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Post by simonsays on Aug 14, 2014 9:22:21 GMT -5
Good morning. So if FNV and SSL are giving True Gold $100M for 100k oz of future gold, that is paying $1000/oz for gold in the ground. Apply a discount rate to that and they "have" to be forecasting much higher gold prices (not to mention a lot of inflation). Because that is a lot to pay for gold still in the ground. Then throw in the fact that all these Canadian banks just gave FNV $500M cash to do more deals and it leads me to believe that they also believe gold is headed way higher. So if the big banks think gold is headed way higher, is it not time to back up the truck? What am I missing? Any bank forecasts of $1000 gold are pure BS. You can't call for lower prices and turn around and invest in companies that will buy undeveloped gold for $1000 oz, and expect anyone to believe you. Listen not to what I say but instead follow what I do!
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Post by daniel on Aug 14, 2014 10:02:16 GMT -5
Good morning. So if FNV and SSL are giving True Gold $100M for 100k oz of future gold, that is paying $1000/oz for gold in the ground. Apply a discount rate to that and they "have" to be forecasting much higher gold prices (not to mention a lot of inflation). Because that is a lot to pay for gold still in the ground. Then throw in the fact that all these Canadian banks just gave FNV $500M cash to do more deals and it leads me to believe that they also believe gold is headed way higher. So if the big banks think gold is headed way higher, is it not time to back up the truck? What am I missing? Any bank forecasts of $1000 gold are pure BS. You can't call for lower prices and turn around and invest in companies that will buy undeveloped gold for $1000 oz, and expect anyone to believe you. Listen not to what I say but instead follow what I do! Simonsays... BINGO! Is that True Gold the same......RVREF?  Thanks |
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Post by simonsays on Aug 14, 2014 10:13:25 GMT -5
Good morning. So if FNV and SSL are giving True Gold $100M for 100k oz of future gold, that is paying $1000/oz for gold in the ground. Apply a discount rate to that and they "have" to be forecasting much higher gold prices (not to mention a lot of inflation). Because that is a lot to pay for gold still in the ground. Then throw in the fact that all these Canadian banks just gave FNV $500M cash to do more deals and it leads me to believe that they also believe gold is headed way higher. So if the big banks think gold is headed way higher, is it not time to back up the truck? What am I missing? Any bank forecasts of $1000 gold are pure BS. You can't call for lower prices and turn around and invest in companies that will buy undeveloped gold for $1000 oz, and expect anyone to believe you. Listen not to what I say but instead follow what I do! Simonsays... BINGO! Is that True Gold the same......RVREF? Thanks TGM on the TSX Venture exchange. I'm not sure what the pink sheet ticker is. |
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Post by daniel on Aug 14, 2014 10:21:07 GMT -5
Simonsays... BINGO! Is that True Gold the same......RVREF? Thanks TGM on the TSX Venture exchange. I'm not sure what the pink sheet ticker is. Thanks.. forgot you were north of the border.... Confirmed RVREF OTC Pink sheet symbol.... I own that one just wanted to confirm it was one and the same. This is one of Casey's explorer favorites!! |
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Post by simonsays on Aug 14, 2014 10:21:37 GMT -5
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Post by platy on Aug 14, 2014 12:37:14 GMT -5
Adding to SPX shorts.
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Post by simonsays on Aug 14, 2014 12:41:22 GMT -5
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Post by simonsays on Aug 14, 2014 13:27:59 GMT -5
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Post by platy on Aug 14, 2014 13:47:23 GMT -5
Long crude
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Post by daniel on Aug 14, 2014 13:55:25 GMT -5
Platy.... i like this trade.... (but why did you take it??) planetary trend change date? |
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Post by platy on Aug 14, 2014 14:13:18 GMT -5
Platy.... i like this trade.... (but why did you take it??) planetary trend change date? Sorry I guess I should always state my reasons. Yes Ceres-Saturn conjunction today should affect a lot of things, and I have been waiting for the right moment to pounce on crude. There is a confluence of important trend lines at around 96, I was thinking about it but still to chicken to take it.  Then when it dropped to 95.28 I got this twitter message so I jumped on it. Got in at 95.5. |
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Post by platy on Aug 14, 2014 19:27:24 GMT -5
Tight stop on crude now, my confidence is not all that high.
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Post by platy on Aug 15, 2014 8:12:22 GMT -5
Sweet!
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Thanks
