Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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https://www.fool.co.uk/2021/10/25/a-dirt-cheap-ftse-250-dividend-stock-id-buy-today/
I'll feel less gloomy about gold if/when it rises back above $1830. Hard to get excited yet.
I wouldn't worry about fools, surprisingly perhaps they are cheap, and there are many! We are not alone?
The world is facing the big Zero's, and its seriously not for fools ...
Zero Poverty,
Zero Unemployment, and
Zero Net Carbon Emissions
we can add a few more zero's
zero covid infections
zero covid caused deaths
and more
zero injuries from lightning strikes
zero deaths from excess gambling
zero deaths from excess drinking
zero deaths ffrom domestic violence.
zero deaths from Opioids
and more
zero deaths through depression
zero deaths through thinking too much
and on it goes.
when I was young, we had
zero accidents
zero sexual harrassment
zero saftey incidents
and so much more
so much more to life than ZERO
best
the gnome
I would brighten up, so much more to life ...
Stop reading the media, the tabloids, any "oids"...just think...Life is good, I am alive,
and if I want to feel happy I can, so f*%^ off
A good friend of mine died today. Didn't give a f%^$ about the stupidity of the markets. Perhaps oddly. But then he was a bit like that.
best
the gnome
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
@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...
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.
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.
CaneToad,
Where was POG 2, 3,4, and five years ago ?
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,
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.
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
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.
@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.
@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: " 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.
Myself l question were some of the bitcoin money is coming from, my guess it is a great place to launder illicit gains, untraceable, untaxable, not for your average dad, mum, two kids
with mortgage and cars on the never never.
So ask yourselve who has 45k to risk for 1 bitcoin, ponzi scheme,
Tulip mania, South Sea bubble
to me, just lasting a bit longer
the perfect storm
IMHO
volvic
And while lm on a bender gold is being manipulated by the so called legal banks, hedge funds
Gold paper selling crooks
The problem we have is that gold has failed to maintain the value of people's money. For those who bought at the 'wrong time' in 2011, they'd have seen ~zero appreciation against USD in a ten year period. But in that same time, USD has lost value... And there is no guarantee that it's going to rise from here. I personally think it will, but that's just speculation and wishful thinking. Very few people realise that *all* asset prices are subject to a fickle public.
Quite so Volvic,
There is also the political agenda it does'nt suit politicians to have their countries central banks Fiat paper abandoned in favour of real gold, especially when central banks vaults don't hold the gold they claim to , it highlights the ineptness of our governments elected leaders and the serious flaws in their fiscal policies!
Who cares where it's coming from... if BTC has a $ for every moaner on crypto, it would $1m now lol.
more and more people are going in, institutions going, get with the game and take some risk instead of whinging... or just ignore.
People said "I would be hesitant at buying BTC when over $1,000" and this hesitancy stays, and will always stay, and the number just goes up and up and up- sure, big drops along the way but facts are facts. Joe public take up is there(was massive in the early days- remember all the facebook/social media ads?), but now more and more institutional investment coming in now on crypto, and this will only increase with more regulation.
PMs are bad performing stocks once established- just look at CEY and others (admittedly there will always be some good ones, POLY) but overall outperformed hugely by other industry equities, esp tech. CEY poor for 5 years, even when you add in divis. Plus a divi is always at risk, PMs are trading stocks, but not quite as risky at crypto- but I would add I spread my cryptos on the one I believe in, same as gold stocks- and don't go single source.
Just because gold has been around for 1,000s of years and people will always like bling, doesn't mean it's a great investment or hedge, the evidence is plain to see. The next big tech thing that shows signs of MASSIVE expansion capability globally will always attract, most established global things just don't have this.
Why do I continue to hold CEY? I trade it less now as am waiting for "jump news" be it Sukari recovery acceleration / takeover as I believe the price is low and worth the gamble. I trade it around US data points where gold price most likely to move to sell to avoid a drop and and buy back at reverse. Sometimes to skim profit when I think a drop is coming after a rise. Sometimes I get it wrong, but am not afraid to buy in again at higher than my sell price if my indicators warrant it.
At the moment I don't like to be out for long, as at this SP, takeover can happen from those in the know if Sukari is once again accelerating, and will push up the volume to over 500k again.
I will continue to hold cryptos, and if I lose the lot, I've already covered my original investment 3fold(some would say lucky, but I went with what was not established and had the potential of massive global expansion).
I hold other equity investments and property - diversification is key.
Obviously, the biggest gains are always in the most risky, which is why I only have a very small % of my portfolio in crypto, but for me, has proved worth the risk, and continues to be so. I've not increased my investment in crypto as it is the highest risk- but it's value has most certainly increased massively.
Imagine if internet went offline permanently, if you can.In case of war or big catástrofe .
Who do call to check on your crypto.
With things in play at the moment it is possible .
No more crypto asset, or have they got that covered?
A simple question from someone ignorant.
Is this a valid point or am I missing something.?
Crypto is an asset paid for by consumed electricity, and time in computacion much of which is illegal electricity.
Yes extreme ,but where has your paper gone you buying digital?
Where?
Given the exponential rise in ESG as a metric for investors, I doubt whether BitCoin is going to remain attractive.
https://digiconomist.net/bitcoin-energy-consumption/
There are lower cost algorthims that give the same secure outcome, with lower energy consumption and lower environmental impact.
https://www.leafscore.com/blog/the-9-most-sustainable-cryptocurrencies-for-2021/
Bitcoin might have been first, but it is not the last, and one could argue is an inferior product by ESG standards.
So in the history books for sure, but not on my investment list
best
the gnome.
Hi Mr Gnome,
Thank you for posting such very informative and important information on the damaging environmental impact on Bitcoin and some other crypto currencies.
Research increasingly seems to confirm that Crypto / Bitcoin users are either blissfully unaware or choose to ignore the damaging environmental impact being caused by their choice and use of certain crypto currencies.
More peoples and indeed governments need to be made aware of the the environmental damage being caused by some forms of "Crypto" currencies and encouraged to, or if that fails forced by international legislation to change to alternative environmentally friendly forms of Bitcoin/Crypto currencies.
Indeed such policies by governments would be very popular amongst the majority of the electorate and appear to be an easily achievable and painless opportunity for governments to make no cost but substantial contribution the the reduction of the worlds carbon footprint.
"The rise of crypto mining in the country has prompted government members to consider steps to tax the industry."
“Under normal circumstances, companies that are creating value in Iceland pay a certain amount of tax to the government,” Smari McCarthy, a member of Iceland’s Pirate Party, told the Associated Press. “These companies are not doing that, and we might want to ask ourselves whether they should.”
https://www.weforum.org/agenda/2018/02/iceland-may-use-more-electricity-to-mine-bitcoins-than-it-does-to-power-all-of-its-houses-this-year
https://www.finextra.com/blogposting/20762/can-bitcoin-solve-its-green-problem