The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
When is the Fed's next rate hike? Now that the Fed has reminded us they don’t plan on allowing us to relax, all eyes are on the next FOMC meeting which will be held on the 20th and 21st September. The market is now expecting another 0.75% hike which will take the top of the target range to 3.25%. How highigh will interest rates go? It’s hard to say how high the Fed would raise rates exactly? The median projection for this year's end was 3.37% rising to 3.75% by the end of 2023 and then falling back to 3.37% by the end of 2024. Thereafter it is hope d rates will gradually decrease back down to around 2.5%vin due course. However only a few committee members need to become more hawkish for the median to rise another 0.5 to 1%.
We'll see what happens to ya' all this Winter, John. Liz Truss is in for a rough ride, I guess ,but my worry is her former support for a "Reganomics" style. As a Democrat that is not , imho, in the general public interest and if she starts down that road it could push voters towards a furure Labour government, and Starmer's popularity seems to be growing..Anyway we've got enough on our plate over here - waiting for our Mid-term elections. Your " barometer" is going to be the pound vs $ exchange rate as well as how she will fit in with Washington thinking.. To day we have a national holiday - .Labor Day. (no pun intended).
John - It would help ,as is being suggested by others, if we had a timescale here for the Cyprus project on the basis of what we " the investors" might expect to gain and when. Also I've noted lately there have been some large amounts of shares sold off which seems (on the face of it) scarey with only a few more weeks to receive the promised dividend. Personally I've relegated Salinbas to my list of "going nowhere" firms, together with CNR , AMC, AYM and latterly PALM.
It appears gold price has moved a tat upwards over here this morning but your pound has fallen to a low of $1.16. To me it is interesting that no " special favors" have been indicated so far for US-UK deals since you left the EU. Biden has at last actually mentioned Trump and his "Maga" supporters as the cause of stagnating his Party's aims to improve the quality of life for my fellow Americans. It remains to be seen if this is followed up by criminal procedures against those who have " obstructed" or, at worst , been treasonous. This plus who you choose to be your new Leader (PM) and the (hopefully) success of Ukraine against Putin may well be the determining factor of all our monetary/investment fortunes. Which is why I am " sitting on my hands" and probably purchasing nothing further until at least New Year 2023.. Enjoy the weekend. Cheers,DJ
Hi bankrupty - Your kind words are much appreciated. Yes, I guess that we " plebs" are manipulated alright by the " fatcats" but there are so many conspiracy theories about exactly who "they " are. The New Order, The Ivy League, the Bilderbergers, the Rothschild family, Pootin, Dimond, RBS, Barclays, HSBC, even our good friend Soros.
The best I have heard is the guy who is asked by a stranger if he believes in Aliens. Whatever answer becomes immaterial when the questioner responds with...Well I'm really a Martian!.
It seems the problem over there is the dreadful increase in domestic gas prices and winter is nigh. Fortunately over here we have plenty of natural gas and, personally, there is a large nuclear power station a few miles away which gives us power at reasonable rates. Our other "gas" - i.e. petroleum spirit got rather pricey here in South Carolina but thanks to pressure on Big Corp from our President we are now back down to around $3 per gallon (US). However in spite of the recent local outcry...folks over in California were paying over $5 per gallon ten years ago and they have oilfields and refineries right there. It's all about corporate greed in my view. Within the last 6 months one of my regular medications has increased from $70 for a three months supply to 0ver $400 - and that is after my insurance company and pharmacy discount. You had Thatcher and we had "Reaganomics" . Now we have Big Pharma out of control but hopefully Biden is going to rein them in one day.
Yes...I do remember your "Winter of Discontent" while temporarily living in the Glos Cotswolds and rotating meals and visits with friends in nearby villages as outages occurred..
Other than that, AAU and gold price are both down today and your pound gets you only $1.17. I don't see anything to do other than sit on my hands until sometime " manana" . I don't feel like further investment until something good returns from what I've already got.
You'd need a didgeridoo and a slouch hat these days to get in the office door, Paul. The Parus cuisine is America influence but those ****tails look yummy. Tuborg is okay if you're buying but my preference is draught Moderna or Pacifico. Cheers, DJ.
Sorry, bankrupty, "they" chopped off my last para for whatever reason...but my last word was " currency" . Possibly before you got into this chat (I'm guessing about 3 years ago) I endured a lot of unpleasantness about my country and how Putin & China was going to take the USD apart with all their gold buying and the guys in Dubai etc were going to by-pass the dollar. Quite simply that hasn't happened and China & Russia have got more than a few serious problems these days.
Gold is great if you are South Asian and want to hang some on your person which has always been most acceptable. A few bits can get you " out of **** creek" if you are in dire need of foof/help and have no acceptable money. But times have changed soewhat, especially since no many countries have turned away from the gold standard in favor of debts and printed paper. Just a matter of a few weeks ago folk on here were suggesting gold would be rising imminently to USD 2500-3000 per oz. I kave only noted its fall into the 1700+.
You may ne right though about Piedmont Lithium recovering. The heyday so far this year for Lithium was from about mid March . I did well investing briefly in ALLIF (like yourself seemingly) and also in LAC. However I got out when the "craze" waned a little mid April and of course it has dropped. It does seem (as you suggest) to be recovering and Piedmont could turn out to be a better bet than a long wait and much hoping for Ariana to make ya rich Ya' all have a Great Weekend now, regards DJ.
Ariana
Hi bankrupty. In most instances I haven't felt able to respond positively to your musings...simply because I don't generally agree with them. It's not a question of any animosity it's simply that I don't share your viewpoint. For some time now many of the " knowlegeable" sources - (I don't mean fellow bloggers...I mean all these pseudo gurus whose names (and opinions) are regularly referred to as the best source for putting one on the right route to money. In reality it's mostly they who make the money offering advice or books which you pay for (or maybe they also get paid by trade outlets for being a correspondent or even a damn good snake-oil seller. Sure , they thrive on saying how much " a tip" has increased - but almost always it is in hindsight and long after the share had rocketted upwards. It's okay if you accuse me of being sceptical....but the fact is I don't ever remember making serious money by following tipsters. I've made more money in casinos over the years (lol) !. The reason I invested in AAU several year ago was that the shares seemed cheap and the principal geologist had great (British) professional qualifications and a promising outlook on the venture. I could see profit within a reasonable time, bought in and hit my target. At first it looked like the Hod Maden thing was fairly imminent and there would soon be riches galore. Then the whole structure changed, our SP dropped over 50% down from 6p+ and you can see the rumblings and grumblings which are now being vented by long-term investors who clearly are now somewhat disatisfied with the tale they were originally attracted to by the original " Team Ariana" .. These days ihe RNS is " same old,same old" ..dates are imaginary and there is BS. There are unhappy campers now!
It's not just a matter of, as you say " I could have $US instead" . In fact I do have USD and my US brokers under my choices of course, have delivered back some good profits in investments on this side of the pond (and lithium is one of them) . My problem is that I have sterling holdings and annuities trapped in UK currency which, directly as a result of your Brexit
have reduced my annual income therefrom by almost a third because the USD has either outstripped the pound (if I want to be nice to Brexiteers) or because the pound has fallen so far below the dollar ( if I want to support the Bremainers who said this would happen!).. So in terms of AAU my best hope is perhaps a share price increase back up again via Tavshan, or a buy out of this tiddler by a US or Canadian miner both ASAP. I certainly ain't sticking around while we **** about waiting for Salinbas , Cyprus or KS Australian interests to " bring home the bacon" .
Finally, and purely about gold. Once upon a time I invested in Krugerrands and made a handsome profit fairly quickly. Gold price around then had climbed greatly. Right now gold has dropped in value. Forget about the Chinese and Russian gold . The USD is still top currenc
Gold ain't the answer -you'd be better off with USD. What is needed are more western manufacturers makinging essential electronics (like say superconductors etc). Too much reliance on imports - make it ourselves / There is a reason in establishing NAFTA. ....and don't forget we have good lithium deposits.
No, willowman, john's " grumpiness" is not rubbing off on you. It was your own concerns a year ago that kinda put me on guard (and I have kinda indicated that on here occasionally). I agree 100% with your recent posting and again I have also said I am hanging in here for the last divvi tranche and then maybe wait and see if there is an improvement this year. Having said that I am unsure whether the lowering price is due to the ex=div situation or some wiser " rodents" jumping ship. Other than that about the only time I've really had a difference of opinion with johnwph is when he originally aired his feelings about the impending JV. In hindsight, I believe now that he has been right all along and I am glad that we are still friends on here. Yes, Salinbas is diificult terrain but I am also invested in Sandstorm and am hoping their BoD has a better perspective than our JV. since, ideally, I would like to buy a new car for Missus Regards to ya' all, DJ.
Hi 4k - I had mixed feelings about the JV. when it was first mooted but I guess I was swayed by the prospect of a divvi as well as the then value of our sp (I'd doubled my original investment by then).. What I did not expect was that the divvi would be stretched out via 3 tranches over a longer period. I feel that we were led to believe that Tavshan would soon be producing and that Salinbas would fairly soon makes wealthy. I reckon that the time factor was not realistic and even now think it could be perhaps 10 years before Salinbas reaches the " winning post" .
Meanwhile KS has, imho, gone overboard by poking about in Kosovo and Asia in general and I must concede, in hindsight that johnpwh's viewpoint about the JV effect was sounder than my own. Right now I would like to see the whole shebang bought out by one of the bigger guys in mining whereby we would get at least double our current share price.
As for Cyprus - I totally agree with your thinking and willowman on this chat board ( I'm guessing about a year ago) cast similar doubts about "HA" in that mix. Cheers, DJ
Sorry Paul but I don't " buy" Venus. It's not the time delay that's " suspect" - it's the Company structure imho. Anyway, as you suggested previously...it's a time to sit on yer hands for the present. On my side of the pond some SPs are slowly creeping upwards again.
IMHO, JP2000 just nailed it. However if you have some doubts take a peek at the Charts for the share price from start-up until to date and also today's sells compared to buys. How encoraging is. those? Remember this is AIM and more tumble by the wayside than find a rainbow! Caveat emptor, I reckon.
Agreed,Paul. I'm also not convinced that Kosovo is the wisest place to have sited an office or base. Albanians and Serbs don't mix well and right now there is a resurgence of ill-feeling there - albeit over car number plates. Nevertheless there has been a few incidents and some growls by NATO enforcers lately.
Ride the Roller Coaster, folks. Yes I know I said it was going to happen for a while but, as levi suggests, we have BS more and more from mgmt. Today we see our SP down again, more shares sold than bought and, incidentally ,Panther Metals is 10% down too. Maybe the BS virus has spread. As a further reminder willowman did tell us what he thought about Venus from the very start and I have to concur with his views. Maybe we should be exploring Crete too ...KS might even re-discover the minotaur (or could that be a miner tour, johnpwh?)
A bit like snake, John, and slightly more fibrous than ribsteak but Terry Wogan was about right, to be shure (lol). It's on the menu for tourists around Destin (NW Florida) and you could go and view the Naval Aircraft Museum in Pensacola at the same time!
Not sure about your 4p get out, John. Methinks there are some " games" going on which we are not a party to these days. I'm willing to hang on a while ' cos I think the SP might climb a little - perhaps even a short term spike to enable the muckamucks to jump ship but I don't relish waiting another 5 years of roller coasting to Salinbas either. I think maybe Ariana might be Canadian before then anyway. Keep it coming, levi & LoB. Regards DJ.