EVN

6.93%

$4.32 evolution mining limited

Gold Expected to go US$2000, page-8

First 8 Last

Share
Profile

Follow
Irishmist

453 Posts.

74

22/05/20

11:45

Post #: 44772898
Share

Originally posted by CHN: ↑

Thanks for the interesting comments.

It seems to me that the Corona Virus is just a catalyst for the correction that was well overdue.

Eventually Covid 19 will be just another bug we have to deal with.

The long term downtrend in interest rates has pushed huge quantities of funds into bonds.

So what next?

Bonds don't provide any return now so they are not a viable means of an investment return for all
the baby boomers out there (like me). They protect your capital but that's about it. And from this point bonds
also present a risk of capital losses if there is any upward pressure on interest rates and they are redeemed
before maturity.

Cash returns nothing and if negative interest rates become even more ubiquitous then cash is a losing situation.
I have a small cash yen holding in my Japanese brokerage account and it is interesting to see 10-20 yen extracted each
month as my penance for holding cash!

That leaves stocks. Stocks are now much more reasonable and in Australia you get dividends & franking credits. So this will
underpin a recovery in our stock market. Banks have problems but the government will look after them so I don't agree that
they are a dud medium term investment. Maybe franking credits will disappear given the way the budget is heading.

All this creates a perfect environment for gold as a trusted store of wealth that is easily traded. It is a small market compared
to stocks & bonds and so any significant move into gold, which seems to be underway now, will place upward pressure on the
gold price. My personal choice is gold stocks rather than bullion - more volatile but great leverage.

If the 70's is any guide then we can expect gold to go parabolic at some stage and it is anyone's guess how high it can go. The rises
in some of the gold stocks during that '76-'80 bubble were astonishing.

So maybe having the core holding that you hang onto is the method we can use to not sell too soon and hang in there. We are
nowhere near that yet IMO

All the best

Expand

CHN, thanks for the excellent summary. For what is worth I agree with you 100%. Presumably the same logic applies to other precious metals - a lot of talk around silver in particular, but are there any other precious metals you would single out ?

EVN Price at posting: $5.92 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

VUL

Vulcan appoints investment bank and M&A veteran to board

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

There are more pages in this discussion • 22 more messages in this thread...

First 8 Last

Add EVN (ASX) to my watchlist

(20min delay)
Last $4.32		Change 0.280(6.93%)		Mkt cap ! $8.593B

Open	High	Low	Value	Volume
$4.30	$4.38	$4.25	$58.48M	13.52M

Buyers (Bids)

No.	Vol.	Price($)
1	4125	$4.32

Sellers (Offers)

Price($)	Vol.	No.
$4.33	7000	1

View Market Depth

No.	Vol.	Price($)
1	4125	4.320
3	14689	4.310
1	8689	4.300
1	8689	4.290
1	8689	4.280

Price($)	Vol.	No.
4.330	7000	1
4.340	8689	1
4.350	12489	3
4.360	14691	2
4.370	8689	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

EVN (ASX) Chart

Gold Expected to go US$2000, page-8

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Gold Expected to go US$2000, page-8

Top Stories

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News