Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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.
PROS: The RSI is showing the stock oversold, the MACD is slowly turning up and the share price is well below the 20, 50 and 200 moving day averages. NEGATIVES: The Pound has fallen considerably and NEXT buys most of its products from overseas. A 20% fall in Sterling has cost NEXT a great deal. Whilst some people are saying that Sterling could recover in the second half of the year the likelihood is that Sterling will weaken again as we head towards March. We might even see a spike down in March. Holidays - are Brits going to go on holiday this year with a much weaker Pound and what affect will a downturn on foreign holidays have on NEXT with people buying holiday clothing? Inflation - inflation is here and is going to get worse as the year progresses. People will become aware of less money in their pockets as food and energy bills rise. In the US Trump's policies are deliberately inflationary and the UK always follows the US in terms of inflation. Dividend - it might not be cut now but trading in the coming months could see the company do an about turn on their 45p quarterly dividends. I suspect that there will be another profit warning in the Spring - the 45p dividend feels like desperation. No need to offer that if the board feels that the bottom is near. The stock is currently over-sold and it is possible that we get a bounce here but I don't think the bottom has been found yet and we could easily see £29.XX as a target. Yes, £29. That's a 30% drop from here yet.
FCX reporting before the open in the US tomorrow went up about 9% today. Copper surged but looks like shorts covering as China goes away on hols for 2 weeks. MIGHT be an absence of Chinese buyers in the next fortnight.
We are 6 months or more into a new gold bull market and the share price of this company is doing nothing. What on earth is going on? Even the most awful gold and silver miners around the world have shot up in the past few months. Many miners are up several hundred percent. Yet this SP just flounders. If they do not pull their fingers out soon they will miss one of the best gold bulls in years.
We're deu another January or August 15 crash so we could see this drop considerably under a quid IMPO. Perhaps it would be a tradeable buy and sell if you have the brass monkeys to buy on such a dip. Longterm, I think this trends down IMPO. sain@vision - good post.
Marks and Spencer is all over the place. On a few places it was showing as just under £2.99 - and I was ready to buy tomorrow. But then I saw that it is nearer £3.50. Is that right? Is this more BOE of fuddling before they crash the Pound further tomorrow.
Marks and Spencer is all over the place. On a few places it was showing as just under £2.99 - and I was ready to buy tomorrow. But then I saw that it is nearer £3.50. Is that right? Is this more BOE of fuddling before they crash the Pound further tomorrow.
Buying stock in USD is going to weigh on this company IMPO. I can only see it going lower in the short-term. Brits are about to see things get more expensive so you could have a double whammy of SPD buying in stock in USD but also a slow-down in Brits spending. I can see this a good £1 cheaper by the Autumn.
I will wait and see if this gets to about 75p now. With so many UK property funds closing and stopping any withdrawals for the next month it is clear that UK property is entering a crisis period in the UK.
Apple's SP is tumbling after reports of a 70 - 80% drop in chip shipments for the iphone. http://www.zerohedge.com/news/2016-05-12/aapl-plunges-after-report-70-80-plunge-iphone-chip-shipments
Surprised this is down this morning. Was expecting it to rally with the FTSE.
Anyone know how much was paid for the John Francis chain in Swansea & West Wales?