Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?
Gold's an 'All-Weather Hedge Against Whatever Happens Next' as Fed Decision Nears
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
US MOVERS&SHAKERS Sep 09-Sep 13, 2024
CCORF Maintains Kinross Gold(KGC.US) With Buy Rating, Raises Target Price to $12.14
QMengColdJoke : They spent like 1 dollar per share. For 8 years, gold price 1800 means 0.4 per share, 0.6 per share for 2300. Then 4 years lower yield. Deal was done when stock price was 5 and gold price at 1900. quick math… Super cheap
Trytosaveabit OP QMengColdJoke : Yes! IMO this is far undervalued right now!
QMengColdJoke Trytosaveabit OP : I see why market is not crazy. It needs capital spending extra 1 per share. After approval from government, expect to make money since 2029, so for 5% interest, NPV 1.5 per share for 1900 gold price. 2.7 for 2500 gold price. Considering risk of approval and blabla pricing in. But, trick is we know 1) KGC was robbed by Russia and war lord which causing low pricing. 2) Gold price will surely rising further in 2029. I added a little (gold is a little high in short term) but will buy a lot more if we have any pull back.