Serabi Gold Share Discussion Threads

[gregpeck7] 11/7/2019 16:42

Coringa pea around the corner. If it's anything like I expect these sellers will be paying over 70 to get back in...

[borisjohnsonshair] 11/7/2019 11:31

I'd like to go above 2000

[loganair] 11/7/2019 09:54

I would like to see the price of gold settle for a while in a new trading range of $1,390 to $1,430 as this would give a solid base for the price of gold before the next leg up.

[gregpeck7] 11/7/2019 09:45

Excellent, and gold motoring on, up to 1423 ad I type. When you look at what bitcoin is doing you cannot help but think that gold rally has literally not properly started.

[loganair] 11/7/2019 09:29

Many Brazilian shares that are UK quoted are way under value at the moment. Just look at JP Morgan Brazilian Trust is running at a discount to Nav of 24% as they have not court up with what is actually happening in Brazil at the moment.

[tightfist] 11/7/2019 09:13

Current forex rate is around 3.75....

[gregpeck7] 11/7/2019 09:11

So additional benefits for srb....

[loganair] 11/7/2019 09:03

SRB is also effect by what is happening in Brazil as well as te price of gold.

After pension reform bill passed, rates in Brazil expect to fall from 6.5% to 5% wit the BRL/USD exchange rate expected to fall to 3.4 to 3.6.

[gregpeck7] 11/7/2019 08:20

Nice. I have a 6 digit holding but took a few more also. Now is the time to be accumulating

[borisjohnsonshair] 11/7/2019 08:14

It's keeping my trades secret. Just purchased lots.

[gregpeck7] 11/7/2019 07:23

Yes observer you are correct about being under the radar. I have tried to spread the word about serabi and there are some new investors here but as you point out it is under the radar. The 'herd' are not anywhere close. As you say, that will change. I think serabi is swinging higher now and will push for new eerecord recent highs.

[observer007] 11/7/2019 06:28

Gold has had a massive spike overnight, now $1426 oz, not inconceivable that SRB could rise 10p+ today - their aim is to be a 100k oz year producer, from circa 42k oz now, if attained the shares would be heading towards £2

The other thing I like is only 58m shares in issue, means the free float is low which is good for bulls when volume kicks in.

This is under the radar, as they say, but not for much longer I suspect.

[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.