I tease. We will both get wealthy in our gold purchasers. I hope to meet you one day so that we can laugh and quaff champagne like so many others are doing at this time on a false market. MF
there IS inflation despite denials. 1. look at UK wedding prices for a pointer,about £20k now it seems. 2. car prices the expensive end the ordinary Joe Bloggs just avoids both of course 3. however then you have domestic fuel bills.Some neighbours have solar panels but around £10k to fit and will your supplier be there to repair in a few years,so you should insure. The real inflation globally is in a. the stock markets where you need to pay far more per share at inflated prices. b. the debt mountain which used to promote semi panic till they got used to increasing the Federal limit on that.Now it is just semi-ignored,though debts should one day be re-paid ? c. housing yes also.The price is beginning to price out of the market buyers thus the proportion of those needing sub prime mortgages to pay for them will again begin to increase just like in 200k.So toxic mortgages here we come again. And yes MF I never thought the HUI would crack the low for years but now it is at a 14-year low,back to when the gold bull market began in 2000 !
Indeed, Hambro was claiming at the end of April that refinancing was 'well advanced'....it's now November . I don't trust PH at all, but hope this turns around for all the long suffering shareholders. Not bought back in as yet - will wait and see what they eventually announce. Guessing that gold crashing doesn't help, but maybe it's not significant in terms of sorting the refinancing.
Anyone else incredibly bored of hearing refinancing coming soon and it never happens wish I never bought into this stock complete waste of time bod are full of S@?t since when is 6 months imminent news of refinancing
A poor Week
But, next week Pavel is back. Hopefully the market will react well to that and it will be the start of the future.
Was looking to go short, got stopped out on an attempt and then decided to sit on the fence as the distorted US indices push higher. Corporate earnings have been fairly decent, US economic data has not been too bad. However, looking at what is happening in Europe remains a concern, ignored by US traders, for the moment. The markets seem to have forgotten Lehmans. Debt fuelled economies, twisted markets lifted by continuous central bank intervention, will imvho only last so long. Bullish gold but not just for the moment as equity bulls still have their fun. ATB and GL (just a few thoughts)
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