The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust 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.
Hi Tibbs
The 'Cayman Cabineteers' are in full control now. - I've never known it as bad or more blatant. - When the FCA and regulation are part of the problem. When they are deliberately looking the other way, in other words 'Law and Order' has been abandoned, then the outlook for our society as a whole is in serious jeopardy. IMO
??NEW SAFETY RECORD??
Our #SukariGoldMine team have achieved 4million hours without an LTI, including 1million hours injury-free. We are committed to cultivating a strong #safety culture to ensure everyone finishes each shift safely. Well done to all ????
#safety #protect #CEY https://t.co/s2JYH0H90f
Off topic, but it just shows the "stinkers " are everywhere, even in company board rooms the wold over no doubt, keep going Don!
The Geoffrey Cox headlines look bad – the reality is worse
Written by: Oliver Bullough All articles by: Oliver Bullough
The British Virgin islands is not a country, it’s a loophole used to dodge tax, regulations, laws and oversight – and the Tory MP is helping it to do so
https://www.opendemocracy.net/en/
Ive got loads of share certificates and dealing notes with many £000' given to me by my parents from the dot.com boom. I tried to go through them and see if any where still around today, only a couple, and they seem to have merged many times. Crypto is the next dot.com. People(masses) dont like it and refuse to adopt it, it will not catch on in the current form, why would you pay $66k for a bit of code, madness, at least with gold there is 4000 years of form, Id much rather hold 150 gold Sovereigns... with a glint in my eye.
Too embellish, this is is why I only a hold a small % of my overall portfolio in gold stocks, and not with just 1 gold stock. The wall issue in Oct2020 is simple evidence of how high risk gold stocks can be. Like everything, the higher the risk the greater the potential profit and equal great potential loss.
Many managed fund pension providers "top slice", swap stocks all the time, move into cyclicals etc when timing they believe is right. There are pros and cons of both so a mix is best, and let's not forget that many have been stuck with massive losses on underperforming companies, some have lost the lot by staying put eg Thomas Cook to name but one.
CFD Trading Top Slicing
Top slicing is something that some brokers encourage CFD traders to do, it makes a nice commission for the broker on a particular stock and gives the client the illusion of a making a profit, the downsides is that the loss is increased on the clients remaining shares in that particular stock making it more difficult to get out of the CFD position which keeps accumulating interest charges on a 24-hr basis.
Brokers such a Logic Investments of London who operate a supposed advisory CFD service to clients pester their CFD clients to buy in £10,000 positions and then sell any positions if they move into profit, a nice little earner or the broker who takes no risk, the client is often then encouraged to jump back in, open another new CFD position, another nice little commission for the broker!
Generally speaking, a long-term investor is better advised to forget tactics such as top slicing and instead take the dividends and any opportunities to average down a stock price over the long term.
The T2W forum seems more suited to those who are interested in finding out about “Top Slicing”, my advice to anyone is to stay well away from CFD trading and also “Short positions” 75 % of CFD traders lose money, although the brokers and banks always win!
Reading through the info supplied by Cowichan is like reading a John le Carre novel. - Tinker-Tailor-Soldier-Spy. - Whatever.
A complete matrix of interconnections : - Government, EMRA, Centamin, Shalateen, Sawiris, Endeavou, Alf. - I fear there is more to this unfolding novel than meets the eye. - Are we to be shafted again? - There's one thing for sure, thanks to the good works of Cowichan, Tibbs et al, we are looking-out for it this time. - If there is something in the wind, I'm hoping it doesn't involve controlling the SP for a specific purpose/outcome, in a similar way to how Gold is being kept in check. - Keep tuned.
Yep and ESG like every other new buzz, is getting hyped and there will be winners and losers initially then settles down into mainstream... some will make a packet, some will lose a packet- those who want to take the most risk will get either, and the majority will get somewhere in between...
Many ESG fund's are not as green as the likes of BllockRock & companies like Microsoft lead the public to believe
https://medium.com/stanford-magazine/carbon-and-the-cloud-d6f481b79dfe
https://www.bbc.com/future/article/20190207-why-streaming-music-may-be-bad-for-climate-change
The increasing popularity of electronic audio streaming could be having unintended dangerous economic and ecological impacts, based on the new study.
https://www.summerfieldgov.com/how-music-streaming-services-like-spotify-impact-the-environment
The general public are easily misled by clever marketing of big funds and the lack of action by the worlds government's and countries corrupt politicians who fail to clamp down on illegal mining and instead promote properly licensed gold mining by environmental aware companies like Centamin
https://unearthed.greenpeace.org/2021/09/01/amazon-blood-gold-likely-being-imported-by-uk-researchers-say/
https://globalinitiative.net/analysis/organized-crime-and-illegally-mined-gold-in-latin-america/
In Peru and Colombia – the largest cocaine producers in the world – the value of illegal gold exports now exceeds the value of cocaine exports. Illegal mining is the easiest and most profitable way to launder money in the history of Colombian drug trafficking.
The gold business is changing, many of the bigger companies are changing their strategies,” says Richard Morgan, head of government relations at mining giant Anglo American. “We are doing much less in Africa and no gold at all. South Africa may still have massive gold reserves but for a big company it’s all about the business case,” he adds.
https://www.theafricareport.com/58295/why-much-of-africas-illicit-gold-trade-transits-through-dubai/
https://www.business-standard.com/article/markets/mandatory-hallmarking-of-gold-jewellery-by-diwali-116041800144_1.html
Another environmental impact of Diwali
Torched grass and litter were the most reported impact of the celebrations but the sound of the fireworks has also been criticised for distressing wildlife.
Stacey Leavly, another infuriated Londoner, from Richmond, said: “All fireworks should be banned from residential areas and only very few controlled displays allowed.
https://www.mylondon.news/news/south-london-news/london-parks-ruined-fireworks-following-22099478
October 2021 CPI data are scheduled to be released on November 10, 2021, at 8:30 A.M. Eastern Time.
Yep- but this always occurs- like the .com boom. There will be losers at the start but look at the market cap of so many tech companies that were spawned around that time. Crypto initial craze happened years ago- now more and more respected organisations are on board, this is ever increasing - regulation has started, causing more rise in prices, it’s not a case of either or… I’ve already stated where my crypto investments are- you have to balance your risk in that class too- just like with gold stocks, I don’t only invest in CEY. I have zero emotional attachment in any of my investments and they don’t emotionally invest in me- if I were in the inside of the companies, that would be different
Steve
Of course everyone will or should be doing that in crypto but when I see journalists and internet constantly pumping crypto I become very suspicious. No doubt the very same people behind the banner headlines are locked and loaded and many of the sheep will be holding when they have sold down.
They will then be pumping the headlines about fools and their money.
Just my opinion of course. There is always a danger of ‘falling in love’ with your investment whether that’s CEY or crypto or both.
Many wish they had top sliced at 220 here…
No one is denying stocks and property and other assets have value, it’s key to have balance on one’s portfolio
Seen it all before with the dot com bubble. I remember a company called Oxygen. Floated at 15 x it’s value on its debut to the market.
How on earth they could put a value on it in the first place is beyond me. It was 5 guys in an office, a telephone and a fax machine.
Any shrewd investor in crypto should be top slicing and buying or investing in tangible assets.
It will come down as quickly as it’s gone up, if not quicker. Just like a good old fashioned bank run.
Seen it all before. Each individual has their own risk v reward opinion but history will be the judge of who is right and who is wrong.
I’m the meantime I will continue to top slice my profits from my profits in the markets and continue collecting my rent.
ESG stocks are a very big threat to PM stocks and yet never mentioned. Gold mining scars the earth for bling- this is an extreme view of course, but gold is a finite "natural resource" and ESG are gaining ground massively, a big threat.
Ooops, apologies for repetition lol
On day LSE will make and "edit button"...
Fanatic risk taking? What are gold stocks? All on the same spectrum, you make it sound like crypto is something new, it's another method, and more new methods will come around.
Since the dawn of time people have gambled... now crypto, gold, shares, houses etc etc... the desire to make easy money and not have to do manual labour to earn money will always exist and humans will constantly invent new ways of doing this. Since the dawn of time people have gambled... from horses, footie, casino games... now crypto, gold, shares, houses etc etc... the desire to make easy money and not have to do manual labour to earn money will always exist and humans will constantly invent new ways of doing this. The most popular ones are ones that have a hook to something else, eg you need to live somewhere so need a home, you need to common methods of payment (and lessen the cost of the intermediaries), and people like nice things to demonstrate their wealth and demonstrate this. This is why I decide on balance.
Apple is eyeing a push into cryptocurrency amid soaring interest in digital money as prices surge
Subscription only:
https://www.telegraph.co.uk/technology/2021/11/09/apple-mulling-cryptocurrency-move-tim-cook-says/
Steve not lazy. Tulips were introduces to Holland in 1593, they rapidly became coveted as luxuries and started going up and down in price. Short selling was already banned in 1610. By 1634 foreign speculators entered the market. Prices continued to rise into 1636, then reached a peak and collapse in 1637. The South Sea co lasted 9 years till its collapse. Just my view Crypto is another of these but I may be completely wrong but not lazy so why not just say you disagree rather than being pejorative. Everyone’s view here is valid especially when founded, why do you think Cryptos will keep going, I suppose impressionist art and houses have but not in such a bubble like way? A final sentence from the Wikipedia tulip article to chew on: “ The existence of the plague may have helped to create a culture of fatalistic risk-taking that allowed the speculation to skyrocket in the first place”. Now far more important how many goes will it take gold to break through 1835?
Shares in Europe traded lower in the premarket on Wednesday as COVID-19 made a return to public focus. Germany saw another record rise in its rate of the number of people infected with coronavirus per 100,000. France's infections from the disease registered daily reached a two-month high.
Earlier, member of the European Central Bank (ECB) Executive Board Isabel Schnabel warned of a potential instability concerning house prices.
The DAX went down by 0.17% at 7:19 am CET. At the same time, the FTSE 100 declined by 0.22%. Meanwhile, the CAC 40 decreased by 0.13%. The euro lost 0.16% to the dollar to sell for $1.15770 at 7:38 am CET. At the same time, the pound sterling stood flat to the greenback to go for $1.35522.
Breaking the News / JR
Happy hump y’al
Tulips lasted a year Sotolo, cryptos >10years in a vastly accelerated world - lazy comment.
OK, I see BlackRock have been selling down their position as has a group of Insurers, so the supply of CEY shares on the market >> demand, so that explains the share price behaviour over the last few weeks. The Blackrock view is below, and so their sell down is across the board, and I would imagine a lot of sycophants would follow their lead.
"BlackRock Inc. fund manager Russ Koesterich has sold almost all of his gold holdings on expectations that real rates will normalize as the global economy rebounds.
“Fourteen months ago, we had a fairly significant position in gold. Today, we’ve reduced it to almost zero,” Koesterich, the manager of the BlackRock Global Allocation Fund, said during an interview with Bloomberg Television. “If part of our view is that real rates normalize a bit, that particular commodity is unlikely to work as well as it did in the middle of 2020.” '
I think the thinking is delusional. Gobal economic rebound? The costs of business are very high, logistics/supplies 6-9 months and costs of sending materials around is unbelievably high. Wages and salaries (10-30%) are going up, workers are moving on, so there is a game going on to increase salaries to attract and keep the best. Real producitivity is mired in more bureacratic red tape, adhoc covid related protocols, Energy costs up (Fuel by 30-40%). Real estate unsustainably high (up 20++%). We are massively short on skilled workers, and very hard to get them into Australia, and West Australia is just about to put up its walls to the rest of Australia (and some say its due to the inability of the health system to cope with any covid outbreaks of significance? not sure what the government has been doing with the excess cash from the iron ore price extravaganaza?!!) Flow on from various emissions issues will increase costs.
So the global economic rebound is a big bet, and I will sit that one out, and position for a slow creep forward.
Political leadership abysmal (somethigs dont change - sigh)
Warren Buffett’s Berkshire Hathaway reported a two-thirds decline in profits in the third quarter compared with the same period last year, while its cash pile hit a new record despite increased share buybacks.
Inflation spiked, interest rates similar???...I think higher for longer will be around for lot longer ... more like a mountain range looming not a spike.
best
the gnome.
Candid, hopefully yes, looking at the past gold should now rise as real interest rates look very likely to fall further. However historically as said the opportunity cost of holding gold is versus bonds, whose real rates are going even further down, good for gold. Butnow gold is also competing with qe elevated shares and cryptos, so when that tulip mania bursts and the dust settles gold will hopefully be off to the races. However this summer I visited the stunning Houghton Hall that Robert Walpole built on his south sea bubble profits, these things can go further than you think possible,…..
Wow.....thanks Tibbs for your kind remarks . They are both appreciated and reciprocated.
Yes it has been a steep learning curve , but one I am enjoying immensely . I am retired now so I have time to contribute in areas where my strengths lie .
I have also found it extremely useful to gather the knowledge , thoughts , hopes and fears of all members of the forum , too many to mention , but please be assured that any contributions I do make, are done so with the spirit of good intention.
Yes I agree, together we make an effective group , and if I may say so , you are the glue that holds it all together
Best Regards
Candid