Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
The following summary is taken from the BBC News Site:
US inflation has come in higher than expected at an annual rate of 9.1% in June (versus expectations of 8.8%), a new 40-year high, and up from 8.6% in May. The core rate, which excludes food and energy costs, edged down to 5.9% from 6%.
A .3% increase above expectations, particularly when accompanied by a small fall in core, does not strike me as dramatic.
Gold now moving back up so hopefully the markets are feeling the same after the initial knee jerk.
Best wishes,
Prof
Prof What I find interesting is that M! money supply is still going up in USA and gold is going down in USD terms. There was a historical link between the two for decades which occasionally does have a gold overran such as 1980's and sometimes it was M1 against gold as it is now. The M1 data should have gold around $2020 per ounce. The distortion I presume has to eventually correct itself.
oops M1 in previos
Mad day lol- up goes gold and indices - hopefully :-)
someone heard you Torn.... this bounce will make the huge futures contract short levels atm nervous :)
Gotta love the volitity or just don't look..
We're GREEN yippee
Lol halfpenny- mad day
Tony,
Let us hope so. Gold at over $2k would certainly help our share price!
Best wishes,
Prof
Crypto holding up better than PMs
Relentless dollar battering PMs
Buy order for sub .75 always an opportunity if you believe the rhetoric from the company?
Bitcoin down more than gold so far SJ
That's why I said crypto and not BTC . Although now you mentioned BTC which is down ~1.75% where's cey is down ~4.35%
It's been a poor time for most things recently, since the summer of 2020 here and past 12months in most places overall- need a monthly usa data point figure next time showing inflation tipping out, then another without increase or a drop- else continues to struggle - RNS q2 next week will move thing too here, either way...
PM's precious metals not miner's, potato potatoo tomato tomatoo let's call the whole thing off lol
Miner's have been shocking for obvious reasons in hindsight- i trade/hold a few and all red today where's all cryptos green today
Hi Steve and other members,
after years of Pardey and El Raghy spin Centamin is buggered until Martin Horgan new strategy starts delivers some credible results rather than just promises!
Lets hope it won't be too much longer !
US dollar gaining strength whilst the POG is getting hammered, nobody seems to care that the dollar is held up paper trading and spin?
Also "Brave" is a lightweight and secure web browser that also includes a crypto wallet!
https://brave.com/
hi Halfpenny,
Huge disconnect in the PM markets will covered in the LFTV episode recorded yesterday which is published tomorrow.
It's all about the timing and lots of good luck but goldies will recover especially ones with great resources and low borrowings like centamin.
Agree mr T- here's hoping next week is the beginning :-)
S and p and gold recovering in the usa- let's hope this momentum holds until close and we could see a jump at the opening tomorrow