Member Info for JohnLewis79

Forecast is for a weak start in London (-21) as the Dow is called 86 lower. Half way through October the ftse travels 148 up (Aim off 24) & the Dow has gained 1451.

Asia mrkts got off to a weak start this morning ignoring Walls bounce on Friday. The tone was set by disappointing GDP nos out of China which were released yesterday. Stocks in Tokyo, HK & Shanghai are all lower as those not on the sidelines booked profits ahead of Evergrande's grace period ending imminently. China's Central Bank calmed mrkts by saying any spill over from Evergrande debt woes were controllable.

China Q3 GDP came in at 4•9% missing consensus forecasts of 5•2% expansion. However retail sales beat predictions rising 4•4% against 3•3% fore- casted. Urban jobless in Sept was 5% but in the age group 16-24 was far higher at nearly 15%.

Ten major banks have trimmed year end China GDP forecasts as power shortages, debt fuelled real estate companies and sluggish consumer spending cloud the outlook into Q4. Oil price rises are stoking fears of inflation as Brent hit $86•03 on post pandemic demand recovery. Gold was flat on better US economic nos and the $1800 resistance level seen as a barrier to further gains.

Latest:- Oil $85•80. Vix 16•30.
Gold $1768. Copper $4•775.
Palm $1380. Silver $23•385.
$1•373. €1•185. Yen 114•236.
Yuan $6•437. FF -7. DF +2.
Morning all.

Not the best or worst of times this week in PAT. Vols & deals were considerably lower which has been a recent trend. Be that as it may the jobbers more than happy to facilitate buyers and sellers within the spread. Other W.A. goldies did little the exception HUM closing up 34% on securing funding for their Kouroussa Gold Mine project.

Wk 41
Aim +14 (1225)
Ytd +6%
52 +26%

PAT
Trades 34
Vol 592k
Buy 236k
Sell 356k
Sell 1•50:1
Ratio 60%
Avg buy size c.11,800
Avg sell size c.25,360
Sp 10•75
Ytd -67%
52 +65%

The Dow ended the week on an uptrend gaining 549, the 500 added 80, Nsdq 326 and small caps put on 5. Gold up $12 despite a $30 fall on Friday and oil $2•34 better.

Friday Close.
DJ +382 (35,295)
SP +33 (4471)
NS +94 (15,147)
R2 -6 (1364)
WTI $82•66
10ytb 1•575%

Close:- Oil $84•92. Vix 16•30.
Gold $1769. Copper $4•721.
Palm $1380. Silver $23•350.
$1•375. €1•186. Yen 114•218.
Yuan 6•435.
Morning all.

Not the best or worst of times this week in PAT. Vols & deals were considerably lower which has been a recent trend. Be that as it may the jobbers more than happy to facilitate buyers and sellers within the spread. Other W.A. goldies did little the exception HUM closing up 34% on securing funding for their Kouroussa Gold Mine project.

Wk 41
Aim +14 (1225)
Ytd +6%
52 +26%

PAT
Trades 34
Vol 592k
Buy 236k
Sell 356k
Sell 1•50:1
Ratio 60%
Avg buy size c.11,800
Avg sell size c.25,360
Sp 10•75
Ytd -67%
52 +65%

The Dow ended the week on an uptrend gaining 549, the 500 added 80, Nsdq 326 and small caps put on 5. Gold up $12 despite a $30 fall on Friday and oil $2•34 better.

Friday Close.
DJ +382 (35,295)
SP +33 (4471)
NS +94 (15,147)
R2 -6 (1364)
WTI $82•66
10ytb 1•575%

Close:- Oil $84•92. Vix 16•30.
Gold $1769. Copper $4•721.
Palm $1380. Silver $23•350.
$1•375. €1•186. Yen 114•218.
Yuan 6•435.
Morning all.

Bloody typical I jump ship and the stock rises c.30%! Seems Robinows scooping up the 'out of the money' warrants has done the trick when you would have thought the surging cpo price would, should have been the catalyst for a rerate of sorts. Bodes well for H2 if the cpo momentum continues given even REA can't screw up a c.$800+ net and a lot going straight to the bottom line. I never learn!

The 500 posted its bigest gain since March as 8 of the reporting 500 companies beat Walls earnings estimates. BOA, Wells, M.Stanley & Citigroup all topped expectations. The banks painted a healthy picture as borrowers are willing to take on more debt. Boosting sentiment job claims fell below 300,000 for the first time since the pandemic and bond yields eased below 1•600%.

All 11 sectors of the 500 were ahead led by strong gains in tech, Google up $71, Msoft +$6 and Apple gained $2 helped the Nsdq put on 278. Investors were back seeking bargains after recent falls, Healthcare were sought, United Health gained $16 on earnings beats but Virgin Galactica stock slumped 11% due to delays to its commercial space flights being pushed back to Q4 2022. Wallgreens, United Health & Intel topped the big board and just 2 losers on the 30, Boeing and Merck.

Metals improved with Gold and Silver testing 4wk highs as inflationary pressures are bullish for metals as history shows. The resistance ranges for Gold are on the upside $1837 and downside $1750.

Oils gained on IEA raising growth demand forecasts for 2022 and 'easing' tight supplies. Russia sees oil & gas demand growing in the years ahead and forecasts oil to be c.60% of the global energy mix through to 2050 and not the 25% forecast by some experts.

DJ +535 (34,913)
SP +74 (4438)
NS +278 (15,052)
R2 +17 (1370)
WTI $81•69
10ytb 1•522%

MSCI(W) +46 (3085)
Gold Bugs +5 (278)

Latest:- Oil $84•50. Vix 16•86.
Gold $1796. Copper $4•622.
Palm $1380. Silver $23•470.
$1•368. €1•180. Yen 113•875.
Yuan 6•435. FF +19. DF +113.
Morning all.

Afternoon mickey1122, I'm tapped out unfortunately atm unless I go down the 'leverage' route again which I don't want to do having settled my last one which to date hasn't worked out well. Nevertheless any purchase around current is a steal.

I'm 30% down atm and have no sleepless nights as there is a long long way to go to get anywhere near production even if we make it on a stand alone basis. Tbh I think a purchase on Bhukia alone is warranted albeit a small one if your prepared to wait a few years. I note 11 was paid and we haven't seen that for sometime!

2 x 100,000 sells at 10•53 to get the day off to a good start!!

While negative economic newsflow is the constant currency, mrkts remain volatile. Early moves saw the Dow off 263 before an afternoon rally petered out leaving the 30 flat on the day.

JPMC revs and profits beat Q3 expectations but the stock fell 3% ($161) though ytd its up 26%. Other banks eased on their results. Delta ($41) slipped 6% following a $194m profit in Q3 earnings as the Co said rising fuel costs and other pressures would impact Q4 nos. Other company news saw Apple retreat on chip shortages for its iPhone and Black Rock Asset Management rose c.4% on top and bottom lines beating Q3 forecasts lifting earnings per share to $10.95 on $5•05bn of revenue.

Consumer prices cont to surge rising 0•4% in Sept from Aug and is up 5•4% from a year ago slightly worse than expected but at a 13 year high as Americans are paying more for food, rent and other services. Investors expect the Fed to reduce 'tapering' as soon as Dec which could be bearish for stocks but boost rates helping banks lending profits next year.

Pressure is on Biden to resolve the supply chain blockage at US ports. At LA and Long Beach ports where c.45% of US goods land, there are c.500,000 containers waiting to be offloaded and freighted around the country. Staff shortages and a lack of drivers are necessitating a round the clock operation to ease the backlog and get goods into the shops for the Xmas season.

Gold powered up to a 4wk high ($1794) at mid'day as resistance levels were broken and a sell off in the USD worked for Gold bulls. Oils were flat after erasing earlier losses.

DJ -1 (34,378)
SP +13 (4364)
NS +112 (14,775)
R2 -1 (1354)
WTI $80•56
10ytb 1•551%

MSCI +14 (3039)
Gold Bugs +8 (253)

Latest:- Oil $83•23. Vix 18•64.
Gold $1789. Copper $4•497. Palm $1340. Silver 22•950.
$1•366. €1•179. Yen 113•441.
Yuan 6•433. FF +36. DF +98.
Morning all.

A flat if choppy session on the Street yesterday saw the Dow moving in a 220 points range before lunch. Investors worrying on inflation impacting earnings in Q3 & 4 saw sellers out in Bank counters. Eight out of the 11 S&P sectors were up in early deals led by utilities, real estate and consumer staples. Big tech were headed South weighing on the 500 and Nsdq. Apple & Msoft off $1 each.

On company news Tesla was an early riser (+$16) on news it had sold 56,006 "China" made vehicles in Sept, its highest nos since production started in Shanghai 2 years ago. JPMC & Delta Air slipped ahead of earnings update today. Nike put on ($2) after GS started coverage.
MGM the casino operator jumped 7% after Credit Suisse upgraded the stock to outperform and American Airlines forecast a smaller than expected Q3 loss, shares gained 1%. At lunch risers outpaced decliners by nearly 1•8:1 on the NYSE.

Gold saw modest gains despite a stronger USD but offset by lower bond yields. Energy supplies into the Northern hemisphere and record high thermal gas prices in China due to mining regions being flooded are causing a power gap. Brent has risen for 5 straight weeks and WTI for 7 ahead of the Glasgow Climate Conference.

DJ -118 (34,378)
SP -11 (4351)
NS -52 (14,662)
R2 +5 (1354)
WTI $80•16
10ytb 1•587%

MSCI(W) -6 (3025)
Gold Bugs +5 (245)

Latest:- Oil $83•13. Vix 19•85.
Gold $1762. Copper $4•431.
Palm $1365. Silver $22•700.
$1•361. €1•178. Yen 113•422.
Yuan 6•447. FF -6. DF -7.
Morning all.

GGP set to become 2nd lowest global cost producer of $643 per ounce AISC with likely further reductions. GGP has 3•965bn shares in issue.

I overlooked HUM, see below.

HUM
Ytd -45%
52 -53%
Shares 393m

I overlooked HUM, see below.

HUM
Ytd -45%
52 -53%
Shares 393m

ORR tops the table of London's Aim quoted W.Africa plays this year.

Cora
Ytd -56%
52 +26%
Shares 247m

ORR
Ytd -7%
52 +6%
Shares 1•990bn

PAT
Ytd -67%
52 +95%
Shares 91m

Wall St fell late on after a mid session rise of 200 points on fears that surging energy prices could trigger a downturn. Oil (WTI) topped $81 on strong demand as supplies remained tight. Big tech and energy led the sell off as 8/11 S&P sectors fell ahead of Q3 earnings reports.

JPMC release nos today followed by BOA and Citi on Thursday. Analysts expect Bond yields to increase taking the shine off gold and dividend paying utilities. US companies have returned record amounts of cash to holders by way of share repurchases this year, some $870bn, a record.

In other news Southwest Air cancelled 2000 flights due to adverse weather and staff shortages. President of SW Air said the Co had substantially cut schedules to reduce bottlenecks. Stock fell $1•50 to $52. Retailers topped the big board while Banks, Visa and Walt Disney led the losers.

DJ -250 (34,496)
SP -30 (4361)
NS - 107 (14,714)
R2 -9 (1350)
WTI $80•44
10ytb 1•613%

MSCI(W) -12 (3032)
Gold Bugs -2 (239)

Latest:- Oil $83•66. Vix 20.
Gold $1758. Copper $4•293.
Palm $1365. Silver $22•605.
$1•359. €1•176. Yen 112•283.
Yuan $6•452. FF -48. DF -140.
Morning all.

The wheels of justice turn slowly but grind exceedingly fine....

Good luck in reading anything from the useless Bloomnerg who want to charge you $400 for an annual sub. I'd rather the Beano or Dandy.

New cases of covid dropped by 553 on Sunday in Japan to the lowest this year. This boosted stocks on the Nikkei for the 3rd straight session helped by a sharp drop in the Yen/USD. Exporters and Airlines rose. HK and Shanghai were both ahead in afternoon trade tracking moves in Tokyo.

Elsewhere Evergrande's silence on non payments now at $131m and facing $150m in off shore coupons this week continues to annoy investors as the grace period looms. Despite saying it would sell a HK$1•5bn stake in Shengjing Bank who also happens to be a large creditor most fear the company defaulting.

Media reports say Hopson Development may acquire a 51% stake in Evergrande's Property arm for c.HK$40bn. Other property developers in China with longterm unsustainable debts are looking to voluntary default which could start a contagion in the sector. The Shanghai stock exchange suspended 2 smaller property outfits on Friday.

Latest :- Oil $83•63. Vix 18•77.
Gold $1757. Copper $4•286.
Palm $1375. Silver$22•745.
$1•364. €1•178. Yen 112•655.
Yuan 6•437. FF u/c. DF -20.
Morning all.

No need to phone your Bank Manager this week... as far as the sp is concerned. Volumes and trades were down c.50% as interest waned from those expecting another RNS. Cora Gold delivered a good set of drill results which passed by the mrkt as is the want these days from this sector.
Gold traded in a $21 range this week closing down $4 at $1757. A risk free 1•613% yield on t/bills isn't enough to sway pis away from equities into other safe haven asset classes.

Wk 40
Trades 41
Vol 436•4k
Buy 250•2k
Sell 186•2k
Buy 1•73:1
Buy 57%
Avg buy size c.10,880
Avg sell size c.10,345
Ytd - 67%
52 + 95%

Wk40
Aim -33 (1211)
Ftse +69 (7096)

Wk40
DJ +420 (34,746)
SP +34 (4391)
NS + 29 (14,821)
R2 +2 (1359)
WTI +4 ($79•59)
10ytb 1•613%

Wk40
MSCI(W) +21 (3044)
Gold Bugs +18 (240)

Close:- Oil $82•58. Vix 18•77
Gold $1757. Copper $4•278.
Palm $1375. Silver $22•685.
$1•362. €1•176. Yen 112•192.
Yuan 6•442.
Morning all.

Report
73m@ 2•24g/t & 34m@ 3•06g/t.

Mickey1122 your £100 in ground value is likely conservative for a P&P valuation with gold at $1750, which I take yours is. I've seen £100 used for measured and indicated but that might have been in the eye of the beholder.....

Whatever if PATs data proves the resource it further shows the disconnect between the actual & proven v current mrkt view. They both cannot be right....can they?