I always wonder who sells on days like this. This is a long term hold. who cares abt the daily gold blibs.
I m a expert as well, one time I was correct. (I bought deg very low). The gold price will increase in US dollars when the interest tightening stops. Then the us dollar drops and therefore gold in us$ will increase. How gold will increase in aud? F knows but that should be the number to keep an eye on.
What I m most concerned about is that deg is now delaying construction and therefore might miss the gold top when construction is finished..... both at the same time would be the time to sell if we get this far without being teken out. Was I not correct with previous barchart showing investment decision mid 23, construction start mid 23 and long lead items orders. Production start mid 25? I m not so good with looking back but indeed can not find this barchart in the last few announcements. Although @Gmeister reposted one recently.....
Good we have 35 m ounces in the ground.
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5 | 53660 | 1.205 |
15 | 258889 | 1.200 |
3 | 21190 | 1.195 |
6 | 73840 | 1.190 |
Price($) | Vol. | No. |
---|---|---|
1.215 | 19426 | 4 |
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1.225 | 54930 | 3 |
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