I'd just wish my gold stock(KCN) would rise with the gold price.
I took a look at KCN recently because on first glance, it's falling share price seems looks to be good value. I'm a bit worried however at their recent acquisitions of Laguna Resources and Dominion Mining. The price seems to have bottomed at the moment. Do you have any view about whether these acquisitions are going to add to or be a drain on the bottom line in the short term?
I think Gold prices will be in for a bullish year.
$1400-$1500 p/oz.
Did you read the piece on RNG explod?
That read like a ramp and yet Michael Pascoe gave gold a pasting in his piece.
Only time will tell. Haven't heard anything to change the fact that gold is in diminishing supply. Haven't heard anything either about people spending less on daily consumables or decreases in Un or Underemployment in developed G8 economies
What's next for the deflationists? I suppose it will be to argue that Engel's Coefficient doesn't really exist and now that developing nations have more purchasing power and production they will buy less commodities due to rising incomes and prosperity. Who needs a healthy diet when you're a rapidly growing developing country opening up to the free market for the first time and have infrastructure pipeline projects to build for the next couple of decades? It does require an abstract view of things and the future to really get why gold is now trading with 3 zero's. Oh and not to mention, that a portion of that new found wealth in these places will not consider gold as an investment India No.1 and China No.2.
So as a result a bear market in commodities will trounce gold! As if...IMHO
Happy days!
Revisiting the thread this is great to explain whats going on. Whether you agree with the presenter/mechanics analysis is up to you?
http://news.bbc.co.uk/2/hi/business/7924506.stm
Since when is Australia printing money like no tomorrow?I love it how Zimb was ridiculed for printing money and when the western governments do it no one knows/understands it.
Granted Zimbabwe was doing it on a larger scale and had some more underlining problems.
But still...
The conversation at the water cooler with one guy was
"the bloody Zimbabweans printing money like no tomorrow"
i replied, "so are we"
"yeh but were different.." and on he went talking when he should have kept his mouth shut, clearly had no idea, just our typical mentality "were Australians, were different, our housing markets different no crash....."
Since when is Australia printing money like no tomorrow?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?