Good insurance policy! NZ Dollar dropping today. Gold now over $NZ 2900/oz. NZ may have flattened the epidemic curve, but the NZ economy with its biggest tourist sector will take a hammering.
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Agree, crypto is currently more closely associated with scams and other criminal activities.
Websites that let you buy coins but not sell them
Sites that post prices that are false/misleading
A system that lets two robot algos play off against each other to seemingly increase the price while no one has actually purchased anything
Crypto servers that are running in some persons bedroom pretending to be a large corporation
Software hacks/malware that can change the ownership of a folder and take possession of someone else's coins
Not a market to be in...
The block chain technology behind it may eventually find a use one day.
Thanks JB for the video link... watching it now
Great to hear drew(I see OBM touched 22c yesterday !!!) ,,,thats what its all about on ST helping other make some fat profits in the markets .. I certainly wouldn't have gone down the share market road if it wasn't for sharetrader back in the early 2000's that spiked my interest to get the trading bug ..
I hope you hold OBM till after the DFS 2H20 as I really think we will see a take-over offer like we seen at EAR from a major Gold producer wanting to add 100koz pa production profile ... my pick is around the 40c depending on the Gold price later this year ...
another Gold play I jumped on is PDI ... i got a chuck of the opts for 4c PDIOA 1.8c ex price DEC 2022 expiry end of last week ... go and check out their recent exploration results just speculator(SP went up 700%+ in a day!!) ... you just don't often find these kind of gold mineralization widths from surface if they continue at depth (as they have only drilled down 50m in this project,,,
I see that Bank of America agrees with you re POG.
https://www.bloomberg.com/news/artic...n-t-print-gold
It took for a little while to realise that they are talking about the POG in USD, not AUD!
I also currently hold a 'watching' quantity of HMX and NST, while I get a feel for the market.
There are not many commentators I take a lot of notice in - but I do rate Colin Twiggs more than most, and he seems to be bullish on Gold too.
So I think I will be 'watching this space' with increasing interest.
So thanks again - I do read most of your posts with a considerable degree of fascination - it is obviously an area of passion for you, and an area of almost complete ignorance for me.
PDI gold spec worth reading latest presentation
http://www.aspecthuntley.com.au/docs...VsYXllZC5qc3A=
Yeah ‘The Fed can’t print gold’: How the yellow metal could hit $3,000 — 50% above the current record
Bank of America’s bullish call on bullion.... so if AUD/USD stays the same we could be looking at $4750oz AUD ... if so then the likes of OBM would be north of $1 per share