Member Info for halfpenny

Quad witching day in US tomorrow.

Put back because of covid-19. It'll always be a can to kick down the road.

https://www.bloomberg.com/news/articles/2021-06-03/russia-cuts-dollar-from-119-billion-wealth-fund-amid-sanctions

The markets could tank on any hints of tapering but won't happen for many months is the thought and therefore why mention it just now if you know it'll send the markets in a downward spiral? Again if pressure applied by enough questions it might be commented on that it's a possibility and the markets will knee jerk lower. But I'd be looking at another buying opportunity if so. The sp movement lower isn't a reflection on the company IMHO.

I'm not bothered too much, why? Two little reasons, China and Russia are dumping the dollar and second just look at the gigantic dollar print this past year. Buy the dips it'll pay dividends in the long run. I've increased my mining share portfolio to a third of my holdings this past few weeks.

In March, Castillo gave a local television interview in which he said he wanted “to revive the economy, renegotiate contracts, nationalise Camisea [a gas project], eliminate private pension funds and return money to Peruvian workers”.

He confirmed that as president he would sit down with foreign mining companies to squeeze more money from them, even to the point of driving them from the country.

“I imagine that at the end of the conversation multinationals are going to pack their bags and say ‘you know what? I’m out of here’ and the [Peruvian] people will say ‘that’s fine, you can go because we want companies that come and invest and negotiate with the state’,” Castillo said.

As US-based consultancy Teneo noted, Castillo would come to power “with a shaky mandate?.?.?.?a lack of experience and a tendency to improvise, an uncosted policy programme?.?.?.?a weak position in congress and a radical rival to his leadership within his party”.

Like Castillo’s own journey to the polling station in the first round of the election in April, when he paraded through the streets of Cajamarca on a skittish, bucking horse, it promises to be a rough ride.

LBMA Launches 2021 Precious Metals Forecast Survey
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Double-digit price rises are forecast for all metals against 2020 actual average prices, but only modest gains are expected from early January 2021 levels. Gold is set to increase by 11.5% on actual average prices in 2020, but see a more modest rise of 4.5% on actual prices in the first half of January 2021. However, gold’s unloved sister, silver, is undoubtedly the star of the show, with analysts forecasting a price increase of 38% on 2020 prices and 8% higher than those in early January 2021. We could be looking for a silver lining in 2021.

Average Forecasts in 2021 Compared to Average Prices in 2020
Metal 2020 actual average price (a) Analysts' 2021 average forecast % change
Gold $1,769.6 $1,973.8 +11.5
Silver $20.55 $28.50 +38.7
Platinum $882.6 $1,131.5 +28.2
Palladium $2,192.5 $2,439.1 +11.2

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Fill urboots :-)

I wouldn't worry too much about it as they've had 5 president's in 3 years!

Thinking I'll get that 850p buy order filling today?

But then plenty of miners in communist Russia, AAZ, TSG to name two, and no prob there. If this goes any lower I can think of worse shares to be in.

Castillo is a de facto communist who will drive Peru into total misery. A drop of 5% isn't too bad considering..

Tempted so tempted..

Thinking I'll sit on my hands for sub 840p just now. It may go even lower than that when across the pond opens?

Might consider buying some myself when it goes to 850p.

Basel III rules move physical gold from being considered a Tier-3 asset to being considered Tier-1, which allows physical gold in bullion form to be counted at 100% value for reserve purposes. ... Beginning in June of 2021, Basel III rules will require banks to hold unencumbered physical gold valued at 100%.

Plume says silver will most likely top $50 if the Biden administration’s renewable energy plan is approved, raising demand for the metal and leading the market to realize supplies may come up short. Prices saw an all-time high of $48.70 in 1980, according to FactSet.

Took a wee cheeky 20k punt near close at 191p. Silver price being hammered lower by better than expected US economic figures. But for how long?

RNS imminent.

Collapsed by 20% just now