coldascheese
14 Jan 2015
I'm in. Bought in yesterday as I am of the view that gold is headed higher with all the turmoil this year.Maybe right ,maybe wrong but this is one of the better goldies out there and delivering the goods.Time will tell but price is just of a low point. Good luck all.
Taddish
14 Jan 2015
Re: Am I alone? Diottica,US bonds are attractive despite v low coupons (yield) for a few reasons1. If interest rates fall further, the value of existing bonds will rise and can be traded.2. Inflation is now actually very low, especially with oil collapsing, so the real rate of return is as good as if yield was 10% and inflation at 11%3. If Japanese & Chinese experience local currency weakness then any US investment is also a currency hedge.Don't expect equities to keep rising from here!Tad
Diottica
14 Jan 2015
Re: Am I alone? TadI see Gold as an insurance e.g. as you suggest, in case of another financial crisis, and as a hedge against true inflation (not the manipulated RPI/CPI tosh the Govt reports). It's also attractive in physical form as it is harder to confiscate than bank account balances (think Cyprus) and pensions (think Ireland, Poland iirc) - another Govt tool to get them out of the problem they've created.For those and other reasons I'll keep my PM miners (and physical gold and silver) - indeed I'll add to my holdings if circumstances change (e.g. stock market correction/crash, PM manipulation).Interesting that you mention bubbles in asset values and in the next paragraph US Bonds. Other than liquidy I cannot comprehend why anyone's invested in US Bonds - the risks of loss far outweigh any yield pick-up (carry or to maturity) imho.We face interesting times over the coming months and years. Alertness and patience will be key.Back to lurking.....
Taddish
14 Jan 2015
Re: Am I alone? Hi Diottica,You're not alone with losses on miners this last 2 years. Deflation is the big concern for central banks and QE (money printing) has been proved not to stimulate growth. I agree with you that Japan, China etc are likely to continue printing and that will continue to fuel rises in large cap shares that pay good dividends. The US is the best performing western economy, so there's lots of Asian cash going into US shares and bonds which offer relative currency strength as an added benefit.Copper has collapsed this morning on worries for global growth, following oil. So I guess we're going to see bubbles in those asset values that people feel are safe.Gold does well when real interest rates (net of inflation) are negative, so even though interest rates are low, deflation will mean fixed invenstments in US bonds for example offer real growth. Don't expect gold to do well therefore unless there's real worries. For me, the chances of another form of financial crisis are the main reason to hold gold right now. The fear of a stockmarket collapse will create a lot of cash looking for a safe haven and some will probably go into gold.In the meantime, SHG is in my opinion a safe investment in a solid, profitable company at a low price. SHG shares represents good value and director buying supports that view, so I'm comfortable to wait. Gold isn't likely to rise strongly until some form of Lehman style moment recurs. But the western banks are so tied up with derivatives etc that the current state doesn't seem to me to be sustainable for ever. When the day comes that gold is preferred over US$ inventments SHG will go into orbit.But don't hold your breath[link]
Diottica
13 Jan 2015
Re: Am I alone? Some of us like to keep our heads down 
. Completely unrelated to the fact that I bought SHG at 18p (now 9p) or Avocet at 207p (now 5p). Ahead on CEY but not feeling confident enough to tip anything or opine generally.Secretly, I remain bullish on Gold/Pm miners and sure we just need a bit more time to let the deflation trigger more QE from desperate Governments, which ,despite the rhetoric, are planning to inflate away the bulk of their debts.
rajishere
13 Jan 2015
Re: Am I alone? I rate aue aureus mining faces some country risk based in ebola territory but on the cusp oc production and excellent exploration potential.Another worth looking at is hummingbird resources... both very unlikely to dilute as funded to production.Hoping for a good rerate here with production update!
Mpg1
13 Jan 2015
Re: Am I alone? ama seems to move fast on low volume. i used to have them when they were cluff.
Taddish
13 Jan 2015
Re: Am I alone? Hi rajishere, looks like just the two of us - lol!I rate SHG as one of the best leveraged bets on the a rise in the gold price. Even modest strength raises the SP. Do you rate any other gold miners highly? I'm steadily building my invesment in PMs.TadTad
rajishere
06 Jan 2015
Re: Am I alone? Lol... No patiently waiting tad. Hopefully 9th Jan we get an operational update and this stock re rates by the time we get the full update on the 20th Jan. (Based on previous rns updates)Tied to rallying gold price and falling oil prices (reduced inputs) shg looks to be a bargain buy for an increasingly profitable producer!
Taddish
06 Jan 2015
Am I alone? Seems selfish to share this bargain on my own!Tad
Taddish
06 Jan 2015
Re: Market is unsettled The worry continues and SHG rises. Precious metals are green in a see of red.Tad
dotlink
03 Jan 2015
shg is making profit in the last quarter and sp went between 8p and 11p, if they are not making profit in next rns the sp will drop, plus the gold price is down and i bet shg aisc has increased this quarter
Taddish
30 Dec 2014
Market is unsettled Deflation is the western worry, not inflation. Gold has been falling along with oil. But maybe things are about to change ...OPEC is competing with US & Canada for market share in crude. Talk of $40/barrel in 2015. US & UK economies GDP growth is accelerating with increased employment and signs of wage growth in real terms. Greece, Russia, China and various developing countries economies are creating concerns that global growth may not be sustainable.Stockmarket sell-off today with gold rallying 2% and silver 4%.Tad
Taddish
30 Dec 2014
Re: Shanta Gold refinancing impresses Pe... Buying @ 8.68p towards the close. Tad
dotlink
24 Dec 2014
i bet all in cost have increased to at least $1000, liabilities have increased too because of more borrowing from bank to fund life of mine, nav decreased
