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11.5¢ calidus resources limited

Price of gold, page-9

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423 Posts.

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25/07/18

10:27

Post #: 34550764
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Originally posted by Sweet100 ↑

Gold at present is priced in US dollars, and based on paper gold, as that is what is most traded, not real gold, so whatever affects the dollar price has an affect on the gold price. I keep a careful eye on the US debt clock, where the debt has been falling back at 40 billion a month as they do their quantitive tightening. However this month instead of the debt clock falling back 40 billion it seems to have advanced by a further 40 billion, indicating to me that the Fed has changed its policy and therefore, if that is true, the dollar will soon be finding its true value i.e. 3.5 cents and gold should find its true value which at present on the debt clock is 5036 US dollars per ounce. So if this price is realised in the near future, as we already have a big enough resource to justify a goldmine, any extra resource will be a bonus and CAI share price will be measured in dollars not cents. IMHO

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No doubt this will hit the million I’m expecting hopefully on the next announcement
I think with the amount of Di g to complete this year we may even see 1.7-2 million reserve with a lot of country to explore
Good things here for the patient ones I believe

CAI Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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