Opportunities in gold stocks?

Discussion in 'Stocks & Derivatives' started by finicky, Jul 21, 2016.

  1. finicky

    finicky Well-Known Member Silver Stacker

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    Anyone seeing this as a buying opportunity? Expecting more downside in $A gold for a while?
    Very tempted but nervous (NST, more DRM, SAR, EVN)
    Indecisive
     
    finicky, Jul 21, 2016
    #1
  2. Silverthorn

    Silverthorn Well-Known Member

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    I'd wait till gold breaks above us1330 now though you could have a punt on the next RBA meeting I guess.
     
    Silverthorn, Jul 21, 2016
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  3. Abossy

    Abossy Active Member Silver Stacker

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    I bought some yesterday - as usual my timing is fking brilliant....

    I'm looking to load up more NST and EVN in my SMSF but it might be worth waiting a little longer and see how things pan out.
     
    Abossy, Jul 21, 2016
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  4. neonuke

    neonuke Well-Known Member Silver Stacker

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    I have the same sentiment, indecisive to pull the trigger on DRM or wait a bit, or stuff it and pick up some more physical. :/
     
    neonuke, Jul 21, 2016
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  5. finicky

    finicky Well-Known Member Silver Stacker

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    ^^^
    I've decided to hold off a little. As we have learned, the right mining stocks are where the leverage is, but goes both ways
     
    finicky, Jul 21, 2016
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  6. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    $1300 and $1270 are key support levels from here in USD terms

    Have Australian Q2 inflation figures due out next week I think. Anything less than 0.5% for the quarter should see the RBA cut rates. 0.6% is a bit iffy and could go either way. Anything 0.7% or above would probably have the RBA hold rates. This in turn will affect the Australian dollar gold price. Leading economists are expecting a soft reading and the ASX rate indicator has a 70% chance of a rate cut at the next meeting as of today. The Australian 2Y bond is sitting on 1.5% pricing in a rate cut at the moment.
     
    Caput Lupinum, Jul 21, 2016
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  7. finicky

    finicky Well-Known Member Silver Stacker

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    Could you try a little less vague? :)
     
    finicky, Jul 21, 2016
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  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Stop being a pussy or go invest in dividend paying utility stocks :cool:
     
    Caput Lupinum, Jul 21, 2016
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  9. finicky

    finicky Well-Known Member Silver Stacker

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    Was a joke joyce
     
    finicky, Jul 21, 2016
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  10. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    It sure was finicky, it sure was
     
    Caput Lupinum, Jul 21, 2016
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  11. finicky

    finicky Well-Known Member Silver Stacker

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    Is anyone here selling good stocks in reaction to this move?
     
    finicky, Jul 21, 2016
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  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Locked in a bit of profit on stocks that were a little overextended, otherwise no. A solid break below $1270 USD would have me selling good stocks.
     
    Caput Lupinum, Jul 21, 2016
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