Solgold Share Discussion Threads

[mam fach] 24/3/2020 11:11

Pleasing to see none the less.
Market on the whole been grim to say the least.

[mknight] 24/3/2020 09:13

About a pound would be better.

[lowtrawler] 24/3/2020 08:38

Except it's not actually gone anywhere, the shift is simply because of the spread. I've seen a few prices like this in recent weeks and it simply means the MMs have no idea how to price it.

[mknight] 24/3/2020 08:23

Well it will atleast stop the traders .just gone from 10 percent down to 10 per cent up in 1 3000 trade .

Looks like news before FRIDAY

Gold back to 1614

[plentymorefish] 24/3/2020 08:21

One might be margarine and the other might be butter?!.....

[mknight] 24/3/2020 08:20

How can you have a spread from 11 to 13

[mknight] 23/3/2020 18:22

When the virus stats start coming down would be my opinión

Italy down to 8.1 % today in new cases
If it keeps going down people will see there is an end in site and lock downs are the way forward . Imo

[lefrene] 23/3/2020 17:05

Plainly we all have our views. I'm wondering how long it will take for the virus to abate once the FED and Senate have managed to stop the DOW/S&P500 from plunging?

Presumably the $ trillions they are throwing at the self induced problem will at some point put the brakes on, at least it this deluge of fiat should move gold upwards.

[mknight] 23/3/2020 08:46

The spread of the virus is so quick that
If we did not shut down . The virus would shut us all down . Hospitals and Nhs are stuggling with the numbers already can you imagine what would happen without a shut down ?

The italians numbers are showing a percentage drop in the last 2 days if this continues then it shows lockdowns work the same as in China we might just be ready to go back outside sometime in May .

Of course the only way to stop it 100 % is to fund a cure .

[lowtrawler] 23/3/2020 08:37

I don't share the same conspiracy theory as Lefrene but I do wonder what governments are expecting to achieve from the current shutdownThe virus probably began with 1 individual in China and has spread from there. Thus, to avoid a repeat, the shutdown will need to continue until nobody on the planet has it or a vaccine has been developed. There can be no guarantee a vaccine will ever be developed and it is impossible to ensure everyone on the planet is virus free.At some point, the shutdown needs to end and it will have likely achieved nothing other than to slow down the spread.

[mknight] 22/3/2020 10:41

Lefrene

Imho its going to be somewhat longer .

Cases in the UK will probably peak around 400.000 cases .

Italy went into lockdown first so they along with Spain should come out of it first .Spain have 25.000 cases if my maths are right i would expect 65.000 cases by Friday .

All eyes on italy with 52000 cases yesterday . I expect 95.000 cases by friday .

Anything less and we are on the right track .

And imho its not a nasty case of flu

[loganair] 22/3/2020 09:57

Many Chinese companies only have about 25% of their workforce back at work.

After seeing no new coronavirus cases for about a week, yesterday Hong Kong say they saw 46 new cases and are therefore on Monday reintroducing all the restrictions that were lifted last week.

[lefrene] 22/3/2020 09:27

mnight, If the governments don't help then I guess a good many will close down. Those that have healthy finances could stockpile for a few months. China seems to be cranking back up, and others will follow but with the consumers discouraged from going out and about it's likely that demand for consumer goods has fallen off a cliff. Although a lot of stuff is bought on line people mostly want to go out and check what the fridge/cooker/washing machine actually looks like in the metal.
Presumably there will be a sharp increase in demand as this flu scare comes off the boil perhaps six to eight weeks from now?

I'm just waiting to see how long it takes to see the price of gold to react to the blizzard of created money flooding the system.

[lefrene] 22/3/2020 09:17

367 cases and 5 deaths from a population of 17.4 million. Perhaps you'd like to post the link? But don't bother you're filtered.

[book5] 22/3/2020 08:23

Reutrrs;Cofonaviruz raping in Ecusdor

[mknight] 20/3/2020 18:03

Lefrene

Cannot get insurance on corona virus .

There Will be a shortage of copper when people have to stop working . No demand either it has to be said .

[lefrene] 20/3/2020 17:37

There must be some marginal copper mines sweating over current prices? Perhaps a shut down for a while blaming the bug scare as force majeure, and claiming insurance might work as a ruse to keep going a little longer? When the enforced hiatus is over perhaps there will be a pent up surge in demand for domestic equipment, and the copper price will respond accordingly?

[dozyduck] 20/3/2020 17:34

PG - the figures year by year are tucked somewhere in the PEa I think.

[pogbug] 20/3/2020 17:23

most of the gold is in the high grade core so it looks like the first ten years can be financed easily almost as a gold mine with a copper credit at current prices more like fifty fifty.

[dozyduck] 20/3/2020 16:50

RP. The 'extra' value of gold at Alpala from any gold price rise can be worked out from the PEA. It shows (over the 'fast' scenario - extracted over 55 yrs FGS !) - at then prices (gold $1,300/oz; copper $7,268/tonne) that gold only contributes 22% of total revenue.

At current prices (gold $1,650, copper at $5,050 70% down on assumed) it becomes 1/3rd of total revenue which is 18% lower than in the PEA.

And even if gold doubled to $3,300/oz it would account for only just over 50% of total revenue which would be 10% more than in the PEA.

So it's copper wot counts unfortunately Squire !, and the gold can't be got out without the cost of also getting out the copper !

Not wishing to bash for bashings sake (Solg is my 2nd biggest holding) But its as well to be realistic.

But I don't mind if higher gold tempts in those who don't know that !

[lefrene] 20/3/2020 16:09

Erm, "skeleton staff", are there not something like 700 locals on the payroll?

But indeed there is no expensive equipment bought with borrowed millions lying idle, and at some point all the fiat currency being pumped into the pockets of the major USA Banks will be looking for inflation proof safety, which has to be good for gold especially given anecdotes that demand for physical gold in the real world far exceeds what is currently available. One wonders for how long a lid can be kept on the 'paper gold' market? As always of course, things take longer than one could ever imagine. Perhaps the trillions gifted to the likes of JP Morgan will instead be used to short gold in order to prop up a debauched dollar? (is that the deal?)

[arcadian] 20/3/2020 13:49

I hope so. He needs something to show for the last ten years.

This from above was 2010

[arcadian] 20/3/2020 13:49

I hope so. He needs something to show for the last ten years.

This from above was 2010