Member Info for NoelShempsky

It looks as though it briefly stuck its head above £2,100.

I'm thinking of cashing in my Premium Bonds to buy gold miners. I currently hold CEY, FRES and HOC but am worried about the political risk.

I'm really short of time and don't have time to do research, so would someone be kind enough to suggest gold miners in countries with low political risk, thanks.

Now at $2,099. If it can close above $2,100 will that ignite the rocket or will it be a peak?

Actually the 60 days was up just before Christmas and he was wrong, but KWN keeps saying that he is "a legend know for his deadly accurate forecasts"

They don't allow readers' comments, I can see why. I have a few words that I'd like to say to them.

However, as I said, I hope he was just out on the timing.

Years ago, Jim Sinclair (Mr. Gold) offered a million dollar bet on the gold price to anyone who wanted to take him on (anyone who could hand over a million dollars to a lawyer, as would Sinclair, to be held in escrow). This was back in about 2007 when the gold price had never been above about $800. Sinclair made a bold bet that in January, 2011, the price would be at or above $1,625. At the time, that price seemed outrageously high, but no one dared to take him on. His reputation for forecasting the gold price was un-equaled.

However, if anyone had taken him on they would have won a million dollars. The price didn't hit $1,625 in January, 2011, but it did hit that price in June 2011. Sinclair was six months out - but it was an incredible call - to predict the price about four years ahead and be only six months out.

Last October this was on KWN - "Michael Oliver – Gold Price To Explode $600 Higher In 60 Days"

https://kingworldnews.com/michael-oliver-gold-price-will-explode-to-2550-2600-in-two-months/

60 days came a and went and he was wrong - but was he just out on the timing? Could gold now be about to take off for a $600 jump?

"are considering what to do" - is it really a nice position for us? I hope it is, but sadly, past experience makes me wary.

I have been in companies where, after they failed in one attempt to give the company away for a low price and they were "considering what to do", "what to do" meant they were working out how to pull their next stunt and find a workaround to let them succeed in giving it away. They weren't looking to find a better deal for the PIs.

I must point out that I am not implying that any similar sort of skulduggery is going on by anyone involved in the SHG deal and not suggesting or implying that they are acting against the interests of the shareholders. I am simply cynical due to past experience and giving a warning for something to look out for if you are invested in other companies where that sort of thing might occur. I am holding on to my SHG shares in the hope \ expectation that they are acting in our interests.

Now $2,076 - rocketing. Could be over $2,100 soon.

You are right, a one day jump is irrelevant, it is the longer term average that matters, but I think this is the third Friday in a row where the price has closed well up on the week. It is a steady rise with the price establishing a floor well above $2,000 as opposed the the previous situation with $2,000 being a ceiling.

Now $2,056 and it looks like it has further to go. The value of SHG has risen with this rise - any new offer has to be higher.

$2,044

This chart looks convincing and the author gives some interesting analysis - "£Gold.The End or a New Beginning?" -

http://rebel-index.com/uk-gold/

http://rebel-index.com/wp-content/uploads/2023/12/gold99-23rising-wedge-930x620.png

Silence from the scoundrels. Ha ha.

"I know where I would like to put it….grrrr" - FK1 warned you, I warned you slimeball (dodgpeot), but you wouldn't listen. All you did was to post mockery, insults and abuse. You are getting what you deserve.

Total loss eh Razza? I did warn you. Ha ha.

FK1 was right, right, right and you were wrong, wrong, wrong.

... I'm happy to give investment advice for small fee.

Houndog - " junior miners are out of favour" - years ago I read an article about semiconductor stocks being out of favour and it said they would be in the doldrums for at least five years. So I sold mine, and three moths later the share price was ten times that at which I sold.

Thanks cadell

Ramsey Crookall - that reminded me of my view of the City of London - all crooks.

Cadell, I'd be looking for a new broker and I'd be seeking every review site and blasting them, but perhaps they provide exceptionally good service in other respects so you are happy with them. If you do decide to seek a new broker, may I suggest taking a look at Interactive Investor.

I haven't been following the board for a while but a brief glance now suggests that someone is checking these numbers against a list. My holding is split into three - some in an ISA, some in an online trading account and some held as a certificate at home, so 1,046,500 will not appear on a list.

1,046,500 voted no.