Member Info for mogo

up 32% in 2014 versus the Dow which is unchanged in the year overali.In fact a few weeks ago OMI was up 70%.

versus the Dow which has progressed 0%,KGI is up 32% during 2014

Not been in here for a bit. Interesting how the VPF is doing...anyway otherwise the FTSE must be down hopefully giving us in future at last some openings ? CNE though isn't even attracting Greenpeace these days..GL

plotting these together on a chart shows PNN has risen the same since 2009 about 80%.However investing in PNN is a bit worse during recessions than the Dow,no immunity being given therefore from these,compared to being in cash.Yes of course there are dividends.After over 5 years a recession is more likely sooner rather than later. GL

Assuming again widescale flooding in the S.W this winter,to what extent do you think PNN has exposure to extra costs arising ? -rebuilding pipes,pumping,drainage,water treatment etc. Could it actually generate income as presumably local authorities are responsible.

again today seeing how OMI can haul itself off the floor.The problem generally is where is all of this leading in gold mining investment ? 1. take the view that through time the situation of the powers that be who always short gold into the sub-1320 levels,or even 1300 and below will sometime run out of ammunition to throw at it.Each short requires a bit of gold to back it though the ratio might be 100 to 1 only. i.e 1 gold unit backs up 100 units of gold shorting.It might be less. 2. the pessimistic view that they can go on holding inflation down,while keeping up the share markets,etc. Interest rates might stay the same and the dollar protected if they succeed. 3. If however they decide 2. is getting too hard, they might decide they need to again try to monetize away a good bit of the bank debts by money printing,and a QE4,is that it ?- losing count lol will re -begin ballooning everything including the share markets. In fact that would be paying off debt by creating more debt,since newly printed dollars,or federal reserve notes are "federal debt" not "money.". Gold is actual "money". In fact it is the mining companies who "print money by mining gold". None of this helps much in deciding tactics for gold mining investment,as we are still left with either giving up,or being determined to hold these goldmining investments a very long time.Possibly having some cash as well as the gold shares might be best,but preferably not in banks and kept as ready cash at share brokers ?

I posted on POG about especially the HAS SP since April,HAS being a weathervane for the UK Cycle,also posted over on the HAS thread-look at the few 2013 posts there,its obvious things are slipping now in office hiring.And the usual IC mag. "forecast" of course. Was reading that free today at a railway station,saved £4.10 lol.

HAS has lost 18% since April,maybe showing the business cycle is turning flat again.

re reading the latest OMI new there wasn't any reason for this drop this week..in fact the news was good.GL

worlds / got keyboard probs hopefully get a new keyboard soon with my profits lol

invest

this is a long term exercise.Find a gold/silver share you like,inest then sit waiting for things to turn.My post over on POG showed that the Dow rose 2% this year while the HUI gold index,mostly larger producers gave a 19% rise,today's figures and its been mostly the same all year..If some find that surprising its the propaganda which makes out the Dow is always winning which is actually false.The present toxic situation in figures- 1. derivatives at least $700 tn. maybe $1.4 q. -a q being 1000 tn we will soon all need to think in q's 2. central banks hold $29 tn of the words $60 tn shares which means each share is 50% owned by banks and is covered over 10 times maybe 20 times plus by derivatives

producing gold miners should really be kinds of banks as they produce "money" out of the ground.However,banks have "money" made for them from air.See RBS,now given a MCap of over £22,000m.Most of that was invested by governments who not only took over a large part but continued to pump in cash to hold it up.It was regarded as too important to fail.At one point the shares were worth 10p.Now after consolidating they are over 300p.The taxpayers investment in semi nationalising RBS is still after 6 years not in sight of being paid back,to taxpayers by the bank being re privatised.Even if it does,it might be alike to Royal Mail where the float SP was too low. As usual the speculators will make the money.

definite time limit

yes true,there is now not just talk but various class actions and cases are going forwards about banks, libor,and both the daily gold and silver price fixes.So far those which reached conclusions focused on one person who was blamed or brought a few millions of fines.More important perhaps,these are being reported on by the influential parts of the press,which before used to ignore things like that.The whole set up relies on being sure to knock down gold each day at will using late night paperesque gyrations.Without knowing much,these have to be backed somehow by real gold even in small amounts so the gold has to be there.But we know for sure more than annual production has been heading East.You shouldn't assume however that any drinite time limit can be placed,sufficient to invest in gold/silver too.Why ? 1. to remove your cash from unstable banks 2. to provide a long tern store of value vs. inflation and the unpredictable events in future. Thus short term and even annual moves in the KGI SP are not important compared to these,having the shares is better no matter the present price.If you trust the KGI management or whoever you invest in gold/silver with,they should hold up their side of things.Meanwhile-wait. GL

this appears a quite good entry level for OMI..though of course it was hovering near 12p months ago,it was equally up in the 40's not too long ago. Gold is again down near the rough balance point which seems to be 1300 or so where buying rather than selling takes place.Also the article from Zeal in Market Oracle highlights the fact that now is usually the time in the year gold begins to recover.An article in IC mag. a week ago said the gold of OMI is low grade,and reservations about mine life but the site says they aim to keep that at least 4/5 years while they have several other projects being brought forward in other places.This week appears to be a vital one with various reports coming forth from the Fed.etc.The markets have been levitated amazingly well but that cannot go on forever.Yes they say prosperity is coming and who would object to that,but it has been bought by huge in fact unprecedented- derivative,loan,and debt committments.Focusing only on the good things and ignoring all the uncomfortable details is what is allowing this present state of affairs.GL

yes agree with posts v good here- noted already the new bail in rules for future Cyprusesque bank cash savings raids which might be extended to cash kept at brokers etc ? though the £80k protection looks like continuing--- plus the new small print on funds/bonds bringing in market value adjusters eg cuts of any profits to dissuade you from cashing these in.. the eventual fate might be a long bank hol with goal posts movements-Geemany wants recording of derivatives investments of nationals,an article suggested similar in US with gold,however all of this is doomsday talk and is life after doomsday plannable ? Can't find despite research enough about response of gold in inflationary scenario though yes it seems economies are deflationary now however how can then the real inflation rates be 5 to 8% as some suggested ? crystal balls looking a bit dark,need to investigate more...much easier just to keep digging gold of course !

sorry but am in a noncomputeresque time so v hard to get here,hopefully will return GLA

hope yuv seen some of the figures for REAL inflation,or just go out and spend on things soon see it.5% to 8% pa mentioned.Those CPI's replaced in US by even mopre limited measures cuttingh many living costs-energy,petrol,housing,food etc.Name a few things going down-computers among a few.Was reading articles on connection between gold/interest rates the story always that gold hold no interest.Doubt if true in fact.Also gold/Fed balance sheet another.Though not much recently connecting these.One sure thing money in banks is losing value.The aim seems to be get most on benefits and within control.China now apparently buying US bonds.Its hard to get motives and aims,they certainly short gold a lot as we saw this week.GLA

thanks for replies yes we all including me have time consuming but worthwhile diversions from here.....re my list which again did not involve charts but apparent company factors as detailed.Anglogold Ashanti there- 1. no posts for a year 2. massive spread 3. illiquid behaviour-nil volumes The problem is lack of producing UK registered gold/silver miners.Should platinum be added to the list-will think on that. On having gold/silver miners long term.Yes I got a few gains over the past year but that wasn't the real intention.Rather to- a. await a re jig in favour of these hopefully one day when the ball goes up the spout as it must. b. to exit from bank accounts as much as possible.2reasons rules in the EU/US/UK about these bail-ins.Also effects of inflation on low interest bearing bank accounts even in cash ISAs c. also to avoid both bonds and all types of funds Now more small print is appearing on "exit fees" in event of melt downs to have the effect of trapping people in such things. There have been articles saying just being in gold/silver at any present price is preferable to these choices..GLA