Member Info for JONNO100

Good Morning . There is a very interesting article -about global credit ( 1.8 quadrillion dollars ) and the thinking that we are heading towards deflation rather than inflation and how little effect the relatively massive QE will have on the current situation .It is written by Murray Gunn(who used to be head of technical analysis at HSBC). Google -Who will thrive in the coming deflation - I am not saying he is right but it is certainly thought provoking with good evidence to back his view ,

Speedie ,as far as I can see some experts are thinking we are heading towards global inflation -because of QE etc and inflation correlates well with an increase in gold price and has done historically ,,some experts are saying we are heading towards deflation which correlates well with a reduction in gold price,Can you see any validity in the suggestion that we are heading towards deflation ? Thank you

Gold now $ 1789

@BoracicLint
I’m in IG at it’s the same for me

Morning Campers
This is like Christmas come early - hope Santa is kind -Good Luck everyone

To add to my previous entry.Australia have not only suffered from Covid but Bush fires as well.The debt will be huge.Tier 1’s don’t come along often-if the region has the potential to become a gold/copper field and a huge source of national revenue politics will become important..Rio’s largest share holder is a Chinese company “Just a thought”

@jackthe bear
Agreed but Rio have big decisions and financial implications to appreciate over their mine in guinea and do they want to work with the Chinese on this,given China/Australia relations
I suppose I just wanted to raise the fact that there might be other issues at stake and not just GGPand Newcrest relationship and Havieron/Scallywag etc .

If MR Biswas were to be offered the CEO of RIO that would leave a vacancy for CEO of Newcrest -would Newcrest appoint internally or externally -could GH be in line for this .I still wonder whether politics is playing a part in the delay - as the heading says Just a thought . whatever happens the gold isnt going any where and patience will reveal all.

Speedie
Thanks for reply.Iwasnt suggesting that the government would be that naive to go public re state of banks but in the current climate there would be enough investigative journalists etc looking into this and going public

Speedy
That is frightening re banks leverage esp at this stage of events.If true and there is no reason to doubt you,I would think we are in for some very difficult times further down the line
If you know this ,with respect why isn’t it in the general public domain esp re the inability of banking system to guarantee everyone’s £85000?

sorry that shouldn't read that the CEO of RIO blew up the caves but that the current CEO was in charge when RIO destroyed the caves and that is why he is stepping down

I don't if it is relevant but does anyone know whether interviews for CEO RIO have happened or are likely to happen -(bearing in mind the CEO of Newcrest is a possible choice and Canberra would like an Australian CEO especially with all the world wide financial and political upheavals and the recent RIO debacle with the blowing up of extremely important caves by RIOCEO ).The current RIO steps down end of march 2021 or unless a new CEO is appointed before that

The concept is superb ,there have been a lot of false dawns ,Is Cameron Parry eventually to be a man of his word.I too have Lion Money tied up

Bancal
The emotional power of music -puts a lot of things into perspective -Thank You

Wilburylover
Nice idea but -I think there are 3 reasons why not to give it to the young adults first 1)- they dont usually end up in hospital if they get covid so less pressure on NHS if elderly don't get so ill and don't end up in hosp which means hospitals can do non covid work . ,2)If the young do get it they are less likely to die from it and 3)we dont know at this stage if the vaccine stops you passing it on to others anyway

I think the news about a possible vaccine is good but the reaction to it premature .Clinical trial patients in early phases tend to be young and fit and few, if any, ongoing medical problems.Those most at risk are the over 80's ,with multiple medical conditions and multiple medications -these will be the first in line to be vaccinated .I suspect there is currently limited data about efficacy and safety in this age group ,another at risk group is the BAME group -again there needs to be efficacy and safety data,and if a younger cohort of patients were used in early phases of the trial they handle side effects, in my experience, much better . It will take 6 weeks from first dose (2 are required ) to establish immunity-how long it will last and what degree of protection it will offer,and will it stop the virus spreading we dont know esp in this age group.There is a lot financially and politically at stake for the vaccine companies ,so rigorous examination of the data wil be required and of course lack of long term data may put some people off having the vaccination .The announcement of a potential effective vaccine is tremendous, the devil may be in the detail

I don’t think it matters who gets in .With the Fed having bought 1 trillion dollars of mortgage bonds which is 30 % of the mortgage market in USA to keep rates down and saying they will buy more (to prop up the market ).,and remembering Freddy Mac and Frannie Mae and knowing what happened there says it all for me.The USA economy is in Big Trouble and more QE will precipitate the market fall even quicker.It is not if but when

gold slowly rallying $1895

IALIS
I, like you, am an inexperienced trader.I have used IG trading as well and bought and sold Artemis twice -both at a profit (probably more by luck than judgement ) .It is relatively straightforward but if it is appropriate for you it may be worth putting it in an ISA to reduce any tax payable. Please don't take the last piece as formal /professional financial advice but it may be worth checking with a financial adviser about using an ISA Jonno

I wonder how much politics apart from covid crash is yet to be played- RIO still looking for a CEO , what direction will he and the board take them re interest in the Pilbara.Canberra would like an Aussie ,will it be MR Biswas ,yet the largest RIO share holder is Chinese ,but the Australian relationship with China is not good- .Rio have a big elephant in their room with an iron ore mine in Guinea - half being developed by the Chinese ,do the Chinese want to share costs with RIO on their half- if they develop amulti billion mine will that MASSIVE iron ore production affect the price of iron ore and so RIO's profits from other of their big iron ore mines eg in AUS and so will RIO want to take there interests else where but if they try to sell the Guinea mine what will RIO lose by doing so --RIO ,I think have to appt a CEO by end of march next yr when the current one will step down .Quite a few possible internal candidates have left recently .Just musings which may or not be relevant