Member Info for NoelShempsky

"From the Archives: Is A Silver "Deficit" The Same As A Shortage?"

https://rubino.substack.com/p/from-the-archives-is-a-silver-deficit

"Silver Market Update - NEXT UPLEG IMMINENT..." by Clive Maund.

https://www.clivemaund.com/article.php?id=67

Now -

Share Price: 1,495.00

Bid: 1,712.00

Ask: 1,296.00

Change: 6.00 (0.40%)

Ask: 1,296.00 - I'll take a thousand please.

£17.00 !

This site is currently showing -

Share Price: 1,495.00

Bid: 1,712.00

Ask: 1,488.00

Change: 6.00 (0.40%)

That was copied and pasted.

Let us know if you get 1,700.

"Here Is An Unimaginable Price Target For Silver"

https://kingworldnews.com/here-is-an-unimaginable-price-target-for-silver/

Has King World News ever made a forecast that turned out to be correct? Treat this as being for entertainment only.

Now here is a sensible analyst who makes pretty good forecasts and has many paid subscribers -

"Silver Market Update - NEXT UPLEG IMMINENT..."

https://www.clivemaund.com/article.php?id=67

The maiden dividend was announced on 8th April. Will the next dividend be announced on the 8th July?

The spread is now 0.15p \ 0.35%, and seconds ago it was 0.23%. I don't think I've ever seen a spread as low as this other than on major companies such as BP.

Does this have anything to do with the buyback programme?

I looked to see if Bullion By Post say where their price comes from. It has a page of information about the gold price and it mentions the major markets including the London Bullion Market Association (LBMA), Comex in New York, Tocom in Tokyo and the Shanghai Gold Exchange with smaller exchanges in Istanbul, Moscow, India and Singapore.

It didn't explicity state the source of their price, but since they say, "The price for gold is issued Monday – Friday with the gold market closing 22:00 – 23:00 GMT each night" it appears to be the London price, as you would expect.

So it appears that anyone who bought yesterday paid about $55 above the spot price quoted on other sites, and sellers got a very price when they sold. As I say, "appears", as in that is how it appears to me, but I can't imagine that Bullion By Post would do that.

I must be getting something wrong, but those prices last night were what I saw, and I checked and double checked, looking at the times shown to be sure that one of them wasn't a delayed price.

Thanks for your reply and what you say is true and for me, it raises more questions

One question is, does Bullion By Post use that price on their site as the spot price at which they are buying and selling gold, obviously a bit lower when they are buying and higher when selling.

If so, then would mean that buyers in Britain are paying the Shanghai premium and sellers are getting the Shanghai premium.

This is all guesswork, I'm looking for answers not giving them.

Do you find this as suspicious as I do?

Last night I looked at the gold price. Bullion By Post said the price was $3,424, but Kitco said $3,369.

The Kitco price was usually two or three dollars lower than the Bullion By Post price, but $55 was ridiculous.

Other US sites were showing the same price as Kitco.

BullionVault, a British site I believe, had the same price level as Kitco, but it had a daily chart that showed the price rising to $3,440 earlier in the day then dropping back to the $3,369 level in the evening.

The Kitco daily chart had no such rise. The chart on there had hit a high of just under $3,380.

How can that happen?

Do you find this as suspicious as I do?

Last night I looked at the gold price. Bullion By Post said the price was $3,424, but Kitco said $3,369.

The Kitco price was usually two or three dollars lower than the Bullion By Post price, but $55 was ridiculous.

Other US sites were showing the same price as Kitco.

BullionVault, a British site I believe, had the same price level as Kitco, but it had a daily chart that showed the price rising to $3,440 earlier in the day then dropping back to the $3,369 level in the evening.

The Kitco daily chart had no such rise. The chart on there had hit a high of just under $3,380.

How can that happen?

Now I see the significance of 777. You spend your life dreaming of having seven inches. Ahh, poor boy.

"you have only just discovered it !!" - oh, you are one of those are you. Someone posts something you don't like so you resort to unfounded claims, false accusations, etc.

See the THX board months ago for my comments on Barrick. "only just discovered it" - hah, liar.

"scaremongering" - how about facts and opinions based on those facts. You don't like those facts so you use another false accusation.

If you care about your money, your savings, then you need to consider the risks.

Here is an example of what happens to people who ignore risks - "Mother-of-four, 48, who plummeted 15,000ft to her death in tandem skydive tragedy was 'laughing and joking up to the last minute"

https://www.dailymail.co.uk/news/article-14818783/Mother-four-48-plummeted-15-000ft-death-tandem-skydive-tragedy-laughing-joking-minute.html

She enjoyed the thrill of falling and was was laughing and joking up to the last minute. She probably said to anyone who said parachuting was dangerous that they were scaremongering.

"Come on Noel you can do better than Russia and Mali as examples !!" They are valid examples, those things happened, but you don't like people on here being told about them.

You do like your exclamation marks don't you. That's a sign of a complex caused by a lack of inches, and double exclamation marks must mean a seriously deficient tiddler.

I'm going to stick my neck out and say that since April, a "cup and handle" has formed on the chart.

I say "stick my neck out" because normally I would like to see this pattern form over a longer time frame, but if it is a cup and handle, expect 200p soon and even higher.

Sorry about resurrecting this, but this was just in the news -

"Worst Case Outcome": Mali Places Barrick Gold's Loulo-Gounkoto Mine Into State Control

https://www.zerohedge.com/markets/mali-places-barrick-golds-loulo-gounkoto-mine-state-control

Please don't say, "Oh, but that's Africa". In central and South America, left wing governments might see taking control of mines as a way to boost their popularity or they could impose windfall taxes when the prices of gold and silver reach new highs.

I'm not selling any of my FRES or HOC shares, all I'm saying is that we must be on the alert for signs of moves like that.

This is from BRWM's latest protfolio update. It is about the mining sector in general but of course much of it applies to PM stocks. BRWM has 31% of the fund invested in gold.

"Strategy and Outlook

Near term, we expect performance to be driven by the China stimulus situation, which is evolving, and we are watching closely to see if it translates into a pickup in demand. Longer term, we expect mined commodity demand growth to be driven by increased global infrastructure build out, particularly related to the low carbon transition and increased power demand.

Meanwhile, the supply side of the equation is constrained. Mining companies have focused on capital discipline in recent years, meaning they have opted to pay down debt, reduce costs and return capital to shareholders, rather than investing in production growth. This is limiting new supply coming online and there is unlikely to be a quick fix, given the time lags involved in investing in new mining projects. The cost of new projects has also risen significantly and recent M&A activity in the sector suggests that, like us, strategic buyers see an opportunity in existing assets in the listed market, currently trading well below replacement costs. Other issues restricting supply include cases of governments closing mines, permitting issues and a general lack of shovel-ready projects."

"Let's all be friends. Have a beautiful sunny day" - reciprocated bounteously (I got that from Coronation Street.)

"Inevitable claw back after weeks of climb" - I'd say this is the reason.

"I am long a large amount of money. I assess the risk/reward relationship as favourable for that risk." It is brave of you to risk losing all of your money. That is what could happen under the most extreme circumstance. I agree that the odds of confiscation of the mines and losing 100% are very low, but how about losing 80%?

That is what ACA shareholders lost, and don't say oh but that's Africa. Politicians are politicians the world over.

There is a wise old saying, "Never say never". People who go parachuting weigh up the odds of dying and they think, "It will never happen to me", but the other day two died. People who get on a plane never expect it to crash. I don't need to tell you about last week.

There is a wise old saying, "Never say never" and it cannot be denied.

Now don't try to claim that I am saying don't invest in FRES. I too have a considerable sum invested. I first bought in many years ago, even before the days when FRES was £24 a share and the previous time we got a huge special dividend. All I'm saying is that the political risk cannot be so easily dismissed and that notlonggone made a worthwhile post.

"I am more concerned with the risk related to the price of precious metals" - I'm not worrying about the prices of PMs and nor should you - they are going only one way. Obviously there will be a few small dips along the way, but the direction is up.

"Your key word. There ‘AFRICA’" - and your point is?

Did you not understand "Politicians are politicians the world over"?

"Your posts are at best ridiculous" - it is never ridiculous to worry about greedy politicians. Look at what happened to Ashanti Gold, Acacia Mining, look at what's happening to Barrick, and Zimbabwe has its "Free Carry" on mines, and don't say oh but that's Africa. Politicians are politicians the world over.

"The point, is it's the British government we need to fear with punitive taxes or destruction of shareholders , not the Mexican." - we need to fear both.