Member Info for NoelShempsky

"Labour position clarified now however" - haven't you read about the internal fighting going on. We don't know who will be in charge of Labour when the election comes and so their policy could change.

Profit taking certainly. I hope you all sold some at the peak, as I did.

The downward trend is still in force. However, that is an interesting 'W' on the chart, so this isn't one of the usual spikes where predicting it to fizzle out is easy. I'm keeping an eye on it.

However, you know how greedy governments are. They love taking other people's money, so if there is a huge jump in the gold price, expect a windfall tax.

That is the nice option, as the other is nationalisation of the mines.

"Should be on 17p already." - should be. but isn't.

Perhaps this will make it hit 17p - the new BRICS gold-backed currency -

"BREAKOUT: After Silver Surged Above $25 And Gold Hit $1,960 Here Is What To Expect Next"

and in it - "The threat to the dollar and US Government finances will be increasingly concerning in the run up to the BRICS summit. Markets will attempt to discount the consequences, which can only lead to hedge funds selling dollars to buy gold and silver."

https://kingworldnews.com/breakout-after-silver-surged-above-25-and-gold-hit-1960-here-is-what-to-expect-next/

And before anyone tells me to stick to talking about Shanta - if the BRICS currency causes the earthquake in the gold market that some people are predicting, then SHG should benefit greatly, so it is relevant to Shanta..

However, this could get serious, look at the dilemma facing South Africa.

"Putin Rejects South Africa's Request To Not Attend BRICS Summit Over ICC Arrest Warrant".

https://www.zerohedge.com/geopolitical/putin-rejects-south-africas-request-not-attend-brics-summit-over-icc-arrest-warrant

When I see those posts that bore me, the "What is the net debt" sort of thing, I just skip past them.

Anyone who doesn't like my posts should the same.

I others had done that rather than trying to provoke an argument, then there wouldn't have been so many posts from me.

By the way, as well as comments on gold, other posts by Armstrong on his blog that are sometimes relevant to SHG are his "Market Talk" posts about Africa.

Martin Armstrong is one of the world's most influential men with a life story that reads like a thriller. A qualified lawyer and an economic forecaster who is consulted by world leaders for his forecasts.

In this article he tells of how, in the 1980s, he gave a talk to the BIS (Magoo doesn't even know what the BIS is) and the BIS doesn't invite nobodies to lecture them. They respected his knowledge and expertise. He tells us - "I was even a Keynote Speaker for the Bank of International Settlements at a luncheon in Paris with all the central bankers of Europe. "

By the way, note the French media reporting on his visit to talk about the credit crisis.

Here he tells of how, in the post-lecture, social gathering he met European leaders. He isn't bragging about meeting people, the story is about what they were saying.

They were getting excited over a plan to wipe out millions of people by scaring them about a disease and then offering treatment that was deadly.

“The stupid will believe it and ask to be treated” Pandemic to DePopulate 1981"

Quote - "the fearful and the stupid will believe it and ask to be treated"

Quote - "The selection of idiots will thus be done by themselves: they will go to the slaughterhouse on their own"

That was decades ago. I wonder what ever happened to that idea?

https://www.armstrongeconomics.com/world-news/tyranny/the-stupid-will-believe-it-and-ask-to-be-treated-pandemic-to-depopulate-1981/

"Only losers brag about the people they meet. " - he wasn't bragging, those meetings were mentioned within the context of points he was making.

Your snide comment says more about you than it says about Martin Armstrong.

The SHG sp and BRICS!

As Alasdair Macleod said - "The importance of Russia’s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22—24 in Johannesburg seems to have gone completely over everyone’s heads, with mainstream media not even reporting it".

Today we got in the news some crap about a Pacific trade partnership. BRICS is much bigger - so why haven't they reported it? In March 2023, Xi Jinping delivered a chilling message for the West - "change is coming that hasn't happened in 100 years... and we are driving it".

They don't want people to know, but KWN is reporting it.

Save your sneering until 25th August, but if these people are right, the SHG sp could surpise us all deu to the consequenses of the BRICS gold-backed currency..

"BRICS Gold-Backed Currency Has Caused An Explosion In Open Interest In The Gold Market"

https://kingworldnews.com/brics-gold-backed-currency-has-caused-an-explosion-in-open-interest-in-the-gold-market/

"Nomi Prins Just Warned What Is About To Be Announced Will Shock The World"

https://kingworldnews.com/nomi-prins-just-warned-what-is-about-to-be-announced-will-shock-the-world/

You are quite right, I did say "I had said all I had to say about Martin Armstrong", and I had. That was true, but the post from Magoo needed a reply. If he hadn't posted then I would have not posted again about Armstrong.

I find it worth reading Martin Armstrong's blog everyday. He often has articles about gold - which is of course relevant to SHG.

A bit of more general chat would do some good on this board. I find all that about "what is the net debt" and suchlike a waste of time. It's there in the accounts for anyone to read and you aren't going to predict movements of the sp from studying it. Financial analysts read the accounts and they advise fund managers and so on, so the market has priced in all of the financial information. The sp is what it is and no amount of racking you brains over the numbers will help you to make forecasts.

I have high hopes for the future direction of the sp. I have a holding close to a million shares (actually I might have more than a million as some are in my ISA, some in a trading account and some held as a certificate at home and I haven't bothered to add them up) and have held on even after the sp dropped after the first gold pour at Singida was announced.

Who would have though that the sp would drop on good news like that. You can study the financials as much as you like, it won't help you to forecast things like that.

By the way, the dividend cheque arrived yesterday - I don't think that has ever happened to me before - the cheque arriving two days before pay day.

I find it worth reading Martin Armstrong's blog everyday. He often has articles about gold. Forget all that about him being a crook and a conspiracy theorist. It's laughable and after reading just a few of his, usually quite short, posts, you will be able to form a good appraisal of his character.

Martin Armstrong runs a highly successful, international company and he has employees in Ukraine who keep him informed of things going on there. He will tell you things about Ukraine that you won't hear anywhere else. Be ahead of the MSM from his blog.

https://www.armstrongeconomics.com/blog/

"which shows how much cash is now being generated." - so what's the chance of a special dividend?

It isn't that many years ago, when anyone who claimed that there was a Bilderberg Group was called a conspiracy theorist. Its very existence was denied. Alex Jones went out and proved that it existed. Now, the MSM report it as just a meeting of politicians and business men, nothing sinister about it, but if there was nothing sinister, why did they deny it's existence? Another conspiracy theory that turned out to be true.

I remember when saying that Thalidomide harmed people was called a conspiracy theory. It took years of hard work by Harold Evans and the Sunday Times to get the truth out, they proved it to be true.

That the British government carried out secret germ warfare tests on the British public in the 1960s was called a conspiracy theory - now admitted to be true and you can read it in Hansard when the British government apologised for doing it.

The deaths at Slapton Sands in WW2 was called a conspiracy theory - now admitted to be true. That the British tortured prisoners in Cyrus in the 1960s was called a conspiracy theory - now admitted to be true.

I can give you many more examples of things they tried to keep covered up and they called truth tellers, conspiracy theorists, but they are now officially admitted - the truth tellers were right.

Talking of currencies - the big move is coming at the end of August.

You are probably like me in thinking, "When did King World News ever get anything right", but this is well worth your time.

It is very well-informed and comprehensive look at the new BRICS gold-backed currency by Alasdair Macleod, and you will learn much that our MSM has ignored about this BRICS currency and a good bit about gold, Bretton Woods and Keynesian economics - but it isn't all wishy-washy theoretical stuff. He keeps it relevant.

If you are thinking, "Oh, another mouthpiece, what does he know", well, here is an article he wrote last December and he predicted exactly what is happening now with interest rates.

"DOW PLUNGES 900 POINTS: As The Global Financial System Begins To Break The Collapse Will Be Sudden"

https://kingworldnews.com/dow-plunges-900-points-as-the-global-financial-system-begins-to-break/ "

In this new BRICS article - "International capital will abandon ephemeral fiat currencies for real values in commodities, with nations rebuilding stockpiles of energy, metals, and other raw materials instead of accumulating fiat paper. Precious metals, specifically gold, will be sought and its price can be expected to reflect the demise of fiat currencies".

Also - "The consequences for the UK pound will also be significant. In a similar debt trap to that of the US Government, the British have the further disadvantage of an economy suffering under increasing taxes. Furthermore, with London being the international financial centre, the UK will be at the epicentre of a fiat currency crisis. For the size of her economy, the UK has little in the way of gold reserves, hampering any future escape from the fiat currency trap."

Here is Macleods's magnum opus -

"DOLLAR DESTROYER: Yes, BRICS Are Introducing A Gold-Backed Currency With Russia & China Spearheading".

https://kingworldnews.com/dollar-destroyer-yes-brics-are-introducing-a-gold-backed-currency-with-russia-china-spearheading/

The term "conspiracy theory" was coined to put people off reading the truth.

Who said - "This can easily double on a few catalysts" and "What will really move this is a re-rate on gold which i think will come as interest rates come down" - well the BRICS currency is that catalyst and will cause a re-rate. See that article by Macleod to see why - - "International capital will abandon ephemeral fiat currencies for real values in commodities, with nations rebuilding stockpiles of energy, metals, and other raw materials instead of accumulating fiat paper. Precious metals, specifically gold, will be sought and its price can be expected to reflect the demise of fiat currencies".

You are probably like me in thinking, "When did King World News ever get anything right", but this is well worth your time.

It is very well-infomed and comprehensive look at the new BRICS gold-backed currency by Alasdair Macleod, and you will learn much that our MSM has ignored about this BRICS currency and a good bit about gold, Bretton Woods and Keynesian economics - but it isn't all wishy-washy theoretical stuff. He keeps it relevant.

If you are thinking, "Oh, another mouthpiece, what does he know", well, here is an article he wrote last December and he predicted exactly what is happening now with interest rates.

"DOW PLUNGES 900 POINTS: As The Global Financial System Begins To Break The Collapse Will Be Sudden"

https://kingworldnews.com/dow-plunges-900-points-as-the-global-financial-system-begins-to-break/ "

In this new BRICS article - "International capital will abandon ephemeral fiat currencies for real values in commodities, with nations rebuilding stockpiles of energy, metals, and other raw materials instead of accumulating fiat paper. Precious metals, specifically gold, will be sought and its price can be expected to reflect the demise of fiat currencies".

Also - "The consequences for the UK pound will also be significant. In a similar debt trap to that of the US Government, the British have the further disadvantage of an economy suffering under increasing taxes. Furthermore, with London being the international financial centre, the UK will be at the epicentre of a fiat currency crisis. For the size of her economy, the UK has little in the way of gold reserves, hampering any future escape from the fiat currency trap."

Here is Macleods's magnum opus -

"DOLLAR DESTROYER: Yes, BRICS Are Introducing A Gold-Backed Currency With Russia & China Spearheading".

https://kingworldnews.com/dollar-destroyer-yes-brics-are-introducing-a-gold-backed-currency-with-russia-china-spearheading/

See 6th July - I posted - "Posting this for later reference.

06-Jul-23 08:49:34 26.40 10,000 Buy* 25.00 27.00 2,640 O"

So someone paid 26.4p

Today's price -

Share Price: 23.00

Bid: 22.00

Ask: 24.00

Change: -0.50 (-2.13%)

That's what buying after a "positive update" from FCS does.

Was that you topping up NTM?

Asking BadA to stop won't work, as he has proved today with his goading - even when I don't post he has a dig. He is relentless, obsessed.

"do you think our country is going to rely on wind farms and solar panels in the near future ? Get real !!" - oh yes?

The government was warned about the risk to energy security when they closed the Rough gas storage facility. They went ahead and did it anyway. Our energy security doesn't matter to them. They have a greater agenda, the one they keep hidden.

Never try to predict what politicians will or won't do. Just look at all the broken promises from Sunak, and the others from any party are no different.

If you think the Just Stop Oil mobs are just a few anarchic zealots who will eventually go away, think again. Read about the powerful people backing them and read about the influence they have at Westminster.

I'm not saying it all bad news for DELT. It looks as though we will make our fortunes before that issue has any effect on DELT. It is the old fool, BadA who needs to get real - but I know there is no chance of that. His brain has gone limp, just like his little chap.