Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Chique,
You have principles,your a decent person,you care, nothing wrong with that, if only some of those that hold the power to influence future events and peoples lives for the better held such values!
I have a friend who gave up a very highly paid position in charge of a precious metals trading room of a large organisation due to seeing the drunken excesses over the forthcoming bonuses at a lunch time celebration because they had smashed the silver prices, he just walked out because he could no longer accept the long term consequences on innocent people communities caused by trading paper on the Comex.
Keep well!
The talk at present is of two camps seeing inflation at either 4% or 2% in the second half of 2022. The difference is mainly wage embedded inflation and supply shocks ending. However, the elephant in the room is being ignored completely imop. The fact is either doing nothing about climate change has a huge random environmental and economic cost or the cost of implementing adaptive changes has a significant cost impact. There is no escape either way. USA has a past habit of including hurricane repair and events like it delivering recovery costs as a growth of GDP as citizens struggle to get back to where they were before with interruptions in their work, the added future insurance costs and the costs of items not insured. In essence the GDP has given no productivity gains at all and is a false measure of improved wealth in most circumstances. The only one's to gain are those employed doing all the repair work and the workforce available to do those tasks has reduced. The same applies to the true cost of carbon intensive industry delivering waste plastic bottles dumped all over the planet and not factoring in the negative GDP to clear up the mess.
Energy costs are likely to rise significantly in the UK which needs more power stations to be constructed on the National Grid. Many other countries are in the same position. Building more wind farms works well when its windy, but the demand for energy with carbon reduction is not going to be cheap as it has to be reliably sourced. This in turn will hit manufacturers and gradually, as funding for the oil energy sector reduces, a desire to use long lasting products then cheap throwaways may need to happen. This again is front loaded with heavy inflation although it declines sharply in future years as real productivity, environmental improvement and climate security if possible gets delivered.
I therefore conclude that inflation in reality is around for longer than expected, not just for the reasons of certain countries inflating away some of their debt, but also to deliver other changes the world will need or will face if not meeting those needs at all. I therefore believe 3-4% inflation is going to be around for a lot longer than people will expect and that gradually like in 2025 interest rates finally get normalised again to 3-4%. In relation to CEY and gold, I therefore see things as likely to be stable for the next two years or so. In 7 months we shall find out if my opinion is broadly in line with events.
TheBeerStalker- I agree with much of what you say. Gold bombed along with all stocks at the start of COVID and only got a bid, like all stocks on recovery (broadly). What did I do in March202, like most I dumped my stocks out of fear and liquidated to cash, I certainly did not buy gold- nor did anyone else hence the drop. CEY is a fab trading stock, like all PMs. I had expected with inflation that gold would have had much more of a bid, along with many and am surprised that this was not the case- but like many things, the drivers are becoming exponentially more complex and will continue to exponentially rise- the reason I don't follow historical charts...
With my main pension, which I don't manage myself, but is global equity based, it has risen greatly, due, in my view, to the "K" shaped recovery. Interest rates are so low- so people and fund managers need to put their money to work somewhere. Should another COVID like event occur again like in ~March2020, people will again go cash, being ready to pile back into to equities at what they see as bargain basement prices.
I agree travel sector are a bargain buy for the long term- it's a question of when to pile in.
Good luck.
Nature of the beast lol. It's not like people don't know it's volatility.
As always, the highest % gains come in with investments with the highest % risk...
Next highest risk are companies like CEY, when politics and mining problems can cause big swings.
Will be dialling in the 8th for sure- the markets normally respond to just RNS data (along with economic data), but will be interesting to see if the presentation is super positive, will the price jump on words in a presentation and not in a published RNS? I am hopeful as this stock still hasn't added back it's Oct2020 drop...
Reuters need to get their act together and report the facts.
Saturday 4th December 2021- Bitcoin dropped to ~USD45,934 at ~05:29GMT, and ROSE ~8% to ~USD49228.82 @~20:01GMT.
Correct in that it is down ~28.7% from recent highest ever, but up ~65% YTD.
These are the correct facts.
(Reuters) - Bitcoin dropped 8.4% to $49,228.82 at 20:01 GMT on Saturday, losing $4,514.87 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is down 28.7% from the year's high of $69,000 on Nov. 10.
Ether, the coin linked to the ethereum blockchain network, dipped 2.69 % to $4,109.14 on Saturday, losing $113.66 from its previous close
Inflation is already here ..
CEY will suffer on poor COVID news as it's stock- it did last time and only gain traction when the markets started to rise again.
So many posts on here hoping for worse covid news that will influence prices.
Not saying I am different , maybe , maybe not
It does however make sad reading wanting our relatives to suffer for profit
Come on Mr Bond- I have never claimed to be a morale investor, I was simply responding to Mr Tibbles statement.
I do like the fact that crypto is sticking it to the banks though and shaking the investment world up a bit- but I invest just to make money like all my investments. As I have said soooo many times and repeat yet again, crypto has always been and remains my smallest % investment of my portfolio as the highest risk/reward- next in line is PMs and so on up the chain.
I don't often trade crypto, just hold and take out a few times over the years (wish I'd just kept it all in, would have been shed load more, but still done extremely well). The big drop happens like overnight, it's nature of the beast, which is why so high risk, but can jump just as fast or faster as we have seen. But PMs are almost as bad- the wall in Oct2020 here, the Hochs recent one on politics- I don't deem as high risk so invest more in PMs than in crypto- but the way some people speak they hint that's it's low risk- if CEY were to drop divis people would be stuck with this low SP- divis are not guaranteed. Some are still stuck unfortunately from the ~220 recent high here. I use the PMs are my trading stocks, far far far more than I ever trade cryptos.
I do agree we you on the markets in general- but it's the system we are in and I cannot change it so work within it to make money.
Good luck to you too.
All the best.
OK Steve ,lets turn it round.
BTC what has that done apart from making people like Max Kaizer and his, like multi millionairs.
Blockchain can improve security but not totally.
There is always someone that gets through it.
They get rewarded if caught by internet security companies with excellent remuneration and all the extra rewards.
Cryptos are for trading,like yourself,for good rewards if very creful.
Good luck to those people, but now the Algos have taken over.
Like the huge drop in the last few days.
Proffessioal crooks are makin the moves in apparent co- ordinancion.
Just like all the market.
Trading is now much more dangrous than years ago. Even then it happened,but the same as presently.
Good luck.
Been in CEY. since summer 2020, first entering at 164, and averaging down ever since to 119. Was hoping for some uplift originally, with positive sentiment on gold, plus future pit wall stability issue resolution at Sukari.
I think I’ve been relatively patient, but last year’s positive sentiment on gold has not materialised over the months, as we head towards year end 2021, and the inflation hedge play just doesn’t seem to have kicked into play.
Whilst heavily invested in CEY, I found myself disregarding some of the negative press on gold, but come Friday, with other shares having dipped recently on Covid uncertainty, I bailed out of CEY, using the funds to re-enter Yellow Cake, and top up on IAG, TUI + CCL, on the basis the latter 3 should go up when Covid negativity starts to dissipate, and Yellow Cake, I should never have exited in the first place. CEY - I just wasn’t convinced had the ongoing compelling narrative, although I’ll be happy to be proven wrong, for those of you invested. Will continue to watch, and may well re-enter as and when gold does one of its shock, short, sharp dips, bringing the likes of CEY down temporarily for an hour or so. In the meantime GLA to those of you invested.
“Inflation is definitely on its way”
Barrick Gold CEO Mark Bristow at the
Global Mining Symposium
https://www.northernminer.com/news/the-northern-miner-podcast-episode-267-inflation-is-definitely-on-its-way-ft-barrick-gold-ceo-mark-bristow-at-the-global-mining-symposium/1003836751/
So what good had gold done the planet? Millions and millions have died over it since the dawn of time, nations slaughtered for it- I could go on....
Although the USA elected a Democrat government and Biden for president the appointment of Powell seems to confirm that the Republicans and big business are still really in charge, pulling the strings!
In the 21st century considering the environmental and ongoing pandemic challenges , not to mention a selfish foreign policy.Powell is certainly the wrong the wrong person in the wrong place at the wrong time, not the type of person that's needed to help combat climate change and create a better and fairer world based on equal opportunity for everyone, not just those at the top!
America claims to have classless society, not the case, those in power just choose not to recognise that claim is just a myth ,the reality is quite different and getting worse!
One of the overriding factors that has contributed to the sorry state of our planet is the purposely induced market instability brought about just to drive the indices up and down for a quick profit with scant regard for the wider reaching consequences.
I understand everyone is free to make there own investment decisions and they must decide if they feel morally comfortable about the wider reaching implication and outcome and how those profits or losses were achieved.
Just like some for their own reasons choose to believe and invest in accompany with the right ethos for a long term return, which hopefully will help contribute to a more stable future for all.
Remind me miz - what's Basel 3? :-)
Hi miz - Nice one - thanks for posting.
The new varient of Covid is likely to be useful, to get them out of this.
https://on.rt.com/bmbn
After all Covid worked for getting more time bot US and London for Basel 3 new regulations.
I don't why you’ve such a downer on him, he’s made me a packet since he became FED chair ??. Volatility is not surprising with this new variant .
Seems to put into doubt the reliability of Powell's predictions and strategy, he's out of touch with reality!
Hi Mr Bond,
Fair comments,
You have obviously also smelt the baloney!
Thankfully we have a very capable CEO running things now with a credible plan!
And gold on its way up again. ;) with news due on the 8th Monday should be interesting …
wait is the missing word!
Hard to tell as although a miss, as usual we need to for ensuing breakdown and other labour market bits and wage data breakdown.
Should help CEY when USA market opens.