Interesting to see bitcoin hit $105,000 usd this week. Generally a good sign that the next gold run is just around the corner. A bit of a sell down with Trumps Arab states tour and the lies in relation to the China tariff situation. All that happened is that he capitulated to China due to push back from within the USA from certain industries such as tech and agriculture. Then he announced a 90 day pause so there is no guarantee it’s over and all that happened is his Initial plan failed and he wants to reverse it. Hardly a call to celebrate like he did!
Personally I am expecting a nice rebound in the USD gold price this week, especially after the failure of the Ukraine v Russia peace talks on Friday night. The important thing for DRE is that even if USD gold stays around current levels, AUD gold is still strong around $5000aud per ounce, great for when we are producing next year.
Expecting newsflow to ramp up with all the cash we now have. That should help the share price massively!
DRE Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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