Post by
Shadow10 on Mar 20, 2024 1:54pm
Commissioning
The price of gold is aroung the highest we have seen $2,157 U.S. and $2,925 Canadain . Ascot is going to make a lot of money. I think that we are in spring break with a lot of people away and light volume you are seeing people trying to drop the price so the can load up before the pour. It could be soon, we don't know for sure. Now that the SAG mill is up and running and the commissioning is moving along. If its next week sometime they are finished the Plant Commissioning i can't see them waiting till the first week in April. Maybe thats why people are trying to drive it down?
Just my thoughts , anyone else have a theory about the drop.
Comment by
Kruithof on Mar 20, 2024 2:31pm
Could have been selling shares to be safe that the feds didin't raise interest rates that would have brought gold prices down
Comment by
Kruithof on Mar 20, 2024 2:33pm
Need is out and the feds keeping rates the same with cuts coming in 2024, gold is safe and probably keep climbing slowly
Comment by
Shadow10 on Mar 22, 2024 7:57pm
Calmandquiet , i was thinking of Scottie too but I'm getting up there in age and don't want to wait that long to see what happens. If Ascot has a ton of gold, they wouldn't have the time or space to fit Scottie in.They will be too busy making a fortune at this gold price.
Comment by
Kruithof on Mar 23, 2024 9:03am
Interesting article https://financialpost.com/commodities/mining/investors-exit-gold-prices-surge/wcm/331cd8f2-ccdd-4c33-911e-32ee7c3efc69/amp/
Comment by
Beerman on Mar 23, 2024 9:15am
I do think there's no 'hype premium' built into the early stage companies anymore. But I can't see how a company that could buy itself with 2 years of fcf don't do well??
Comment by
calmandquiet on Mar 20, 2024 2:54pm
By the way, I don't care what the Fed does today. Gold is going in one direction in the long run. The US government can't do anything to stop this global process now. All they they can do is speed it up in various ways.