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silence
Dropping like a stone with relentless selling...why??
simply because some people are silly ...happy to sit and wait and wait, etc etc
If the bond massacre in the US spreads and other banks catch a cold, Shanta and all liquid stocks, won't be spared. Buckle up, it could get nasty.
sell then
Nothing to do with Shanta. The difference with Shanta to other miners is that Shanta has yet to be positively re-rated as Singida is de-risked into production.
Agree TONY ! Some posters on here !
Tony, no one is arguing about the bullishness of the company fundamentals, but a receding tide will lower all boats, 2 things can be true at once. ATB.
Markets down sharply re-
https://www.proactiveinvestors.co.uk/companies/news/1008664/silicon-valley-bank-stares-down-the-barrel-of-a-bank-run-tanking-shares-in-the-process-1008664.html
Looking forward to the fabled divergence of gold stocks vs rest of market. Can't come soon enough.
Some real concern in the USA regional banking system. Suddenly 0.5% rate talk is back to 0.25% and a lot of people are going to cash, which in code includes buying gold. GDGB ETF is on the way up again so I won't be surprised if we end the day unchanged in Shanta.
Not just USA tony....most banks well down today! Deutchse, Santander, BOI, Soc&Gen, Credit Suisse...etc. in fact they're all down say 6% ave.
Fuel costs are defiantly on the way down, is this not our biggest exspence other than labour/staff.
the one thing I have learnt about this share in the last couple of years it falls when the spot price does but lags ..alot.. on the way up. hence why I don't post that often anymore but great price this
No getting away from it, Uncle Jerome is in a Mexican standoff with the markets, keeping jacking up rates to deal with hitting a <2% inflation target and something well and truly blows up, or raise your inflation target to keep rates down, that comes with serious risks with your currency, and possibly your inflation becomes unhinged as it did in the 70s.
All roads long term lead to Gold. Short term, it’ll be bumpy.
Agree with you there booboo.....D.Brady of the silverchartist says the fed have a choice between saving the $ (high interest rates) or saving the stock/bond markets (low interest rates) if I have understood correctly.
It cant save all 3, so opinion is the $ will fall.
As you say....all roads leave to gold, and it why I have been invested here for several years.
2WM
"Our liquidity position is strong, we are adequately capitalized."
- Alan Schwartz, Bear Stearns, March 2008
And remember to Saving & Loan Crisis...was it 1988? Silicon Valley Bank is bust....think about bank runs and India's deal outside Petro $....etc.etc.
we're above $1,850 gold $ at 104...needs to stay below 104....and Silver will catch up...needs to be above $24....then we're off to all time $Gold highs and $under severe pressure!
Surely our SP will re-act....I mean it is gold...we mine......not tulips?
class... :0 :) "Surely our SP will re-act....I mean it is gold...we mine......not tulips?"
"Gold is set to hit $5,000 per ounce by 2027, taking silver to $250 per ounce, according to Rob McEwen, Executive Chairman of McEwen Mining.McEwen, who has almost four decades of experience in the mining industry and sold his company GoldCorp to Newmont in 2019 for $10 billion, claimed that as governments engage in loose fiscal and monetary policy, the weakening of fiat currencies will benefit hard assets like precious metals."
I don't know about that Rob? but I guess you should be more qualified than I to make that call!
Dr. Bankrupty