Serabi Gold Share Discussion Threads

[gregpeck7] 03/7/2019 08:40

Nice quote and some gold commentary

Gold is being driven largely by the assumption of peak U.S. dollar and expectations of the Federal Reserve rate cuts.

“The foundation for higher gold prices has rarely been stronger. Five years of consolidation, with elevated risk of downside in a dollar that's near multi-decade highs coincident with similar upside potential in stock-market volatility, supports gold prices. Additional backing comes from anticipated Fed easing,” McGlone explained.

[gregpeck7] 03/7/2019 08:14

Sherry, I think the reason SRB did not historically follow the gold price, was because whilst SRB has been slowly developing and maturing the gold price has really been in a very tight range and only now is it breaking out. So I guess it is a relatively new phenomena... What we know is that a reasonably higher gold price, even 1400 plus is transformational for SRB, personally I think we will go over 1500 which would be outstanding for us but I wont get ahead of myself.

[74tom] 02/7/2019 23:11

Gold closed at $1418, I expect this to return to the mid 60’s minimum tomorrow

[gregpeck7] 02/7/2019 19:24

I rate this guy and he poses a good question. Personally I see the value of money declining rather than gold increasing but the end result is the same...Is the price of gold increasing - or the price of money declining? Central banks breaking records in #gold inventories, US/China trade deal no end in sight, FED lowering rates in 2 weeks, Iran powder keg waiting to ? + short/long credit cycle both coming to an end. You decide..

[sherry35] 02/7/2019 18:18

SRB has never traded with the price of gold. So, I for one would like to see SRB's share price follow the price of gold as gold moves north over the next 2 to 3 years.

[sherry35] 02/7/2019 18:17

Yesterday's Au spot price drop was predicted by Eric Sprott on June 27, 2019.

[loganair] 02/7/2019 17:25

What I'm pleased to see is how the price of gold is in percentage terms up by about the same amount in different currencies including the US$.

[gregpeck7] 02/7/2019 16:53

Yes it was very quick. I see 1500 gold coming sooner than a lot think, there should then potentially be some consolidation. 1500 usd gold would be transformational for our good friend serabi as well :-)

[ppvn] 02/7/2019 16:43

Ha, was wondering how long that would take.

Well fingers crossed it can make the $1,400 stick after its consolidation move; then the real question becomes where will its next leg up reach?

[gregpeck7] 02/7/2019 16:37

Gold totally flying , through 1400. Top up tomorrow?!

[gregpeck7] 02/7/2019 15:51

Gold price starting to motor.. getting close to 1400 again..

[gregpeck7] 02/7/2019 14:06

Yep seen numerous sources that suggest he seems to be pivoting towards Europe.. sees them as an easier target now...

[honestjim2] 02/7/2019 13:51

gregpeck7


Trump Again Threatens The EU
"Advantage UK
I do not believe Trump caves as easily on this one as he did with China.

If so, the UK is the big beneficiary.

Purposely or not, the timing of this announcement adds to the increasingly likely odds of the UK getting a good Brexit Deal with the EU.

That would suit Trump just fine."

[gregpeck7] 02/7/2019 11:26

Well helped myself to another 6000 on that drop. Think it's off again now chaps. Gold price looking strong

[gregpeck7] 02/7/2019 09:57

Looks like trump is about to hit the eu with a trade war...

[ppvn] 02/7/2019 09:27

I too am bullish on the yellow stuff. If it can recapture $1400 today that'll be very positive, and to be honest I'm hoping it will.

As you say, this share is really about getting to 100k p.a. - if the POG is where I think it will be in 2021 that's going to be the real payoff.

In the meantime we can move 4.5% on £25k traded!

[gregpeck7] 02/7/2019 09:17

Gold is making a nice comeback today, I am very bullish on the exit price for gold this year.

SRB having a dip before hitting new recent highs IMO. People trying to trade in and out...

Loads of good stuff coming down the tracks

1. Corninga PEA - Another resource upgrade?
2. Final Coringa payment - hopefully out of cash in bank
3. Strong gold price
4. Cinderella Shear - could be a huge new play
5. Increase in incumbant resource - based on current step out drill results
6. Mortoring towards 100,000 ounce per annum producer..

All in around a 30m package...

Just keep buying the dips and hold those shares chaps.. Every time I make some money on a trade I am just grabbing a few more!

[cf456] 02/7/2019 08:06

Mellon on the Markets: Gold and what comes next

"And that’s why gold is rising, not much yet, but a lot over the next three years or so. I really wouldn’t be surprised to see gold at US 5000 an oz in that time period, and I urge all readers to be positioned accordingly."

[stan6772] 01/7/2019 16:31

I think AAZ went ex dividend today so some of the fall will be due to that. The drop on SRB seems overdone.

Actually it went ex dividend last week, so ignore that.

[cinoib] 01/7/2019 16:15

I thought AAZ got hammered this a.m. but this keeps dropping whilst AAZ has stabalised a bit.

[ppvn] 01/7/2019 15:46

Blimey well this is some pullback. Disappointing but I guess it'll make for a more stable base going forward.

[sherry35] 01/7/2019 14:58

SRB has never traded with the price of gold. So, I for one would like to see SRB's share price follow the price of gold as gold moves north over the next 2 to 3 years.

[sherry35] 01/7/2019 14:57

Yesterday's Au spot price drop was predicted by Eric Sprott on June 27, 2019. Everyone knows that PMs are manipulated by JPM, Scotia M., Citi, etc. This is JPM's way of raiding ETFs when they dump Au into a falling Au spot price. With respect to yesterday's open, and subsequent beat down on the London open, to $1380 USD, a lot of COMEX paper was thrown at this on the open.

hxxps://www.sprottmoney.com/Blog/gold-at-risk-of-a-sharp-pullback-before-higher-again-david-brady-27-062019.html

Nothing new to see here. Move along.

[gregpeck7] 01/7/2019 12:28

Just srb being volatile, it does move very easily. Think the pog drop spooked a few... gold will have a great year, just not having a great day!