SPR spartan resources limited

1.25%

$1.97

Back in late 2010 and 2011 it got like this, and I made a...

First 28 Last

Share
Profile

Follow
Enoch

1,506 Posts.

185

27/03/24

00:14

Post #: 73073463
Share

Originally posted by Prisoner24601: ↑

Yeah, I’ve never seen this sort of sustained strength in the gold price in my time investing. Gold Bugs have been dreaming of this sort of run probably ever since the 70s wage-price spirals/ oil crises and the dropping of the gold standard.
Possible factors include heightened geopolitical tensions and de-globalisation. I think the real kicker however, is that inflation is still high, recent data suggesting it’s picking back up. We’re still - quite amazingly - up near full employment, and the working class is having some success negotiating ever-higher wages.
Against this, you have the Feds in the USA really throttling back their tough talking commentary, say from a yr back. It’s obvious to all now that they have no intention of raising interest rates any further, indeed they are still talking three cuts this yr. That’s quite a change up given inflation is moving away from their 2% target.
If we have continued inflation, while interest rates are held where they are, or cut back, then POG can only continue to move up (as real interest rates continue to fall). That’s my understanding anyway. Happy to keep topping up on any pull back in SPR share price. This is heading towards the billion dollar market cap, not sure what can stop it getting there.

Expand

Back in late 2010 and 2011 it got like this, and I made a fortune, then as mentioned here a while back to wassa, I lost the lot. You want to be in momentum gold stocks when it is like this and there is no better momentum gold stock on the ASX than SPR.

SPR Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

First 28 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $1.97		Change -0.025(1.25%)		Mkt cap ! $2.524B

Open	High	Low	Value	Volume
$2.01	$2.05	$1.95	$66.88M	33.90M

Buyers (Bids)

No.	Vol.	Price($)
5	77974	$1.96

Sellers (Offers)

Price($)	Vol.	No.
$1.98	85766	5

View Market Depth

No.	Vol.	Price($)
5	77974	1.955
6	52573	1.950
1	18392	1.945
1	388	1.930
4	3274	1.900

Price($)	Vol.	No.
1.980	85766	5
1.985	36091	2
1.990	18392	1
2.050	16500	2
2.060	5001	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

SPR (ASX) Chart

Back in late 2010 and 2011 it got like this, and I made a...

Australia’s gas crisis is here – and dying coal plants aren’t helping

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Back in late 2010 and 2011 it got like this, and I made a...

Top Stories

Australia’s gas crisis is here – and dying coal plants aren’t helping

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News