HRZ

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4.4¢ horizon minerals limited

HRZ General Discussion, page-648

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donnybrook

3,039 Posts.

990

15/09/24

12:35

Post #: 75680704

Originally posted by donnybrook: ↑

Thought I'd post this extract from my 'Market Index' newsletter;

2. Gold’s Time to Shine

Gold is trading at record highs of US$2,560 an ounce and is one of the best performing commodities year-to-date, up 24.5%.
So why is gold soaring?
Lower rates: ECB cut rates for a second time on Thursday and the Fed is widely expected to cut rates by at 25 bps next week. Lower interest rates makes gold more appealing since the yellow metal does not have any yield.
Uncertainties: Persistent geopolitical tensions, US elections and wobbly economic data is also driving demand for safe havens.
ETF flows: Gold-backed ETFs experienced their strongest month of inflows since April 2022, attracting US$3.7 billion, the third consecutive monthly inflow. This marks the third consecutive month of positive inflows, signalling a shift in sentiment among both institutional and individual investors after twelve months of outflows through April 2023.
The ETF data is run by the World Gold Council, which noted significant events affecting gold ETF inflows in July. Political turmoil, including an assassination attempt on Trump and Biden's withdrawal from the presidential race, drove increased safe-haven demand for gold.
In parallel, economic factors such as falling inflation, a cooling labour market and Fed Chair Powell's hint at a potential September rate cut intensified expectations of monetary easing. These developments led to falling US Treasury yields and a weakening dollar, pushing gold prices to record highs and spurring investor interest in gold ETFs.

This begs the question why?- with actual mining commencing-our share price is so low? I noticed a couple of days ago on commsec, that while the buy-sell ratio was approx 3:1 at .044 offer to .045 sell, there were nine cross trades at .044cps between 10.37 and 11.05am.So if gold's increasing strength is well recognized around the traps by the Big End of town,one wonders why these trades happen?
A couple of scenarios spring to mind[1] the usual entities hoovering up shares at low prices in order to maximize their gains down the line when the 'market' re-rates the stock and [2] efforts by the pro-Hansen entity to keep its man on the Board. If the latter,then every possible means must be deployed to bolster the anti-Hansen vote come the AGM.

db
Expand
Another possibility for the moribund share price is a third scenario which just came to mind.That is the HRZ Board has a Jonah or jinx in their midst, in the form of Hansen? If so yet another reason to see the back of him.

db

HRZ Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held

5 Upvote

2 Great analysis

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(20min delay)
Last 4.4¢		Change 0.000(0.00%)		Mkt cap ! $49.21M

Open	High	Low	Value	Volume
4.4¢	4.5¢	4.3¢	$7.913K	180.7K

Buyers (Bids)

No.	Vol.	Price($)
3	395809	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	576951	4

View Market Depth

No.	Vol.	Price($)
1	23809	0.042
2	212196	0.041
6	2579564	0.040
6	1063883	0.039
4	272578	0.038

Price($)	Vol.	No.
0.044	548271	3
0.045	359115	2
0.046	122346	3
0.047	13712	1
0.048	14143	2

Last trade - 15.36pm 13/09/2024 (20 minute delay)

HRZ (ASX) Chart

HRZ General Discussion, page-648

2. Gold’s Time to Shine

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

HRZ General Discussion, page-648

2. Gold’s Time to Shine

Top Stories

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News