Abcourt Insiders Buy, They Don't SellAbcourt's company insiders have been buying more shares in January. The price has been too good to resist. They continue to nibble away, at the remaining shares, still up for sale.
Jan
27/22 | Jan 26/22 | Dcochib | Direct Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 174,000 | $0.090 |
| Jan 27/22 | Jan 26/22 | Hinse, Renaud | Indirect Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 174,000 | $0.090 |
| Jan 26/22 | Jan 25/22 | Dcochib | Direct Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 26,000 | $0.090 |
| Jan 26/22 | Jan 25/22 | Hinse, Renaud | Indirect Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 26,000 | $0.090 |
| Jan 7/22 | Jan 7/22 | Hinse, Normand | Indirect Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 100,000 | $0.100 |
| Jan 5/22 | Jan 5/22 | Mestrallet, Francois Joseph Pierre Marie | Direct Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 100,000 | $0.100 |
| Jan 5/22 | Jan 4/22 | Mestrallet, Francois Joseph Pierre Marie | Direct Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 150,000 | $0.100 |
| Sep 15/21 | Sep 15/21 | Hinse, Normand | Indirect Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 144,000 | $0.110 |
| Sep 14/21 | Sep 14/21 | Hinse, Normand | Indirect Ownership | Common Shares catgorie B | 10 - Acquisition in the public market | 39,000 | $0.110 |
https://www.canadianinsider.com/node/7?menu_tickersearch=ABI+%7C+Abcourt+Mines+Inc. In the mood for more Abcourt share accumulation? Insiders should know, because that is what they have been doing! It does appear that many are still available for purchase.
After a dismal 2021, is gold poised for a better move in 2022?
Goldman Sachs long gold, sees prices rising to $2,150
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(Kitco News) - Even after a dismal 2021, Goldman Sachs is not ready to give up on gold as the investment banking giant is raising its price forecast and recommending a long gold trade for the year.
In a report published Thursday, the bank said that it is raising its 12-month price forecast to $2,150 an ounce, up from its previous target of $2,000. The bank also recommends buying December 2022 gold futures.
The new bullish outlook comes after a disappointing 2021 for gold as prices ended the year down nearly 4%. Goldman said that the decline in gold last year made sense in an environment of strong economic activity and expectations that rising inflation would only be temporary.
"Crucially, high growth and seemingly stable prices led to a surge across all risk-on assets, in particular cryptocurrencies. As a result, not only did gold face falling investment demand from investors no longer looking for a debasement hedge, it faced direct competition in bitcoin as a store of value," the analysts said in the report. "On top of waning investor interest, the divergence in global growth expectations helped support the dollar beyond our expectations."
However, looking to the new year, Goldman said they expect most of the trend from last year to reverse.
"Today, the global growth-inflation mix is markedly different. While there is not yet talk of recession, our economists forecast a material deceleration in U.S. growth, while the imminent prospect of a new hiking cycle is leading to a risk-off environment across long-duration asset classes," the analysts. "For investors looking for a way to hedge their portfolios from risks of a growth-slowdown and falling valuations, we believe a long gold position would be more effective in the current macro environment."
The latest gold comments from Goldman Sachs come ahead of the Federal Reserve's January monetary policy meeting. The central bank is expected to prepare markets for a rate hike in March.
"Contrary to many investors' expectations, gold has remained very resilient during the recent increase in U.S. real rates. In our view, this is due to gold's status as both an inflation-hedging and a defensive asset," the analysts said.
The analysts noted that the growing risk is that persistently higher inflation will force the Federal Reserve to aggressively tighten its monetary policies, which in turn would further weigh on economic growth. Goldman Sachs already downgraded its U.S. growth projections as the U.S. government is unlikely to push forward with its fiscal stimulus plans.
"As U.S. growth continues to slow in 2022, the market perception of recession probability could increase further," the analysts said. "This sets gold up for greater investor interest despite rising rates."
Another factor that Goldman Sachs is watching is the growing inflation threat. Last year, inflation fears were kept relatively in check as the U.S. central bank saw rising consumer prices as transitory. However, the investment bank said there is now a risk that inflation expectations become unhinged as inflation has been more persistent than expected.
"We estimated that if inflation were to structurally move to 4%, gold could hit $2,500/oz based on the historical gold inflation relationship. We also estimated that gold would get somewhere close to this level if U.S. gold ETFs would move back to their 2011 highs. Therefore, we think there is considerable upside potential in gold in a scenario where inflation increases significantly," the analysts said.
By Neils Christensen For Kitco News
Could we see a $2500 US gold price? Wow! Imagine what that might do for Abcourt's share price?
Abcourt may now be a marginally profitable operation. But that may soon change for the better!
Renaud Hinse expects that the company will grow rapidly larger so that it may eventually be listed on the TSX main exchange.
Renaud Hinse, CEO, has declared: “It’s time for me to retire as President and CEO of Abcourt, of which I am the founder. Over the course of several years, despite the pitfalls and sometimes unresponsive markets, I have managed to build a company that currently operates with 150 employees and has several excellent mining properties, including a gold mine currently in production (Elder) with annual sales of $25M to $30M. Additionally, another gold mine is in development (Sleeping Giant) and will double Abcourt’s turnover in the short time, and the Abcourt-Barvue project with zinc-silver reserves which is in the process of requesting certificates of authorization. I leave it to my successor to bring these projects to a successful conclusion and to do what is necessary for Abcourt Mines to become a large company according to the criteria of the Toronto Stock Exchange.”
https://abcourt.com/wp-content/uploads/2021/12/PR2021-12-22.pdf
The market may appear unresponsive today, but that can change too!
The new CEO of Abcourt Mines may have some very big shoes to fill, when Mr. Renaud Hinse, finally departs.
But the new person at the helm will be left with a plethora of resources to fully develop!
This company may grow by leaps and bounds!
Hope for the best!
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