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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Just sit and wait .
As you are an investor not a trader the SP although not pleasant does not represent the value or future value of your investment.
The US as a world controlling Nation is in decline for various reasons ,they will drive all assets down if poss to protect the $.
The current Worlds Trading currency.
If that is lost then they are really in trouble with confidence in their currency, down the pan maybe.
It will take a few years more.
IMHO.
Iv watched CEY share price for years and what is puzzling is that when gold was 1300/oz, the share price was much higher than today and gold is still trading at 1750usd, plus this is a good dividend payer… I can’t believe that one is able to pick up shares here for 90p, however what worries me is what will happen to the SP if gold drops back to 1300 level/ which would not make any sense in today’s inflationary world…
Sorry Razors that link is not right.
file:///var/mobile/Library/SMS/Attachments/65/05/DFFFF5CE-1017-4010-B481-90A887DC05B8/v09044f70000botnkaorvqs3bmu8cq9g.mov
I like the idea Cowichan - It would be a bonus for existing shareholders if it came about. - Obviously, I can't say about MH, but the forces at play within Centamin in recent times have not been about the best interests of shareholders.- It's only been about their own best interests. - Even the chair of Endeavour picked-up on this.- Unless there has been a dramatic change in mindset and I'm not talking about a dramatic change in rhetoric, it's unlikely that things have changed.
McEwen Copper is another recent example of a spin-out of undervalued (or zero valued) mining assets into a new entity jointly owned by existing McEwen Mining shareholders and (soon) new public investors.
McEwen Mining had thus far been a great disappointment for early stage investors — but now that the gold and copper divisions can attract their own type of investors — there stands a better chance of value creation and development funding that doesn't impact the original company
To kick things off until the IPO sometime next year their Chairman, CEO and current largest shareholder Rob McEwen has personally invested $40 million into the new spin-out.
Hopefully Centamin can have a serious look at the spin-out option for Burkina Faso.
( i-80 gold in Nevada was an orphaned deposit much like Batie West - and in a few short months its really taken off with investors - attracting a deal with Barrick only last week )
McEwen Copper Video:
https://youtu.be/bjQ3LF5ykKE
McEwen Copper Presentation: https://s21.q4cdn.com/390685383/files/doc_presentations/2021/McEwen_Copper_Presentation_July_6_a.pdf
Don't worry, we will rise again. Though it tarries wait for it.
????????
There's a new buzz-word emerging, taken from the Lexicon that comes with the new-world of crypto-derivatives.
'Impermanent'. - So, at any given time, providing you haven't sold your position, you can be holding and 'Impermanent' loss or an 'Impermanent' gain.
You can't time the market ..but personal gains and losses only chrystalise when you sell . Until then they are just paper gains or losses
The other thing which is being mooted along with the possibility of raising rates is the fed gradually bringing an end to quantitive easing , both of which have a negative impact on gold price .
Early this morning there was another dump of paper on the market which has drven AU and PMs prices down, in fact a good proportion of shares suffered the same.
This will continue at least till the end of the year.
But a glimmer of hope, Jerome Powell after being pressured by Senators and Wall St ,ordered an investigation of FED members trading practices. About time. (Kitco News).
Now we all have to grin grumble and bear it.
The current gold price is being more influence by the prospect of the fed raising interest rates. Gold doesn't pay a dividend so in that sense , there is an opportunity cost of not being in interest earning cash .
I see the banks are doing their usual manipulative move yet again bloody disgusting when they shut down the little guys when they were making a few quid in their revolt when GameStop was being bought like mad putting pressure on the shorters who got their arse burnt.
It’s all one way traffic with the multi billon dollar banks.
But bugger them I’m in this share for the long haul and as Halfpenny said in his post I too can live a very comfortable life on the Dividend from CEY so keep the faith guys this is a good company and hopefully the management will now push it forward into a much more profitable business.
Also retail sales fell 1.8% in July so a 0.7% increase in August didn't even make up half that fall. Also family's with children got helicoptered $'s to keep them solvent.
If you listened to all the advice given you would be buying and selling 20 times a day! Be patient!
I laughed when someone said it's going down to 85p, I should have listened and sold when over a pound
Gold bullion banks getting some help to get out of short positions. August is return to school shopping month and this time children actually go to school and need clothes. It would be weird if retail sales had not increased both in USA and UK. Lets see if this finds its way back up over the coming week. Everything bought when priced in gold ounces is getting very expensive.
I will go along with that thinking Rebess.
They control the system certainly in the West ,but the Eastern countries are fed up with being threatened.
The dollars demise will be long and painful, with likely no gold to beck it.
As you have often said the future is gold backed crypto.
It looks like being the Yuen in 5 years.
Because China/Russia have accumulated so much gold, is part of their plan to make gold redundant and in doing so scupper their plans going forward? -They seem to be trying to achieve this in every other respect. - Given the history of gold, you would have to think this will be a difficult task. - Ordinarily it would be, but when you control the world's currency/monetary system already, maybe not so much of a task.
UK Gov.not in the gold-buying business. - America in the same camp. - Between them they are able to control/manipulate the price. - What is their plan i wonder? - How will it affect the market going forward? - Is there a cunning-plan in play. - How long can it play-out? - My fear is, a lot longer than those influenced by KWN commentators might imagine. - I'm not talking months - nor years. - Decades perhaps.
Hi Bob,
Thank you, my old broker friend gave me an explanation along the same lines around 20 years ago when the majority of trading was done by your personal broker and via the telephone, he always said that that market was skewed in favour of those that make it and they rarely come out on the wrong side!
The tailwind gold awaits is deflation in 2022 then we'll see it pushing well into the $2000's. Meanwhile there's renewed autumn/winter pandemic worries, potential vaccine resistance, and lots of sabre rattling going on in the world ((South Pacific sea, North Korea etc.)
Quite happy to park my money here for the foreseeable future and live off the dividends.
Equities in Europe traded higher in the premarket session on Thursday, with investors looking at remarks made by the European Central Bank officials to give them a sense of the state of the economy.
ECB's Isabel Schnabel noted that markets may be overestimating the impact of the coronavirus Delta variant, while Pablo de Cos asserted that the inflation increase is only temporary. ECB President Christine Lagarde will have a speech later in the day, as Lane noted that alternative measures may be needed in the next policy review.
The CAC 40 was 0.30% higher at 7:45 am CET, as the DAX increased 0.19% a minute later. The FTSE 100 gained 0.18% at 7:47 am CET.
The euro fell 0.09% against the dollar trading for $1.18062 at am CET, while the pound stood flat against the American currency changing hands for $1.38326 concurrently.
Breaking the News / OL
Gold going forward
When the gold price is declining or consolidating, gold equities tend to underperform. Even when gold rallies, gold stocks can sometimes lag during the early stages of the rally while markets digest the new outlook for the metal. Something similar is happening during this recent bounce back in gold prices. The revenues and earnings generated by the companies at the end of August is essentially the same it was a month ago, yet the stocks are trading at lower prices, creating a value opportunity.
Gold has been consolidating its gains since reaching all-time highs of US$2,075 per ounce a year ago. It nearly broke out a couple of times this year but failed and, in early August, dipped below its bull market trend bottom of US$1,760. Since the current trend began in 2019, gold has always bounced higher when testing the bottom of its range.
We have been disappointed by the failure of gold to hold at such a critical support level and subsequently believe that, in the shorter term, it may spend longer than anticipated consolidating around the US$1,800-US$1,900 per ounce range. However, the upside is that gold was quick to rebound from this “flash crash” and so a show of continued resilience should help reestablish the bull market trend and allow us to look back on this event as just an insignificant blip.
In the longer-term, once this consolidation has run its course, we still see plenty of tail-risk drivers that have the potential to drive gold to US$2,000 per ounce and beyond. We believe inflation is a longer-term problem and will persist into 2022. Economic growth is at risk once the massive fiscal spending has run its course and is further threatened by the potential removal of monetary stimulus. Finally, extreme debt levels and asset bubbles may not be sustainable, creating a risk-off environment that favours gold.