 50's then possibly consolidate...

[gregpeck7] 10/6/2019 17:02

Could not buy 1000 at the end of the day mate . No one is selling imo.

[ppvn] 10/6/2019 15:56

Looks like Garraway could indeed be beginning to let a few go again. Not a bad thing I guess, if they bought out city financial at the beginning of the year they seem to be taking their 5 or 10% and moving on. They stopped selling when the share price fell with Anker getting rid of their stake in a hurry so at least we shouldn't see any sustained drops.

I could be wrong, perhaps they have seen the light with this investment! With increased volume it won't take too long before they can get out anyway.

[loganair] 10/6/2019 15:40

It seems to me the gold price starting with 14... will only happen when the US$ weakens, which will not happen until the Fed starts cutting its interest rates.

[gregpeck7] 10/6/2019 15:35

Re gold price, it looks and feels like a price spike is coming I cannot help thinking the new range will start 14...

[gregpeck7] 10/6/2019 15:34

Volume here really picking up nicely. That's all we need. 4 more days to agm ukdate. Be good to be solid on the 59 range by then.

[loganair] 10/6/2019 15:08

curlly - not at the same time. 1. happens first, then 2. happens second....when the Fed funds rate hits '0' the stock market will then fall significantly.

[curlly] 10/6/2019 14:53

loganair
So which one is it
2. stock market rise to record highs
4. stock market falls 30 -50%
it cant do both

[mick1909] 10/6/2019 14:28

Dont you think 1500$ is still a bit conservative I predict a bigger spike of 2000$ + beating 2011 all time high around the 1850$ mark

[loganair] 10/6/2019 14:02

This is how I think things will play out.

1. Fed begins to lower interest rates
2. Stock markets rise to record highs.
3. Fed funds rate hit '0' Zero % and launches QE4.
4. US$ weakens further and the price of gold reaches $1,500 an ounce
5. Stock market falls by 30% to 50%.

[gregpeck7] 10/6/2019 13:50

Agree, and gold has consolidated for a long time now, it's time for a breakout they won't be able to stop.

[loganair] 10/6/2019 13:46

Fed funds rate, each time is a lower high followed by a lower low which most probably means this time round it will bottom out in negative territory with massive QE4, which will completely debase paper money - which is very good for the price of gold as the interest rate will be way under the rate of inflation.

[gregpeck7] 10/6/2019 13:44

Does not matter. Negative interest rates are likely coming. The world is doing a Japan and it will need a super jolt. The banks had the warning shots in the financial crisis and they have modified product range to take account of negative rates... 2 to 3 percent in this day and age is a high interest rate. Ecb have nowhere to go either, bank of England the same. The world is waking up to this reality and looking at gold.

[ppvn] 10/6/2019 13:39

Rates can't go that high again. Corporate and personal leverage is so high everything will be a bust if they did. So they won't!

I just wish I had an old base rate +25bp mortgage. Fairly sure in a few years the bank would be paying me money...

[loganair] 10/6/2019 13:32

How can 2 1/2% Fed funds rate be over tightening, when 2 1/2% is still at historic lows.

I remember having to pay 11.5% on my mortgage with 5.5% on my Instant Savings account and 6.5% on my 7 day savings account.

[gregpeck7] 10/6/2019 13:29

50p for 5000 and no quote for more. The expectation seems to be that the fed will message a cut in June with it taking place July... fed have realised they have over tightened and Donald is causing big headaches for global trade.