Shanta Gold Share Discussion Threads

[338] 17/3/2020 10:14

Any ideas,

Which sector will turnaround first later in next few weeks?

[qs99] 17/3/2020 08:11

OK, but we are now seeing people talking of helicopter money as an option and other inflationary (possibly) measures. By all normal measures that should benefit gold. Likewise even more QE...

[dumbo4] 17/3/2020 08:07

Agree spacebob.I feel that with an 18 month time span for CV we could see a fall to the previous lows around 3500 on the Ftse 100 and all that implies. Still think that the well financed gold companies will be the least bad bet but a fall to $1300 would bring pain across the whole sector. GLA

[nielsc] 16/3/2020 23:05

Gold to silver ratio is 116. That is huge. Should be half that.Markets are pretty choppy at the moment!Take care folks sitting this covid-19 virus out. Cheers,Niels

[space_bob] 16/3/2020 22:46

I agree, get rid of the debt and the hedge and Shanta is golden. Gold is going to soar over the next couple of years. They do seem to get this though, which is a good thing. They need to play hardball over the tax issues. Threaten to mothball the mine and get some cash in quick.

[imnotspartacus] 16/3/2020 22:22

With what's going on at the moment I think Eric should sack off the Barrick deal & stick to paying debt down.

[davethehorse] 16/3/2020 22:21

Oh dear oh dear....

[space_bob] 16/3/2020 20:41

I expect to see it rise strongly in the second half of the year, but think it could go as low as $1300 before then. The markets have a lot lower to go and they'll take gold with it.

[qs99] 16/3/2020 20:10

interesting outlook DYOR

[trader365] 16/3/2020 17:22

The frenzied media reporting to topple the markets is the tool being used, not the lock downs.

If you look at the official figures instead of the news channels you'll see the real picture.

[jc2706] 16/3/2020 17:15

Trader365,

I'm embarrassed for you!

[space_bob] 16/3/2020 17:05

What a ridiculous statement. So regions of China, Italy and Iran are being locked down all as part of a cunning plan to oust Trump?

[trader365] 16/3/2020 16:53

There's far too much media hype over the virus, its being used as a leaver to oust Trump in the election

[c0lin1] 16/3/2020 16:45

Lombardy reports smallest jump in new cases since beginning of outbreak

[jc2706] 16/3/2020 16:40

Space_bob,

You clearly missed my point which was that the public health professionals were bandying around 100k deaths as a possibility for swine flu whereas the outcome was a couple of hundred. I am not saying that this will be the same this time but it indicates that they are not infallible.

By my calculations we are a couple of weeks or so behind Italy since we are going down this path but the Italian mortality rate appears to be abnormally high compared with anyone else in the world (other than Iran). Mind you, I am struggling to understand the mortality rate in some countries (such as Germany and the Nordics). There it is abnormally low. I am struggling owing to a lack of data.

[redhill] 16/3/2020 16:34

Good to see Gold bouncing back up again. It's a mystery to me why it has fallen so much with it being a supposed safe haven.

[chestnuts] 16/3/2020 16:18

shield

Fair point,

[shieldbug] 16/3/2020 16:14

JC2706 - doubt this is panic - this is what happens when you trade on margin and it all goes wrong. Its necessity not panic.

[chestnuts] 16/3/2020 16:09

space

Boris could have easily chosen the quarantine way of doing things If you read up on panademic the virus usually comes in 3 waves so could take along time to control the virus and with the elderly decimated and you could have 5% of the population die, instead he is trying to save as many people as he can by isolating the elderly and letting the virus run its course, this way means hopefully less deaths but a big impact on our every day lives for 5 months or so, but it will impact tourism ie if you have never had Corona and you get it abroad then you wont have insurance.

[trader365] 16/3/2020 16:06

400 deaths a day in Italy? The army cremating members of the public??

You must be a daily mail reader?

[space_bob] 16/3/2020 15:26

JC I don't think you're paying attention to this crisis. Italy alone is seeing almost 400 deaths a day - I can 100% guarantee to you that is what we will be seeing here in less than a month. The big problem is the very high rates of hospitalisation, which will basically make the NHS fall over so that even survivable cases lead to deaths.
This is not swine flu! Though a fair point to make is that the vast vast majority of people will be fine and even those who die, would in many cases died of flu in the next few years, so we'll probably see low flu deaths for a few years.
Doesn't change the fact that we're likely to see the army cremating members of the public in the very near future. When we're at that point the markets will probably be around the bottom. Long way to go yet unfortunately.

[coachsailor] 16/3/2020 14:15

All the advice was to wait until it bottoms. But how do you know when
it has. Finally tempted again and took another 50,000 at 6.711

[jc2706] 16/3/2020 13:43

The drop here is ridiculous but just indicates how people are panicking and moving to cash.