The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen 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.
Well, that's an interesting comment from Ambrose Evans-Pritchard:
A powerful force is stalking the world’s gold market. It is operating in the shadows.
None of the normal footprints are visible on the London bullion market or the Chicago Mercantile. Retail goldbugs have not been buyers: ETF gold funds have been shrinking since December. The crowd is piling into the Bitcoin scam instead.
Yet gold has smashed through a four-year barrier around $2,000 an ounce, rising in parabolic fashion since mid-February, and hitting an all-time high of $2,431 on April 11. Is somebody preparing for an escalation of the shadow Third World War?
“It is not a Western institution behind this. It is a massive player with very deep pockets. I have never seen this kind of buying before,” said Ross Norman, a veteran gold trader and now chief executive of Metals Daily.
Gold has been ratcheting up fresh records against the headwinds of a strong dollar, a 70 point jump in 10-year US Treasury yields, and hawkish talk from the Federal Reserve. This mix would normally spell trouble for gold.
Whoever it is – or they are – seems insensitive to cost. Central banks do not behave like this. “They buy on the London benchmark and they don’t chase the price,” said Mr Norman. This rally is happening off books in the OTC market....
https://www.telegraph.co.uk/business/2024/04/16/gold-price-surge-china-warchest-geopolitical-dystopia/
I wonder if its the BRICS new CENTRAL BANK. If BRICS want a new currency and to make it a reserve they need lots of gold and the BRICS countries do not want to hand over their gold reserves but are willing to hand over their dollar reserves to buy up gold. DM
Lots of well respected commentators out there giving very plausible explanations as to what is happening and what the end results could look like. The West is walking blindly over a cliff at the moment - the Chinese have always taken the long term view. The dollar and the rate of Fed borrowing simply can not continue on it’s current trajectory- just a question of time or more likely a black swan event, to create the reason or excuse for a reset. At that point you want to already be holding gold in your portfolio.
Read and watch widely on the topic and plan accordingly.
ATB
Good find TT👍
Https://www.youtube.com/watch?v=agAMlc6h5Gw
Daniela Cambone does some great interviews on the subject with a focus on gold - well worth following on youtube
Brics may be buying gold, those that can afford it and those that are advantaged by mine ownership. But for Greatland specific purposes, forget about Brics. They have yet to agree amongst themselves. And if and when they do, there will be advantages and disadvantages to operating a gold-backed fiat currency, for domestic and international purposes.
Has anyone, ever!, made any sense of the waffle Culpepper spouts,???
I take a different view Culpepper - certain central banks are buying gold and probably much more than being publicly disclosed. This is helping to create the upward pressure on the POG and that in turn will translate into increased profit margins when Hav is producing. Whether or not Brics members agree on detail is not the issue - those are just the rules for the game and rules change and modify as with most rules - but the game appears to be coming in one form or another.
As an aside and without trying to sound smart - gold backed and fiat are contradictions.
Cul in French means ASS, just the same as your negative comments
There is a cliff there, time to take a jump
Regardless, Greatland has yet to mine and trade in commodities.
And it’s attention will be focused on pressing corporate issues.
Stop feeding and he/it will die, while you feed we will have green boxes.
Please stop, like at the zoo , do not feed the xxxx
Culpepper - the POG is so intrinsically woven into all of the corporate issues - unlocking the future value (POG) is what it is all about. Understanding the downstream economics is absolutely vital in being able to make the right decisions today.
Gold and copper and silver are necessary metals. All we want is to know what’s happening with Telfer and Havieron. But as we discuss it’s looking likely to be a longer wait than we’d like due to the complexities surrounding both. Nothing we can do but wait. Summer is coming so perhaps planning your holidays is a better use of time.
I have been trying to trade Newmont, with others doing the same, as it reacts seemingly to the gold price.
Pull back there after bit of a spike.
Unable to see Pepsi Max’s messages. Filtered. Read Hydrogen’s warnings about this character. He has been studying his missives. All is not what he seems.
I read that too. Old gaseous well-wrong.
Cheers!
Culpepper - I have been watching the disconnect between POG and miners - you might find the attached article of interest given you have been trading Newmont.
https://elements.visualcapitalist.com/gold-price-vs-gold-mining-stocks/
ATB
FFS - Why do we always let the minority ruin the chat board for the majority.
Please just ignore the idiots.
Agreed. Just be very wary of Pepsi Max.
Ntl101 hydros creation lol he always has to metion his older bro lol
I'm sure a lot of you won't agree with me but though there are clearly paid bashers on the board at opportune times (for them!) to pile on the negativity. I do also think there is a little hysteria unnecessarily over the likes of CP anD F2 on here at times and over on ggpchat.
Many of the snipers are innocuous and simply bored or born whingers with nothing better to do!
Now on ADFVN...a ton of bashers galore! Shameless...and priceless for their inane commentary all at the same time!!
Focus on what you believe and stay on course if you are here for that reason. Otherwise ignore the lot!
GLA!
Great advice Panama - they’ve been in my greenbin for ages and funnily enough I don’t miss reading their predictable negativities, subtle or not. Responding to them gives them the oxygen they crave imho. Best wishes Red.
There is also alot of cronyism as well.
This is a good article by AEP, but he misses half the story. Slowly it will get to mainstream media, but by then we will probably be at $3000.
For those interested, Dannika Warburton is holding a webinar at 4pm today with all the big players in the PM space. Pierre, Eric, Ned. Luke Gromen and Michael Oliver. Just missing McLeod imo. Should be a great watch.
I 100% agree with you Panama, paid bashers at such predicatble times. All we can do is keep green binning them and keep the faith in GGP.