Shanta Gold Share Discussion Threads

[chestnuts] 16/3/2020 12:48

jc2706

Prepare for the worst and except any thing better

[jc2706] 16/3/2020 10:17

These kind of events bring out the best and worst in people. Judging by his posts, space_bob is the latter category.

[space_bob] 16/3/2020 10:07

Not fake news jasper, that figure is from Public Health England. Also in same document, 8 million will need to be hospitalised (which isn't possible). This is serious business.
I'm in on Shanta at 4p now. 4-6 weeks I reckon.

[jasper2712] 16/3/2020 10:01

"500k deaths expected over the next few months"
Where are you getting this fake news from. You really have to stop reading the Daily Mail.
How many deaths were recorded in China since this outbreak? Why should we have 500000??

[qs99] 16/3/2020 08:22

when will margin calls end and Gold Price be allowed to rise again? Effective negative interest rates now approaching the "norm" so where to go for a "safe" haven? $ weakness should also help DYOR

[nielsc] 16/3/2020 08:17

Gold silver ratio 109 ! Is that a new record. Are the cartel trying to drag the gold price down via the silver price?Cheers,Niels

[chestnuts] 15/3/2020 23:31

The dow tonite rose 900pts on the news then dropped back to where it came from and dropped 867pts

Gold went up 45pts then dropped back to just 15pts but is rising again

The GBP only went up 2cents

The biggest problem is they have no where to go from now they have thrown the baby out as well

[space_bob] 15/3/2020 23:06

I think we're going to see record drops again tomorrow, with the same knock on effect on gold that we've seen - followed by several more drops over the coming weeks. I doubted chestnuts 6p prediction just a few days ago, but now I think that's probably a realistic level.
I was looking at International Airlines Group shares today - it looks like they've seen a massive drop over a few weeks, but they'd also seen a ridiculous massive rise since December. So they're only down around 10% on where they were 4 months ago. And yet their whole business is now effectively closed down for several months!
I think we're in a 2008 situation here. The markets have much further to fall.

[338] 15/3/2020 21:56

Federal Reserve cuts rates to zero to support economy during coronavirus pandemic

New York (CNN Business)In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday announced it would cut its target interest rate to zero.

In addition to rate cuts, the Fed also said it would purchase another $700 billion worth of Treasury bonds and mortgage-backed securities. It also struck a deal with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank to lower their rates on currency swaps to keep the financial markets functioning normally.

[redhill] 15/3/2020 21:15

Italy has a high elderly population and you would expect a much higher fatality rate in that country sadly.

[imnotspartacus] 15/3/2020 20:35

Italy 368 new deaths today, wow!

[chestnuts] 15/3/2020 11:10

trader

well done on being right but it takes a bigger man to not gloat, after all we are all in this together, and with the governments plan that 500k deaths expected over the next few months, the time is to pull together rather than tear each other apart

[jc2706] 15/3/2020 09:27

I would suggest that his silence is a good opportunity to let it drop rather than gloat.

[trader365] 15/3/2020 02:43

338 is very quiet, he's probably in the bathroom cleaning the egg off his face.

[jc2706] 14/3/2020 09:57

It's not a bad call nielsc. Gold is a very technically driven asset I have found so put that style of movement into technical supports and that is probably as good a guess as any.

[nielsc] 14/3/2020 07:55

Looking at the timeline of the 2008 Lehman crash with respect to the gold price15/9/08 $77517% over 3 weeks8/10/08 $910-22% over 5 weeks12/11/08 $71140% over 3 months20/2/09 $992168% in under 2 years from $71121/8/11 $1907=======================If we follow a similar timeline now starting from 4th Jan - hard to say exactly when covid-19 started having an effect on the stock markets.4/2/20 $1554 9% over 4 weeks8/3/20 $1700Possibly -22% over next 5 weeks15/4/20 $1326Possibly 40% over next 3 months15/7/20 $1856A total 168% from the low in under 2 years15/4/22 $3533So perhaps more downside for gold. It is a pattern so it is hard to say when gold may take off - may be next week or in a month or 2.Cheers,Niels

[jasper2712] 13/3/2020 19:16

If it is going to get as bad as that then you will need a barrow load of cash just to buy a toilet roll!
Lemmings spring to mind.

[chestnuts] 13/3/2020 17:42

space

Welcome to the club, i have the Dow going to 7000 ish and the ftse about 2500 ish

But remember to take cash out just in case the banks go completely as the markets crash

[jc2706] 13/3/2020 16:44

Gold absolutely smashed again today. Not real gold of course but the paper kind that the Americans trade. Still, getting closer to the hedge!

[jc2706] 13/3/2020 16:16

Nobody is going to criticise you for that space_bob. Good luck with whatever you choose to do in the future.

[space_bob] 13/3/2020 15:54

Well I've bottled it and sold everything today apart from very 2 small holdings. This situation is escalating fast and they'll be 2 days of news to hit the market on Monday and exponentially worse news every day from there.

The sombrero is on it's way - schools closed, leisure industry closed, public transport closed, tourism closed, panic buying, NHS meltdown. Whole sectors of the economy are effectively out of business for a few months.

Shanta will be the first one I go back into, but in my opinion the markets are going to be hit even harder than what we've seen and gold will go down with it at least initially.

I could be very wrong and although I would miss out on gains, I hope I am - but it's really not looking good.

[alangriffbang] 13/3/2020 13:32

SHANTA AGM next Friday ,

[trader365] 13/3/2020 11:46

No, I'm not one for chart patterns. I follow price direction through indicators and averages

[chestnuts] 13/3/2020 11:28

Trader did you notice the large triangle shg fell out of and now its gone back to test support before it continues its rd south, the centre of the triangle is where we are now.