Anglo Asian Mining Share Discussion Threads

[bleepy] 07/6/2019 18:36

Ruskies will be only to glad to trade their oil for gold, themselves increasingly accumulating gold.
Great insight into China’s energy/gold markets and far from helpless in countering Trumps sabre rattling. Interesting times ahead, thanks mattjos.

[laurence llewelyn binliner] 07/6/2019 18:09

Great to see the close over 100p at last, strong POG and it's entirely reasonable to expect a solid run up to AGM/ExDiv ... :o)

[riggerbeautz] 07/6/2019 17:33

Wan if you can’t hold it, you don’t own it :)

If Bruce Rowan (Edit just looked his card up, actually it’s Bruce Russell) can’t think where I got Rowan from)is still around at the Guernsey mint he’s a cracking insight into all things precious and used to be able to enjoy his restaurant next door. Well worth a boat trip or flight even.

Last time I went was 2012, really good guy if still around. Atkinson’s in B’ham another that will take you in a side office and spend time imparting education on spotting fakes etc.

[goodgrief] 07/6/2019 17:17

Sovereigns and Britannia's stored under the mattress. No CGT or VAT. No counterparty risk. But then if you live in a dodgy neighbourhood...

[mattjos] 07/6/2019 17:01

they will not be able to control that by dumping paper contracts. Selling Gold short with paper contracts will soon become an act of self-immolation.

USA markets are insane .. just about every economic indicator is now flashing an imminent recession & yet they still interpret bad news as goods news and push the indexes higher. Some folk are shortly going to be left holding the rotting fruit.

At what point, and who, will be the first to proclaim the emperor is indeed naked?

[wanobi] 07/6/2019 17:01

okay chaps, what is the best way to buy and hold physical gold please? thanx, cheers Wan



any good?

[rhuvaal2] 07/6/2019 16:59

Hawk eyes knew of this around a year ago ~ but I'm pleased to see it written up again 8) to give peeps more confidence

[wanobi] 07/6/2019 16:59

holy cow Mj, if that's true,,,, post 22722 on main AAZ thread,,,, many thanx for posting it,,,, cheers Wan :-)

[wanobi] 07/6/2019 16:56

yep, chart always said it would Rb, hey ho that's life, I sincerely wish you the very best with it,,, I hope it goes way way higher for you :-) Have a great weekend, cheers Wan :-)

[lefrene] 07/6/2019 16:55

Wow, thank you for that insight Mattjos

[mattjos] 07/6/2019 16:51

this is very interesting:

No. 3: Oil for Gold – China’s Golden Alternative
In 2017, when tensions with North Korea were rising, Trump’s Treasury secretary threatened to kick China out of the U.S. dollar system if it didn’t crack down on North Korea.

If the threat had been carried out, it would have been the financial equivalent of dropping a nuclear bomb on Beijing.

Without access to dollars, China would struggle to import oil and engage in international trade. Its economy would come to a grinding halt.

China would rather not depend on an adversary like this. This is one of the main reasons it created what I call the “Golden Alternative.”

Last year, the Shanghai International Energy Exchange launched a crude oil futures contract denominated in Chinese yuan. For the first time in the post-World War II era, it will allow for large oil transactions outside of the U.S. dollar.

Of course, most oil producers don’t want a large reserve of yuan.

That’s why China has explicitly linked the crude futures contract with the ability to convert yuan into physical gold – without touching the Chinese government’s official reserves – through gold exchanges in Shanghai and Hong Kong. (Shanghai is already the world’s largest physical gold market.)

Bottom line, China’s Golden Alternative will allow oil producers to sell oil for gold and completely bypass any restrictions, regulations, or sanctions of the U.S. financial system.

With China’s Golden Alternative, a lot of oil money is going to flow into yuan and gold instead of dollars and Treasuries.

CNBC estimates that the amount of redirected oil money will eventually hit $600-$800 billion. Much of this will flow into the gold market, which itself is only $170 billion.

Consider this…

China is the world’s largest importer of oil.

So far this year, China has imported an average of around 9.8 million barrels of oil per day. This number is expected to grow at least 10% per year.

Right now, oil is hovering around $60 per barrel. That means China is spending around $588 million per day to import oil.

Gold is currently priced around $1,330 an ounce.

That means every day, China is importing oil worth over 442,105 ounces of gold.

If we’re conservative and assume that just half of Chinese imports will be purchased in gold soon, it translates into increased demand of more than 80 million ounces per year – or more than 70% of gold’s annual production.

This shift hasn’t been priced into the gold price. When it happens, the increased demand for gold from China’s Golden Alternative is going to shock the gold market.

The bottom line is, China’s Golden Alternative is a big step towards gold’s re-monetization.

[mattjos] 07/6/2019 16:51

all done in the last few seconds jb

[jbravo2] 07/6/2019 16:40

Yes an interesting auction.
Bit baffling why the 11900 came in at 103p though? And why didn't it complete at that price? Did he change it to 101p in the very last second?
Its hard to catch the changes if its done in the last second.

[mattjos] 07/6/2019 16:38

buyer intentionally left 137 shares at 101p in the closing auction, having initially signalled he would take them all at that price.
They seem to do that as a signal to the seller that they are after more in the next auction.
Let's see how the opening auction goes on Monday and if the seller has any more left. £1 brakes are nearly gone now

[wanobi] 07/6/2019 16:36

STCM - all eyes on the trades page then :-) see what's really been going on there today :-) LOL, oh what a game :-) cheers Wan

[lefrene] 07/6/2019 16:36

Hmm, 101p on the bid, Baldrick will be pleased that half his turnip is not under threat! Good to see this close over £1, hopefully more to come next week.

[wanobi] 07/6/2019 16:35

thanks Bumpa, lets see, I might trade it for a few quid yet ….. :-) cheers Wan

[bumpa33] 07/6/2019 16:31

Wan - would expect some coverage over the weekend on EVRH, in which case Monday should provide an opp to trade.

Have a good weekend :)

[wanobi] 07/6/2019 16:07

Rb - HL's response just came through in writing; :-) LOL oh well, can't buy them all :-) cheers Wan

Thank you for your call on Monday 3rd June 2019.

During this call, you asked if we could hold Gran Colombia Gold shares on our platform. I submitted a request to our Stock file team, who manage the adding or removal of stock from our platform. They have confirmed that unfortunately we are unable to trade Gran Colombia Gold on behalf of our clients, as this particular stock does not settle within the CREST system used by us to settle international securities within our HL service.

CREST is a UK-based Central Securities Depository that holds UK equities and UK gilts as well as Irish equities and other international securities. CREST allows shareholders and bondholders to hold assets in a dematerialised stock, i.e. electronic form, rather than holding physical share certificates.

If a stock, such as Gran Colombia Gold, does not settle within this system we are unable to trade it on behalf of our clients.

If you have any other questions, please get back to me.

[jbravo2] 07/6/2019 16:02

Yeah
Don't be short on gold.
And don't be short on your number of shares held here.

Load up.

AGM in 13 days

[lefrene] 07/6/2019 15:53

$1350 would seem to be the barrier that will start an upwards re calibration. I certainly wouldn't feel happy being short gold just now.

[cinoib] 07/6/2019 15:46

Think the U.S. job numbers are giving gold a nudge in the right direction, now $1346 as I write + the $ is also down on all majors.

[riggerbeautz] 07/6/2019 15:44

Think we could be in for a period of volatility, VIX should be telling.

I’d like to go gung ho on Silver but so many false dawns.