Member Info for Supercharger

Investors are flooding back in to Chinese ETF's -one of the biggest buyers from our Miners and others. Still feel the miners could restrict sales to really push up prices.

It is the most stable currency known to man and that is why even insurers use it as a determination for Pax settlement when negotiating Aviation claims. However even the quality of Gold is measured as SDR'S at .88% of finesse as Hitler used to water it down. You think I am joking but after the second World War Gold held can never be guaranteed to be 100% pure. So from experience it is always the place to be in times of crises.

I heard today on Bloomberg News that the UK Govt has agreed that all LME trading will take place in the foreseeable future only on line so that traders do not have to travel to London in person. I thought this to be actually very good news as we will presumably suffer less broker/market manipulation as in effect the brokers will be buying / selling in a free open trade market so not subject to any human intervention if you know what I am "dare" saying ?

I heard today on Bloomberg News that the UK Govt has agreed that all LME trading will take place in the foreseeable future only on line so that traders do not have to travel to London in person. I thought this to be actually very good news as we will presumably suffer less broker/market manipulation as in effect the brokers will be buying / selling in a free open trade market bit so subject to any human intervention if you know what I am "dare" saying ?

I heard today on Bloomberg News that the UK Govt has agreed that all LME trading will take place in the foreseeable future only on line so that traders do not have to travel to London in person. I thought this to be actually very good news as we will presumably suffer less broker/market manipulation as in effect the brokers will be buying / selling in a free open trade market bit so subject to any human intervention if you know what I am "dare" saying ?

Bob I worked at Lloyd's and was asked to help solve and help sort all of the world's largest losses. I worked for one of Warren Buffet's Companies doing what Mr Trump would call "a great job" but when I needed the Management support In London when having a life saving operation (following a mistake by a Doctor during a routine operation and after I was recovering at home they made me redundant. I found they offered me no charity and so I have to laugh when I hear how charitable Mr Buffet and his Company is because I did not see it myself. I lost my Income, Health Insurance, everything really when I needed it most. For me I feel in Business there is no charity. However one thing I did that none of the others (to my recollection did) was not take the advice of St.James place, and I invested my own pension out of the UK, mostly in the far east, Singapore, Japan, China, and the USA .My pension was calculated for 99% in USD and I found in my early 50'S I had enough to live on comfortably when Sterling fell (post Brexit vote) and I took my chance to retire. I now find using the same technical aspects of my brain I used in the City to make more money for myself than my London salary and so I have to laugh at those who made my life uncomfortable who are struggling up to London on crowded trains to London everyday, their loss not mine. Life sometimes has a way of balancing the books! I can now care and look after my loved ones from home! I also help local charities that I know are genuine local good causes.

I am in Hochschild as well as Barrick, Fresnillo and Centamin. I have watched closely over the years for some reason favouritism for each of the FTSE miners shares can change almost every day, one in favour one day , one the next. We will probably find tomorrow is a Hochschild day where they will rise back up to make up ground. However unlike one or two quotes on here I do not see Centamin falling again, or the other precious metal miners when the Fed and many fund managers will be investing as a safe havens in Gold and Silver precious metals ETFS. The divis paid by the Miners is far better than what interest you would get in a bank account as cash after all. I would rather be in a precious metals fund at the moment that even a FTSE tracker unless the tracker is out of Banks, The leisure business, well everything else (until,the virus thingy gets under wraps).

Bob-sounds great I will get my misses to make note. To be honest I retired early from Lloyd's (Polite way of saying it) but I had had enough anyway. We are trying to get two extensions built on the house one for my 92 year old Dad, and our 89 year old Mother in law (who is now bedridden) both opposite sides of the house to self isolate them (from each other, ha.ha) so this is my only escape at the moment. No chance of a holiday in these very worrying times at the moment-but we can dream of one day getting a Gold card perhaps when Centmin gathers a head of steam, ha,ha,ha!! -Good luck/health to you too.

Hey Bob -Gold from Egypt on a private B737? Is that Pyramid selling, ha,ha,ha,ha,ha.
I saw my Barrick shares from earlier losses yesterday climb up about 6% & yesterday I got a divi worth 7 cents too -I still feel like you do the Gold miners is the place to be. The other shares I looked at yesterday that looked cheap are still going down. I actually have a feeling (as lots of Aircraft are in fact not owned by Airlines at all) the leasing Comps will be in trouble we are talking but losses for some. Most Aviation Policies have a grounding limit per airport and so not all of the aircraft will be insured if all in one place (even if there is a fire, etc). Not that the virus is an insurable loss? It is not exactly a product failure leading to the continued withdrawal of aircraft from service. An interesting one if there is any Insurance cover at all for what is now a known loss.

From what I hear and know if Aircraft have been parked up for a month or so if wide bodied their under carriages can collapse and if the Jet engines are left without their full covers on the dust and dirt will write them off too (used to be $10 to $20m a prop. So there may be a lot of parts about soon. On ridiculous suggestion on the news was to just park them in the desert? Is that where the Worlds dust and sand is kept? I regret people do not think before they speak.

Hopefully we have found our feet and can start to run higher. Last time I looked my Barrick were up over 6% too great news. It is only my "Long John Silver" holding me back now with Fres and Hoc both down.
Great the Japs want to keep the Gold ready for our Olympic team too, Ha,ha. If not maybe we can finish with a strong Silver, ha,ha.

Which will make our earnings from USD greater in proportion - if the Egyptian Govt are lowering their currency value.

Hopefully the bears have gone and we may be back into another long bull run. Time will tell but if not today I am sure we will soon continue an upward path and be the first to move out of this bear crises market.

Hopefully this will continue for a sustained recovery in precious metals.

Hopefully we will now see a long and sustained Bull run!! As Supply and demand rules the day!!

If as I said the other day they held it all back with the other Gold miners the prices will rise. We need a Goldpec. However Barrick have been saying for some time there is going to be a Gold crises soon as demand exceeds supply in this market -anyway. I think I would myself hold some back and wait for the priced to come back even more but remember for the year we are still up 16% on the Gold price compared to last year - so no panic IMHO.

I also agree sooner or later the prices will rise. My 92 year old Dad has always said in times of crises the world always turns to Gold. It is just a matter of being patient I am sure. I would still prefer to be in this sector rather than anywhere else. I was surprised today as to how far other shares have fallen such as Marstons and Premier oil, etc. I also can see further pressure within the travel Comps and Airlines. I am staying put and for the time being survive on my Dividends.

Over the years I have done very well with Hoch in times of crises.
My 92 year old Dad who over the years has learnt a thing or two has always said "its times of crises everyone always turns to precious metals. Sooner of later most will realize this I am sure. I also heard that Gold and SIlver bullion were at record level of sales this must come back soon. Barrick have been saying for some time that there will be a Gold shortage as when demand increases the supply cannot match it.
Looks at other shares like Marstons, and Premier Oil, etc, etc I am glad I am in here. ok we are suffering buy not as much as others. We last saw some very good results and will get a good dividend. (other like some others that will not get any divi at all.

My 92 year old Dad who over the years has learnt a thing or two has always said "its times of crises everyone always turns to Gold. Sooner of later most will realize this I am sure. I also heard that Gold and SIlver bullion were at record level of sales this must come back soon. Barrick have been saying for some time that there will be a Gold shortage as when demand increases the supply cannot match it.
Looks at other shares like Marstons, and Premier Oil, etc, etc I am glad I am in here. ok we are suffering buy not as much as others, and we know we have a Company with vast amounts of cash in bank and who pays a good divi.

As we usually rise quite a lot after a Fed rate cut and this is a big one the rate of money is worth a whole lot less and this makes the likes of Gold and Silver worth more in comparative terms. I can see the futures for the other financials falling however and so we may see the opposite in play to what happened last Friday with us rising and the other shares falling. It will prove interesting, but anyone coming out of the Gold/Silver last Friday might now wish they had stayed in.
Time will tell.