Shanta Gold Share Discussion Threads

[jasper2712] 26/2/2020 09:44

"has a mortality rate a hundred or more times higher than influenza."
Where is this coming from? Flu kills more people EVERY year compared to this virus. If the media were to report on flu outbreaks around the world with the same vigour then we would all be running for our Hazchem suits. It is mass panic that we are seeing. Masks are ineffective but everyone has to have one. If you are fit and healthy there should be no problem. Even when told this the media has whipped it up into a frenzy and it could be driven by market forces.

[338] 26/2/2020 08:23

Coronavirus: Mastercard cuts revenue outlook on travel and commerce virus hit –

It can be massive, perhaps in billions of US Dollar

[jc2706] 26/2/2020 08:22

Personally I never watch Bloomberg.

If you dismiss the potential impact of COVID-19 then you are fooling yourself. It appears to be significantly more infectious than SARS or MERS and has a mortality rate a hundred or more times higher than influenza. If those facts play out across the population you are talking about a significant number of deaths.

Actions can obviously be taken to attempt to mitigate the impact but those actions themselves will impact the real economy.

[338] 26/2/2020 07:37

Loose monetary policies, reckless money printing and quantitative easing will be intensified to revive economic growth post coronavirus outbreak.

However, we witness that most developed economies have never emerged from the ultra-low (or negative rate) environment since the 2008 global financial crisis.


“Gold thrives in that sort of environment"

Shanta's profit margin keeps rising in line with higher average gold selling price and better efficiency 👍

[trader365] 25/2/2020 23:41

I see $2000 gold in the next 2 years but volatility is increasing and a pullback is inevitable, the only thing we don't know is how deep the pullback will be and how long it will last.

Note this from your post...

"There is no known coronavirus outbreak in the office"

I reiterate: storm in a teacup, Bloomberg is front running his army of sheep again.

Do you think he made $60b from a website and a TV channel? Not a chance!

Front running his news broadcasts is where he made the money, the sheep are believing the stories and doing as they are told to do

[338] 25/2/2020 23:34

Impact to airlines and global tourism is massive, which will hit service industry badly in Q1 2020... can trigger recession if extended to Q2



The news is the latest example of how the coronavirus is disrupting businesses around the world. In recent days, Apple (AAPL) has warned of iPhone shortages, Coca-Cola (KO)said its supply chain is under pressure and United Airlines (UAL)said demand for flights to Asia has plunged.

[338] 25/2/2020 23:26

New York (CNN Business)Chevron instructed its workers at its London office to work from home Tuesday after an employee experiencing flu-like symptoms was tested for coronavirus, a person familiar with the matter told CNN Business.

In an abundance of caution, employees at the office located in London's Canary Wharf business hub have been told to work remotely until results from that test are known, the person said. There is no known coronavirus outbreak in the office.
The Westferry Circus office is home to several hundred Chevron (CVX) employees, including commodity traders, shipping experts and lawyers.

[338] 25/2/2020 23:22

PoG will test $1620 or could be $1600 then going back upwards, I think

Ultimately $1730 - $1790 next month 🚀

[338] 25/2/2020 23:17

trader 365, I am talking about cash in billions £, $, ¥, €, being held by big players and central banks etc... Not cash belongs to small retailers

The impact of coronavirus is massive to world gdp and stock markets, no doubt about it.

[trader365] 25/2/2020 23:05

338 I agree gold will be adjusted upwards to align with the new printed money. Thats exactly why gold started rising early 2019 (nothing to do with coronathingy). But, if the market crashes gold will drop. Cash will be the place to be until gold starts to rise again.

Try going to Tesco and paying for your shopping with a nugget or ingot and expecting change in nuggets or ingots. Cash is the short term place to be

[trader365] 25/2/2020 22:55

chestnuts - It's only a problem if you blindly follow Michael Bloomberg's TV station.

Flu in Italy is far more dangerous than coranavirus...

"Since the start of flu season in October 2019, 2,768,000 cases across the country have been confirmed by laboratory tests, according to data from InfluNet published on January 19.

A total of 488,000 cases were reported last week alone, signalling that flu season is hitting its peak in January as predicted.

240 deaths have so far been reported, slightly lower than the expected 258. Most of the fatal cases are elderly patients who suffered complications after contracting the virus."

[338] 25/2/2020 22:48

traders 365,

Options to put money:
1. Major markets - dropping (awaiting for more stimulus from central banks)
2. Cash - negative rates
3. Gold - no interest but not negative, eventually must be adjusted upwards to align with new printed money and global world debt

[chestnuts] 25/2/2020 21:14

trader

corona virus in Italy as a 5% mortality rate that is a big problem

[trader365] 25/2/2020 21:10

The coronavirus isn't the problem, it's been used by the media to trigger a fall in a naturally overvalued market with declining economic data. Micheal Bloomberg has made a fortune from front running markets and influencing Bloomberg TV followers through the intense coronavirus coverage.

In 6 months the coronavirus will be forgotten about and the focus will be on the economic data

Bloomberg is running for president so it's in his interest to trigger a drop the market which will slap trump in the face

[chestnuts] 25/2/2020 20:46

trader

You are right about the markets and 2008, but maybe this time people will lose confidence in the USA$ this time as well especially if virus goes through the USA like other countries

[trader365] 25/2/2020 20:25

Why do you think gold will rise if financial markets crash? Take a look back at the gold chart during the 2008 recession, and also the 2008 charts of gold and PM miners. Everything will go down. Look at the big drops in USA gold miners today.

[338] 25/2/2020 20:06

Bad news from almost all industrial sectors... Gold is the right place to preserve your wealth at the moment


The Richmond Fed manufacturing index saw a major drop in February, diving from 20 points to -2 vs. 10 points expected.

[redhill] 25/2/2020 16:26

Market makers trying to cover all the stock they are short on !
They have brought all the goldies back down.

[338] 25/2/2020 15:29

very good entry or re-entry for SHG, I think👍

[chestnuts] 25/2/2020 11:43

The day will come where every one will ask for delivery, and when they fail and start giving out US$ which they can gold will fly and i am sure it will happen sometime.

[338] 25/2/2020 11:24

be patient! PoG will beat USD meaning hit $2000 per oz in 2020 or early next year

[jc2706] 25/2/2020 10:17

But what does 'beaten' mean? Gold ran up from $260 to $1900 an ounce from 2000 to 2011, back down to just over $1000 in 2015 and then up to almost $1700 now. Who was 'beaten'?

[redhill] 25/2/2020 08:52

They may be this time. Gold bouncing back up !

[juju44] 25/2/2020 08:39

Been hearing that for years . They can't be beaten