Anglo Asian Mining Share Discussion Threads

[wanobi] 15/5/2020 07:15

AVCT - will be off the scale with that RNS today,,,, well done all holders :-) Cheers Wan :-)

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[wanobi] 15/5/2020 07:13

Good morning, Good Luck and Good health today :-)

[ilostthelot] 14/5/2020 23:30

True! Where did you get them?

[fozzie] 14/5/2020 23:24

Yorkshire Gold quite a fitting drink for all us Goldbugs.

I bought TTD at $160 a month ago and it was $330 last week, dropped a bit since but boy what a ride. GAN listed last week and has been over $15 already. This is a great board for ideas and strategies I would love to be able to access such a board on US stocks.

[riggerbeautz] 14/5/2020 23:13

Wan I’m holding off on AA. Until that seller clears. The Silver article is thought provoking, though Impact made a very good 10% gain today.

[riggerbeautz] 14/5/2020 23:11

Not routinely but sometimes fozzie, I prefer Canadian mostly, because I’ve long traded the commodity plays there and have a broker friend similar to Bumpa here, that gets me decent quotes.

[wanobi] 14/5/2020 23:11

okay guys,,, I shall swap the PG Tips for the Yorkshire Gold and report my opinions soon :-),,,, please excuse my softy southerner shortsightedness when I say I have never heard of a GOLD tea until today,,,, many thanx for the heads up chaps, cheers Wan :-)

[fozzie] 14/5/2020 23:04

I think I said yesterday, don't fight the fed. Another clear example today of why I need to do much more homework on US stocks. All gloom and doom last night after a bit of a sell off into the close, we bomb 4% in early trading and some of my stocks were off 5-7% and then the US comes out fighting and reverses early losses to post a good gain. You got a hand it to the yanks, that's why their index has been up to almost 30,000 and we are still where we are. I hold two US stocks, TTD and GAN. Anyone on here routinely invest in US shares?

King Suarez - You are correct in saying that Yorkshire Gold is indeed the King of bagged tea, I have a friend who is a professional tea and coffee taster with over 40 years experience in the art. He pulls a face when I serve him bagged tea but he will accept Yorkshire or Yorkshie Gold which he tells me is by far the best bagged tea.

[brasso3] 14/5/2020 23:03

I just bought a few more 10oz silver bars. No point having any cash in the bank. :)

[wanobi] 14/5/2020 22:47

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agreed Brasso,

Cheers
Wan :-)

[wanobi] 14/5/2020 22:43

ORPH, many thanx for link Brasso, cheers Wan :-)

GAP filled :-)


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[wanobi] 14/5/2020 22:38

many thanx Rb, "the little book of bull moves in bear markets by Schiff" ordered :-),,,,, cheers Wan :-)

[2sporrans] 14/5/2020 22:36

Maybe I've been slow on the uptake but today i was listening to one of the
regional Fed Presidents speaking about the appropriate monetary policy to
combat the extreme recessionary situation in the USA.

He not only advocated -ve rates, he said the Fed base rate ought to go DEEPLY
negative!!
When it was suggested to him that -ve rates seemed to have done little to
stimulate either the Japanese or the European economies, he wasn't having any of it.
His view is that these economies would have suffered even lower growth/inflation were it not for the mild -ve rate policies pursued.

I didn't pick up on what sorts of levels he was thinking, in terms of "Deep".
Given he said 0.5% was modest or some such adjective, surely less than minus 1% base rate; I'd hazard he might be contemplating as low as -2%.

How's that supposed to work, I imagine you asking?

Well, the idea is that all sorts of other lending rates come down - like he specifically mentioned mortgage rates - in concert; also that folk/businesses will spend more cash rather than pay to hold deposits.

At this point i started muttering to myself....
May i add that although i've debated with myself on more occasions than I'd like to
admit, I've yet to lose the argument.

Stuff like...are these deeply -ve rates supposed to revert to something +ve, the moment it's looking like the economy is emerging out of recession; or do they get stuck at somewhere between -ve 1% and zero...?
What's going to happen to efficient investment flows; how distorted will the pricing of future returns or of risk become?
What about debt?
Does it let rip?
Is that OK by you?
There's plenty of other issues..like the death of pension annuities, forcing 'savers' to invest at ever greater risk to their capital to make any return - noting the Fed inflation target remains etched in at 2% - and such monetary largesse will almost surely exacerbate the gross wealth inequalities in the USA.
.
edit: Must not omit: Not only prolong the lives of zombie companies but cosset in many more to the fold of what will become a partially zombie economy.

I suppose these -ve rate zealots must be to the fore of those monetary/banking gurus that wish to see the death of physical cash - and surely abhor the notion of any backing of fiat by the "barbaric relic".

Well, I think that although Gold must be an obvious beneficiary of such chatter amongst the captains of the Fed, it is time to research for listed companies that manufacture home safes.

Seriously, given there really is a growing possibility of not only -ve rates in the US but "deeply" so, I've got to conclude that gold may well soar to not only $1800 or $2000/oz but a fair way higher.
In any event, the spot price has already hit all time highs in most major currencies; i think the $ price is the only exception now and prices in some currencies well above their 2011 [or whenever] highs.

Is this all really happening??

[wanobi] 14/5/2020 22:32

many thanx for posting that NTV, cheers Wan :-)

[wanobi] 14/5/2020 22:31

many thanx Rb,,,, so "History says the silver surge is coming. It means we should hold on and make sure we have the amount of metal we want.",,, cheers Wan :-)

[wanobi] 14/5/2020 22:29

many thanx for heads up someuwin,,, interesting indeed,,, cheers Wan :-)


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[cinoib] 14/5/2020 22:05

Well they held it and then some, a near 900 point turn around. Looks very promissing for a friday.

[wanobi] 14/5/2020 22:03

TXP - another one from russ (many thanx HBR) cheers Wan :-)

Paul Baay talks to BRR Media

[brasso3] 14/5/2020 21:51

Did the Orange man say something to give the markets a boost?

[bumpa33] 14/5/2020 21:48

Some recovery there on the S&P. You gotta love this mkt...!

[riggerbeautz] 14/5/2020 21:45

Interesting analysis

[someuwin] 14/5/2020 20:49

Dentyl mouthwash is Venture Life Group's (VLG) biggest selling product.

Sales of Dentyl mouthwash unexpectedly rocketed in China in the last 6 months. And then on 27th April #VLG's Chinese distributor signs a massive new EUR168m agreement for Dentyl.

Now we find out that mouthwash might reduce the spread of Coronavirus.

Coincidence? or are the Chinese just ahead of the game here?

[stevea171] 14/5/2020 20:28

The Underlying Battle In The Gold Market
May 14

Alasdair Macleod: Gold has been trading in a narrowing range centred on $1700. The underlying battle was between some resolute speculators (hedge funds) and the bullion banks, who have been short all year. The daily chart below shows the classic month-old pennant formation that has resulted.

Gold Breaks Out – Set Tor Surge Another $250



Gold To Surge Toward $2,000
We all knew that when the break-out came, it would signal either speculators or the bullion banks would be crushed, and so did the parties involved. As it happens, it appears the speculators have won. Typically, breakouts from pennants are followed by a rapid move, mirroring the move in, telling us to expect a sharp rise in the gold price of up to $250.

Pennants are not infallible, but given the bullion banks were short before the coronavirus shutdowns in the US and Europe and all central banks’ subsequent promises to accelerate money-printing, the fundamentals appear to back a far higher gold price as well.

In the context of how markets generally are trying to adjust to the promise of monetary inflation, gold’s breakout should be regarded as a major indicator of adverse effects on currencies’ purchasing power in the coming months.