Sabre Gold Mines Corp T.SGLD

« Gold prices to hit $2,200 and a ‘dramatic’ outperformance

[GoldenPolarBear]

"...

Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS..."

"...

“We are expecting gold to be pushed higher by a Fed easing. Also this comes with a weaker dollar” said the investment bank’s precious metals strategist Joni Teves, who expects the metal to hit $2,200 per ounce by the end of the year...."

 

Gold prices tend to have an inverse relationship with interest rates. As interest rates dip, gold becomes more appealing compared to alternative investments like bonds, which would yield weaker returns in a low interest rate environment. 

In turn, lower rates weaken the dollar, making gold cheaper for international buyers, driving up demand...."

https://www.cnbc.com/2024/02/05/gold-prices-to-hit-2200-and-outperformance-awaits-silver-says-ubs.html



https://www.mining.com/web/australian-gold-miner-red-5-to-acquire-silver-lake-resources/

[E30S14]

Gold could hit $5,000 an ounce and SGLD would still trade at 9 pennies. I clearly recall this Team E top nose pick had been re-recommended as a top nose pick. Looks like all the Europeans have gone back to Europe. But don't worry, they haven't sold a single share and continue to buy the offers because bidding is for gamblers. Ha!

[StrikeGold]

The Brewery Creek fiasco put on full display the company's ability to add value for shareholders.  They picked up the million+ ounce gold resource with a massive addtion and dilution of shares.  They advertised it as a boon for shareholers yet did nothing with to add value, and then basically gave away the asset just a couple years later.   They then spun the sale proceeds