Have been holding CEY for a l-o-n-g time. I bought ALO few weeks ago on the strength of their involvement with CEY. Sold ALO today @ 1.1 just to keep my investments moving forward. (KAZ is dragging me back right now. Was doing alright with them but then got caught out with a buy at 672! *******s.) If there's a little dip in ALO I will be back in like a shot.
I'm invested in both ALO and CEY. ALO rise today was nice earner for me. I sold 2/3 of my holding for sweet profit and holding the last third for 1.5p+ which is more than possible with the JV RNS coming out soon (tomorrow???) regarding the drill assays. I'm holding here (CEY) till the CC is resolved and we get the invertible rerate cos we all know this is worth so much more. All in all I think CEY/ALO is a good pair to hold going forwards... Anyone else out there with this twin holding?
NICE POST ? The estate agents , who calculate the sale price of a property . have most to gain ? and most to loose ? the increase in there salary's is mind bending stuff , so five years ago, you buy a nice detatched house ? say 250.000 ? you then get it re valued , and that is now 350.000? simple you go to the bank with your new found equity and get a second mortgage, or bank loan for the difference ? 100.000 ? and you carry out nice renovations , or a new car , nice holiday ,,,the economy builds nicely, the gdp rises, this loan difference is what caused , the housing price bubble crash , and will again , The banks have not learned there lesson , the greed of corporate corruption is intertwined with policies and direct government corruption ? cash bonds ( look at argentina ) worthless ? look at china , so many usa bonds ? they are un cashable ( worthless ) Gold is the only constant commodity ? So here we sit in the bed ? waiting for the CC , or for the banks to cock up again, and for another rush on the gold price ? Not if , but when ? China is stockpiling Gold in vast amounts, all of Chinas production remains in house , The London gold exchange ? owned by ( CHINA ) the amount of gold on the open market is tiny ? all of the worlds current and past gold to ever be produced would make a pile 5ft high, and the size of a football field ? the gold on the open market is the top two inches ? So come on Centamin lets have some more of the golden stuff ? You know you have it ... mac
I am concerned that nearly three quarters of MPs believe that only the government is allowed to create money, when in fact it is banks that create the majority of money in the UK. This has implications for the house price bubble and the risk of another debt-fuelled crisis. The government creates coins and notes, but these make up just 3% of money in the economy. The other 97% of money exists as bank deposits - the electronic numbers in your bank account. In the poll, over 71% of MPs believed that only the government could create this electronic money. In reality, it is created by high-street and commercial banks. Banks create money, through some simple accounting, when they make loans. However, when people repay loans, the reverse process happens and money disappears from the economy. Only 12% of MPs in the poll correctly gave this answer. The Bank of England explains this in their March 2014 Quarterly Bulletin: "[The] majority of money in the modern economy is created by commercial banks making loans. ... When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. … Just as taking out a new loan creates money, the repayment of bank loans destroys money. ( http://bit.ly/1rrwbnL ) Please could you confirm that you are aware that: 1. Around 97% of money in the UK consists of electronic bank deposits in people’s bank accounts 2. That banks create these deposits when they make loans 3. That when people repay loans, the money is destroyed and disappears from the economy.
This is one of my worries also, but where would base rates need to be for 4% interest to be paid on savings accounts? 5 or 6 %? Could UK consumers or the govt cope with borrowing rates at those levels? No. The B of E has recently indicated in its coded way that the new normal in say 10 years time would be 3% base rate. The BRICS including China do not want the dollar to remain the reserve currency probably preferring some sort of basket including gold. Is the global financial crisis over? Certainly not in the world`s 3rd biggest economy - euroland. 2 years ago ex Goldman Sachs banker Mario Draghi said he would do whatever is required since when he has done precisely nothing and the crisis is much worse as well as all the problems of club med France is now in a downward spiral and growth as almost vanished in Germany. The world still seems a pretty dangerous with the authorities anxious as ever to brush the problems under the carpet.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.