The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
@djryan: " china has already banned it"
From what I understand, China is reconsidering its ban on bitcoin mining... they are apparently going to conduct a review with the public to decide. The USA has already announced that they will *not* be banning it.
I also ask myself. Am I smarter than Ray Dalio, George Soros, Paul Tudor-Jones? Am I prepared to hedge my bets by allocating a chunk of my portfolio like them?
Buying big into gold right now is just as much of a gamble, because if it dips even 5%, it will crater CEY and most other gold miners. I don't think that will happen, but it's definitely a risk. I'll look to significantly add to my CEY position once I see confirmation. It's too risky for me otherwise.
I doubt CBDC will have any effect because it's going to be pegged to USD, hence there will be no investment case for anybody to buy it. It could be a useful replacement for 'stable coins' though. I have no interest in any of that other junk.
I'm not looking for any significant outflow from BTC into gold. It's hard to see that happening, because the big investments ($1b on 1-day alone last week) are institutional and have just entered the market. If anything, I expect they'll add significantly if it drops.
@djryan777: "The big sell signal is when joe public is buying."
I agree with you 100%. But if you look at the statistics of the bitcoin ETF launches last week, it's *not* the joe public that were buying. The new ETFs were mostly sold to institutional investors. The volume dwarfed that of any gold ETFs. I see gold and bitcoin as two complementary assets as do an increasing number of gold investors.
@djryan: I came across people on this channel last year who had their entire wealth invested in CEY, at a time when the share price was more than double the current level... In contrast to your comments on crypto, I don't think 'they' appreciated the dangers of gold equity investing. Similarly, investors who entered the physical gold market in 2011 had to wait 10 years to even recover to break-even, let-alone the opportunity cost. As you're an RMM investor, you'll know first-hand the dangers of investing in mining companies - as I also do, having also invested in that company...
Ultimately, *all* assets are governed by the laws of supply and demand. Gold, silver, lumber, coffee, copper, etc. The demand for bitcoin is soaring, while the supply is fixed. A lot of highly respected investors already consider it to be digital gold and the effect of that is only just starting to be seen.
I generally allocate 10-15% of my portfolio to crypto. But I'm an investor, rather than a dreamer and would cut my positions within seconds if I saw anything serious developing to threaten the bitcoin market. In the meantime, they continue to rise, literally hundreds of percent each year. With even modest dips in the bitcoin price, there are investors stepping in with billions to bounce the price straight back up, which is simply not happening for CEY or gold.
CaneToad
Still in the midst of a pandemic with world supply chain issues on top of inflationary pressure. All equities at the moment are a gamble. I think given the world economic outlook, physical gold is a good hedge.
Fair comments CaneToad,
During these uncertain times in world politics and the market's it's become custom and practice for brokers like Liberum to utilise the fear factor amongst the herd to hammer the Centamin share down to suit their own company agenda.
Unfortunately the herd are notoriously lazy or reluctant to do their own research!
CaneToad,
There a re very few who would have been happy putting a six figure sum of their own money in to BTC ( unless fabulously rich already ) But no doubt many around the world who would be happy with some quite large sums in Gold.
MrTibbles: I agree that all the improvements you've mentioned will help the CEY share price. The problem is that most of the good gold miners are debt-free and highly profitable. They've all suffered in the past 6m.
Auson: In 2015 BTC was trading at $200, while it's now over $60,000. In that same time, gold has moved from $1,200 to $1,800; it's now back to levels seen in 2011. Do you see the problem? I have no plans whatsoever to sell my CEY, but I'd need to see a substantial increase in the gold price + improvements at Sukari before buying any more.
CaneToad,
Where was POG 2, 3,4, and five years ago ?
Hi Canetoad,
I agree regarding the relationship with the POG and I also remain positive on the POG, however even if the POG were to remain at this level once the open pit is restored and the AISC are reduced this will have a very positive effect on the profits and the markets perception of the company.
Also demonstrating and delivering on getting Sukari on the way back to where it was coupled with delivering on the expansion possibilities to push us back over 500k is vital and also attracts greater investors and the obvious big potential takeover companies… we remain projecting performance below Oct2020 - turn this round and the minimum back with the ~25% drop it caused- the rest of damage being broadly in line with most pm’s due to the daily intra-day trading gold movements.
@goldome: "I would brighten up, so much more to life ..."
Stocks are an investment. If they don't (eventually) rise, there is no point in owning them, that's unless you collect them like stamps and love researching them for that reason. I don't. The performance of gold has been poor, at a time when it should be 'shining'. If it doesn't improve, you will see much larger outflows from gold ETFs. Personally, I believe gold will rise from here, but I've been telling myself that for 6m and I'm in the minority...
You can research the CEY fundamentals all you like, but without the gold price rising, CEY will not rise. I don't think many people here get that...
CaneToad,
Well there are a fair few long gold contracts on the CFTC 193.3k up from 185.5k the week before.
So they are most likely betting on prices above $1830
I would brighten up, so much more to life ...
Stop reading the media, the tabloids, any "oids"...just think...Life is good, I am alive,
and if I want to feel happy I can, so f*%^ off
A good friend of mine died today. Didn't give a f%^$ about the stupidity of the markets. Perhaps oddly. But then he was a bit like that.
best
the gnome
I wouldn't worry about fools, surprisingly perhaps they are cheap, and there are many! We are not alone?
The world is facing the big Zero's, and its seriously not for fools ...
Zero Poverty,
Zero Unemployment, and
Zero Net Carbon Emissions
we can add a few more zero's
zero covid infections
zero covid caused deaths
and more
zero injuries from lightning strikes
zero deaths from excess gambling
zero deaths from excess drinking
zero deaths ffrom domestic violence.
zero deaths from Opioids
and more
zero deaths through depression
zero deaths through thinking too much
and on it goes.
when I was young, we had
zero accidents
zero sexual harrassment
zero saftey incidents
and so much more
so much more to life than ZERO
best
the gnome
I'll feel less gloomy about gold if/when it rises back above $1830. Hard to get excited yet.
https://www.fool.co.uk/2021/10/25/a-dirt-cheap-ftse-250-dividend-stock-id-buy-today/