Trans-siberian Gold Share Discussion Threads

[breaktwister] 11/8/2020 16:45

Added here today

[philby1] 11/8/2020 16:40

Just a long expected correction after the recent meteoric rise. May go lower still but will recover and set new highs in the medium term imo. I've added to my CEY and AAU this afternoon.

[32campomar] 11/8/2020 13:57

Big move in gold now down $60

[corrientes] 11/8/2020 11:44

A few countries claiming to have working vaccines,or close to production, but the paper money problem isn't going away soon, and that's far more important, IMO.

[32campomar] 11/8/2020 10:19

Russia claiming it now has a working vaccine might be adding to risk off trades & putting pressure on gold

[corrientes] 11/8/2020 10:13

Well I was wrong there. Typical, bit not just TSG, prices rise reluctantly on high volume, but with the excuse of a reaction in gold ,fall fairly sharply on much lower volumes.

Then again, the MM's are in business to make money, whatever the prospects, so maybe not so surprising.

[jeanesy] 11/8/2020 09:45

Can now top up below 100p again. I think it will go lower short term.

[corrientes] 11/8/2020 07:52

and what's the betting that this will have little or no effect on PM stocks ? I've even seen them go up sometimes in this situation because the serious money was waiting for the expected pullback.

[32campomar] 11/8/2020 07:33

Quite a sell off in gold & silver overnight

[klosters65] 10/8/2020 15:34

Gold going up and buyers appear. The sensitivity of the share price very noticeable.

[corrientes] 09/8/2020 16:36

In my experience, until I've seen a bit of profit taking in gold or a sharp reaction to ever increasing highs, only then will you see an improvement in the share price, but that might just be in my imagination.

[jeanesy] 08/8/2020 11:40

As well as there still being evidence for our seller this week , i also see evidence of there being a buyer too. I'm expecting the price of gold taking a bit of a breather this week but the trend here is still a positive one .

[pensionbull] 06/8/2020 14:35

Sold HGM and started buying in here. I had a look at others but decided TSG.....

[rhuvaal2] 06/8/2020 12:07

I have a full weighting here, been in for years and now @ nil carry cost: also an ex HGM holder. Belt and braces have Q a bit of physical gold n' silver too

[corrientes] 06/8/2020 09:05

In a crisis such as at the present time,can gold ever hope to avoid volatility i ask myself.

Nice to see an HGM holder or ex holder showing an interest here.

[zangdook] 06/8/2020 08:15

That sounds like a conspiracy to me.

[corrientes] 06/8/2020 07:16

I did put 'LOL' , but thanks for the info.

[breaktwister] 05/8/2020 22:42

It's not a conspiracy. There is a document relating to the creation of the Chicago gold futures market in the 70s and part of the rationale was to make gold an unattractive investment due to increase in price volatility. You should be able to find the document if you search hard enough.

[jeanesy] 05/8/2020 20:42

I am very happy for this to go up slowly . It is clear that the selling is being controlled . It gives us all a chance to add more if we want on 'down' days. The trend is still upwards and that is what matters imo.

[corrientes] 05/8/2020 19:29

In fairness, apart from the mega gold companies, you might be forgiven for thinking that the metals frenzy was having no significant eye catching effect on UK miners when it is obvious that quite a few of the medium sized companies should be
showing considerably higher share prices, if you look at the effect of a much increased gold price on future profits. They can't all be pricing in concerns about poor production results some time in the future.

Many moons ago, I used to think that there was a conspiracy to stop the public ever buying anything gold related, because it would have a detrimental effect on fiat currency, its deadly enemy, and the MM's had been instructed to supress any enthusiasm for gold. LOL.

My personal bet is that when the financial press start to make a big thing about that 'barbaric relic from the past' and these younger writers probably have had little or no experience of the metal (it doesn't have a yield, it's so old fashioned, bit coin is the way to go etc etc.), then at that point you'll see the sluice gates open. Historically, if you're looking at seasonality, September is a good bet when this might happen for international reasons. Good explorers would also come into their own instead of investors being overtly concerned about production not starting almost immediately, so having to contend with huge share price discounts

Until then, impatience is the biggest enemy, believing that if it can't happen now with the present gold price, it can never happen. A good time to stock up though. IMO.

I'd be interested to know other people's opinions.

[32campomar] 05/8/2020 17:16

There's our seller again holding it back. Very frustrating

[jeanesy] 05/8/2020 16:21

At some point there will be a catch up. Still we are moving higher and that is the main thing.

[corrientes] 05/8/2020 16:08

Really ! You could have fooled me.

[inthemix] 05/8/2020 15:58

Metals absolutely flying still.