Taddish
16 Jan 2015
Re: Gold price You back in yet CNS?Gold now $1277Tad
CastNoShadow
16 Jan 2015
Gold price Confirmed it's inverse head and shoulders this week. Suggests a price of $1,350!
Taddish
15 Jan 2015
2014 performance Q4 and FY 2014 production figures should be released over the next few days. Expect a fairly comprehensive summary. 2014 financials not likely until April, but there should be enough in the production report to guide up to current quarterly financial numbers and project 2015. The fact that there's been heavy director buying in the last 3 month is pretty reassuring, so I expect good news.Tad
IOMINVESTCOM
15 Jan 2015
Interesting price movement since January Hi All,Took a closer look at the SHG share chart over a long term and short term and I am encouraged by the share price performance since the turn of the new year.It has now broken the long term downtrend and is about to test the 200 ema of around 11.45p. All the underlying signals like MACD, RSI & slow STOCH are looking good. Also for the first time in a year the share price has closed above the downtrend cloud.Fingers crossed we see decent buying volume at the 200 emaGLTA
Taddish
15 Jan 2015
Re: Am I alone? Yes Happy New Year indeed CNS.Maybe the Russians should demand payment in gold for their oil & gas exports?Plenty of scope for the global currency war to escalate eh?Good thinking about Central Bank purchases of gold. what a good idea!!!!PoG now nearly 3% up on the day.Tad
CastNoShadow
15 Jan 2015
Re: Am I alone? Hi Tad, happy new year.I was thinking the same about EU equities and the even hinted they may buy gold with their QE program. If you think about it, it's a great way of hedging the damage you are doing to your currency; buy gold with a percentage of your QE program and use it to back stop the currency. If the porice of gold skyrockets you might add back the devaluation incurred through the printing.It'll be interesting to see what affect if any Russia will have now as they fire back at the US and begin dumping their dollar reservces to fnud their deficit. Technically the dollar could be heading for 100 before it begins it's necxt big move down. Interestingly enough gold and silver have avctually been moving up with the dollar recently, they seem heavily linked with the yen carry trade.So many ebs anbd flows it's such a mess, thanks to the worl's central banks. 2015 is going to be an extremely volatile year.
Taddish
15 Jan 2015
Re: Am I alone? If I lived in Europe and got paid in Euros, I'd be buying gold and solid european equities now,Any tips to ride the European stockmarket bubble that Dragi's QE should bring??Tad
Taddish
15 Jan 2015
Re: Am I alone? Hi again CNS,Deflation's clearly coming and the concern is starting to be a catalyst for some changes in policies. The Swiss first.[link] it or not the Swiss Franc, the US$ and maybe even the Japaneses Yen (strangely) should continue to strengthen. For the US, that's not what Yellen wants. Meanwhile SHG ticks up a bit more on the back of solid fundamentals and a gold price now around $1260/ozThere's money to be made judging this right.Tad
CastNoShadow
15 Jan 2015
Re: Am I alone? [link] what I first thought when I saw the SNB news this morning, they must know that EU QE will be announced shortly. So we have massive QE in Japan coutesy of our mate Abe, EU QE to be announced shortly that only leaves the US out of the party...
CastNoShadow
15 Jan 2015
Re: Am I alone? I'm back! I think it's finally time to start putting some money into these miners. Just posted over on AAZ, my first in a long time. I used to have a position here, need to catch up on the fiundamentals though as it's been a long time.I think the bottom is in - in relation to the gold price. The crashing price of oil should give all the miners a very nice boost this year, especially if we actually see a decent rally in the POG. My target for this year is approx. $1,500, back to the leve it broke down from several years ago. Very interesting to see all these carry trades being wound up and unwound at the moment, cetainly seems that the carry trades are driving prices and market s more than anything else and all the warning signals for a deflationary collapse are out there. Be interesting to see what inflationary responses we get from all the central banks this year.
Mpg1
15 Jan 2015
Re: Am I alone? taddish, when you say your 60% cash, are you waiting for a market or share to come down to buy in?i think long term shg is a good bet and well deserving of the rise..... first stop back up to a sensible level or around 14p..gl
Taddish
15 Jan 2015
Nice steady climb Though I'd cjhange the title now we've got some discussion going.Yes, the thing I'm also learning is that the US Fed's balance sheet (having grown close to $20 trillion after all the printing) can carry on increasing. In fact it never need be reduced, at least for a long while. It all depend on confidence in the US$.Very happy to stay with SHG as a long term hold - very cheap on fundamentals, well profitable, good resources/mine life development. A preferred gold mining share for sure.Tad
Taddish
15 Jan 2015
Re: Am I alone? Great summary. Ultimately the confidence in $US will crack, some aspect of the fractional reserve, rehypothecating, currency printing ponzi will crack and the rush to PMS will take off. As ever, the question is how long can the central banks keep it going.I'm 60% cash, but regretting I sold US equities 12 months ago 
Tad
Diottica
14 Jan 2015
Re: Am I alone? TadNot really seeking to debate at length (as it's o/t) but just to provide some food for thought.On your points.1. Need to consider yield (i.e. coupon) versus yield-to-maturity. Any US bond paying a coupon of say >1% is already trading over par value. So a rate cut (rates are very low already) may give a price rise to bond holders but they'll lose as the value decretes to par at maturity.2. Real return is negligible, so why lend your money to a heavily indebted country. Inflation, arguably, is not low (compare your expenditure on all items - now, versus a year ago) but everyone's inflation will be different e.g. wealthy will look at price of luxuries; poor will look at food staples...3. USD strength 'must' be temporary, as a currency war (as we're currently experiencing), will lead to competitive devaluations. Otherwise, US exporters will be decimated. USD can hang on (indeed strengthen) as long as it remains the dominant currency for trade (oil, gas, commodities) - which it acquired at end of WW2 through Bretton Woods, whilst most of the large economies (UK, Germany, Japan, France, Russia etc) we're decimated and in no position to resist, being reliant on USD loans. Remember, USA did very well out of WW" - it sold to both sides! Of course, at that time the USD was backed by gold => 1971 USD defaulted =>1975 persuaded Saudi's to price oil in USD and, importantly, invest the USD sale proceeds in USD Bonds. So, USA can get its oil for free (it just prints USD and hands it to Saudi/OPEC). Any country stepping out of line (threatening to sell Oil for Euro's or non-USD proceeds) gets stomped on (Libya, Iraq...). Can this continue when USA owes USD18tn (and growing).......? Why has USA refused to return Germany's gold, when it managed to return Holland's (politics? hint: rumours of Germany forming a new currency bloc and non-SWIFT payments system with China and Russia, all of whom are well endowed with Gold)Sorry, wrote/ranted more than I intended, but there's very few safe havens for money and I don't think the USD is one of them, other than in the short term.On equities, I agree, other than some commodity plays (PMs and Uranium) I'm in cash (including my pension funds).
Taddish
14 Jan 2015
Re: I'm in. This guy's been wrong before but I like him ![link] my second largest holding, so I have quite enough!Tad
