Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Absolutely right, Harold. Take a look at the gold chart below and look at the curve from last June to mid July and compare it to the last few weeks. Back in July there were analysts saying it was 'overbought' and about to crash as tech was booming etc. Then look what happened - smash! How do we know it won't do the same this time? In fact, take a look at the comments on that graph and they're all bearish.
I've just added a small amount.
Auson
Gold has been in a secular bull market since the 3rd August 1914 - in Britain in any case. Is that true? We've had periods when sterling has been on the gold standard in various forms, but outside of that (even inside the gold standard with the 1967 devaluation) we've had currency debasement ( a nice term for hidden taxation). I suppose our job is to try and buy gold during the down phases with all this money we've made from tech shares and crypto (well, some of us), and turn it into proper money.
If only it was as simple as that.
I bet Elon Musk has already sold his Bitcoins and we'll see a news headline soon.
Ha, bl@@dy, ha, Centamin. So you didn't make it to 124p at 3pm. I can wait.
Hi FireAnt,
I've just seen your post.
I've owned Fresnillo, First Majestic (AG) and currently own Pan American Silver (PAAS). They are all so volatile and are good for traders - which I'm not, generally. The PAAS got crushed last Thursday because it forecast a small decrease in future ozs of silver for this year, although it is expected to increase later this year after Covid restrictions. Make of that what you will. It gives a very small dividend, is the second largest silver miner in the world (Fresnillo is largest) and if you look at the price over the last year, the chart resembles radio waves. I hold for when silver breaks free which could be anytime between now and my demise. AG used to be OK but I think it is buying another miner - I haven't looked into how that will be paid for. I sold Fresnillo a while back - I could buy again sometime, but I don't know when. It looks to me as if large institutions are building up postions in silver miners. Other posters are much more clued up on this than I am.
I hold Newgold (NGD) and Yamana Gold (AUY) on NYSE which both have large silver deposits. I sometimes think super miners BHP, RIO etc are better for me - nice dividends and huge amounts of gold and silver, just as side shows. Lovely for them to be in that position!
When I said I'll just stick to making the tea, I wasn't joking. So be careful.
I should just point out that I'm not a trader here but a long-term holder and see Centamin as a good long-term hold. I reinvest the dividends to gain a nice holding for the time when the gold price will be going ballistic - which I believe it will. My first purchase of Centamin was on the 31 DEC 2012 at 37.67p. So, very long term. The price has gone up and down since then, and will continue to do so. I never make recommendations to buy or sell.
125p is not greedy but 124p should be a nice easy target given ex div is this Thursday :)
Lots of experts are still very bearish on gold and keep saying that stocks are bubbly. This is music to my ears.
Now, Centamin, you just listen to me: 3pm today = Centamin share price 124p = Tunnocks tea cake for me.
Now gold and Centamin, you ARE supposed to blow the bl#@dy doors off! Do it!
Back to work.
DaggerMal
It goes to show how difficult it is to try to forecast the gold price. It now appears to be in a short squeeze - we have Marmot74 to thank for telling us it was on the cards (I remember all the good guys). I'm so glad I bought my Centamin shares below the 108p mark to add to my existing holding. I also added a couple of Canadian miners near the bottom that are doing well, and some Pan American Silver which got absolutely smashed down last Thursday but are now recovering. I failed to buy more physical gold at the bottom, even though I thought it was the bottom - it would be up nearly $200 now.
So, pretty good at the moment, and frankly, there are obviously some fantastic analysts on this board that are willing to help us - and get well rewarded for it too, as they should be.
I think I should stick to making the tea.
Aoife
A very nice post about Mr T, Sotolo. Thank you. I just wish people could ignore posts they are not interested in and let it be without having to resort to abuse.
Yes, it's good to see gold on the rise. It is at the top of that downtrend now. There are still many bears around and as we know, when a share or commodity begins its climb, it is always a slow and tentative process at the start.
I think tech still has a long way to go before the bubble bursts! I did a trade on Friday on the NYSE for MVIS and almost made as much profit in 5 hours as I earn in a month. That is totally crazy. I have worked my socks off this last couple of weeks and I sometimes wonder why. Well, it's probably because if I tried that trade again, I'd be massively down.
Aoife
Mr T
Just say 'present' when your name is called out.
There, that should be enough 'off topics' to be getting on with.
https://www.youtube.com/watch?v=FiWJWLCoH2M
Hello Mr B
Oh, there are always people complaining about something. Yes, just filter those posters that annoy you, or better still, do what Steve Jones does and read the first few words and give up. I'm sure Steve does that on my posts - looks up to see who's written it and says 'O my God, it's that bl@*dy woman again' and quits.
I think Mr T should come back and not let the spoilers win. It's all very harmless stuff, after all. Really, it's as if I'm dealing with my daughters all over again. God help me!
Come back Mr T.
Best wishes to you both.
Aoife
Hi Market22
What were all the recent comments about Mr T? I don't get to read many posts these days so I've obviously missed something. Mr T does not seem to have posted recently. Is he unwell? It does appear to be very qiuet on this board without him. His knowledge on Centamin will be sorely missed.
I hope you are OK, Mr T.
Regards
Afur
'Deficit, who cares?'
Well, it would appear that western governments care. Isn't it the policy now to direct their economies to create inflation to erode the real value of all that debt? - stop the free movement of people, print money and hand it out to people who aren't producing anything, crush businesses (10% of restaurants in Britain have closed for good... and counting) so that when the 'virus' goes away, all that money can chase too few goods.. the list goes on. Isn't all this the reason why I hold physical gold and invest in Centamin?
The author probably doesn't even understand Keynesian economics - I haven't met that many who do. Certainly even Keynes wouldn't understand what governments are doing today.
Hi Mr Bond
I moved away from the pharmaceutical industry because science really isn't very well rewarded in terms of pay in Britain. You need a lot of qualifications in science (chemistry in my case) to land a role and you only really start to get rewarded well, and get noticed, when you move out of laboratory work into management. Germany and the USA are much better countries in which to be a scientist. That's why so many people go there to work. So, I agree, banking and finance were all the rage - until they had to be bailed out! Let's hope the politicians aren't setting us up for something similar in their climate change pursuit.
I read Chriss's comment on the British having a poor work ethic. My experience is that it depends very much on the type of work required and the place of work. You will find that immigrants do work harder than the indigenous people (extremely general comment) in all parts of the world - these people are making a new life for themselves. That includes the British. I was told this a few years ago while talking to a couple on EuroStar who were coming back to Britain from Spain, for their daughter's wedding. The man said he had worked in Australia and many colleagues were from Britain. My husband, who had duel Australian/British citizenship - he was brought up in Brisbane, Queensland - said he bet this man had a lot of trouble getting the 'POMS' to work. The man said that the British were actually the best workers and were highly regarded. I must also say that nearly all the people I have worked with over the years, have been very professional and hard working - some have been a bit too diligent.
Anyway, it's good to see the gold price moving in the right direction. A test of the $1850 level must be on the cards soon. It'll break through at some stage. Any pullbacks will be my opportunity to invest the Centamin dividend. There is a gap in the Centamin price at 107.4p and someone mentioned a couple of other gaps slightly below that. I've no idea if they will be covered - I hope not.
Regards
Aoife
Steph F is still waiting to hear from II. She asked for the confirmation of holding letter on the 5th May. They said they'd take up to 5 working days to reply!
I've updated the list to reflect my sending the letter and email to Rockhopper. I almost bought some more today when I saw the price drop. I think I have enough, though. We should hear this century about any OM payout, with luck.
A
It is so easy to do guys, just copy Glens post, add your holding number and name, postcode and date at the bottom, and send to to Keith.Lough@RockhopperExploration.co.uk
If you want so positive change, this is very little to ask!!
Emailed Jan Davies & Keith Lough ? , Attached Shareholding Confirmation?
Confirm below please.
Orient: 2million 2,000,000
Spacehoppa: 585k 585000 Yes Yes
Surfit: 456k 456,000 (adjusted fig) YES/YES
Bootledoger: 125k 125,000
Steve0 500k 500,000
Pre2rcd: 2.6million 2,600,000
Flipper: 135k 135,000
hewaits: 1.1m 1,100,000
markednmbr1: 455k 455,000
Daikihaku2: 200k 200,000
LaticsRule : 75k 75,000
LSEtown 750k ish 750,000 Yes, Yes
Ovets 800k 800,000
Onyfor1 342,000
Glen 3,500,000 yes, yes
LTT 501,734 YES,YES
mike33 180k 180,000 YES, awaiting
kr2009 250k 250,000
Blinker 240k 240,000
Ephemeral 100K 100,000
CroftOriginal 167k 167,005
Neilius 354k 354,000
Oilfred 500k 500,000 YES YES
Sammen 250,000
TheGreaterFool 170k 170,000
CharlesW 591,000
Cookieptb 100,000
Auson 283k 283,000
dididicer 76k 76,000
OceanGuardian 26K 26,000
The-Bear 259k 113,000
oilfieldhand 113K 113,000
RedSparrow7 106k 105,929 YES, YES
Billbadger 500k 500,000
Deshire: 300k
GordonAlbert 106k
DickHerzberg 200k
Comertose 200k
Steph F 20K
sh1603 180k
Taurus8 265546
Rossannan 250k
JEBR 180k
EbonyOwler 67k
Friend of Spacehoppa 108k 108,433 YES, NO
As someone who would only ever contemplate voting Labour, if it were a credible option, and someone who voted to remain in the EU (I was absolutely forbidden to do otherwise!), in the interests of balance, it is not only the Conservatives that have a little penchant for splashing out the cash on renovations.
Read the 'Reputation' section.
https://en.wikipedia.org/wiki/Derry_Irvine,_Baron_Irvine_of_Lairg
As I have said, nothing is quite as it seems and hasn't been for some time.
I'm not very interested in politics, either. I'm also not interested in gagging people. If someone writes something on this board, I don't have to read it. I also don't believe that a person has to justify his/her existence to anyone else.
Aoife
I completely agree Mr B.
I think the financial war started a long time ago - currency manipulation is always the beginning. I just pray it's kept as a financial war and doesn't spill over into something worse - as it always has done in the past.
Still, if the banks want to keep gold cheap it just means I can build up more of a hoard as funds become available. I expect Russia and China feel the same.
Aoife
If it really is the case that the US doesn't have the amount of gold it is reported to have, I wonder if the authorities may be tempted to buy some gold with all that printed money? I know Dominic Frisby, the journalist who writes for Moneyweek, said a while ago that the Moneyweek team told the British government that it should buy some gold with all those £'s that were printed after the Brexit vote. The government declined - gold was around $1200 at the time, I think.
The trouble is, does the US really have the gold? I think the American people are particularly open to conspiracy theories - UFOs, reds under the bed, who killed Kennedy etc. It seems even worse today - election fraud? It appears that the worlds of Hollywood and reality have merged in the last few years. Once, you went to the cinema and the film ended when the guy got the girl (or more often the other way around), the curtain closed, the lights went on and you came back to the real world. Nowadays, I can't tell the difference and don't know who to believe. Nothing is really what it seems.
And I don't even drink!
Aoife
We are going to get a lot more talk from the likes of Yellen in the future, to reassure US debt holders they are not going to be smashed. Well, of course, they are going to be smashed. There was an opportunity for all that debt to be converted into perpetual bonds paying around 3%, I believe. However, the US has decided to default by inflation. So, price controls are coming to a bond/house near you.
Whatever you are, don't be poor.
I forgot to mention that HBR should also buy BOR - 5p a share should cover it.
My RKH shares are for sale for £1. That's are bargain for HBR in the years to come. They can ditch the crap RKH management and press ahead with the FI development unhindered. All those HBR equity debt holders just need to clear out of the way and then HBR can do a share buyout of RKH for £1.