Member Info for tawse57

Not watched the prog yet but, having had a look on various financial forums, the reaction seems very negative. But how any of those negative posts are from competing EAs who see PB as a threat is difficult to say. This loan agreement thing needs further investigation. Customers are supposedly, what, applying for a loan when they think that they are simply paying a fee? Is that right? If so, that is a big negative. I am sure that traditional EAs will be using the BBC prog to rubbish PB at every opportunity now. But, when push comes to solve, if the market is so buoyant then people will proably wonder why they should pay more than what PB is charging them. The BOE is trying desperately not to raise IRs out of fear of crashing the housing market - the BOE has created a massive debt bubble and when it pops - it will NOT be different this time - I imagine that every penny will count to the sellers and hence PB's lower fees will be the winner then. But, in the short term, we will have to see how the SP does tomorrow and what the volume is. The big boys could begin distributing I suppose?

Nick?

Argues that a junk rating is coming to most of the miners in South Africa. http://www.safehaven.com/article/44556/experts-expect-a-wipeout-for-south-african-miners

Do any of you longterm holders have any thoughts on what is happening re Qatar and Saudi? There were reports yesterday that Qatar needs to raise cash by possibility liquidating stock positions - I saw that Sainsbury, BP, Glencore and Barclays were mentioned as being significant positions held by the Qatari govt?

US grocer stocks are getting blitzed. http://www.zerohedge.com/news/2017-06-16/grocermageddon-goes-global

The USD could be bottoming today and tomorrow. Just something to bear in mind

Both are in GDXJ etf aren't they - they probably buy and sell both shares simultaneously?

British retail sales posted the biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote started to pressure consumers. Retail sales volumes contracted 1.4 percent in the first quarter following a 0.8 percent rise in the last three months of 2016, the Office for National Statistics said on Friday. That was the biggest quarterly fall since the first quarter of 2010, and is likely to reinforce the view among many economists that household spending - the main driver of the economy - is now slowing. http://uk.reuters.com/article/uk-britain-economy-retail-idUKKBN17N0V3

I wonder how the Summer will affect the clothing sector? Will Brits be holidaying at home? What if the summer is poor and no one buys Summer clothes? Weak Pound affecting clothing firms at all levels?

After yesterday's move in gold/silver in the US it would not be unusual to have some profit taking today. It will be interesting how big that profit-taking is. If smallish then this will be bullish MT to LT for PMs but if everyone decides to sell out then we could see gold and silver head back down. Today and tomorrow crucial.

Surprised this has risen so much considering that gold and silver have fallen today - and that it has held on to the rise. Good stuff.

Up to 2.58 - 4% up. What happened there?

Silver is now 10 cents below where London closed yesterday. UK silver miners are up currently but I will be surprised if that lasts. The USD is back up. Euro is down on worries about Le Pen, European banks. Also saw quite a bit of gold SOS in the US last night after hours.

The USD looks as if it is about to form a daily cycle low and then pop higher.

@seer - I was watching an old BBC doc on youtube about Welsh miners. One chap said how he went into the mines at 14 and there was a major rock fall. He was trapped for a day with his best mate dead beside him. They eventually got him out, sent him home to wash and sleep. He was expected to be back at work the next day. They sent him in to clear up the rocks that had trapped him and killed his friend. He was to dig his friend out.

Gold and silver on a tear this morning. But it is Fed day and we could just as easily see a major reversal dependent on what Yellen says or how she says it. Crazy.

Silver was 17.54 when London closed yesterday. Below that by a few cents currently.

Silver was up more last night after London closed but looks like it is falling back this morning. It is a complete toss up today what will happen with Yellen and the USD.

Trump wants a weaker USD so that is great for gold and silver. But Yellen is staying in her job until next January, unless fired and no fed Chairperson has been fired, so she could go into war against Trump. She could be very hawkish this week and aim to be a pain in Trump's backside for the rest of the year.

Never said that QPP would go to 0P. Do remember loads of rampers losing their shirts on it though. Never shorted a stock in my life and never will - especially in a bull market. Fascinating how the rampers of every stock think that by accusing someone of shorting is going to change the fundamentals of any given stock price.