Re: A bit more then usual volume today!
in response to
by
posted on
Oct 30, 2014 06:18PM
Well, looks that way...don't know if their was a cross or not.
PRB news...I don't foresee any items to warrant a sell off.
Some people believe gold will go to 7000 some people think 800 some people think 1400.
PRB has about 14 months of flow through fund and about 20+ million in Cash by that time next year. Can always do a small financing if nothing changes.
I don't think a sell will occur. They still have 45-50 million and they are awaiting a royalty around 4 million.
In general gold is selling low...but I watch the volumes. The Shanghai exchange, volumes into Hong Knog and Swiss exports 2013 are 2770 tons ..yes tons...for physicial export.
This will figure will be interesting as it will get published late April to Mid May.
Hong Kong same old same old
Singapore new bars and contracts
India same as 2013 so far
Russia 258 tons ahead of 2013 so far into this year.
Shanghai Exchange extra 842 tons for delivery so far this year over last.
Someone is trying to push the limit...and I think its Asia.
The new Swiss export figure will be about 4000 tons for 2014 ( just looking at Shanghai volumes )
14 months is a long time...so we wait and see.
News would be nice. Even if it's infill drilling on the low grade at Borden.
Good luck
You got time..don't let anyone push you off your shares....PRB is 7 + million ounces.
Only a matter of....you guessed it ....time
Never trust money more than gold !! ( Toba Beta )
Till next week.
CT