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Wildtiger
Why don't you research the Chinese New Year and their physical gold buying going into January which should run for the next 6 weeks. Why not research that Centamin is increasing its production of gold in 2022 and that its reserves will be at or possibly increasing above mining depletion rates. Why not research Sprott Money and see where they say gold is heading in H1 2022. What I can see is that you snaffled 10% on a trade and that is it. To come back like you know anything about fundamentals merits the green box ignore button imop.
Crypto money starting to move across, BTC looking very bearish
"some research I did today made me decided to get out completely as I'm 90% sure this has further to drop unforunately."
Do share your research.
Memo item to check back here in 3 months, 12 months, to see if wildtiger did the right move.
Well you did pretty well with HOC, no one can get the exact top or bottom. I'm sure CEY could go up another a few pecentages from here but the downside risk higher based on my research.
I bought boohoo today at 100.6 so slighly up atm.
wildtiger,
Thanks for telling us what we already knew ( that you have sold out completely )
I bought HOC heavily when it fell to the 80s it then ripped on to the 230s where I sold and then up over 250.
I will just leave that thought there re what can happen with mining stocks valuations.
How are you getting on with BooHoo ?
I actually bought heavily at 80, check my previous posts. But some research I did today made me decided to get out completely as I'm 90% sure this has further to drop unforunately.
Have moved the money to Boohoo as the risk/reward is much better there for the short and medium term
No I don`t see us going to 80. In the last 2 days the major Western central banks have revealed how far behind the curve they are in having a strategy to combat significant upward pressure on inflation. I would be a good opportunity for Mr. Hogan to put his hand in his deep pockets and buy some shares. His ownership of a merely 45.000 shares when he is being paid over £2.0m a year tax free is lamentable. Unfortunately we are probably in a close period for such a purchase.
And what will you do with that marked post when it doesn't? If we hold you to it, what are you going to do?
If you're going to assert things, it's usually good form at least to try to substantiate it with evidence. What are you seeing down the pipeline that the market isn't?
wildtiger,
You are joking right ? The 80.9 was a one off Black Friday promotion, never to be repeated. Did you miss out ?
The drop isn't over, thats all I'm saying.
Mark this post
Well I won't be listening too closely to your predictions for a while!
Oh.
Weird interpretation of struggling.
If you listened to the webcast on the 8th Horgan said they were now in position to look at m&a if they see fit
Maybe a pre offer discussions are already underway and insiders cant now buy??
Looks like gold is struggling to break 1810. We might see 80 again in the short term.
Nothing else to say, except it has taken too long!
Hi Mr T
Its all a game, justifies Ambassadors to the UK, Trade Ministers, numerous junkets and post political life positions for mates, foreign consulates etc. There are talks and walks, and virtual meetings, all in a fairly virtual world nowdays. They achieve B&&ger all in the real world
Stalled negotiations for a free trade agreement with the European Union – delayed two months ago at the height of French fury over the axed $90 billion submarine contract – have been given the go-ahead to resume in February.
Trade Minister Dan Tehan confirmed the 12th round of talks had been scheduled, as he signed the UK free trade deal with British counterpart Anne-Marie Trevelyan on Friday in a virtual ceremony in Adelaide.
I am looking so forward to deglobalisation, including no foreign invasions for the betterment of the local people.
Lets hope the French don't bring up the subject of Nuclear submarines, and the Germans dont bring up the war. Troublesome lot the Europeans, got a lot to answer for.
from the most isolated colonial outpost
the gnome
That what the pl##s wanted......
Hi Mr Gnome,
Announced this morning a new post Brexit trade deal with Australia, (Load of horse **** really!)
9000 miles away instead of 22 miles away and the British trade department said the deal would add 0.08 percent to UK growth by 2035, Big deal!
https://www.politico.eu/article/uk-and-australia-sign-first-brand-new-post-brexit-trade-deal/
According to analysis commissioned by The Independent from top academics at the University of Sussex UK Trade Policy Observatory, the much-trumpeted free trade agreements (FTAs) “barely scratch the surface of the UK’s challenge to make up the GDP lost by leaving the EU”.
https://www.independent.co.uk/news/uk/politics/brexit-trade-deals-australia-new-zealand-b1959478.html
We haven't seen nothing yet with the gold price.
Boom- the recovery continues- gold price helping all PMs
European stock exchanges were below the flatline in premarket trade as investors prepared for the Eurozone November inflation report and monitored data on German producer prices and United Kingdom's retail sales. Yesterday, the ECB held its interest rates but announced changes to its asset purchase plans.
The DAX decreased by 0.46%, London's FTSE 100 was down 0.38%, while the CAC 40 contracted by 0.79% at 8:01 am CET.
Both the euro and the British pound were flat compared to the dollar, trading at 1.13352 and 1.33244, respectively, at 8:01 am CET.
Baha Breaking the News (BBN) / MS
Happy Friday y’al
I continually get a sick feeling about the leadership and actions shown by the Central Banks, and I will go for it, The lot of them!
On Wednesday, the Bank of England ended its expansionary £895bn asset buying program, only to raise its key interest rate by 15bp a day later. As a renewed Covid outbreak causes UK consumers to cower at home, investors were mildly surprised at this punchy move. In contrast, the European Central Bank stuck to its cautious script, saying it would buy bonds through 2022—albeit at a lower rate than expected—and beyond if necessary. Of the two, the UK’s tightening approach’ looks most prone to a forced reversal.
It is true that both central banks edged toward “normal” policy settings, as would be justified by an established economic recovery. At 0.25%, the UK’s base rate is two quarter-point rises away from its February 2020 level. The ECB signaled that policy will broadly return to its pre-pandemic orientation by October 2022, when bond purchases should be lowered to €20bn a month.
Yet investors were surprised at the BoE’s hike since UK public health officials have in recent days made alarming projections about the omicron outbreak, which is spurring consumers to resume lockdown-type behaviors. In response to all this gloom, the UK’s flash PMI just hit a 10-month low.
In contrast, the ECB has left itself wiggle room to react to both Europe’s bad Covid situation and rising energy prices due to uncertain Russian gas supplies. The pandemic emergency purchase program will, as planned, end in March, but the ECB has given itself the option to restart net asset purchases if financial instability returns; i.e. bond yield spreads widen too much.
Energy prices are a key worry for both central banks and explain more than half of the consumer price rises seen in the UK and eurozone in the last year. The ECB now expects consumer price inflation to average 3.2% next year, but to fall back to 1.8% in 2023 and 2024. About two-thirds of the ECB’s upward revision is down to expected energy price rises, with the other third due to other bottleneck issues. The BoE sees UK inflation peaking next April at around 6%, before falling slowly in the following 24 months.
Where the BoE and ECB really differ is on wages. UK policymakers look at Britain’s 4.2% unemployment rate and worry that rising prices will spur a spiral of wage demands and more price rises. While it is lower than pre-pandemic levels, the eurozone’s jobless rate still stands at 7.4%. In Spain and Italy, unemployment is much higher at 14.6% and 9.2%, respectively.
Supply-chain bottlenecks are squeezing Europe’s large manufacturing sector, and governments across the region have recently reimposed social restrictions to contain a fresh wave of Covid-19 cases. The yields on Southern European government bonds have edged up since the summer, putting pressure on highly indebted governments such as Italy’s.
Reality will take over from Idealism, ... and the rose c