Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
good analysis Cavegyber, I think this is why lots of shorters got caught out with HOC. Then I saw the massive sell orders and the shorters running for the hills. Unless someone jumps up and say coronavirus vaccine, then I ca not really see PM drooping.
Dark Knight. H2 figures will show an increase of revenue between $150-200m and that will turn the cashflow positive based on that they told us they spent on Capex. Problem with Nickel investor is that he keeps using H1 figures to bash this but H1 and H2 are two completely different halves. You just need to look at PM prices and see how they jumped significantly right on the button in July and stayed up. Looks like 2020 will be even better but we will need to wait until Aug to get the figures. I see a big rerate by brokers. It is scary that most of them don't bother to do their own sums based on current figures and just use figures that are old news.
thanks Cavegyber, if Gold and Silver hold on Monday I reckon this should be up another few %. What are your expectations for the FRES Annual results on the 3rd of March ?
Dark Knight, Nickel investor is a basher with problematic maths and analysis. He is definitively wrong about the H2 figures and performance and if you listen to him, if would be your undoing. Too long winded to get into but I have done that at length in the past. Look to my back posts.
BtB good points. I think you're right that the timing is not right for switching into silver. That's why I've also been mostly staying away from copper. I feel long term copper will be the new oil with electrification and the EV revolution. But don't fell comfortable buying it now, especially with 50% of copper consumption coming from China!
One point I'd like to make though is that the next recession might not be the same as the last one. In 2008 we had a liquidity event and a proper crash. This time round it might be an inflation triggered recession and a dollar/currency crisis with all the money printing that's going on.
DK to RK1, do you agree with Nickel Investor analysis??
Just as we have seen new highs in the (US) stock market, so we will see new highs in PMs. The gold-to-silver ratio certainly seems to favour silver ATM, but I'd urge you to look at what happened to the price of both metals approaching (& during) the last crisis.
In the run-up to the GFC, gold continued to rise whilst silver (with far more industrial uses) got clubbed like a baby seal as economies contracted. Then, once fear (& QE) kicks in, watch it motor.
I think both metals are heading much, much higher (magnitudes higher, to be precise), but expect gold will out-perform silver over the near term. Like you however, I will be looking to trade some G for S when I think the time is right.
As always, GLA.
Red, I was actually thinking of selling some of my physical gold and buying silver. Silver should be at least $21-$22 per oz at these gold prices. I don't know about $5000 gold but I think we'll get to new all time highs. That said silver is very far from all time highs and seems more and more tempting atm. The contrarian in me start to feel uneasy when I invest in a commodity that's near all time highs...
In August 2016, Gold was $1350; silver was $20 (despite JPM); FRES over 2000; and HOC almost 300...
Gold now $1638...FRES produces 876,000 ounces of gold (over $1.4 billion), HOC 275,000 ounces (over $450 million)
A long way to go guys...and the US equity markets haven't even cracked yet...who says $5,000 gold is impossible...
FOMO has driven US equities to crazy heights...fear of losses will cause a massive crash because there is very little liquidity for when people are desperate to sell (Fed has been propping up market liquidity)...
Once gold gets a grip, FOMO will drive it forward and then silver will catch fire...
In the aftermath of the 2008 crash, the Gold Silver ratio rose to 80...it then fell to 32 over the next 2.1/2 years to 26 April 2011 as silver caught up big time, hitting almost $50 just two days later...
Even at a long run average of 50 times, silver should be $33 right now and FRES would be well north of 2,000...
Keep the faith...