The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
And as per my post this morning amongst many others, the demise of the US Dollar is rapidly approaching and what will American Banks and hedge funds do with their hoards of QE Dollars.....................??
They gonna get rid of them damn quick, i.e. go on spending spree buying up companies and shares whilst there is still 'relative strength' in the Dollar against most currencies !!!
Squeaky Bum time for the US Dollar !!!!
:))
Fingers crossed we're all spared the nonsense from the bed-wetters that have plagued this board for the last few weeks !!
:)
OPERATION SANDMAN - 'The orchestrated collapse of the US Dollar by over 100 nations whose national currency is pegged to the US Dollar.
Read this and you'll understand why America is trying to keep the Ukraine war going as long as it can as well as stirring up problems in other countries to incite conflict !!
https://theblogginghounds.com/2023/03/26/president-of-kenya-urges-citizens-to-get-rid-of-u-s-dollars-soon-operation-sandman/
Just have a look at the chart, you can't help but notice the movement from the beginning of the month !!!
Looks like the Yanks are loading up on small cap Gold stocks as well as Bullion !!!!!
https://www.marketscreener.com/quote/etf/VANECK-JUNIOR-GOLD-MINERS-29426662/
Yep, all good !!
Market playing their games again late on this afternoon, obviously fearing a new wave of buyers which should help us move North in the short term.
Nice.
Yep, and they're American. We know Sunak will bend over backwards for Biden, so expect a lot of those regulatory hurdles to be canned without too much fuss.
Should clear the way for UKOG now, especially as there is no need for additional finance in the immediate future as well.
Well it looks as though its gathering speed, much faster than everyone was predicting, CNN covered a story on it and now Fox news. Wow, looks like the Yanks want the Digital Dollar (backed by Gold) ASAP :-
https://twitter.com/WallStreetSilv/status/1640338974462943232?cxt=HHwWgIC9wefm08MtAAAA
Showing the state of the housing market in the UK, should be an interesting watch.
With regards to Foxtons there is a new article on the Letting Agents website, here's an extract :-
'New figures today from London agency Foxtons show that the average rent in February 2023 rose five per cent from the previous month, reaching over £570 per week, which exceeded the highs of the peak lettings season last summer.
Rental prices in Central London were higher than other areas of London and 23 per cent higher year-on-year this February.
Continued demand in the lettings market was highlighted by the six per cent increase in competition for each new instruction last month, rising to 20 renters per instruction. South and West London had the highest number of renters competing for every new instruction – 29 and 31 respectively..........'
Share buybacks have also increased over the last couple of weeks.
Long & Strong !!
Some of you may remember the film, 'The Boiler Room', starring a young Van Diesel and and equally a young Ben Affleck. In a nutshell it was about a load of young city boys being paid to peddle penny stocks in companies that were about to go bust or just went bust but the news yet to filter out to the wider public.
Every investor or nearly every investor in these penny shares lost their money, I won't spoil it if you haven't seen the film.
Now roll on to the 21st Century, what we are now seeing is the role of these Boiler Room gangs now being active on ALL internet chat forums with the purpose of ruining markets and investors thesis in most stocks. Where as before it was to sell stocks to public on behalf of banks and brokers (i.e. get rid ASAP) nowadays its all about trashing good or potential stocks and 'bigging up' all the crap ones on these chat forums.
When these arguments appear on a regular basis, it usually starts from a 'newbie' along the lines of, 'I've held these for a while now and only now I decided to post.....', or similar and its not inconceivable to think that this 'newbie' has also set himself up with a few other new aliases at the same time as well, so he can start the argument amongst his various poster names to give the impression that we're all joining in the same argument !!
It doesn't bother me as I can spot them a mile off , I have been in other stocks and have see the same sort of chat ahead of good news for shareholders.
Ignore the noise team.
Long & Strong !!
Another chapter in the collapse of the US financial sector ready to unfold, yes please :-
'Today one of the top money managers in the world warned JP Morgan’s gold derivative short position may be larger than all the bank’s assets. He then pondered the ramifications for JP Morgan if the price of gold shoots up $1,000. Take a trip down the rabbit hole of what Leeb called the “open secret” in the gold market.'
What a lovely headline to wake up to on an otherwise bleak Sunday morning.
And here's the article in full, its a great read for all Gold Bulls !! :-
https://kingworldnews.com/leeb-jp-morgans-massive-gold-derivative-short-position-may-be-larger-than-all-their-assets/
According to this site, as of now :-
Volume sold - 8,137,032
Volume Bought - 1,727,429
Lets see the final totals this afternoon, even money that buys equals sells ??
Yep and as quickly as it goes through $2000, the Yanks are selling it back down again !!!
It a normal world it would be costing them mega bucks but as Dollars are printed willy nilly it doesn't cost them a cent !
Deutsche Bank has suddenly dropped, now down by around 14-15 %, could be a fun afternoon !!
Gold to break and cement $2000, for the fourth time trying ??
Yep, lets see if the US Banks with their worthless bits of paper and QE infinity will keep the price above $2000 !
Third time lucky since the Russian invasion of Ukraine last year ???
Yes, yet another American Bank and no doubt since the day it was floated just a few years ago at £2.75p no less :-
'Offer Highlights'
- The Offer Price has been set at 275 pence per Share
- Based on the Offer Price, the total market capitalisation of Amigo at the commencement of conditional dealings will be approximately £1,307.2 million
- Richmond Group Limited and certain directors, senior managers and employees (the "Selling Shareholders") will sell a total of 118,836,758 Shares (the "Offer Shares"), receiving gross proceeds of approximately £326.8 million pursuant to the Offer, assuming no exercise of the Over-allotment Option (as defined below)
- In addition, a further over-allotment option (the "Over-allotment Option") of up to 10% of the Offer size will be made available to J.P. Morgan Securities plc (which conducts its United Kingdom investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove") as stabilisation manager by the Selling Shareholders.
Another newly floated UK Company valued at £1.32bn at flotation bites the dust. I wonder who's next, Deliveroo, THG group, Moonpig........
Probably a bit more of this :-
https://twitter.com/matsacchi/status/1637562183360847874
Nice link there Monty !
GOLD just hit $2008 !!!!!!
Well, the profit taking in Gold and the rally in the equity markets looks to have reversed, Gold futures down some $30 overnight are now in the blue and the equity markets, well lets just say......................tin hats time !!!!
It could be a bloodbath !
A write-off of some $17Billion worth of Bonds will raise a few eyebrows especially as Credit Suisse was telling everyone only a few weeks ago that all was well !
Oh dear.
Ok, so how will the markets react in the morning, well we'll probably get the spin that Banks are better capitalised now than they have ever been in history and much better equipped to handle any unforeseen financial crisis in the future.
Well the 'future' is here, so whilst we may see a relief rally in the markets (markets looking to offload stock) don't expect it to last for too long before the next chapter of this contagion.
Gold may pause or even step back a few bucks before its next leg North and this time it could be huge !!!!
Roll on tomorrow.
Afternoon all and some great posts again this morning. Just a quick follow on from yesterday and the latest is that UBS as well as being in talks with Credit Suisse are also in talks with the Swiss National Bank as well !!!
And now just think how much Gold Switzerland has stored in its banks officially and unofficially ??
Gold to break that $2000 level again this week, well not if the Yanks have their way with their paper Gold !
Anyway, this is a great link posted this morning, the recording is only 12 minutes long but there's a lot packed into it and well worth a listen:-
https://kingworldnews.com/gold-nears-record-high-as-james-turk-warns-us-dollar-may-collapse-in-2023/