Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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And all the best to you and everyone else on this great forum over Christmas and 2023! Well said too- I also forgot to add, start your pension from work age which I and my kids did and do- luckily now this is far more visible and mandated with offerings nowadays a (free money from your employer and ace tax break especially for higher rate tax payers) and great investment potential over lifetimes. Yes, on CEY, holding up very well- not heard anything yet though on capital structure review, that could move things as the narrative of how this will be very important.
Hi Steve. Very well said and almost exactly mirrors my own life experiences. I wasn't born with a spoon in my mouth .very far from it being born in a single bed flat above a sweet shop and the first 6 years of my life in a council house.
Both my children were bought up with a work ethic and aspiration and are now very successful in their own right. A little story but my daughter thought (and her friends) that we were awful parents demanding 20 percent from her wages for living costs with us her parents. However we banked every penny and revealed that when she set up house with her partner gave her 20.000 pounds towards their new home. Parents from heaven not hell.
Regarding housing . NHS. G.P. surgeries etc etc. If any body is interested look up population increase in this country since 1998. To avoid bias get the figures from the E.U figures which were monitored for budget contribution by them and not from UK figures . An increase of 6.5 million population since that date. Have we funded our infra structure to cope . No no no . I live in an area where it seems every field has development on it . I have no problem with that except a massive percentage is 3 or 4 bed detached properties with a starting figure of 4 or 500.000. Where can starters on the ladder going to get a start?
However getting back to CEY absolutely delighted with the smooth increase in SP. Bodes very well for the future progress as support structures in the share price to my mind is most encouraging.
Happy festive season to all on this elucid and concise forum.
Bob
I always said and keep saying- get a job, then a house then worry about the rest- this is your primary financial goal- my parents said the same to me 35Years ago...
Massive housing shortage in 2007/8, exponentially greater massive housing shortage now due to increased population, and housing each year since not even keeping up with each years rise so revenue greater gap in demand and supply- rental rates rising massively faster than mortgage rates over that time. U.K. interest rate was 5.75 in 2007, now 3.5%. House demand will continue to rise over the years guaranteed - answer this question- we have one of the worse state pensions in Europe- how is someone supposed to afford the rent when they can no longer work and are a pensioner? This is why people
In the U.K. want, and have to buy their own property- plus rental is more expensive than borrowing to buy for those that can, plus housing on this tiny island will always be simply not equalling demand and forever the gap will get greater- this is why I have a home, another property and helped my kids buy there's - you can always rent a room out of you have financial issues and so on
Steve absolutely right and its different to the 1970's as well. We have Governments that have borrowed at astronomical high levels, high inflation, low productivity and growth, a move away from globalisation, a vastly older work force and population demography in many developed economies with all the uncertainties of climate changes and energy transition. All these things together make the current situation different. Still higher interest rates may likely tank the housing market other than rental.
Comparing now to 2007/8 is like comparing apples and oranges- completely different set of circumstances.
Can see this closing above 110....
Yesterday, Centamin life could change in an instant.
https://twitter.com/barrickgold/status/1603141738146701312?s=46&t=Ud3_ongIE4HH-pjYxFk5CQ
Not sure how the FED is modelling a 0.5% positive GDP in 2023. Q1 is looking to hit -2.5% GDP with another 0.25% or 0.5% rate hike. Inflation rate is also not going anywhere and if they do what they say they are going to do then GDP goes minus 5% into Q2. Equity prices would tank in that scenario. Crashing growth with inflation high is a stagflation last seen in the the 1970's. The key question today is whether the USA market believes in the FED or not. The initial reaction is not to fight the FED and let them make their huge mistake and destroy whatever fragments of confidence that remain. Hence why gold and CEY are down. We now await the degree of conviction State side. I
My opinion- I am not sure what to believe myself. The first domino to fall State side is the housing market like it did in 2007/08.
Major European stock exchanges traded lower in the premarket on Thursday as investors awaited the newest policy moves from the European Central Bank and the Bank of England to be revealed.
Yesterday, the Federal Reserve decided to raise its key interest rate by half of a percentage point. Fed Chair Jerome Powell underscored that the central bank has no plans to change its 2% inflation target goal.
The DAX fell 0.35% at 7:13 am CET, while the CAC 40 declined 0.36% simultaneously. The FTSE 100 dipped 0.14% at the same time.
The euro was down 0.24% against the dollar at 7:15 am CET, selling for 1.06541. The pound traded 0.27% lower versus the greenback and went for 1.23900 at the same time.
Baha Breaking News (BBN) / AY
So what is your personal opinon Tornadotony.
Another M2 picture
https://tradingeconomics.com/united-states/money-supply-m2#:~:text=Money%20Supply%20M2%20in%20the%20United%20States%20averaged,of%20286.60%20USD%20Billion%20in%20January%20of%201959.
Courtesy of zero hedge. https://www.zerohedge.com/news/2022-12-14/jpm-countries-see-cpi-exceed-5-it-takes-around-10-years-cpi-fall-back-2
Look at the the M2 graph.
In the same way there was suspicion over a year ago than inflation was just transitory, there is equal suspicion on the Jerome's hawkish stance based on recent inflation drops... so say the markets
And after the panic , life cotinues as normal.
And usually sometimes it’s because of heavy selling in the days volume, but nope it’s not that either….
Vol. Sold 1,471,481
Sold Value £1,626,452.50
Vol. Bought 2,410,269
Bought Value £2,635,701.04
:)
Let's see what Jerome says later- hopefully rate rise will be as markets expect and non downside surprises in economic narrative and hopefully a dovish tone!
My fres and hoch did similar- 95% of the time it's the markets, economic data and/or RNS. It's very very rarely detailed political or mine info (outside of RNS)
Seems CEY SP out of all my Goldie’s acted this way, oh well let’s see what the fed has to say and how Gold reacts..
Kitco News.
Inflation seems under control,this is the time to go long on stocks.
That is no doubt the reason.
The sheep following rumours.
Anything happening in Egypt? Odd drop into red all of a sudden..
Yes chaps trend is up for precious metals and now showing annual increases. What with reserves being given an uplift for CEY, inflation levelling or falling, interest rates to level out and possibly go down next year, some are predicting on the US Markets Gold to hit USD3K an ounce next year-nice for Centamin! No doubt we will see some big boys coming in here for a share of future potential growth soon and or pension scheme funds?
Major European stock markets traded lower on Wednesday's pre-market session as investors await the US Federal Reserve's interest rate decision.
On the data front, during the day, market participants will also receive the report on industrial production in the eurozone, and the UK will publish its inflation report.
The DAX lost 0.09% at 7:06 am CET, while the CAC 40 fell 0.05%, and the FTSE 100 was flat.
The euro and the British pound were both flat at 7:11 am CET to trade for $1.06301 and $1.23611, respectively.
Baha Breaking News (BBN) / JG
Happy hump y’al
Gold price currently $1811.00
It just seems to be an inverse relation to the dollar: Dollar sharply down - gold jumps up.