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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Yes it is insider .
When it boils down to it , I think that the taxi driver the hair dresser her husband et al are acting out of the "fear of missing out"
This year that is lol
No disagreement from me Jeffa
Oh yeah now only up about 400%, damn it’s pathetic this crypto lol
Bitcoin is tanking, gold is flying..
Oooops NOT my only gold stock!
This sp is pathetic today compared with other pm’s. Glad it’s my only gold stock-
I'm wondering if Gold is going to surge now that Russia and China have been buying so much...
EXCELLENT !!!!!
https://www.bullionvault.com/gold-price-chart.do
Russia continues to add gold to the country’s huge forex reserves
https://www.rt.com/business/537986-russia-gold-reserves-growth/
Prices of precious metals moved higher on Friday seemingly prompted by the United States dollar's slight decline, as well as somewhat pessimistic data regarding Eurozone's and Germany's economic recovery.
On the COVID front, Germany's daily infections reached a five-month high, while Russia continued the grim trend of posting record levels of both new cases and fatalities.
Gold jumped 1.31% to sell for $1,806.43 per ounce at 9:35 am CET. Silver strengthened 1.86% to sell for $24.61 per ounce a minute later and platinum added 1.52% to go for $1,068.94 per ounce. A minute after that, palladium was up 0.35% to sell for $2,026.5 per ounce.
Breaking the News / BU
Steve as soon as I mention the sells are always more than the buys the current volume goes the opposite way as if to prove me wrong. Today’s buys are currently at 4.4m with the sells at 1.2m
Some say the volume is not a reliable gauge.
I honestly don’t know.
On the plus side Mark Bankes bought 40k shares a couple of weeks ago so surely if there was anything negative in the upcoming mine report I’d imagine he would be aware.
(MrBond commented the day Bankes purchase RNS was published something about how he could afford to buy a lot more. MrBond if you see this can you please comment.)
The other day the metals were up and I checked five miners and they were all flat.
I’d just like to see a bit more positivity about the share price that’s all.
Gold on the up again
https://goldprice.org/goldprice.org
Thanks Razor- Cowichan or Goldgnome anything to add would be much appreciated
Steve I have no more knowledge on the life of Sukari than I expect you and many others have.
There is a life of mine report scheduled to be published on December 1st.
The stock does seem to be limping price wise, no matter what way the market is trading Cey shares always show a muted response.
Watching the volume after the close every day this last few months has proven that the sells are continuously out performing the buys.
I found this interview refreshing, in that it's from a precious metals investor:
https://www.youtube.com/watch?v=LCM6YnCpdlE
Thanks Razor- what is the position on Sukari now? I'm unclear- will it get back to where is was once clearing done?
This article isn’t particularly interesting but it does raise the irritating question as to why Centamin shares are not £1 plus.
https://www.asktraders.com/analysis/centamin-shares-are-falling-despite-q3-results/
candidinvestor, blockchain is simply a math formula resulting in an answer known as a hash. The next block contains information and has a link back to the previous block and is hashed. The "chain" continues. Blockchain is nothing more than a way to seal and validate information in a public way. Nothing special about it what so ever.
Bitcoin might be around but if you can't buy it as it is regulated, sold, traded and is illegal, do you really want to "buy" a block of that algorithm I described really for $60k? Glad for the people who made it rich but it is ridiculous as a financial asset you might as well sell the numbers, 1, 2, 3, 4, 5, 6 etc there is ZERO value in it.
Ill start the bidding for the number 1 at $100k
Same people probably have warehouses full of beanie bears from the 90s waiting to make it rich.
don't you think the technical reason is simply that the China crisis requires $ hence the bond offering in USD. There is not enough USD liquidity (crazy I know) but this is pushing the $ up against currencies as they scramble to cover debts and pay for assets in a global market which is valued in USD again the cause for the in illiquid $ which is going to push $ up further and GLD down.
On the flip side of all of the above, strong $ vs GBP so Cey share price goes up.
Opinions?
To celebrate 50 episodes of demystifying the precious metals markets, Andrew Maguire takes the LFV audience for a sneak peek at the 20 tonnes of .9999 silver sitting in Kinesis’ new Liechtenstein vault.
In more silver news, the life-long wholesaler shares word of new, unprecedented demand entering the physical silver market, with the impact on the paper-driven price yet to be felt.
In the aftermath of last Friday’s Consumer Price Index (CPI) shock, the precious metals expert reevaluates gold and silver, and exposes the technical trickery behind gold’s sudden $30 drop.
https://www.youtube.com/watch?v=WSMiH2k8MNc
The opinions expressed in this video of Andrew Maguire and any guest, do not purport to reflect the official policy or position of Kinesis.
What my son did say was that bitcoin along with Blockchain technology , is here to stay, in the same way that the internet is , whether I liked it or not , and on that point he also said that the take up rate of bitcoin is quicker than it was for the internet .
He maintains that volatility will gradually diminish with time and that it's already much less than what it was when it started up (which is true) and that this trend will continue
Time will tell
Regarding your other post , I have met 2 people who have just invested a lot of money in bitcoin ,. My taxi driver 2 days ago and my hairdresser ( and her husband) yesterday .
None of them knew why they were investing apart from getting on the bandwagon and making huge profits like everyone else . There was a spring in their steps
There's a sell signal if ever I saw one .
Thanks Gnome
That's a very good point about the optionality theory.