Serabi Gold Share Discussion Threads

[sherry35] 11/7/2019 04:06

We are in the sweet zone for rate cuts or raises given the US and global economies are nearing the end of this expansion cycle. If rates do go up, the USD should decline resulting in POG moving higher. I know all of us longs are finally looking forward to our pay out but the next down swing in the market (recession) is a process.

hxxps://wolfstreet.com/2019/07/10/what-my-fancy-schmancy-fed-hawk-o-meter-says-about-the-feds-next-rate-move/

hxxps://moneymaven.io/mishtalk/economics/powell-testifies-to-congress-july-rate-cut-odds-jump-JkmN5OmrgkuT7fY0ImEjnA/

[gregpeck7] 10/7/2019 23:11

Indeed.... And Trumps top advisers are reportedly working on a "weaker dollar" strategy..

Could it get any better for gold?

Actually surprised its not higher..

Observer, welcome...

And now we have

Coringa PEA imminent,

Final cash payment for Coringa likely to come from cash
Cinderella Shear
New leads in our current mining vicinity
100,000 ounces within 18 months production target

All for 35m

Its ridiculous.

[loganair] 10/7/2019 23:05

Powell flagging up rate cuts = weaker dollar.

[gregpeck7] 10/7/2019 23:01

The cuts are coming.. Only got a little ammo for tomorrow but will be getting a few hundred more.

[observer007] 10/7/2019 21:46

Bought in recently.

Hardly anything was available today, noticed the market makers were selectively putting through delayed buys to suggest they were sells.

I suspect they are heavily short of stock in Serabi, 12 months ago the share price hit 84p, with the gold price above $1400oz SRB could easily hit £1 and beyond soon.

[loganair] 10/7/2019 21:38

Brazilian Pension reform bill is about to be passed, means the interest rate to be cut to 5% from the current 6.5% over the coming months with an exchange rate of 3.4 to 3.6 BRL against the USD expected,

[gregpeck7] 10/7/2019 19:00

No stopping the good price.. should be a good day here tomorrow. If the us is determined to get the value of the dollar down, ecb are indicating stimulus on the way there is really only one way gold is going.

[gregpeck7] 10/7/2019 17:28

Gold almost up 15 usd now and trump has announced he wants to implement a weak dollar policy. All music to our ears.

[gregpeck7] 10/7/2019 14:49

Nice delayed buys coming through... srb takes nothing much to move back up. Close above 60? Gold now up 12 usd..

[gregpeck7] 10/7/2019 13:38

Central banks know the rules of the game are about to change.

[gregpeck7] 10/7/2019 13:37

Gold just shot higher, almost 1410 again...

[loganair] 10/7/2019 13:02

Citi Group - In the first 5 months of 2019 gold buying from central banks is 73% higher than a year earlier.

[loganair] 10/7/2019 12:41

The National Bank of Poland (NBP) has bought 100 tons of Gold since the beginning of this year, nearly four times more than it added to its reserves in 2018.

[tightfist] 09/7/2019 19:20

I trade with around 15%, the rest is LTBH. SRB is 11% of that and 3rd largest holding; 2nd largest is also a goldie.

[gregpeck7] 09/7/2019 14:27

Agree. So much to hold this share for but it's not a traders dream. I trade with one half of my portfolio and I invest with the other. All my investment side is in srb....

[tightfist] 09/7/2019 13:00

And healthy, especially on low volume

[trader365] 09/7/2019 11:53

Beat that! SRB has gained 100% in 2 months......

A pullback is normal and expected

[gregpeck7] 09/7/2019 11:18

Agree it could be viewed as froth but it's a very cheap company... next big live should be over 100p just have to wait for it to kick in. Coringa pea will be very interesting and I would expect we will have it within 2 weeks.

[ppvn] 09/7/2019 09:52

We are still a long way from the share price being frothy in my opinion! Looking at the share price through anything but a 2 month timeframe they are still way down. It'll change in time with luck.

[tightfist] 09/7/2019 09:49

Yes, the underlying investment premise remains the same...... or IMO even better for new money.

[loganair] 09/7/2019 09:43

Just like Trans Siberian Gold did after they more then doubled in price over a two week period, then fell back....nothing new with SRB, only to be expected. Just the froth being taken off the share price.

[tightfist] 09/7/2019 09:29

Beat that! SRB has lost 25% of its value in two weeks.......

[loganair] 08/7/2019 09:00

The value of money has already plummeted, down over 99.6% over the past 100 years, while in the 125 years before that the value of money was down less then 25%.

[gregpeck7] 08/7/2019 08:40

Gold going well, other mining stocks all blue. Serabi will join in soon enough. Peel beneath the surface and dB situation is dreadful. Huge bailout will be needed. The value of money will soon plummet.

[gregpeck7] 07/7/2019 17:56

Iran situation getting worse, terrible numbers out of Germany. 10 year German bonds record low yield. Db bank on the edge , rumours of a 200 billion bail out.. the sugar rush in the us exonomy will wear off very soon. Minor setback for gold Friday but imo there is only one way gold price is going. Coringa pea a few weeks max away...