Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
CPI and core 🔥
Fog,
Are you predicting 1500p plus ?
"Missed this one that I have trackedfor ages. Looked too much at gold players, so missed out on FRES."
Mate, we're at 584p not 1584p. You haven't missed out at all, it was 600p last Christmas.
Think this could just be the very start.
I was hoping to buy into Fresnillo when it was in 450's and I still hope I can buy in before 600p is reached. Just need release of funds to plough into here.
Can see this going to £12 by end of year.
I think the geopolitical tensions and demise of dollar is playing into the huge demand for Gold and silver
I think it was $12 to the £ when the Titanic sank. Though I'm assuming no one was around when the Titanic sank in 1911!
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November" - but as he says, there will be wobbles along the way.
Will you trade the peaks and troughs or just sit tight.
"Silver is on 🔥🔥🔥
Approaching 3 year highs.
It was stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1777698319290011687
Yep. That exact potential market mover moment influenced my sell decision on PAAS and my trim here.
If the market likes the print, I have plenty of risk on equities (including this one) to ride some more before further potential trims.
If it comes in hot (and if this one does not, IMO the next one likely will), then I have a pretty decent amount of dry powder to deploy accordingly. GLA.
Missed this one that I have trackedfor ages. Looked too much at gold players, so missed out on FRES.
Pokerchips, £ and FTSE 100 have been "cheap" for donkeys too, still not enough to entice overseas investors though. Oh the days of $2 to the £, perhaps some on here remember when it was 3...
"these will almost certainly get sold off, along with everything else, when a proper market correction occurs"
With CPI print tomorrow, you might not have long to wait LWHL!
"Michael Oliver – Silver Should Hit All-Time High Above $50 By November"
https://twitter.com/MacleodFinance/status/1777630858284876242
"....towards the US and Japan "
well a boom in AI and a cheap YEN ...and you have the perfect reasons ....
Fear is now behind us and Fres shareholders can now sit back and enjoy the rewards as FOMO replaces Fear.
"Of course it has.....The City makes money....and as there is no such thing as a bad market"
Not sure about that Pokerchips. Even hedge fund titans like Paul Marshall have lamented the fall of UK equities, he aptly described it as the "Jurassic Park of stock markets". Many UK fund managers pivoted away from UK equities towards the US and Japan, the valuation disparities across the pond are really stark - the big neon sign examples are BP and Shell versus Exxon, Chevron etc.
Low volume and thin liquidity mean institutions need to encourage order flow and market participation by taking down stocks and forcing market consolidation to earn £££, we've seen it in oil and gas.
Most people here would rather shovel every penny they have into the housing market, whereas UK stocks have been largely ignored.
Did you know that in the early 2000s, Vodafone had a bigger market cap than Apple - now it's $23bn versus $2.6tn :)
"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin
Pretty much sums up the silver market!
Thanks Pokerchips. I appreciate your help.
Https://wise.com/ph/account/
listed on the stock market
https://www.lse.co.uk/SharePrice.html?shareprice=WISE&share=Wise-Plc
Thanks for the advice on the foreign currency issue Pokerchips and LWHL.
I didn't want to open another bank account just for a small number of cheques. I went round the local businesses that advertise a cheque cashing service but none of them would take foreign cheques.
I have never heard of WISE, thanks, I will look into that.
That sounds most annoying. I presume you have explored all other banking avenues? Having not had a cheque in any currency for a while now, I am out of the loop on this aspect, so no idea if all of them would take the same (seemingly unreasonable) approach to declining customer money.
One of the benefits of having an online account I guess is such a scenario can be avoided.
I sold my HOC during that time deciding not to get involved with getting any Aclara Canadian shares ....
" If the company were to pay a dividend, it will be in Canadian dollars and my bank doesn't accept cheques in foreign currencies so can't cash it. If I sell them, I will get $CDN for them and again, I can't get the cash. "
why cant you use a multi-currency account , wouldnt that work ?
I use WISE and have Dollars,Euro, Pounds, amongst others
Another snag with foreign shares is that they create more work when you fill in your self-assessment tax return.
Admittedly, the Foreign pages aren't too much trouble, but it is more work. I have to fill in the foreign pages just because of my FRES dividends and to claim back the Mexican tax.
"Ouch. Why did you not want Canadian shares" - they are more trouble than they are worth -except when they go up by fifty of course, but that is rare.
Sadly, I have a holding in a Canadian gold miner, Aclara Resources. I got stuck with them when Aclara was demerged from Hochschild.
If the company were to pay a dividend, it will be in Canadian dollars and my bank doesn't accept cheques in foreign currencies so can't cash it. If I sell them, I will get $CDN for them and again, I can't get the cash.
If I was holding them in an online account, then the dividend would be converted to GBP by my broker, but my online broker won't let me deposit Canadian shares into my trading account. That annoys me because I can buy them in the account, but can't deposit then certificate as I could with British shares.
Pokerchips - weeks would go by with no trades at all in Yamana. or Kirkland Lake There was no interest. Now and then a small buyer like me would buy or sell, then it would be back to weeks of no trades at all. If there had been any interest, then AUY and KGI would have kept their London listing.