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Hi Franky yes - I also feel you are correct in your thinking that China is playing a waiting game as they have already said after the 2020 US Elections Mr T may not be in power anyway and so they will see this as .." he has one booking with a yellow already, and with a second yellow he will be off.
As you say this will support Gold far more than the antics in our house of commons. Although I still see a twist coming in that the Queen has authorised Boris's tactics and she might not want to sign any bill for another turn which will be disloyal to Boris. The privy council have advised her after all when agreeing with Boris. She might agree to a general election and in the end the other parties are crying out for Boris to resign to achieve this.

I read an article that the Chinese now have control of 75% of all of the Worlds Raw materials. As Trump is imposing tariffs on Chinese goods and products (such as steel as an example) Ford and Apple have already been complaining about the costs of their parts supply making them uncompetitive. I am not sure they have completely worked out the tariffs are coming back to them. I feel that is why he wants to lower the interest rates to lower the dollar as otherwise the rising dollar causes less impact on the Tariffs. Mr T will continue to press for cuts as he wants a cheaper dollar.

Chaps, glad you are doing well I am doing ok too and see the recovery just starting. I bought some at £1.08 but my wife holds some we bought her before the falls at £2.80 and so for us we have a long way to go yet. Fingers crossed for this to continue.

Yes JP talking later in Zurich which might give an indication of further rate cuts -many are predicting a 0.5% cut will come. This will help us. I think if he does not we can expect a load of tweets from Mr T and pressure back on the Fed.

Yes JP talking later in Zurich which might give an indication of further rate cuts -many are predicting a 0.5% cut will come. This will help us. I think if he does not we can expect a load of tweets from Mr T.

If he indicates rates cuts we will rise from here on positive Gold price rises.

I see the fact the trade wars are leading to discussion he will want to put the Dollar on more equal terms but we will see. Many are expecting a bigger 0.5% cut to come later. This again will help the precious metals.

There are some very big players here building stakes including Blackrock who are no idiots :-
Major Shareholders
Name Type Amount Holding %
BlackRock Inc - 173,060,626 14.97
Van Eck Associates Corporation - 142,267,202 12.31
Sami Abbas Youssef El-Raghy - 78,235,754 7.67
Dimensional Fund Advisors - 60,257,323 5.21
Norges Bank Investment Management - 39,157,310 3.39
The Vanguard Group - 36,701,225 3.18

He actually is also the major shareholder of Pelham, in addition to his major holding in the Company here are the holdings he probably owns over 50% of the Company :-
Major Shareholders
Name Type Amount Holding %
Mr Eduardo Hochschild - 258,565,373 50.64
Pelham Investment Corporation - 258,565,373 50.56
Majedie Asset Management Ltd - 25,384,745 4.96
Van Eck Associates Corporation - 24,715,437 4.83
All figs from Morning star!! Not me.

Please see my earlier comment -we should be rising soon. If Powell indicates rate cuts we will fly -he should do being honest.

Please see my earlier post - we should be up again very soon!!

Hold your shares they will be up very soon-hopefully!!!!

Lower jobs to payroll than estimated the Us economy needs a cut!! This should help us recover - They need growth and the 130,000 jobs to payroll is not enough (over 25,000 were for a census). -Happy days!!!

This should help us recover -The US should cut!!! They need growth of the 130,000 jobs to payroll over 25,000 were for a census. -Happy days!!!

Lower jobs to payroll than estimated the Us economy needs a cut!! This should help us recover - They need growth and the 130,000 jobs to payroll i not enough (over 25,000 were for a census). -Happy days!!!

The Chinese lowered their reserve by 0.5% and also cut the amount their banks need to hold in reserve and so overnight they have just released a shed load of local currency into the markets, the dollar is going to rise even higher and start Mr T -tweeting that Powell is not helping his trade wars unless he cuts (BIG) rates, as everytime he puts tariffs on Chinese goods they devalue their own currency. He might have a point -come on Powell lets see a big cut!!! Gold and the other precious metals should rally on the news. (I hope). Hoc is still a very good Company and producer for the long term whatever happens here.

Might be either Jerome Powell or the other T, Mr T in that as the Chinese lowered their reserve by 0.5% and cutting the amount their banks need to hold in reserve overnight they have just released a shed load of local currency into the markets, the dollar is going to rise even higher and start Mr T -tweeting that Powell is not helping his trade wars unless he cuts rates, as everytime he puts tariffs on Chinese goods they devalue their own currency. He might have a point -come on Powell lets see a big cut!!! Gold and the other precious metals should rally on the news. (I hope).

Hi Franky - very good points as ever but I am wondering as the Chinese lowered their reserve rate and subsequently released several billions of their currency into the market then presumably this has made the Dollar even higher in relative terms and so the Fed must act to cut, otherwise I can see a very angry president tweeting later!!!! We could then get another uplift. I am sure Mr T is an Acacia share holder.

Hi Franky. I was thinking if the US economy gives the USD weight and strength it will rise against other currencies, and if they are a trade war they may want the USD not to overheat to enable the export of the US goods be competitive. This might mean even if the US economy is doing well they may want to lower rates? This is what Mr T tweets about when he says he wants the dollar to fall. He accuses other Countries of manipulating the dollar and so he is not in favour of a High USD which makes Chinese goods cheaper in real terms and his tariffs less effective? Interesting to see if the Fed cut soon?

I saw tonight the Silver price in GBP for the year is up (can you believe) 45%!!! We should be a lot higher than this. Gold price org shows silver too, see link.
https://goldprice.org/
I can only think it is sentiment and the probs with the Argentina or South American Economies considering where Hoch are based that's all. However I still feel we could bounce back tomorrow the way this strange market operates?

However all of my miners went down today, must have been now all of the Worlds problems have been sorted, ha, ha. No one can win them all, all of the time.
Your opportunity might come again to buy here later -who knows? I still however still look at Stob as one of my best longer termers.