Serabi Gold Share Discussion Threads

[sherry35] 01/8/2019 21:14

GDX made as nice recovery today with volume matching yesterday's down move. Looks like a bullish engulfing but the MACD is not favouring a BUY.

We are getting into August where the USA/Canada financial folks take vacations. FED doesn't meet for six weeks which puts the next FOMC meeting in mid Sept/19. So, we may experience some sideways motion in market for next 4 to 6 weeks. Geopolitical events could disrupt the vacation slumber that will push gold higher.

I suspect Powell and DEMs taught Trump a lesson. $USD moved higher, showing continued strength. Not good for USA exports.

Au intraday high $1446 -> getting close to testing $1450

[borisjohnsonshair] 01/8/2019 21:13

What do you mean being the equivalent of? It's looking good for the 1450 close.

[loganair] 01/8/2019 20:57

The price of gold is nearing the $1,450 which is the equivalent of the past $1,365.

If the price can close above $1,450, then I think the next level is at around $1,520.

[borisjohnsonshair] 01/8/2019 20:56

Bloody hope they can get the Coringa update out before the bell. POG tail wind will help knock us out the park.

[borisjohnsonshair] 01/8/2019 20:54

I'd be very surprised if not.

[gregpeck7] 01/8/2019 20:11

Gold up 30 usd.

[gregpeck7] 01/8/2019 19:52

Surely this rises tomorrow!

[loganair] 01/8/2019 19:21

It is good to see the price of gold up in many currencies as well as the dollar.

[sherry35] 01/8/2019 19:07

Au intraday high of $1440. SBI.TSX has not recovered to $1.00 yet. Recovered nicely having touched $1400 from above - nice test curtsy of Trump/Powell. I see a pull back into $1430's for the weekend close.

[borisjohnsonshair] 01/8/2019 19:02

Big time. I hope the powers at SRB see the value in a positive resource update tomorrow!!! Could see 75p

[loganair] 01/8/2019 19:00

The fall didn't last long, the price of gold now back in positive territory.

[borisjohnsonshair] 01/8/2019 18:41

Trade war pushing gold up. $2,000 isn't inconceivable again.

[gregpeck7] 01/8/2019 18:35

Mate if rates go above 5 percent there are some pretty serious consequences for the housing market. A 50 percent crash could easily happen. That's why they will prefer a debt jubillee. Obviously won't be called that but it's coming, like they call printing money quantitative easing they will give it some technical name but they need to do a huge reset. Thats why I'm buying gold and investing in miners. It's going to happen. The question is just when. Personally I think it will be when Deutsche bank goes pop. Which it will.

[loganair] 01/8/2019 17:58

House prices will not go down by 50% while the well built house will maintain their value.

[gregpeck7] 01/8/2019 17:51

Exactly, the "savers" will hardly be happy when their house is worth half the previous value but at least they can spend their savings interest....

[loganair] 01/8/2019 17:47

Hearing both sides of the dividend discussion, I hope in 2021 SRB start paying a dividend as it will be a reward for the patient share holders. More money would come into SRB shares, meaning the share price will rise which will also be very good for SRBs larger share holders.

[loganair] 01/8/2019 17:30

Low interest rates and money printing, the money had to go somewhere, over paying ofr shares in the USA and into over paying for houses in the UK.

[ppvn] 01/8/2019 17:25

The problem with that is 10 years of house price increases have been built on the back of low rates.

Also, the Gov't debt may become a little problematic going forward!

Low rates are here to stay unfortunately. If and when they do rise significantly it'll be because everything is blowing up, and not in a good way! Well, apart from gold!

[jeanesy] 01/8/2019 17:25

Its hard to decipher buys from sells today. Hopefully the seller is nearly done. I am not even going to try and predict/ say if that is the case though. I have tried with STCM and been badly burnt !!

[loganair] 01/8/2019 17:20

If I was in the Bank of Englands shoes, I would think outside of the box and raise rates. This would mean savers earn more interest on their saving so have more money to spend in the shops. Bond prices will rise which means pensions are worth more and pension deficits would fall.

The only people who would complain are those in debt, the rest of us would be far better off.

[gregpeck7] 01/8/2019 16:54

ECB cutting and printing, fed cutting , UK will do something, everyone cutting , money printing coming and gold fell. It's recovering today but they don't half mess with it.

[ppvn] 01/8/2019 16:52

Have just seen that they cut rates in Brazil by 50bp (more than expected) so the Real should weaken. Gold up at 5,450 in local currency which is pretty much an all time high.