Goldtent TA Paradise

Comment on Pierre Lassonde’s $8000 Gold Target

1. Fullgoldcrown says:

   March 10, 2016 - 8:26 pm at 8:26 pm

   Great stuff Jordan…highly recommend

   Looks like we might get there Tonite

   🙂

2. Turtle108 says:

   March 10, 2016 - 8:36 pm at 8:36 pm

   I really enjoyed the interview too- Thought this was interesting, Lassonde is on the Board of New Gold, $NGD, “New Gold Inc has hedged nearly all of its remaining 2016 gold production to ensure cash flow for its Rainy River project, the company said, an unusually large amount for a miner after bullion made its biggest rally in 4-1/2 years.

   The miner said on Tuesday that it hedged 270,000 oz of gold for the remaining nine months of the year through options contracts at a cost of $2 million, starting in April, giving them a minimum price of $1,200 an ounce and maximum at $1,400 an ounce.

   That breaks down to 30,000 ounces each month and accounts for 90-100 percent of New Gold’s production forecast.”
   http://www.reuters.com/article/new-gold-hedging-idUSL1N16H268

   $1280.01!
   Here’s another good live feed-

   http://www.livecharts.co.uk/MarketCharts/gold.php