Trans-siberian Gold Share Discussion Threads

[bernymadoff] 27/2/2020 16:05

Something's going on here. Sp is rising on sells. Usually a sign that a big background buy order is being filled.

[bernymadoff] 27/2/2020 14:35

Gold looks like its about to go on another run

[bernymadoff] 27/2/2020 13:51

All of us should hope Coronavirus passes quickly only because it's a threat to human health and life. The effect on our investments is of much lesser importance.

[creme de menthe] 27/2/2020 13:39

Markets traders love this kind of action. People far cleverer than I short on the way down and make a mint on the way back up. I think if you look at gold miners today they are 1% down (in my portfolio anyway) whereas easyjet is down 8%.
They are falling but not by as much as other sectors.
Gold should rally when the dollar falls as the virus hits the US.
However it may well be the case that stocks regain much of the losses by Christmas.More global money pumping should re-inflate the stockmarkets.
My portfolio is down around 5% but that is definitely a stronger performance than the ftse.

[casual47] 27/2/2020 13:14

Always good to read outside of your echo chamber.

There are various reasons for which you could argue that TSG is undervalued.

"Because Coronavirus" is not one of them.

All of us who hold gold miners should hope that the Corona virus problem gets resolved quickly because if there is a major market sell off then all equities and *especially* miners will get hit hard.

[zangdook] 27/2/2020 13:14

look at charts over 2008-9

[bernymadoff] 27/2/2020 13:11

Well that runs contrary to everything else I've been reading.

[casual47] 27/2/2020 12:53

I work it out because that is what has always happened. Gold is a hedge against risk, miners are very much not a hedge against risk. Miners clearly benefit from higher gold prices but that doesn't make them immune from wider turmoil and "spooking of the market".

[bernymadoff] 27/2/2020 12:50

How do you work that out? If the POG rises so does the value of producers. Are you saying you want people to buy into gold producers when the equity markets are buoyant and the POG is dropping?

[casual47] 27/2/2020 12:45

If Corona is spooking "the market" then miners are part of that. Miners are equities and they are among the most risky/speculative equities, so will most likely be among the ones to get hit hardest if there is to be a stock market wide sell off.

[bernymadoff] 27/2/2020 12:41

I'd have thought producers were an excellent hedge against the backdrop of a rising POG. But then again wtfdik?

[casual47] 27/2/2020 12:33

Gold miners are not a hedge against risk. A flight of capital out of equities and into gold/cash will also affect miners.

[bernymadoff] 27/2/2020 12:28

Really don't understand why people aren't wading in here. Corona Virus fears are spooking the market. Capital is moving to safety in gold. Gold price is rocketing. And gold producers are literally making money hand over fist. And TSG is still very much near 52-wk lows.

[bernymadoff] 26/2/2020 23:13

Goldman Sachs just raised its 3-month gold forecast to $1800. The bank raised its 12-month projection by $200, and said “in the event that the virus effect spreads to Q2, we could see gold top $1800/oz already on a 3-month basis.”

And people were panic selling today!

[book5] 26/2/2020 11:21

Many thanks

That should put a floor under the sp

[bignads] 26/2/2020 11:18

It bought back 20% of its shares last autumn at 33p - pretty good business.

[book5] 26/2/2020 11:13

It would be good If the company has cash to buy back shares, does it?

[book5] 26/2/2020 10:56

Last recession I bought a gold miner’s share cheaper than the cash per share it had in the bank
eventually I made money
So, it could go as lower as to match buyers bid, it could be much much lower, we don’t know about forced sellers
Imho in the long term the Offer does not determine the price

[creme de menthe] 26/2/2020 10:41

I cannot understand the panic, although fear feeds on fear.
Cancer has a global mortality rate of 10%-90% depending where you are and what type, yet people are prepared to breathe in smog (no anti smog riots as far as I know) and smoke themselves to death for example.
Yet something akin to flu has has countries closing down and people rushing for cover.

Its a mad world out there.

[bignads] 26/2/2020 10:04

Fully agree - everyone has been selling which is crazy - TSG will be getting near twice the profit per oz at the moment that it was getting in the summer.

[bernymadoff] 26/2/2020 09:39

Perfect time to buy. Gold price is soaring. Sp near 52-wk lows. Absolute no brainer

[corrientes] 26/2/2020 08:44

Think longer term.Emotion is about the worst thing to challenge investors.

[book5] 26/2/2020 06:24

Sucked in after following friend advise, no good

In the positive side , it pays dividends,

Gla