Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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indeed, the conundrum is with dollar strengthening gold price should find some head wind, but is not always like that...
So far the metal is holding well...better than the gold miners sp, could be a conservative opportunity. Energy is so manipulated that is everyone guess where its going...
It's a traditional safe haven for the Yanks, Fleccy. And I forgot to say the money flows into the Dollar as well. Any small yield advantage that Gilts etc have will be wiped out in less than a minute by the exchange rate.
By the way, Emerging Markets are even worse hit. It will be interesting to see how Gold and Commodities perform. In the past they have held up.
I used to be a Fund Manager fleccy going back to the mid 1980s. This has always been so. I recall the 1987 'Crash'.. my U.S. Bank's Portfolios came out very well (down 0.25% against the market's 25% on some of its worse days) because we had moved into Treasuries and Dollars beforehand.
Something to do with equities dropping on interest rate rise!
"the massive tsunami of American money (which dwarfs all others) flees back to the U.S... and into US Treasuries."
Why would the invest in US treasuries when much better yields are available in UK and European Equities?
https://www.bloomberg.com/markets/rates-bonds/government-bonds/us
...meanwhile I see US banks stocks with imminent Fed rate rise, not responding as they should, same for energy stocks with oil and gas prices very high.......this is called panic.
What is happening atm is US market opening sharply lower for then been bought up by short term trader, and then follow lower...hence the rise is not sustained. Very understandable ahs imo everyone is awaiting Wednesday and the Fed, add to that the Russian situation and one could be forgiven if stays in cash for now.
On the Russian I too think they won't invade, In my twisted mind I am of the opinion that the Russians are creating tensions to find a good excuse to keep energy prices up....and why not that is one of the biggest source of income they got left.
Possibly the USA is playing ball because they are also net exporter of gas, hence come to the rescue of freezing Europeans and in the process make a nice profit. Just conspiracies theories...
I'd really really really like to agree with you on the FTSE decoupling fleccy. What tends to happen with "crises" (manufactured or otherwise... the British have always been fools to fall in with all this. But it will be a convenient diversion this time from Boris' problems) is that the massive tsunami of American money (which dwarfs all others) flees back to the U.S... and into US Treasuries.
This lowers yields and hits the Banks big time. We are seeing it now.
"Now dow currently due to open with a 3 digit fall.
Could move quickly today in both directions."
Whatever happens in the US wont significantly impact the FTSE100 imo; On a 5 year chart, the FTSE100 is up a massive 2.3%, the NASDAQ up a mere 143%, and the DOW in the middle at 70%. Since the FTSE has hardly moved over the last 5 years, while the US markets have been breaking records, my opinion is that the FTSE will decouple from the US at some point, should the US market continue dropping. The FTSE would be an obvious market to attract cash leaving the US market.
https://www.google.com/finance/quote/UKX:INDEXFTSE?window=5Y&comparison=INDEXDJX%3A.DJI%2CINDEXNASDAQ%3A.IXIC
"Russia is days away from taking Ukraine and Kiev. Snatching the prize from under the noses of the EU, UK, US, and NATO.
Russia also set for live war games and missile tests off the coast of Cornwall in Feb.
Russian Empire is back on the offensive."
I'm of the view that Russia wont invade Ukraine,and all this is noise. Should I be wrong, and Russia does invade, then we're facing decades in a cold war environment, will Russia really want that? I don't see it myself, especially since the Russian Oligarchs western world assets would likely be frozen, or inaccessible.
In a cold war, all finance and business transactions will cease between Russia and the Western Alliance countries, so I really really really don't see Russia want that.
Oh do shut up with this swivel eyed "Reds Under Your Beds" Nonsense, skier.
yes, sub 50 close..49.20 or possibly lower @ 48.8..
DYOR
Dow set to open 200-500 points down. Wouldn't be a surprise to see it fall further.
Russia is days away from taking Ukraine and Kiev. Snatching the prize from under the noses of the EU, UK, US, and NATO.
Russia also set for live war games and missile tests off the coast of Cornwall in Feb.
Russian Empire is back on the offensive.
Now dow currently due to open with a 3 digit fall.
Could move quickly today in both directions.
hu
currently the dow is due to open flat or a little down - obviously can change a lot in the next 2 and half hours.
LL
I thought the site I use also use live data; it is constantly updating? Six of one and half a dozen of the other I suppose. lol
hardup I think you are looking at the wrong info.
Mine are live data?!
LL
"Although US futures were in the green they have just turned red as I write"
Where do you get your information? DOW Futures currently down circa -600 pts (-1.73%)and falling. NASDAQ Futures currently down circa -523 pts (-3.6%) and falling.
Omicron recedes and we get a glimpse of a potentially worse virus posturing at the Ukraine border and waving his d**k at the U.S.
PI's run for cover again.
Anyone willing to talk about where/when it will stop?
No doubt we are in a correction, bear market or whatever you like to call it...I am talking about the US market as reference point because imo is more relevant than the UK.
What everyone like to know is when we will reach the bottom, to buy back in or average down or up....
Although US futures were in the green they have just turned red as I write and possibly the Nasdaq will follow..
Wednesday Fed rate decision is the key here in my opinion and till then the market will be under pressure....
Is after the Fed announcement that it will get interesting......will the market bounce back up or will it go even lower?
The market is definitely pricing in the rate rise apparently 3 this year and I read that on Wednesday the Fed may announce bringing this forward (which will be new info..hence have an effect on markets). But among these variables we have to consider also how much the market has corrected by then (Wednesday) .