Serabi Gold Share Discussion Threads

[therealapplegarth] 17/9/2019 05:45

UP YOURS BORIS YOU CVNT ! :)

[therealapplegarth] 17/9/2019 05:45

This is being PUMPED! AVOID! It's well overpriced! DONT GET SPIKED! It's a DOG! if your looking for a multi bagger look at OROSUR MINING! OMI they have NEWMONT onboard and could 10 bag in next 12 months when this dog wont even bag lol

[loganair] 16/9/2019 21:17

Central Bank Musical Chairs Continues…. Until It Can’t by Gerardo Del Real:


I just returned from the 2019 Beaver Creek Precious Metals Summit.

The conference was well attended, with attendance up over 30% and it was clear that capital that has been elsewhere — crypto, cannabis stocks, etc. — is now looking to position itself in the precious metals space.

The sentiment was one of cautious optimism. The good news is that despite a $1,500 gold price, most gold juniors have yet to respond and we’re in the midst of a final pullback that will give the patient amongst you a final opportunity to finalize your gold juniors list.

The ECB has a bazooka ready. Here in the U.S., at least one more and likely two more rate cuts are in the cards. Expect volatility. Expect a lower, then higher gold price pushing the $1,580 mark before an ugly pullback in mid-late September that shakes out remaining weak hands.

I suspect those of us who have seen these cycles before understand that gold moved up too quickly too soon.

Just like there wasn’t a lot of resistance from $1,400 to $1,550, there isn’t much preventing a pullback to the $1,385-$1,400 level that scares weak hands out of the space.

That pullback is underway and despite the coordinated strikes on important Saudi Arabian oil facilities, which knocked out half of the country’s oil capacity, gold needs to pull back to create new support and build the energy needed for the next run higher.

That doesn’t mean the central banks won’t do everything in their power to make sure monetary policy is as accommodative as possible.

Last week, the ECB cut interest rates for the first time since 2016. The new rate? -0.5%.

It also pulled out its “bazooka”; and announced it is restarting its quantitative easing program.

Starting in November it will buy €20bn-worth ($22bn) of bonds a month.

The real story is not the cut, it’s the public criticism leveled at departing ECB president Mario Draghi by Germany’s central bank chief Jens Weidmann.

10 of the 25 members of the ECB governors were against relaunching the quantitative easing program.

Weidmann went on to say:

"This decision to buy more public debt will make it harder for the ECB to exit from this policy. The longer (such policies) last, the more the side effects and financial stability risks of the very expansive monetary policy will grow.”

Dissent is common. Such a public admonishing is not.

Not to be outdone by Draghi, Bank of Japan (BoJ) Governor Haruhiko Kuroda responded to the ECB’s action by reiterating that cutting interest rates further into negative territory is among the bank’s policy options.

Back to the U.S., all eyes are on, you guessed it, the Fed.

The market has priced in a 90% chance that the Federal Reserve will cut rates by a quarter point this week.

The real fun will be watching the talking heads on CNBC pick apart every word hoping to decipher what’s next.

Let me save you some time. The Fed will cut, the BOJ — which also announces its policy decision 12 hours after the Fed — will have to communicate an accommodative stance (at the very least). That’ll be followed by more stimulus from incoming ECB president Christine Lagarde and the game of central bank musical chairs continues…. until it can’t.

[littlepuppi7] 16/9/2019 20:16

Gold has come all the way down from over 1550. Interesting article out today suggesting 1500 area is the new base. I think gold will move forward from here now.

[edjge2] 16/9/2019 19:49

drifted back to 89p with aaz type scenario may still be cheap.
But gold due a drop, perhaps negated by attack on saudi refining.

[kennyp52] 16/9/2019 19:22

www.investopedia.com/terms/s/stockbasher.asp

[littlepuppi7] 16/9/2019 16:14

Gold up 17 now. Looking good.

[ppvn] 16/9/2019 14:35

Things looking pretty rosy here for the moment.

I'm surprised people are selling too but I guess that's been on the back of the recent rise (mainly driven imo by the disappearance of Anker and Garraway).

£50mm market cap. Still laughably small considering the current assets but more to my interest the exploration targets.

The sky is the limit here depending on the drills they are about to launch. And that's just the anomalies west of Sao Chico.

Definitely would urge anyone looking at this share to read fully about it. Forecast eps growth of 208% between 2019 and 2020 is nice ($0.12 in 2019 and $0.25 in 2020) but to my mind the real story is still the potential of these exploration programs.

[littlepuppi7] 16/9/2019 12:57

Trump just launching another tirade at the fed on twitter calling for stimulus.

[tightfist] 16/9/2019 12:50

This was a true "heads-up", SRB seems a pretty compelling story to me - let's hope it gradually turns into reality...... it won't be for lack of due diligence!

[loganair] 16/9/2019 12:04

Initially Brent rose almost 20%, now it is up by around 8%. At the end of the day, I think what has happened in Saudi will cause the price of Brent to increase by only a couple of USD.

What it does say about oil from the Middle East, is that it is not a stable environment and therefore supplies can not always be relied upon. I believe the main beneficiary in the long run will be Russia who can provide stable and reliable oil and gas to its customers.

[littlepuppi7] 16/9/2019 12:00

Finally re rating is starting.. 100p coming now. The sensible money is moving in.

[mick1909] 16/9/2019 12:00

I think long on Brent now The conspiracy theories are coming out that this was a ploy by the Saudis to spike the oil price so that it adds more value on the state owned Aramco IPO offering food for thoughtIt could take months to get back online depends how extensive the fire damage has been?

[qs99] 16/9/2019 11:50

Steady progress

[littlepuppi7] 16/9/2019 11:50

Ps that's what you have seen on Brent this am. Should now have the oath cleared for a rise over 70. Go long Brent now probably not a bad call.

[littlepuppi7] 16/9/2019 11:49

A spike can be very good for taking out resistance levels mate then making a subsequent rise easier. Also takes out shorts in play very efficiently and creates forced buyers.

[loganair] 16/9/2019 11:37

I do not understand why some posters want the price of gold to rush up and spike, will just mean it comes back down again. I much prefer for the price of gold to make a solid base to rise from, then make another solid base to rise from, so on and so on.

[littlepuppi7] 16/9/2019 11:33

Someone just got the hoover out...

[littlepuppi7] 16/9/2019 11:00

10,000 available at 90p from what I can see chaps. Agree Boris if we crack 90p I think the dam will breaks.

[borisjohnsonshair] 16/9/2019 10:58

You won't get change from a quid soon. This will motor through 150p quickly. It's tooooo cheap

[rhuvaal2] 16/9/2019 10:56

tightfist ~ many thanks for the "heads-up" for SRB on the MML board. Pleased to get
20k @ 69p but will look for another buying opportunity

[qs99] 16/9/2019 10:52

Hopefully zoom through £1 this week...GLA

[littlepuppi7] 16/9/2019 10:43

Up we go and only 1 mm at 90p already... is this the next leg up starting?

[littlepuppi7] 16/9/2019 10:32

Agree Logan.. cannot even get 1000 now. Added another 899 myself to round off my holding..

[loganair] 16/9/2019 09:31

It seems to me, it is the traders who are selling as they have made their quick 'Buck' as it were while the investors continue to hold.