DEG 4.10% $1.40 de grey mining limited

Ann: Major extension of sulphide mineralisation at Hemi, page-182

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  1. 4,399 Posts.
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    @goldtowin
    I think there is more downside to come and why I am holding dry powder.
    If last Monday I told people that I was selling all my holdings bar gold and told them which stocks, I would have been written off as an idiot.
    My favourite stocks, adt and bsx, I sold out completely.
    Increased deg and cel.
    A bit early but I can see profit warnings coming, a major slow down in global growth, and plenty of economic stimulus like interest rate cuts.
    We all know what that will do to the GP.
    It was a few years after 2008 gfc onset that gold hit that high and I see similar here.
    There is good reason to hold longer before another cr.
    If these next assays prove what we hope and there is a suggestion of rate cuts, ( which I think will be imminent now ) then the sp of deg should be a little bit higher than it is now. 25c would be a great price to raise.
    It is all speculation as usual and highly right at the moment.
    I have seen people writing about central banks selling their gold.
    I disagree as they can just print more $.
    Gold will be the only value storage again for a while to come imho.
    That's enough speculation from me.
    Kind regards, Wack.
 
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