Member Info for nomlungu

Apple might fall into the bubble category - some of Trump's enablers and sycophants seem to see that they are unlikely to hold power for much longer. It is why there is the sudden push to get China out of their networks and to decouple their economy as fast as possible before they lose influence.

Forcing Apple to end WeChat as an app could mean the end of the sale of Apple phones in China.

An interesting read:

https://asia.nikkei.com/Opinion/It-is-time-to-talk-about-the-real-danger-facing-the-world-economy

Under deflation (which appears to be very possible) there is a massive bubble waiting to burst. Invest in a money lender and then encourage your enemies to get into debt?

From the Lincoln Project

https://youtu.be/DP3mgV9rnqw

https://youtu.be/3YwQX5Tsvls

desperate ramp - score zero; must try harder

Not a home kit but a step in the right direction (and likely to have an impact on hyped covid testing companies):

'The US Food and Drug Administration this weekend authorized a saliva-based diagnostic test for COVID-19 that costs less than $5, is faster than current laboratory tests, and may dodge supply shortages plaguing the country—without losing much in accuracy, according to early data.

The test, called SalivaDirect, was developed by researchers at Yale University, who have no plans to commercialize the test and have made the test’s protocol completely open and available.'

https://arstechnica.com/science/2020/08/covid-spit-test-is-faster-cheaper-avoids-shortages-and-now-greenlit-by-fda/

'it could well become a game changer'

Yes, golf to mixed martial arts would definitely see the share price increase by as much as some are dreaming. But the VAL201 trial is mainly about safe dosing levels and only 12 people were enrolled in the trial. Some seem to be trying to build up expectations to try and profit on a spike before results are released. Surely if you thought they were going to be so good you would be keeping quiet and buying more at depressed prices.

#caveat_emptor

An the dumb Gov pay £50m a year to Capita to recruit soldiers - one of the worst outsourcing contracts they have done. Then there is the Service Family Accommodation scandal...

250 UK troops from the Light Dragoons and 2 Royal Anglian are due to be deployed to Mali shortly to join a UN peacekeeping force (they did their predeployment training on Salisbury Plain in July).

Will Boris still send them?

Unfortunately Mali is having to spend a lot of its national wealth on security due to militant Islamic factions operating within and around its borders. The Gov's travel advice notes:

'There are a number of terrorist groups active in the region. These include JNIM, Islamic State West Africa (ISWA), Islamic State Greater Sahara (ISGS), Al Qaeda in the Islamic Maghreb (AQIM), Al Murabitoun, Ansar Dine and Boko Haram.'

It is not an area I would consider having an investment in but each to their own - the higher the risk the higher the potential reward.

Mali was a thriving gold producing empire until the French seized control. So many of our companies and infrastructure are owned by foreigners due to poor decisions made by previous governments.

I agree jobs can be created, but they are often precarious, low paid jobs with less than ideal Health and Safety systems in place. And, most of the economic benefits go to politicians or politically connected persons.

More local value should be added to minerals and gems extracted in Africa; I accept that is not easy in the gold trade.

Nothing like a bit of unrest... Why should foreigners own Africa's assets?

Sid,

Good luck - but be careful of what funding does to the SP when it is raised for the Turkish Campaign. Bad timing has been known to change traders into long term holders...

Ruck,

Thanks; 33p, that ought to make some feel uncomfortable.

What is / are ' stale' shareholders?

Nope - speculators and traders

I am sure most have heard of this phrase:

Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results

I do not think this has been posted: 'Mining industry boost as government withdraws court appeal'

https://www.dailymaverick.co.za/article/2020-08-17-mining-industry-boost-as-government-withdraws-court-appeal-but-more-flexibility-is-required/

Anybody who claims that they can read peoples minds needs to have their judgement taken with a shovel of salt. A bit like people who put Strong Buy opinions on shares that they are losing significant percentages of their investment on.

Posted by mick-b on the Tecan (0QLN) board:

Shares in FTSE 100-listed gold miners were higher on Monday following a substantial investment by Warren Buffet into one of the world's largest gold miners.
The Oracle of Omaha's Berkshire Hathaway Inc acquired 21 million shares in Canada's Barrick Gold Corp, in a deal worth USD563 million, according to a quarterly US Security & Exchange Commission filing released on Friday. The purchase represents 1.2% of Barrick's shares outstanding.

The move caught the eye of investors as Buffet has been a longstanding sceptic of investing in the precious metal.
Barrick shares were up 8.7% in pre-market trade in New York.

Gold was quoted at USD1,952.21 an ounce at midday in London, up from USD1,945.10 an ounce Friday evening. Bullion is up 29% so far in 2020 amid dollar weakness and safe-haven allure during the coronavirus crisis.

"Gold remains bubbly on the 'Buffet Bandwagon bounce' after running into sticky bids in Asia; investors continue to look at gold as key a diversifier against future dollar weakness even more so with positions much cleaner," AxiCorp's Stephen Innes said.

Shares in London-listed Fresnillo PLC and Polymetal International PLC were up 1.8% and 1.9% respectively on Monday.

https://www.lse.co.uk/news/POLY/londons-gold-miners-rise-as-warren-buffet-takes-stake-in-barrick-gold-k59sv4xiu98t8j4.html

https://www.bullionvault.com/gold-price-chart.do