BDR (ASX) Gold price

Originally posted by sydney ↑

The other possibility is the market interpreted the failure of Doha meeting as positive, because the Fed will not dare to raise interest rate at their meeting end of the month.

There was no headline that I can see to link interest rate with the green DOW, what I have come across is the Kuwait strike put a floor to the oil price and offset the failed meeting in Doha.

WHAT A LOAD OF CRAP
The strike started the day of the Doha meeting and oil price took a dive.
Now they are saying the strike offsets the failed meeting. What about the increased production from Iran by 600,000 BOO last month and on their way to achieve 4M BOO by early 2017.
GIVE ME A BREAK

what we are witnessing is delaying the inevitable of big correction in the oil market when the strike is resolved. Now that the big players offloaded their holdings, let see what happen when the reality hits.

The current market is like a comic theatre with a funny play and silly talks, however the fundamentals of gold rally will win one day.
WAITING FOR MAY AND FED MEETING ON THE 26-27th of April.
NO NO NO, I should say waiting for the quarter report, the mother of all.

Happy days ahead.

Cheers,

Sydney

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Agree Sydney,

Oil up $2, DOW hits 18,000, USD down and gold down. Anyone else see anything wrong with that....except the fact I didn't buy bank stocks 2 weeks ago for an easy 10-15% pre ex-div trade.

On oil. The fall in Kuwaiti output is meant to basically be equal to the daily world surplus production. So great now supply is meeting demand. We still have god knows how much surplus stored around the world and will stay there if supply and demand have only just reached balance. And then in two weeks (not a real figure, just hypothetical) the Kuwaiti's start pumping again and nothing has changed.

On Gold - we are only a couple of weeks out from "sell in May and go away" and Gold is still holding well within its band, we might not be breaking out but good money is being made here, and the longer this consolidates/ the higher US markets keep grinding the more explosive I expect the next move to be. We might well get Forged's vertical move.

Finally on a BDR note H1 last year we produced about 53k ounces and in a disaster blew 8m on a dividend and was still trading at a MC of 150m. We now have 20m less debt, 50m more cash and we are likely have produced 80% of last years H1 in just one quarter at a good POG. So on an EV basis we have probably only increased by about $100-120m over the last 9 months. I still think this is well justified even without blue sky POG expectations.