The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Still adding. 18 May gold 1965 futures and CEY 105p.
Gold same price and CEY 94.8p. Despite 2p divi this is severe front running on gold price. Slow stochastics are approaching 2023 lows and now within 1%. Daily RSI is 4% above low of 2023 at 29 daily. 94p should be strong support area.
Look like Gold is the boogle man for this bull run. hopefully, if the fed stop rate the gold might see this as a positive thing
490k not a million lol- I blame the calculator , but you get the gist.
Tony.
I always buy and sell around markers/data points, not in anticipation unless the probability is too strong to resist.
I don't work on fair value as it's pointless in stocks- the market decides the fair value and no one else. The value is the current SP it's that simple.
You post on this board most days, so just as quick to buy and sell stocks, and your %of portfolio is irrelevant to me unless it has say a value of say 7million and you've just bought million- happy for you to state the amount you bought in cash terms rather than % which could be anything. Having said this, as I've said before here, PMs are my biggest risk asset next to crypto, and represents ~10% of mine when I'm in and 0 when out. PMs are my most traded stocks by a country mile, and this one my most!
Somethings always cheap until it's cheaper... why not wait on news which could be good or bad, then go in or remain out?
Hi Mary,
During a recent conversation I had on on the fallacies the public were being pedalled abbot EV 's with a senor member of the Tory administration he agreed with me and that he wouldn't be changing from his 3 year old Mercedes 4 x 4 because the infrastructure was never going to be there to cope with the change over to EV's and there was no way that the government or any other could afford to continue to subsidise or give the present excise tax exceptions to electric vehicles!
Some facts from a very experienced and respected analyst
- to construct renewal energy infrastructure will take an enormous amount of energy. Where will this energy come from? Obviously until sufficient renewal energy becomes available this will have to be from fossil fuel sources and/or nuclear energy.
- Renewable energy infrastructure has a typical life of mine of 20 years. We can already calculate that as from 2050 we will produce twice as much waste per annum than currently we produce as plastic waste.
- The amount of mining required to produce one electrical car engine (average weight is 0.5 tonne) is 250 tonnes. This is produces almost all through burning fossil fuels. You then have an engine that needs to be charged with electricity. From what is this produced? Either fossil fuel, or renewables constructed from fossil fuel.
- The metal produced for renewables will have to be mined in areas where there is currently no mining. This will also affect the environment in a major way, not to speak of all the child labour involved in producing cobalt.
The efficiency of energy generation from fossil fuels (amount of energy obtained / amount of energy required to generate energy) is a much lower than fossil fuel (5 versus 15) and a fraction compared to nuclear energy (100). It means that renewables may well not give a sustainable economic society, alternatively will lead to much higher energy prices.
The current high fuel prices (which preceded the war) are due to pressure groups forcing oil companies to cut back on exploration and development, but at the same time requiring massive amounts of energy to build renewables.
There is very little potential further improvement for renewables: solar theoretical maximum efficiency turning foton energy into electricity is 33% versus 26% currently and for wind that is 60% versus 45% currently. Therefore there will not be any great leaps for gains here.
TJ: Well we had it tough. We used to have to get up out of the shoebox at twelve o'clock at night, and LICK the road clean with our tongues. We had half a handful of freezing cold gravel, worked twenty-four hours a day at the mill for fourpence every six years, and when we got home, our Dad would slice us in two with a bread knife.
EI: Right. I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, (pause for laughter), drink a cup of sulphuric acid, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad and our mother would kill us, and dance about on our graves singing 'Hallelujah.'
MP: But you try and tell the young people today that... and they won't believe ya'.
ALL: Nope, nope..
ohn Cleese, Graham Chapman, Marty Feldman, Tim Brooke-Taylor and Aimee McDonald as host, created this surreal sketch show "At Last the 1948 Show" (the title was based on an idea of Feldman's that all TV executives shelved shows for years before finally broadcasting them).
This famous sketch was from the first episode that was aired and the waiter serving them is comedy genius, Barry Cryer.
https://www.youtube.com/watch?v=xqeZos7pm74
(Four well-dressed men sitting together at a vacation resort. 'Farewell to Thee' being played in the background on Hawaiian guitar.)
Michael Palin: Ahh.. Very passable, this, very passable.
Graham Chapman: Nothing like a good glass of Chateau de Chassilier wine, ay Gessiah?
Terry Jones: You're right there Obediah.
Eric Idle: Who'd a thought thirty years ago we'd all be sittin' here drinking Chateau de Chassilier wine?
MP: Aye. In them days, we'd a' been glad to have the price of a cup o' tea.
GC: A cup ' COLD tea.
EI: Without milk or sugar.
TJ: OR tea!
MP: In a filthy, cracked cup.
EI: We never used to have a cup. We used to have to drink out of a rolled up newspaper.
GC: The best WE could manage was to suck on a piece of damp cloth.
TJ: But you know, we were happy in those days, though we were poor.
MP: Aye. BECAUSE we were poor. My old Dad used to say to me, 'Money doesn't buy you happiness.'
EI: 'E was right. I was happier then and I had NOTHIN'. We used to live in this tiiiny old house, with greaaaaat big holes in the roof.
GC: House? You were lucky to have a HOUSE! We used to live in one room, all hundred and twenty-six of us, no furniture. Half the floor was missing; we were all huddled together in one corner for fear of FALLING!
TJ: You were lucky to have a ROOM! *We* used to have to live in a corridor!
MP: Ohhhh we used to DREAM of livin' in a corridor! Woulda' been a palace to us. We used to live in an old water tank on a rubbish tip. We got woken up every morning by having a load of rotting fish dumped all over us! House!? Hmph.
EI: Well when I say 'house' it was only a hole in the ground covered by a piece of tarpolin, but it was a house to US.
GC: We were evicted from *our* hole in the ground; we had to go and live in a lake!
TJ: You were lucky to have a LAKE! There were a hundred and sixty of us living in a small shoebox in the middle of the road.
MP: Cardboard box?
TJ: Aye.
MP: You were lucky. We lived for three months in a brown paper bag in a septic tank. We used to have to get up at six o'clock in the morning, clean the bag, eat a crust of stale bread, go to work down mill for fourteen hours a day week in-week out. When we got home, our Dad would thrash us to sleep with his belt!
GC: Luxury. We used to have to get out of the lake at three o'clock in the morning, clean the lake, eat a handful of hot gravel, go to work at the mill every day for tuppence a month, come home, and Dad would beat us around the head and neck with a broken bottle, if we were LUCKY!
Isn't everyone loaded?
I assume in the UK they must be as they all have to buy new electric cars in a few years and install chargers in the home.
Not forgetting the £22 for a 90 mile charge and road tax coming back.
Never had it so good. Pay per mile coming.
Oh and then they will say that EV were useless and we need hydrogen after all.
Steve
We do not know what the price pull back on gold will be. What we do know is that Centamin will have sold 40% of its annual projected output at around 1935-1940 spot or futures prices. The real value on Centamin at that price level is around 103p or higher. Trying to pick the exact bottom is not what I want to do. I am titrating in a significant amount of Centamin buying. It is now over 7% of my entire portfolio and I will build it up to around 22%. On Thursday I have a new fence going up and I can not look at Centamin SP all the time to get absolute lowest prices Tony.
Then again people having trouble paying their power bills should consider themselves lucky they have access to power in the first place, there are many in this world who do not yet they seem to just get on & make do rather than whinge about injustices in the world.
Everything is comparative and life has always been a challenge since the human race first raised its ugly head - that is what makes it interesting :)
Why do NOT why the price is cheap?
Once there is good news, the price will not stay this low
Why not wait like others have been for the key US DATA this week?
Another top up gives an average down and 1/3 in.
Major European markets traded higher premarket session of Monday as investors brace for new data and the important interest rate decision by the European Central Bank due this week.
The DAX gained 0.10% at 8:01 am CET, while the CAC 40 added 0.09%, and the FTSE 100 rose 0.37%. The pan-European Euro Stoxx 50 advanced by 0.33% a minute later.
On the currency front, the euro and the British pound were flat at 8:00 am CET, selling for $1.07498 and $1.25753, respectively.
Baha Breaking News (BBN) / JG
Happy Monday y’al
*The Times: Britain will avoid a recession this year, according to new forecasts; KPMG forecasts gross domestic product will rise by 0.3% this year and 1.1% next year.
In life, on things you can’t control, you have to play the world you are in, not the world you want to be in…
The internet is littered with hindsight experts, conspiracy theorists etc. I don’t bother with any of that &&&&, just play the market as is - as people say “it is what it is” and “we are where we are”, make the most of all opportunities- whinging about the past with hkmhgsight glasses is completely pointless
What do you expect they are politicians, they only ever kick the can down the road.
What he is saying is that the politicians have delayed any recession by money printing and keeping interest rates lower for longer than they should have done, kicking the can down the road!
What?!?! Had there been a recession people would have all been loads worse off, on top of issues with bills etc they would have lost jobs too!
Then you should count yourself indeed fortunate or as lucky as you are in your trading, there are an increasing number of people who are really struggling to pay their everyday bills and the numbers visiting UK food banks are at record levels.
As the presentation explained the politicians have been putting off facing the reality of the mess thy have created by printing more money delaying interest rate rises for over two years.
Wish I could be bothered to go back to the 100s of doom sayers 2 years ago when they all said guaranteed recession by end of 2021 lol
Https://www.youtube.com/watch?v=bI7dsl1BLL0
Check out Marc Faber's fortnightly economic report at https://www.gloomboomdoom.com/
Niels Christensen.
Gold is attracting new attention.
Interesting article,including surprising comments from Goldman Sachs.A very appropriete name :-) (sacks of gold men )
The new Centamin PR company seems very quiet?