The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
3bear don't beat yourself up because I have had discussions with people working on mines who can be confused. More so the muck shifters complaining that the truck is down on tonnes compared with the machine spec sheet.
Or when doing a mine study to determine the fleet size and mix when asking consultants what the weight/density of the material is.
As I say it is quite a gutsy decision to go for light weight bodies because they carry more volume and overloading a truck is a no no , do it only once and you are in danger of breaking or weakening something.
It is paramount that you know your material density.
Another very important thing to know is how abrasive the material is because I have had some wonderful discussions with the guys in the workshop protecting the bodies/trays with welding on wear strips and the production guys asking why they are down on tonnes. Yes the bodies/trays are carrying around extra steel. Very seldom do the figures stack up to adding wear bars unless of course the material being moved isn't valuable which is unlikely on a mine or quarry.
Before changing the bodies there will have been some extensive studies using weigh scales in conjunction with the onboard information on the trucks and the loaders in all areas of the mine.
Current fed band is 3 - 3.25. Board members have said they expect rate to be 4.6 early next year which means 4.5 - 4.75 band which makes it seem they intend to do two more 75 bp rises.
I know they are under heavy pressure to pivot but after being caught out so many times talking out of both sides of their mouths I am inclined to think they will stick to it despite significant indications that it is unnecessary to go so high.
I do not hold the board members in particularly high regard, they have a hard & lousy job but they seem more worried about themselves & their future prospects rather than the economic havoc they bestow on us all.
Hopefully I am wrong :)
I remain of the view as I have been for months and months that inflation will top and drop this calendar year- indications look like it has topped in US (and only interested US as ROW tends to follow...)- and will begin to drop- gold got a jump this week due to this as FED bets are looking like 1 hike, then another less hike, then that's it... this could, of course, change- but markets are poised around this. Yet again, I repeat, this is nothing like 2008 and other recessions, inflation is nothing like previous inflation surges- stocks will rise and CEY along with this (and along with inflation drops)... For the last year I've listed to so many doomsayers and the hyperbole is bordering on bizarre and ridiculous as are the increasing number of "experts" pushing their views and agendas on youtube, gaining fortunes from their "click-bait" headlines. I maintain the doomsayers have been correct 2to3 times in 30 years and anyone with half a brain can see that those who stayed in have made far more money than they ever have... so for me, short and medium term this is a hold for me and buy (if i had already not hit my max for gold miner investments as part of my portfolio)
Bank of America strategy guru Michael Hartnett says: “The inflation shock that caused a rates shock, which now threatens recession shock and credit event … reflects painful regime change, as bullish deflationary era of peace, globalisation, fiscal discipline, quantitative easing, zero rates, low taxes [and] inequality gives way to inflationary era of war, nationalism, fiscal panic, quantitative tightening, high rates, high taxes [and] inclusion.”
There’s clearly something very attractive – intellectually and, dare we say, morally – about the idea that what we are seeing now on global markets is the bill for 15 years of financial repression and excess coming due, and this is simply a return to a more “normal” world, where capital has cost and risk is actually priced.
The pain is not pleasant, but it is necessary.
But highly respected Macquarie strategist Viktor Shvets has a very different view.
He argues that such a “normalisation is neither probable nor perhaps even desirable” because economies are so indebted that to suddenly “starve the beast of liquidity with a determined but futile attempt to raise the cost of capital” would be to risk the sort of carnage that “usually involved a massive economic and social dislocation, and were preceded and/or followed by revolutions and wars”.
Well it does appear we are there now. How many wars, and what will gold do
the Iranian Revolution in 1978, the Iran-Iraq war in 1979, the Soviet Union’s invasion of Afghanistan in December 1979, and the Iranian hostage crisis in 1979. .....this period saw heightened activity in gold prices. Gold prices rose 23% in 1977, 37% in 1978, and an incredible 126% in 1979.
During the first Gulf War, when Iraq invaded Kuwait in 1990, gold prices soared again.
After September 11, 2001, attack on the United States, gold prices surged. This move was followed by the US invasion of Iraq in 2003. This also resulted in an uptrend in gold prices.
and so on
BUT this time it will be different (don't you like it ?). We have ludicrous levels of debt without doubt. How does the debt play out.
Gold will shine through
best
the gnome
More to do with carrying more material 3 B.
Interesting theory. I follow the theory of "form". What has been the behaviour of various particpants over an extended period of time (decades). Watch what their feet do, and have done, not the rhetoric, nor the eloquent optionalities. Suggest you look at Chalmers Johnson work (he is not alone), been a bit going on, and it has been of a reasonably consistent nature.
Not to argue that it is impossible, but more probable. The whole affair from both sides is highly odious. I do feel for the poor people who get thrown into uniforms ,and go out and shoot or bomb each other, and who interrupt the lives of other poor people who just want to make the most of their lives in a constructive manner. For what? For who?
regards
ah think I've worked it out - being a bear of little brain it takes a while - so the fact the ore and waste they're shifting is relatively light means they can use a lightweight truck tray, ie the old truck trays were designed for heavier loads than required?
A more balanced opinion:
https://www.youtube.com/watch?v=hk-0qJXyido
DASUT now you have confused me - I thought the whole point of the lightweight truck trays was exactly that they weighed less? Thus the fuel and tyre savings when running empty? Still don't mind me, I've never been near a mine in my life.
European indexes climbed in premarket trading on Thursday amid a volatile week in the global markets. Investors continued to focus on geopolitical tensions and awaited several data reports, including retail sales from the Eurozone and German factory orders.
The FTSE 100 rose 0.63% at 7:26 am CET, the DAX jumped 1.31% and the CAC 40 was up 1.18% at the same time.
The euro added 0.34% against the dollar to sell for 0.99180 at 7:27 am CET and the pound gained 0.25% compared to the greenback to go for 1.13571 a minute later.
Baha Breaking News (BBN) / NP
https://www.rfa.org/english/news/china/taiwan-defense-10052022131555.html
USA looking to add Taiwan to its regular military supplies to Ukraine New York post today. Just as tensions die down the pot gets a little bit warmer again. USA also seem keen to see how their fighters supplied to Taiwan stand up to the Chinese J10's. Accident waiting to happen.
If you would like to get some more believable insights into what is going in Europe and the pipelines etc, spend 10 minutes on the below
https://www.youtube.com/watch?v=ALb2FPXFro4
Also have listen to below after 30 minutes
https://www.youtube.com/watch?v=yIuN6v_cmNM
As always,do you on research, but there is a game in play which we have seen before.
Bottom line?
Argentina’s annual inflation rate in August was 71%, Haiti’s 25%; Goldman Sachs has predicted 23% for the UK by early 2023. Seventy-one million people worldwide fell into extreme poverty in the period of April through June of 2022. The World Bank has reported that up to 80 nations require immediate debt relief, or they will soon find themselves incapable of importing the food and fuel needed for their populations to survive.
Things have to change away from the present modus operandii of the present financial and warrior state system. Been going in too long, as as been pointed out very gracefully, some decades ago.
https://www.youtube.com/watch?v=sZwFm64_uXA
Wouldn't it be great to hve a fair and honest market for gold as well?
best
the Gnome
Tell Biden ,Powell and most in America.
You will have sanctions put on you.
:-)
Aren’t we already in a recession
Saudi ,Russia and others in OPEC pressing for 2 million bpd cut in production, causing major concern in washington and no doubt many others.
Recession on the horizon if they cut,or war .
Stock exchanges in Europe were lower ahead of the trading session on Wednesday, with investors expecting the latest purchasing managers index reports from Germany, the Eurozone and the United Kingdom throughout the day. In addition, Germany will publish August trade statistics before markets open.
The DAX decreased by 0.38%, London's FTSE 100 lost 0.29% and the CAC 40 declined by 0.37% at 7:38 am CET.
The euro was 0.09% lower against the dollar at 7:44 am CET, trading at 0.99760. The British pound was down 0.30% compared to the American currency, going for 1.14409 a minute later.
Baha Breaking News (BBN) / MS
Happy hump y’al
Gold gets a JOLT boost.
Gold at weekly resistance on the down channel. Dollar on daily support on the rising up channel. Something has to give.
Thanks.
Scots have a word "swithering" which accurately describes me today. Bucks Fizz didn't have me in mind when singing "Making Your Mind Up", since I can't seem to do so.
Mester also came out and said something very similar in supporting another 0.75% and pushing further.
Is this your reference, Tornadotony?:
https://www.reuters.com/markets/us/feds-williams-says-central-bank-has-more-work-do-cool-inflation-2022-10-03/
"FED again came out with all their BS"
Tornadotony: what did they say? No pivot?
I'm behind the curve here, sorry
Resistance above is too strong at 92p. CEY could retreat with gold. FED again came out with all their BS.
Closed the open gap and has now dropped further with gold well up. Hopefully some adult traders arrive at 9am.
Cheers Tony, v interesting.
I'm hoping Q3 results and all the promising news on solar, underground, EDX, etc will give us a boost BUT it depends which numbers get seized on - will it be production up and AISC down (great) or will a fall in revenues due to weaker GP be the headline and give the sp another kicking? FWIW I think the good news will massively outweigh the bad not least because all the good news is stuff that's in the company's control, ie the result of good management. The only bad news (I sincerely hope) is outside its control ie the GP. Let's see.