Serabi Gold Share Discussion Threads

[loganair] 12/9/2019 09:59

I think if the ECB comes out with massive bond buying programme could initially be negative for the price of Gold and push down Euro bonds more into negative territory which will inflate asset prices even further, inflate the price of stocks even further.

Once the QE is found not to be working again and even become damaging to the Euro zone economies this is when I see the price of gold will resume its upward momentum and could happen very quickly.

[jswjsw] 12/9/2019 09:40

Gold breakout...

j

[littlepuppi7] 12/9/2019 09:36

Yes in a normal recession re oil it should go down but because of the inflationary effect of the mass money printing less predictable. Personally I would not be investing in fossil fuels though to any large degree as technology will be the death of them sooner or later.

[littlepuppi7] 12/9/2019 09:35

Yes I do although how it will move is less predictable. I did at one stage have 96 bitcoins as I mined it at an early stage. Sold out at around 300 dollars which I thought was great.. so bitcoin is a painful subject for me!

[mick1909] 12/9/2019 09:35

Also off topic where do you see the price of oil heading?Usually in recession it goes down

[mick1909] 12/9/2019 09:32

Thanks for reply do you see cryptocurrency benefiting as all the printing of paper money is out of control? As the amount of bitcoin is a set amount?

[littlepuppi7] 12/9/2019 09:09

I think there is still a general misninformation type expectation out there, pumped by the media that governments repay debt. They don't, they just issue more. Soon this illusion will explode as the numbers have got too big.

[littlepuppi7] 12/9/2019 09:08

It's not the economy it's the debt. Us alone now has almost 20 trillion of debt. That will not be paid back I'm telling you...

[simba_] 12/9/2019 09:01

I kind of agree with this but timeframe is key here. A large enough dose of QE from CBs could allow the kicking of the can for a considerable period. Also, if econ data isn't as bad as expected or start to pick up, its onwards we go..What happens with the dollar and bond yields also important.

[littlepuppi7] 12/9/2019 08:43

Mick I think we are about to enter the final bull equity market, powered by a larger than ever dose of qe. This will see equities and gold rise together, which is unusual. We will then see a crash of some sort and gold will continue to rise strongly but equity will fall. Money will be totally debased by this move as we all call it qe, but let's call it what it really is, printing money. There will be some sort of debt jubilee in the west as there is no other politically stomachable way out of this mess and again gold will benefit. I really think 3 to 5000 usd per ounce is on its way.

[loganair] 12/9/2019 08:39

I think the price of gold will depend of what the ECB does or does not do today.

[mick1909] 12/9/2019 08:34

A question for the more knowledgeable people out there as people have been alluding to another round of quantitative easing would this get filtered into the stock market? So in theory still could get higher highs in the ftse and Dow?

[littlepuppi7] 12/9/2019 08:31

Agree, the further expiration results could really be eye popping. Remember Corninga has already been revised up by around 40 percent based on the initial purchase expectations.

[littlepuppi7] 12/9/2019 08:27

Mike presenting this am as well.

[borisjohnsonshair] 12/9/2019 08:21

Gold bounced off resistance. It's now off to the races.

[borisjohnsonshair] 12/9/2019 08:05

I'm gobsmacked about the price / MCAP and lack of volume.

[borisjohnsonshair] 12/9/2019 07:39

Miners shin dig starts today.

[littlepuppi7] 11/9/2019 21:40

Agree and gold coming back nicely. Seems to have found support here.. be nice to love back on now...

[ppvn] 11/9/2019 16:07

The breather here may prove to be short lived...

[millwallfan] 11/9/2019 15:12

Let’s not get too carried away - prudence is the watchword in all accounting principles - so I would be over the moon if we reach let’s say 90koz production pa, AISC $900 PoG $1900 and even a pe of 6 given relatively limited life of mine. The cherry would then be the results of further explorations. I’m sweating already as this could pay my mortgage off in 2-3 years time lol

[littlepuppi7] 11/9/2019 14:09

I think all of these numbers are low but time will tell... I see a base price of well over 3000 once qe4 is underway.

[loganair] 11/9/2019 13:46

I've heard and read that in the next bull run in gold, the price of gold may peak as high as $2,500 per oz.

If this is the case, how long will the peak last for, a few days, a few weeks or a few months?

[ppvn] 11/9/2019 13:42

My thoughts entirely! And I dont necessarily think beyond the realms of possibility.

Hope it does...

[millwallfan] 11/9/2019 13:25

Wow. If those projections are anywhere near correct then if SRB can get to full production by ye 2020 with an AISC circa $900 then even if gold achieves $1,900 at 100,000 oz production and a conservative p/e of 8 one does not have to be a mathematical genius to work out where the share price might be even allowing for a small amount of dilution should they not be able to secure loans at sensible interest rate. A price at full production in excess of $10 is not beyond the realms of possibility. Surely if gold does continue to rise the best way forward would be to advance mine investment to increase production levels as quickly as possible to take advantage of the peak gold price period before the next cyclical fall.

[paleje] 11/9/2019 08:40

Long term gold article per today's Times:-

Gold price could climb ‘beyond $2,000 an ounce’
Patrick Hosking, Financial Editor
September 11 2019, 12:01am,
The Times
Banking
Investment
Europe
Russia
Asia
Gold is seen as the ultimate safe-haven asset
Gold is seen as the ultimate safe-haven asset
PAUL J. RICHARDS/GETTY IMAGES
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The gold price could push past its all-time record and progress beyond $2,000 an ounce over the next three years, according to Citigroup.

The prospects for gold were strong because of political uncertainties, recession risk and the expectation that global interest rates are going lower for longer, the American investment bank said in a note to clients. It also pointed to strong buying of gold by central banks. Aakash Doshi, a Citi analyst, said in his most bullish scenario that the spot price could reach $2,150 by the end of 2022.

Gold is seen as the ultimate safe-haven asset. However, it yields nothing and is costly to insure and store. At present at $1,497 an ounce, it hit an all-time high of $1,918 in August 2011. It fell to as low as $1,060 in December 2015. Since May it has been on a tear, soaring from $1,275 to $1,550 before drifting lower.

China’s central bank has bought $4.8 billion of gold in the past nine months as it seeks to diversify away from its dependence on dollar reserves. Russia has also been a buyer.