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Whatever direction it takes, I have no doubt it will be positive for gold if its off the back of no rate hike. Which is why I'm kicking myself I didn't top up RRS yesterday when I contemplated it. Fortunately its another month until the rate declaration, hopefully it presents more opportunities to top up under 40 a piece.
As I speculated on the other day, the Fed are appearing to be saying one thing but hoping for another. I don't believe they want to raise rates, and this move by China coupled with the payroll/job openings data, they now have the excuses they need to halt the rise...for now. Problem is, if they don't hike rates...the stock market will rally, and gold will definitely stall or stabilise at its new level. Will the new level be below 1000? not a chance in hell. Will no rise in rates boost gold to 1200-1500+? I doubt it. I suspect it'll reach 1300~ and stabilise without a new crisis, providing there is a delay to raising rates. Hopefully I'm wrong and it skyrockets to 1400+ if they don't hike rates. Knowing my luck, it'll dive to 600.
I'm not entirely convinced they will raise rates to 1%> in the next few years. I just can't see how its feasible until they contain their stupid state budgets/spending levels. They can't afford to live as it is, on their tax receipts without further debt issues, how can they cope with increased rates when wage growth there is pretty dismal, worse than here/most other countries. Without a surprise growth in wages/inflation/consumer spending, its risky to say the least. But then again...its the fed. Much like the BoE they generally mess up future predictions more than not, then blame it on external factors.
All we need now is for the Fed to delay raising rates too, and this should fly. That or raise them significantly slower than people expect them to, ie; by a poxy 0.15-0.25%.
Ah yes, thanks for correcting me.
Golds definitely out of fashion at the minute, can't agree with your no crisis though. Greece might be 2% of Europe but its hundreds of billions of exposure to European banks. That was the small crisis unfolding; look at China. 3 trillion dollars wiped out in around 7 weeks. Thats major. Without them cracking down on sellers it was only getting worse. If Chinas suffering, which it clearly is, then the "healthy western" consumer-focused economies we keep hearing about must be on their knees.
Actually Morila is currently making a loss. Overall though, yes, we remain profitable at the 1k/oz mark. I can think of only one other gold miner who has a similar cash cost per oz, however they have a lot more debt. As for the entry point, I'd say thats down to the individual. Personally I'm adding to my holding every time rangold hits below 40. World debt increases by the day, Chinas a gigantic bubble and the U.S. is only masking their problems. The day will come when the markets again reflect the reality it currently ignores, the last time it reflected reality, gold fell for a while in line with other metals, then skyrocketed. I see no reason why it wont do so again this time. History shows when people panic, gold gains in value. With gold etf's now widely available, plus their rise in popularity during the last downturn, I'd imagine the next gold price spike off the back of a panic could be more wild; Prices could drop a lot heavier at first, followed by a wilder spike; Any surge in ETF buying this time around could add serious gains to gold in very little time.
Below the bid price. Someone was desparate to sell. Or bad news is due. Info on exchange bids is due within a couple weeks, going by news out of Myanmar.
They've retained one property at oakhurst, #11 I think it is, and have let it out. It should fetch between 1.5k-2k a month rent, going by rightmove rental prices in that area. As for burnside, I'd say we have zero chance of getting approval for 4 houses, the local council seem completely against it. George St is another that seems unlikely, but never say never. The tories want the housing boom to continue. 50+, including affordable, houses is no small quantity in an under-build area. Sheerness is the one I'm waiting for an update on. There is a lot of demand down there, houses are selling quite quickly, both new and existing stock. Since planning is already agreed/in place, we can begin anytime we please...to not do so is a bit odd. The board definitely need to pull their socks up, it seems stupid to continue wasting time and money on developments that frankly seem unlikely to be approved, especially when we have permission to build on other sites, which would generate sales or give us lettable assets, generating an income. If they're willing to raise money, at great expense to shareholders -ie like his daughters favourable loan terms - then they should at least utilise it/spend it on sheerness etc.
Agreed, same with the Chinese. A lump sum of 300-500mn pounds for 16bn or so Euros worth of marble in the ground would be an amazing bargain. The sivec isn't included in the 16bn valuation neither, those rights must surely add a half billion or more.
Recommend everyone view it. minimal sign of work done on the factory...not that impressive really, even with the weather delays. A similar build could have been done in Siberia in under 6 months, so I find it a bit of a lame excuse/reason. However, that said, its now at least partially erected and there are photographs to prove it. There is also details on volume of blocks extracted attributed to each quarry. I still hold despite reservations about the board/conflicts of interest. And I intend to hold indefinitely....as if the board fails, I think this will come good in the form of a take over bid at some point. I have no doubt in my mind that this company will have bidders cross hairs squarely targeting the shares once Kosovo becomes more stable/integrated. I personally believe at todays price any potential bid would surely come at a massive premium, in the 100s of percents, even with any future dilution.
Less than half a mil on average a day. Slightest bit of positive news, and the volume increase that would follow could see this sky rocket.
Director buy above 70p. Show of confidence.
That would make them pretty moronic, to confuse the people residing in 6 cottages down a country lane, who openly profess they DON'T want their little community to enlarge, ie; dismissing the population of Tonbridge, as being "one of them" But then again, every ***** has her price.
I doubt it'll fly too, short-term. Will it dive though? not sure. The analysts/industry seem to be observing this with a "market direction" view. ie; if this flops, they expect the market to flop, and no new IPOs to follow anytime soon.
Wouldn't check the bags out then, nor let her see them. Up to 2k...ridiculous but I'll happily profit from celebs/wags/men who buy their missis expensive stuff!
Who are about to float are a customer of Cityfibre. They intend to use the Pborocore to offer residential customers gig connections. I'd recommend all holders read into it, it seems that the first customers are coming online this quarter. It should boost our revenue if it takes off, as they are intending to roll it out in other towns/cities we have or are laying fibre in.
hello there, excellent points. thanks.
Refused...again. I think its high time we held back and sat on the land, and made it known publically that we can't develop there because a select few toffs decided they don't want more houses/people living near them. I don't believe for a second the 3000+ people in need of housing would remain silent, nor just accept it that a select few upper class morons have decided they can't potentially live in one of the social housing we intended to include as part of our next phase.
Hello, I don't believe Chinas stance on Kosovo with regard its "legitimacy" will be a negative factor for us. The Chinese will never recognise Kosovo because of Tibet/Taiwan/various other territories it disputes. That being said, the Chinese certainly trade there. I believe the figure is roughly 6% of Kosovan imports and a similar percentage are exports to China. Around 120mn in imports/15mn in exports. With the modernisation of Kosovo and low wages, I suspect this will grow, especially now Serbia is also warming to Kosovo to appease the E.U.