The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Signture bank on Sunday stopped trading and all exectives removed.
So now more safe haven seekers.
Signature Bank next casualty, Reuters .
Now the FED is up against it, but a few hundred million is small potatoes to them, ehen you consider their military budget.
No, more likely to do the opposite
Sounds like will not at least this time to avoid the same to other banks, but what do you thing?
Dan,
GLTA
Interesting article Mr T and again demonstrates the need to take control of all your finances yourself- and by this I don't mean do all the trading, but I do mean fully understand what the people you use are doing- I've mentioned this soooo many times over the years on this board. To repeat, my main pension is global equity based, I took this decision ~10years ago- when I looked back in history, the evidence is clear- the doomsayers success is minimal compared to the optimists and doomsayers miles worse off over the vast majority time frames. What I object to is the terminology used by some pension analysts and companies and financial advisors (the poor ones that it is)- eg "we'll go safer for you and reduce the risk"- used to mean bonds, lower risk, lower return, less likely losses0 I had one advisor who I stopped using who had my portfolio split into medium risk and had some bonds, some cash as well as equity - heck cash loses all the time- and the pension was only balanced annually so a loser there straight away. It's interesting to note that the a complete opposite article could have been written to this Guardian one in Jun2020 when people looked at their pension and a lot had lost ~30% due to the COVID initial whack!!! (this pension guy moaning would have pleased as punch them lol )So there you have it- just understand what you have - IT'S YOUR RISK- YOU'RE MONEY, and up to you on WHERE'S it allocated- I've no time for whingers who blame companies for their pensions going lower, when they should spend time to understand their finances themselves. Rant over
Pensions: why do those retiring face ‘massive’ losses despite FTSE highs?
Laith Khalaf of the investment firm AJ Bell – who a year ago warned about the risks of pension savers sleepwalking into a disaster – says: “Unfortunately, bonds were inflated into a big bubble by years of low interest rates and QE, which went pop when inflation returned and interest rates climbed.”
https://www.theguardian.com/money/2023/mar/11/pensions-retiring-losses-ftse-aviva-value
Idiot
The only way is UP Now!
Follow the futures markets for the best indicator. Needs FTSE to tick up to help here, then we'll move in the right direction, we are, after all, a stock and not gold itself...
Canadian mining giant Barrick Gold is responsible for poisoning an Argentinian community’s water supply five times in the last seven years.!
https://actions.sumofus.org/a/shutdown-veladero-mine?sp_ref=796250259.99.225704.e.0.2&referring_akid=119723.3436857.BG3o6H&referring_source=fwd&source=mlt
As I write $1887 or 1562 pounds.
Interesting tosee what will happen at 2-30 pm when Wall St opens ?
It didn’t tumble back down to 1800 as it didn’t get to his 1870 before the dip he claimed would happen, it didn’t even get to 1850! So he was completely miles off on all counts- so just another “click bait” person that makes money out of predictions - there are enough new people out there as first timers for him to be right at their time of reading then when they stay with him, he of course will be wrong- just like those that are initially wrong are eventually right at some point- as i said gold can only up or down so it’s dead easy to be right some of the time, harder to be right on explicit values though- putting any faith is totally bonkers
Yes pleasing if seems to be the case, he said gold would top out around 1870, but sold earlier as he wasn’t sure, in fact it only made it to 1860 before tumbling back down near $1800. I haven’t read what he said subsequently but overall Let’s hope he is quite wrong,. I would like nothing more than him to be very wrong and gold to soar above 2000.
European stock exchanges traded mostly higher in the premarket session on Monday following a rocky week marked by the Silicon Valley Bank's (SVB) crash that prompted fears that the bank's issues could spread on a wider scale. The Federal Reserve announced it would protect the bank's depositors, measures that would also apply to Signature Bank after regulators shut down its operations to stop potential spillover into the banking sector.
Frankfurt's DAX rose 0.17% at 7:02 am CET, and the Euro Stoxx 50 gained 0.07%. The CAC 40 was flat, while the FTSE 100 dropped 0.10%.
At 7:21 am CET, the euro was 0.80% higher against the dollar, to sell at $1.07234. The British pound climbed 0.74% versus the dollar, changing hands to $1.21154.
Baha Breaking News (BBN) / AB
Happy Monday y’al
This could be a Monster week for Cey’s share price,
A perfect storm.
Fingers crossed!
Looks like your expert was wrong Sotolo- gold exceeded his 1870 prediction and also has not fallen hard so he is and was wrong.
Like I said, these people are wrong as well as right as gold can only go up or down lol.
To clear it a little look at Altus Stategies, part of Suwaris empire., Campbell is now President.
Published 02/08/21.
Not that easy to follow the twisted trail, but that is Suwaris.
Hi Dasut, yes good points, although I suppose at la east a reliable water supply (albeit salty) was more easily available than at the other location.
Thank you Mr Bond, although I cant say this is what they were talking about,
Aton’s 100% owned Abu Marawat Concession is located in the Central Eastern Desert of Egypt, approximately 200km north of Centamin’s Sukari gold mine. Aton has identified numerous gold occurrences throughout the entirety of the concession area, including the Hamama deposit in the west and the Abu Marawat polymetallic deposit in the north east.
https://atonresources.com/projects/abu-marawat-concession/overview/
https://atonresources.com/investors/overview/
https://atonresources.com/news/2022/aton-provides-corporate-update-on-its-abu-marawat-concession-agreement/
https://atonresources.com/about/aton/
https://atonresources.com/about/management/management-team/
The Rodruin project was discovered by the Aton team,
https://www.mining.com/aton-outlines-plan-to-build-egypts-second-gold-mine/
Tibbs with respect there is no easy water, Sukari had to build a desalination plant and a pipeline to the coast which is a significant distance and expense.
Aton Resources as far as I am aware are still going and are still working at Abu Marawat and a few other areas.
Lol Mr T- over the past 10years I've lost count of "Russia spending billions on gold", China spending billions on gold", bank spending "billions on gold"... and so on- although at some point, somewhere someone will be right- after all, someone wins the lottery...
Mr Tibbles ,
The other mine is Aton Resources bassed in Abu Marawat.
The concession was awarded in 2007.
But never had sufficient backing for much more other than hope.
It was taken over ,if my memory is correct by maybe END,if not Bristow.
10 Mar 2023
The Federal Reserve borrowed over 100 tons of physical gold from the BIS to sell it into the market, in an attempt to push back against the rising price of the precious metal.
https://www.youtube.com/watch?v=2inKxSXz0Z4&t=7s
Hi Cowichan & Dasut,
Opinion of an experienced mining analyst -
About higher production in 2023 despite higher grade, some of the open pit mine production is stockpiled with higher grade sent to the mill. In other words, the mill will treat only slightly lower grade as is shown in the graph for processing plant production.
From the graph I cannot determine the exact strip ratios in each year, but it is clear that this is substantially higher in years 2022-2024. So yes, until 2025 the outlook is for lower cash flow from open pit production.
I always considered the underground mine production as the greatest contributor to net free cash flow!
In this respect the drop in grade until 2025 will be a brake on cash flow. They seem to want to compensate this through higher output and cost reduction.
Thank you Mr Bond, I also seem to recall you referring to this subject in the past, so then if you are sure that Sami refused the other richer reserve option then you likely have a good idea of why and also the location of these reserves, if not then how can you be so certain?
Hi Dasut,
Thank you for that input, I thought you may have sone idea considering your professional insolvent from the early Sukari days, I really have no idea as to the accuracy of the claims, or the location of these rich reserves from two separate sources, both parties have been involved with Centamin for well over a decade ,one at corporate level and the other in the services related drilling industry
However that said I agree with your opinion that Sami and Centamin must know the location of these reserves, although how they would overcome cope with the associated distances and lack of easy water access remains very relevant I would assume?
The assistant was Mark Campbel, if anyone is interested.