Member Info for contrarian123

2/2

Because if you say we need to make every car electric, you're in essence, saying, we need to make every car Chinese, which again, is just not possible. Now, add on to this, to this sort of very political reality, the simple truth that if you're buying an electric car, and you've got a problem with it, you get in an accident, the repair costs are massive, that if you live

in a cold country, they don't work very well, that if you want to sell it, the second hand market is destroyed

From Louis Vincent Gave of Gavekal

Louis: Look, I think it's a super important question, obviously. And here I might have a very biased answer. You know, if to a hammer, everything looks like a nail, to a guy who spends most of his time looking at what's happening in China, he'll tend to identify the causes of a lot of things linked to China. So again, my answer may be biased, but here it is anyway. Make a bit with what you wish. I think if you go back five years ago, the Chinese leadership decided, you know what, we got to put the kibosh on this real estate bubble that's forming. And so, they told the banks no more loans to real estate, period. Instead, if you want to lend money, why don't

you lend money to electric vehicles? Why don't you lend money to solar panel manufacturers? Why don't you lend money to basically whatever, to your point, ESG, green technology, whatever you want to call it. And at the same time, they push that message down to the provincial governments and municipal governments. So much so that basically, every Tom, Dick and Harry in China decides okay, I've got to be doing EVs. This is the thing now. And so you see a surge in loans to EVs and lo and behold, fast forward a few years, and China is basically now completely dominating the entire EV supply chain from the production of batteries to the extraction of nickel in Indonesia. You know, 90% of the nickel mines are now owned by Chinese and Indonesia. And so they own basically the entire supply chain. And they're now able to undercut, price wise, any Western producer, or any Japanese or Korean producer. And you and I have talked about this before, from out of nowhere, all of a sudden, China's now the biggest car exporter in the world. You know, three years ago, four years ago, the idea that China would be a car export, would have been seen laughable, and now nobody's laughing. In fact, you might have seen that 10 years ago, Elon Musk was asked about Chinese EVs and laughed on an ABC interview. And now fast forward today, and he's asking for tariffs to be implemented against Chinese cars. So, I highlight this because, this now creates a real quandary for Western policymakers. Western policymakers have spent the past 10 years telling everyone, stop buying internal combustion engine cars, buy electric cars, electric cars are the future, electric cars are good, electric cars are healthy. Electric cars are the salvation. Now, if you're a Western policymaker, and you say this, in essence, what you're saying is buy a Chinese car, because that's what, it will increasingly come down to. So now, if you're France, if you're Germany, if you Britain, if you're the US, do you want to live in a future where the entire auto industry is controlled by China? I think, for most policymakers, that's a nightmare. That can't happen. So defect, I think you have no choice, but to pull back on the whole idea of oh, we need to make every car electric. 1/2

Yes they will Liberty will be sellers

But as evidenced by Gold miners, Gold could be going up but miners aren't. Two different things but economists here are successfully predicting 10 out of the 1 bull markets lol

If only this mine was actually producing any.

Anyone that moves all of their portfolio 90% Pogo to a single share in my book is an imbecile

Wow even after all his loses, Lawrence you have been averaging down at 50p and 18p you and the other guys averaging down should have a lifetime membership at a casino of your choice, wheelchair and bucket of coins provided for free as well as a slot machine for your exclusive use.

What a bunch of investors have been amassed here. All geniuses

What on earth are you on about man. Get it together. He said originally he'd bought QQQ not (QQ.) at 390. I even emailed him about it and he blames his webmaster for getting wrong instead of 390 he should have put in 399.9. He emailed me about it and since he has corrected his entry on the website.

relax no one is blaming your guru and his impeccable timing.....

I think one of the shorters closed am I right gang?

Is making money buying FTSE250 even FTSE100 and of course US indices and little Billy Strow and a few bystanders here are watching paint dry

Pogo

Inflation is cumulative think about all the previous years.

I managed to get out of the last tranche of shares I bought at 57.6 today at 65.15p and now waiting for my small short which I initiated to hedge Carolyn McCall opening her mouth to drop a bit after the initial exuberance here. Even if the price gets up to 67p I am still quids in.

No other way to trade this share apart from hedging for the lame dame.

Of course ITV will not be taken over by a foreign government - What Andrew Neil meant was a foreign company with interests aligned to a foreign country

No Liberty are not sitting on huge losses. For years they have been lending their shares to shorters - You think they are just idling sitting watching it burn? At the same time their position has proven to be a throttle on ITV's neck

The below from Andrew Neil

Widest possible political coalition now assembled in Parliament to stop foreign governments from taking over UK media. Involves five political parties, including Labour and Tory, and encompasses everybody from Lee Anderson to Caroline Lucas. You can’t get wider than that! Looks unstoppable! Eat your heart out, Mr G Osborne.

So you can forget about a bid for ITV - No-one in the UK has the money for it either. TALK TV closed I believe yesterday and GB News is not doing that well about 75M under.

DOES Lagarde remind you of anyone?

Lagarde faces backlash over ECB's 'one-sided' climate

change views

By Eir Nolsoe

(Telegraph) Christine Lagarde is facing growing backlash from staff at the European Central

Bank (ECB) over its "one-sided" views on climate change policies. In a letter seen by The Telegraph, the EC8's staff committee complained that remarks by a board member on the need to "reprogramme" employees failing

to embrace the bank's climate policies had an "undeniable authoritarian note". Frank Elderson, a member of the ECS's executive board, said at an internal staff seminar in February: "Why would we want to hire people, whom we have to reprogramme because they came from the best universities, but they still

don't know how to spell the word 'climate." The comments have added to growing tensions between the EB's leadership and disgruntled staff, who are overwhelmingly dissatisfied with Ms Lagarde's

performance as president. The staff committee said that "many colleagues were shocked by the choice of

words and the viewpoints of Mr Elderson". The letter said: "The idea of 'reprogramming' people is very much in contradiction to diversity and inclusion, specifically diversity of thoughts, and concerning beyond those aspects. It has an undeniable authoritarian note and is in direct contradiction to the democratic values the EC8 and the European

Union stand for." The committee sent the letter to the senior leadership last week, which then circulated it to all employees on Monday. Within two hours some 1,600 staff had

already read it, sources say. It follows polling by the ECB's trade union in late January in which staff described Ms Lagarde as "autocratic" and "woke", with a majority describing

her performance as "very poor" or "poor". An EB insider told The Telegraph: "She makes one mistake after the next. She spent most of her time talking about things which have nothing to do with monetary policy, when inflation was at 10pc. [Staff members] see a lot of hypocrisy. Diversity? Yes, but we're going to reprogramme you Climate change? Oh yes, but then she travels all around the world for things that have

nothing to do with monetary policy." Under Ms Lagarde, inflation in the eurozone rose to a record high of 10.7pc in October 2022, prompting the central bank to lift interest rates to their highest

since the launch of the euro. While most of the ECB's staff support its climate change objectives, a sizable

minority of one in three oppose them. In the letter, the staff committee urged the executive board to reflect on its leadership style "and to acknowledge that people in democratic societies shall not be 'reprogrammed but convinced by reasoning and facts and leading by

example". It added: "Diversity of thoughts should strive within the EC8, instead of having

one-sided views unilaterally imposed from the top to the bottom.

I should have added to my post that apart from the scenario where an insti wanted to reduce thus pushing for an asset sale to inflate the price there is another scenario which goes along the lines of

"Hey lame dame if you want to maintain the dividend and the cover then start selling because your revenue does not support it"

Either case I am maintaining a negative outlook and have hedged some of my shares here that I kept from selling on the recent rise, via a short. Whatever happens on the 7th. I will be neutral

It is more than likely that the sale of BritBox and the buyback was the ammo that perhaps a powerful institutional investor was asking for to enable some sort of a sale of their shares.

Let's get over the previous high of 2150 for Gold and maybe then we can start talking about a breakout for the metals.

Critically all the miners look at the price of gold and say - Meh - I'll just stay depressed.

You don't know the gold market it is not your barometer for metal resurgence - Gold is useless as a metal only a store of value of sorts by certain mugs - Other mugs prefer Bitcoin.

What you should be looking at is Copper and China - Copper is ranging China is on life support. Sorry

Faced with a choice of a cheap EV with "dirty nickel" from China or whoever and a criminally expensive one that has "clean" nickel I am sure the consumer will be like - oh of course I have 10K more to buy the clean one.

Mugs absolutely no connection to the real world out there

Mary

Allow me to have my reservations. But if the strategy works for you fine. It is capital intensive in my view and requires patience. Some investors here play with much less money. Each to their own