Member Info for BushyTailed

Stick to your click bait fog...I thought what I posted was pretty succinct to be honest

Chinese domestic gold buying demonstrates this point more succinctly as the plebiscite and businesses are barred from holding foreign currencies and are subjected to never ending inflation caused by Chinese currency manipulation.

If you was to deal direct with a Chinese factory, you would pay in dollars to a bank based in Hong Kong who would exchange it to Yuan, the factory will never see or touch a dollar pursuant to the CP decree

The value of gold if anything is intrinsically linked to USD M2 or in layman's, the purchase power of the dollar...And on that measure it's grossly undervalued.

The 20% or so destruction of the purchase power since 2020 is probably the real reason as to China's increased purchases as it seems to balance it's FX requirements. Which is probably why you're now seeing less buying as US reported consumer inflation falls but will undoubtedly pick up on a FED pivot as.

The problem China has is that it isn't self reliant on energy or critical industrial metals. It constantly needs USD just to keep the lights on.

Especially as most of that Hong Kong traffic comes countries that don't actually produce any gold, such as Switzerland and UK which means that the majority of Gold Hong Kong handles is COT traffic... Exported, refined, imported and sold

Hong Kong is an offshore trading hub... That's the equivalent of the UK government setting up a state backed commodities desk on the Isle of Man.

You need to look at re-export rates before regurgitating click bait headlines.

China buying gold does nothing to the value of dollar quoted gold, as their currency is not free floating and they buy domestic production.

Imagine digging a whole in your garden, printing some paper with pictures of dictators on it from your HP desktop printer then using that paper to buy the rocks you found.

This is how china buys gold. China is meaningless, their economy relies solely on taking FX from it's citizens and swapping it for toilet roll.

*Same kind

Anon... You get the same king of activity and posting when a FTSE blue chip falls 2%

Morons, trolls and weirdos are prolific on the internet, I honestly don't know why people take them on.

The whole jammin are you new to the internet?

There's a huge incentive to put people off from holding and buying, extrapolated by the fact there's only 450m shares to compete for.

They know what's going on here, you'd have to be a complete dimlow to bash this for two years and not learn anything.

this is looking top drawer now. a lot of money to be made and that journey is looking like starting anytime now.

q2 will be ****e again when it comes out in july but the post period comments about grade should be stellar. kor still looks on target to do circa 100k this year imo.

I don't think you get it Silver spoons... But the more the peso falls in value against the dollar the more beneficial it will be for FRES.

Watch what happens here as the MCB pivot back to 6%

Penoles up 6.5%

Average six months silver price 25 dollars an ounce so that's circa 600 million EBITDA even if silver crashes back to 25 dollars. Mcap of circa 4.5b so that's a rough EBITDA/mcap ratio of 9.

Hardly overvalued for a FTSE100 tier A miner as for dividends, why the fark would anybody be investing for dividends and taking on equity risk when you get almost 5% at the bank?

One 40th... 🤣🤣🤣 You're closer to an aggregated one 200th but you signal your intentions away, I'm sure you'll be making a huge difference.

Say just out of curiosity, who are you touting to take over if CIG agree that you're the man to listen to? I'm presuming you have someone already lined up or do you expect the company to carry on without a BOD?

50 DMA 570 crucial test coming up

Lmao that's barely an aggregated value of half of one percent and "You're emailing a West African bank to signal your intentions"

Ha ha ha have you heard yourself 😂😂😂

Hi Anon...

You might think it doesn't matter as someone is still taking a chunk but the rise in aggregator popularity has increased efficiency for private investors at the expense of actual trading liquidity hitting the market. Low volumes typically lead to poor valuations and wild swings of volatility....Sound familiar?

The rise in these execution only PI platforms is highly correlated with the fall in trading volumes of London listed companies.

I'm the world biggest hypocrite though as I use AJ Bell and IG, I've learnt to accept the inefficiency of the market in exchange for the lower fees that this technology offers

Bring My Reward

Paddwah

Magpies

Trojan

If you don't like the idea of your broker doing this then you need to use a DMA (Direct Market Access) platform/broker

It's usually an aggregator at work when this happens.

They'll have one or more clients, looking to buy or sell positions in the same market. Instead of sending every transaction to the market, they might just reconcile buys and sells that come via single nominee accounts.

For example, say I want to buy 80k and you want to sell 80k but we both use AJ bell. Now AJ bell are the registered holders, we just own the beneficial interest of our shares via proxy. So all AJ bell has to do is reconcile their order book, amend their own records as to who holds the beneficial interest and hey presto. They've made margin on the spread and charged us both brokerage.

Two people have traded but there's been no change in the company's actual register as there has been no actual change in ownership of the shares, they're still held by the same nominee.