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Https://kingworldnews.com/michael-oliver-10-21-2023/
This man is incredibly positive on Gold (and Silver to follow). Will there be a $600 or more advance in the POG within weeks?
I know that these predictions on KingWorld have been wrong and dismissed for a long time but, if Michael Oliver is right, we might be in the right share at the right time. Just imagine that!!!!! Listen to this interview and I would value your opinion.
The elephant in the room is a panicked US central bank and their huge debt and nobody want their bonds. US 10 year is in trouble.
I’ve said for a while now this will end up being a good play simply because the big green push is going to fall flat on its face.
But the beauty of an asset like this is it has copper and gold (and silver too) and as he says in the interview, when gold is again the only thing performing the explorers will move fast.
How long dare a bidder wait?
The illegal artisanal miners are making more out of Alpala right now than SOLG shareholders. The irony is... if SOLG released a smaller PFS that was more weighted to Gold recovery (higher grade areas) than copper, I think the market would wake up. It's very easy to dismiss SOLG as a copper only player but the reality is the Gold and Silver ratio's would put some Gold miners to shame.
26.7moz of gold!!! 92.2moz of silver. If they mined just 1moz gold on a small scale mine (tandy open pit 150koz) that would justify a market cap 3 x today's level with ease assuming average industry AISC's and 100% interest.
Chuck in the same Silver and moderate level of copper and off we go!
The trouble is... the market is not aligning SOLG to Gold price moves because we are no where near being a producer. By the time we produce, Gold could be back at $1300oz.
If Scott and co can get a PFS out that shows a small scale mine but large scale profits, then perhaps the market will wake up.
The mirador model looks the most obvious and is proven to be liked by Newcrest, Chinese and Codelco.
How much is Mirador producing? How much capex was required? How much profits are being generated?? This is the benchmark in Ecuador as only meaningful sized mine producing right now. SOLG can easily better that.
Agreed Fort, but there must a volume seller ATM, but why be selling in volume now?
I'd like to think it's someone selling a few million shares to drop the price pre bid to make opening cambit look better but that doesn't seem right.
The SP is mad right now and the management must be feeling the heat pre AGM. Madness, but good to see copper holding steady and gold rising. C
Thank you Eish.
The debate about gold and its potential rerating has indeed gone on and on for a long time, Willem Middelkoop is another advocate for the topic and to be honest it gets also officially debated at central banks' meetings.
With global debt ballooning, it's possible that even the Fed might eventually orchestrate a gold/dollar rerate to devalue the federal debt.
Now, the interesting part of the interview and a good reason to listen to it is the logic around where capital flows might go and how that could benefit the exploration companies. Even if he is half right we should see an uplift here.
How many times has the price of gold been discussed on here.
The likes of Redknight and others on here were predicting between 5,000 to 10,000 dollars an ounce by 2020.
Saying Fiat currencies had had their day.
Rehearing the same arguments.
It was only me and BNC who got it right.
What people forget is the downward pressures on any commodity, they forget that in a rising market, that the commodity gets overvalued and then falls again.
This is basic economics.
Quady , the voice of reason as always .
Quad that’s generally true.
Eventually though all this printed money is going to come home to roost. I believe it’s certainly added to the recent uptick in inflation.
Yes the Kitco gold articles have banged on about this for the last 15 years to my knowledge but it will one day become a major problem. But when? Bit like Solgold, eventually!!
Good evening Aquinaga.
What I believe will happen is Fiat currencies will undergo a balancing as government debt will change exchange rates when to much debt is ascribed.
So some currencies will fair better than others.
I believe this is also part of the inflation equation that is currently happening in the Western world.
As this ultimately devalves the currency.
At some point government borrowing is going to be constrained and inflation will only then start to erode the debt piles of nations.
By the way I support HS2.
I believe the government has cancelled this to give tax cuts at next months budget.
Awful decision, and shows a complete lack of understanding of the value of much needed long term projects.
The payback would have been under three year's even if it reached 120 billion.
Just more short termism.
Good evening Quady.
Out of interest how will this balancing show its self?
The more printing the bigger the crunch is going to be.
Even Labour were spending £1 in every four they didn’t have. It’s only got worse since.
Hate it when people say the uk is one of the richest countries in the world. It’s big but in debt, not rich compared to many western/developed countries.
Apart from Quantative easing, money is printed by the Basel three accord and is calculated mainly by using capital tier ratio one.
Hence this feeds into currency fluctuations, and is self balancing.
Hence why fiat currencies are resilient.
The ones linked to the Basel accord anyway.
If you look at borrowing, which is what capital tier ratio one is used for, then you understand how money is created and destroyed and how economy's are measured against each other.
Inflation is required in short measure in order for government to increase borrowing as a percentage of GDP.
Hence why things are not as bad as people think.
Inflation isn’t “required” it’s being stoked to try and inflate our way out of debt caused by the horrific and stupid lockdown policies
A lot of people are feeling the pain of these policies now.
Faith in fiat is waning fast and wealth is shifting away from western economies into new hands that won’t back the dollar or bonds
Gold is a traditional wealth store and the old saying is it buys you a quality suit. It did in 1980 and it does today so it’s an inflation protector.
It’s way undervalued now and i predict a run at 3000 plus
But as the private central backs take on the debt that has to give at some point.
Not sure it’s self balancing, just hidden. Likes house of cards. Markets can remain irrational for longer than most think but they will correct at some point.
Across the world it might be self balancing but for sterling& dollar for example it will not be good.
It’s already started, I remember getting six Swiss francs to the pound, now 1.15?
Euro was 1.6 now 1.15
US dollars was 2.3 now 1.2
Yes that balances but catastrophic for some like us.
This printing / quantitative easing is going to pop at some point then some of these Kitco type articles will come to pass. But the can can be kicked down a longer road than anyone believes. With the world becoming less stable after Covid and now various wars and inflation that road is getting shorter.
Quantitative easing is currently being paid down in the UK.
On the selling of bonds, yes this is what will possibly break the economy.
Hence my statement that at some point we need to reduce the deficit as a percentage of GDP so that it's less than inflation.
I consider this a good fiscal rule, so that although debt rise's, it falls as a percentage of GDP.
I get that but the off book hidden debt by the private Bank of England for example isn’t.
Nothing is truly off book.
It's accounted for on an actuarial basis.
These guys are always looking at how debt can be managed.
Or even come up with different tools to amend the way it's calculated.
It’s dire “fiscal rule” for anyone who has assets or cash, it’s effectively another socialist stealth tax that ruins the value of the things you worked hard for to shift it to the state to waste on c.rap like lockdowns, net misery, immigrants and diversity officers
Good grief Slug not only do you remain the most unintelligent poster on here, you don't even know the difference between socialism and capitalism.
What I have described about debt meeting GDP ratio's is capitalism pure and simple.
I have mentioned nothing about social capital which is the opposite.
You really have no idea about anything do you.
Morning Quady
I think that is one topic 1984 knows lots about having read a lot of his posts 😁
Whether he is right or wrong is another matter 😁
Rates were too low, now they are too high. Something has to give.
The world is the craziest I have ever seen, and I am not sure where it is heading……..
Morning Tesla. Trust me he knows nothing.
He gives the impression of being knowledgeable because he understands how sets works.
I was a part qualified actuary for part of my life
Historically interest rates are still low at the moment.
It's just they were ridiculously low, so inflation was baked in. But didn't happen for years.
By the way, raising interest rates to control inflation is a blunt instrument.
As inflation has a direct link with money supply.
The reason inflation happens is when people have more money, they spend more and prices rise
In the past rising interest rates means people with debt don't have so much money and so price's cannot rise.
So when base rates were a quarter of one percent, inflation should have been running away but it wasn't because money supply was constrained by individual debt.
So raising interest rates at the moment has had little effect, as the problem is that certain sections of society have money but the masses don't.
The answer this time to control inflation is to tax the section of society that has the spending power to constrain their spending and give a tax cut to those that are struggling, hence rebalancing an out of balance economy.
Of course if this kick starts the economy and we are able to reduce the deficit then that's even better, but that's another story.
Because we need to reduce the deficit in order for debt to fall as a ratio to GDP which is where I started.
Please don't be taken in by Slug.
He understands very little and is here to spread hatred.
CDBC next Tesla, which brings total control of all your money and how you will be allowed to spend it to the big commy state the likes of Quady w.ank about.
Once they get that it, it’s game over. And I don’t see what stops them, covid and climate were a walk in the park. The real Trojan horse for totalitarian control is next up
Quady, your lack of understanding is frankly staggering. Inflation wasn’t “baked in” it was directly caused by money printing, ie furlough. Inflation is zero when the following holds
MV=PT
M is money supply, V is velocity of money, P is prices and T is number of transactions. Most economists agree that V and T cancel so you’re left with the very simple equation that if you increase money supply rapidly, prices will follow
Parachuting 30 grand directly into the bank accounts of people who had little to spend it on was a ludicrous and damaging policy
Excessive expansion of money supply always ends in the kind of inflation we are suffering now. Historically rate rises would soften demand for new money supply as well as tightening what people had to spend but with long tied in rates and the sheer amount they printed, it’s not yet had an effect
But it will, and it will be horrible
1984,
With regards to CDBC, they are trying their hardest to get this through, hopefully they fail.
It goes so much further than transactions, they are doing it so you cannot invest or pay monies into accounts which “they” do not want you to associate with, where’s the democracy there.
Only the other day, Halifax sent me a email advising me some of my shares may need to be sold, as its not too their liking basically, hope others got this email to verify what I’m saying.
Big changes happening behind our backs, all so you have less power over your own rights, here’s a link with regards to Covid, how the WHO wants to take control of your rights to vaccinations, how and when, lock downs etc, you couldn’t make it up
https://www.youtube.com/watch?v=kCoFLhDKlA4&t=99s
Wonder who is behind this, big pharma, US, are back handlers flying around?
Dr John Campbell on has been talking to other countries about these injections, these are causing great harm to people, yet it’s being played down, who’s going to benefit by doing this?
Not a nice time in the world in many ways, sickening
Atb
Slug your understanding of money supply is childish.
You really haven't got a clue.
The way you tackle inflation is to restrict money supply where it needs restraint.
Interest rates hurt everyone and modern western capitalist countries no longer take an overarching view.