SAR 0.00% $4.69 saracen mineral holdings limited

What is driving the share price ?, page-8

  1. 121 Posts.
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    I agree with your sentiment. Pricing is almost directly correlated with fear at the moment. As I said in my post I believed the price could run down and the following day it did. I was not concerned as I was happy to catch this falling knife. I believe any entry at the moment offers long term value. Investing in sound businesses in the Gold and Silver space is a bonus. Trumps wild mood swings and ignorance has only highlighted the frailty of the markets. Remember most of the trades on the New York Stock Exchange and Nasdaq are done by algorithms. His tweets effect markets.

    People are tired of manipulated markets and looking for something decentralised. At this stage Bitcoin is the clear market leader in crypto. The problem with bitcoin is the fact that it is decentralised. Governments could potentially start to view it as a sovereign risk and legislate against it (as has already happened in several countries such as Iceland, India, Chinas central bank, Russia etc). The Jackson Hole Fed meeting provided some insights with talks of potential new central bank crypto or the use of Facebooks Libra. (Real chance a crypto could appear backed by physical gold reserves)

    Agree SAR is a great company, in the right space, with some fantastic tailwinds.






 
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