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Political uncertainty continues and the precious metals such as Gold price still rise. Bloomberg has just announced they believe that 48 Letters have been received under the 1922 committee riles for a Conservative leadership challenge, meaning the uncertainty will continue for sometime yet.

Checked the NYSE tonight and Barclays appeared to finish the day up over the other side of the pond, and so hopefully we will get some support here as our American friends see this as a buying opportunity -whatever happens with and in the commons.

Some choice words here suggest to me a shorter could be in the wings, and for someone who does not have the time to study results figures, or listen to the CEO to see where the real income for Barclays is coming from. I.e. Is it from their investment team based in the states earning income in dollars, or for granting mortgages in the UK?
To be honest I am happy with the increased profit of £1.46m for the last three months up from the £1.1m for the same period last year, and all we now need is some additional interest from one of the US majors.

The uncertain economic climate in the UK is raising precious metal prices, the fact the Chinese appear willing to talk to Trump about trade, and the fact sterling is falling further against the dollar, all should help tomorrow us, and to be honest in the next couple of weeks.
Also I see Barrick and Randgold are releasing a webcast of their investor days starting jointly from tomorrow that might be interesting by/ when the week is out if any further mention is made of the Acacia proposals? .

Someone here does not know about Barclays one of the biggest investment houses on the NYSE, watch Barclays Bloomberg index every day like I do, and you will see their name everywhere. Their market bibs are prominently worn on the NYSE and they sponsor major US sports events and stadiums.
Believe me it was not long ago I heard of Citibank take over rumours of Barclays, and their investment arm is most successful.

Agree apart from Acacia Gold a very good defensive share this, as the true nature of people comes out in the commons. Also the foreign earnings will mean more to the balance sheet for Vodafone as sterling has fallen so much.

The falling sterling will actually help Beazley as most Lloyd's Underwriters account in Usd which will mean a greater premium income equivalent when converted back into sterling.

Why not? I am happy to fill my car up on premier oil, or anything from the North Sea. I can't see that Mr Barny has this in his own back yard, and keep yer hands off ours!

In the same way that Barclays saw opportunities to take over Lehman, etc, I can see the US banks seeing Barclays and or the other UK banks now as an opportunity for a take over, in fact if sterling continues to fall they probably will not be able to resist it - we need to watch this one. .

If sterling falls and less go abroad - would that not mean more Pizza's ordered in the UK, and a greater income from those sold abroad when converted back into sterling? No Brexit could be tasty good news for this share if you think about it!

Just thought if Barrick or Randgold are wanting to buy up the remaining Acacia shares now is a good time what with sterling falling etc. Not only will this be cheaper for Barrick using their dollars to buy Acacia sterling held shares but Randgold share price has risen in comparison with Aca and so I suspect the Abx shares will rise in line too.

More Uk holidays now what with less being able to afford a holiday abroad - considering today's sterling falls. Means more people staying in the Uk, or at home drowning their sorrows both of which could help Marstons ?. i.e. Pubs and Wine bars whilst in full discussion, and beer sales could increase .

Could be one to watch this one. .

Reaffirms my original decision to buy Acacia what seems like all those ears ago when Brexit first started.

The uncertainty will help Silver and Gold prices. Also other people could come in here as their other shares fall and the dollar rises. I see many top 100 shares falling today initially and many Miners are at a low price who will be good value for those hoping to move upwards at some pace soon.

As I said a couple of days ago a good place to be here holding Acacia all things considered in my opinion.

Today we have pure uncertainty about Brexit and it looks like a large number of dissenters without them even being able to read Theresa May's draft text - complete chaos, Inflation higher than the govt. would wish but not unexpected and they will need expansion and growth after whatever happens which could mean lower interest rates for longer. No wonder Acacia is rising. Would you want to go into the market for other shares as the moment or the Miners?
I suppose we now need a more dovish tone from Mr Powell and we may be back above £1.70 and on to £2.00 a share. Lets see what happens. Happy to hold this one at the moment.

Sorry mean't if sterling rises international Company shares on the ftse could fall.

Now the fun begins. Cabinet meeting called for Wednesday, Conservatives being given draft to read and each Cabinet minister to be called in individually by the PM for their opinion. Could be interesting, also apparently Sterling is surging on the markets, meaning less likely for an interest rate rise, but more than likely stocks could fall on sterling strength. If Sterling falls shares could fall, and with less likely interest rate rises to shore up sterling perhaps Gold could rise? However Is till feel a lot is to do with the Fed and Mr Powell will have say in all of this too.
To be honest a lot of my old far eastern friends and clients particularly in Japan have been buying Gold or foreign shares due to the lack of domestic interest or in recent years negative interest which might be one reason Franky?.

Hello Dimi-to be honest I am not so sure, as there are pressures within the USA to avoid further interest rises. i.e. Despite all the growth the US Housing market is still depressed. Also Trump wants to expand business, not contract with monetary policy. It really is a difficult call on Gold at the moment. i.e. If Trump does a trade deal exports and demand should pick up which will help Gold. If rates rise this will initially go against it as most will still see the USD as a safer place for interest, as Gold itself does not pay any. I understand Mr Powell may be talking tomorrow so we will know more then about his own thoughts for December and into next year. Difficult call. The other interesting thing is if the Interest rate in the states goes up and the dollar becomes stronger the imports into the states become cheaper and so Mr Trumps tariffs have less of an effect. I understand his Policies are not really slowing down the Chinese economy in any case as now they have such a Domestic demand. The US may well have underestimated the Chinese economy if you ask me. They will become the largest economy due to the size of its population and so in time this will be inevitable. This Chinese growth will help Gold in the future. Also form what I hear and last saw in London most of the more expensive properties were being bought by the Chinese and not the Americans. No wonder the Chinese also see Acacia mining as of interest. We may yet see them come in here somewhere.

Thanks chaps :- I see this that if Acacia was doomed they would not be Interested in buying out so they know its true worth. They also would not issue a statement under ABX -NYSE to play this all down what with the Aca share price rising, etc on the RRS press comment. .
I think the Gold price will rise more likely if the Fed do not raise interest rated in December, and or if Chinese demand picks on any Trump trade deal -rather than be affected by Brexit.
However for Acacia the high Dollar will help profits as Gold is rated in USD and a fall in GBP will help?. .
Frank yes for the Tomato's the man from Dolmio he say yes. .

I cannot see the likes of the major shareholders (Mr Tinkler excluded) some of whom are high return award winners Invesco, M&G P/O Prudential Ins Group, etc, allow this share to fall down much more without supporting. I have spoken to representatives about this sort of thing before and where'as as small shareholders we feel this type of fall today to be a big thing, they merely look at this as a blip. I am sure the unrest in the Camp will settle here very quickly.

Yes understand in general the US market is concerned about rising rates on the back of Hawkish comments with the last Fed announcement as many market makers suspect another rise in December.
This may affect Gold prices which could fall, but for UK International Companies and/or those who earn in USD this might actually help earnings when converted back into GBP. I am surprised therefore by the fall in one or two other shares short-term, but we also have negative sentiment because of Brexit. A difficult market on balance.