The GOLD scream room

[Ad Orientem]

‘Gold is the way to go’ as interest rates fall, says Mark Mobius

Mark Mobius, the founding partner of Mobius Capital Partners, recommends that investors hold 10% of their portfolios in physical gold, and invest the rest in dividend yielding equities.
In the first half of this year, central banks bought 374 metric tons of gold, according to the World Gold Council. That was the largest net increase for the first half of the year since at least 2000.
China’s central has been adding to its gold reserves for eight straight months since December, scooping up another 10 metric tons of the yellow metal in July, according to data from the People’s Bank of China.

From here...
https://www.cnbc.com/2019/09/09/mark-mo ... rates.html

[Smith1776]

A3B56EEF-9A4C-46C5-9A22-3DDE7B7388B0.jpeg (39.64 KiB) Viewed 5661 times

[Ad Orientem]

Gold has dipped below $1500 oz and silver has fallen below $18 oz. in overnight trading.

[Cortopassi]

Gold is quite volatile!

[pugchief]

Gold is quite volatile!

And in other news, the sun rises in the east!

[Cortopassi]

Well, that didn't last long.

[Ad Orientem]

Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

[dualstow]

Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.

Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.

[Cortopassi]

Anyone buying physical metals over the weekend in response to recent events in the Middle East? I came close at least three times but held back.

I would buy at 1300/oz. That has nothing to do with analysis (although you all know I’m a huge fan), but it would be a good spot for lowering my avg cost.

Hoping to be rid of my BP shares on Monday, but it probably won’t happen. KSA seems to have everything under control.

If I (we?) have learned anything with gold over the past few years is that it reacts quickly to these types of world events, and reacts just as quickly back down. Not looking to day trade here! If gold hasn't hit bands or it's not my yearly rebalance, I am not trading. But that's me.

[ochotona]

Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE

[boglerdude]

Wouldnt gold work better as money if there were no mining? Its supposed to be a stable benchmark against which to price everything else

[dualstow]

Newmont plans for success at a $900 gold price.

https://youtu.be/d7wTjo4avCE

The other day I read

Many companies, including the world’s largest gold miner, Newmont Goldcorp Corp., say they will only approve new projects if they can make money with gold at $1,200, about 20% below where the metal currently trades.

https://www.wsj.com/articles/as-gold-pr ... 1569144601