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28.5¢ dacian gold limited

Ann: Dacian 5 Year Mine Plan, page-133

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BodoDell

460 Posts.

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20/09/21

08:16

Post #: 56193273
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Originally posted by Greenflint: ↑

After a bit more tea leaves reading, below is possibility on what may happen today. Perhaps wishful thinking.

D-Day for Evergrande today (20th Sept) with Interest payment due. It is very likely that Evergrande will default on this payment and therefore the crack of the Chinese real estate market. Unless there is a solution backed by the Chinese government in the background, this crack will become a wide open gap and if so the Chinese real estate, financial, banking and eventually economy will tank.

The question is how will the Chinese investors reacts to such a possibility? Real estate, bond or corporate bond and even Chinese stock market are no-go zones and therefore to park their money, some of which will get diverted to gold or silver. Fortunately a lot of the Chinese population still believe in gold and perhaps some of the Chinese investors may pre-empt what may be coming and therefore we MAY even start to see gold price rising sharply during the Asian trading hours today and that may ripple across the ponds to the European and eventually to the American markets.

Interesting time ahead and time will tell.

Cheers.

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I'm sure some deluded Mandarin will do God's work and think that they saved the day despite great pain and hurt to the little people. "Never let a good crisis go to waste".

DCN Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
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