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So does that make kinesis the first fractional convertible cryptocurrency? The $pog has shot up this week, but all it has been doing is offsetting the plunge in the dollar. In fact it has struggled to even do this. Today it has checked its progress, but I feel it is merely catching its breath. The USA seems to have come to terms with the sliding dollar and goldslaps are infrequent and minor. I expect a strong finish to the $pog at about $1380 this week. Well it's worth hoping......

is masking a rather indifferent period for the �pog. At �954, gold is trading towards the lower part of the range for 2017. The sp often follows the $pog in the short run, but it must be obvious to everyone that this is a run on the dollar, with $pog just tagging along for the ride. I think the drop in the sp to the 130s was an aberration, so the sp should hold up well. The finacial results and the possibility of West African developments should keep us strong over the next week. But then we will have to see...

about 6% against the pound since Xmas. The price of copper in dollars is the same as it was at Xmas ($poc). It follows that the price of copper in sterling (�poc) has fallen by about 6% over this period. The share price was 815p at Xmas. It is now 862p as I write, so we appear to be having a good month Of course at Xmas the output figures were not known, and they seem to be at or above expectations. The trend in copper prices is being muddied, IMO, by what is happening to the dollar. The dollar index is now only a little above 89 and is lower than at any point since 2014. It may be returning to its normal level in the low 80s which prevailed in the first half of the decade. What appears to be a rise in commodity prices is in fact a fall in the dollar. Once this effect is stripped out, commodity prices are flat or falling. The same is happening in gold. After a long flat period in January up till now, copper stocks are rising sharply again this week, and this may be putting a break on price. Kaz definitely remains a hold while we wait for the financial results.

The dollar is probably overvalued. The dollar index was fairly stable in the low 80s until mid 2014 when it rose by 2015 into the 90s, hitting a high over 100 between Trump's election and inauguration. Since then, the dollar has been on a gradual slide, amounting to over 10% over the last year, despite rising interest rates. We haven't noticed it because the pound has been on a slide as well until recently. I think a further 10% drop is entirely possible. If this is reflected in the gold price, we would be up in $1480s. This might not increase the share price at all if the �pog remains stable.

may be linked to the Senate approving Jerome Powell as the next head of the Fed. He may increase interest rates more slowly than Yellen, and, as an essentially political appointment, be more susceptible to pressure from Trump - who is known to like lower interest rates. I have long held the view that Trump is pursuing a cheap dollar route to jobs growth

The dollar is falling. The price of gold in other currencies is fairly flat. The share price is going up in dollars but is flattish in pounds. The dollar index has dropped below the psychologically important 90 this morning. I would expect a gold slap this afternoon, but it may not be very effective. The pound is now over $1.40 which will make my planned holiday to California this September a little cheaper

There is too much downward pressure on the dollar for a goldsmack to be very effective today. Gold has just turned back up and the dollar index is down to around 90.3 The market will probably now prove me wrong !

Alas! But looking on the bright side, the slide in the dollar is currently the main engine behind the rising $pog, so more profis in the future.

this morning has dropped quite sharply (but not too far yet) possibly due to a jump in copper stocks yesterday both on COMEX and LME. KAZ has over-reacted as per normal

Perhaps the markets are finally reacting to the 4% appreciation of the pound against the dollar. My Diapog measure of the value of gold has not risen much lately despite the jump in the $pog because the dollar index is in decline.

not seen since December 2014 and is fast approaching the psychological 90 level. The �pog is pretty steady in mid 970s as it has been all year (2018 that is) and is broadly back at October/November 2017 peak levels after its December wobble I wonder if Trump, in a stable geniusy kind of way, has a secret policy of letting the dollar gradually slide to create jobs in the US export and import substitution industries, whilst at the same time shafting China by reducing the international value of its dollar denominated assets, all the while ensuring that the jobs don't go to new immigrants?

suggestions. IG looks good. I'll look into it

I think it is implied in the RNS. Unfortunately I was unable to sell GFRD this morning because of a technical hitch at my broker ii. I'm thinking of moving to a more reliable provider.

I am back in ii now and have left a message using their secure message service complaining about the appalling level of service and asking for compensation for losses incurred due to my inability to trade. I don't know how far i will get with that, but I also told them I was considering moving my account. Any strong recommendations for an alternative broker? I refuse to use HL because of their overtly political marketing campaigns

Whether they have to cover CLLN's part of the legacy problems will depend on the samll print in the contracts. Any ideas anyone?

No neither can I now. It is showing a 500 server error, which just means something unspecified is wrong with the ii server.

There is a major public housing contract in Northern ireland I believe which would be suitable for GFRD, and also there are quite a few rail infrastructure projects that should become available. As you say philpot - at the right price - but some growth opportunities will come out of this crisis. Just very pleased that I managed to sell my CLLN (at a small loss) last week for an average of about 18p

Or is the dollar going down? A little bit of each I think, but more the dollar going down. Remember the sp is in �. The market will respond to the $ poc in the short run, but in the long run its �poc that counts. Does anyone know a good site that charts copper in sterling?

Agree. Very poor. But you can get back in now.

I sold up CLLN during last week (at a loss) and put the money back in POG