Anglo Asian Mining Share Discussion Threads

[wanobi] 25/6/2020 08:03

AVCT -

Cheers
Wan :-)

[gold finger 1] 25/6/2020 07:51

I listen to peter schiff all the time.
He has been saying the same things for many years.
If you say the same thing for long enough you are going to be right sooner or later.
It seems later has now finally come.
You also have to remember he makes his money from pushing gold.

[brasso3] 25/6/2020 07:51

I expect there will be an RNS at ALTN tomorrow for the AGM. Could be another good rise today on anticipation.

[wanobi] 25/6/2020 07:42

EVG trying to fill that GAP it seems, let's see if it plays out,,,,, GLA Holders Cheers Wan :-)


free stock charts from uk.advfn.com

[wanobi] 25/6/2020 07:32

Spot Gold at 1763
Brent at 39.97

Cheers
Wan :-)

[wanobi] 25/6/2020 07:20

Cheers
Wan :-)

[wanobi] 25/6/2020 07:04

4D - yahooooo, Acacia Research Corporation are out 9% down to 0%,,, well that didn't take long,,, now let's see what happens :-) GLA Holders Cheers Wan :-)

[brasso3] 25/6/2020 07:03

Confirmation that the seller is out on DDDD.

[wanobi] 25/6/2020 06:59

Good morning all, Good luck and good health to you all today :-) Cheers Wan :-)

[brasso3] 25/6/2020 06:25

Peter Schiff is very good IMO and called the 2008 crisis also. I do not agree with everything he says but he has a very good grasp on economics and money. I never understand his refusal to consider BTC but its not everyone's taste.

[mattjos] 24/6/2020 23:54

I believe so but, it's so concentrated into just a few stocks. Very dangerous

[2sporrans] 24/6/2020 23:48

I'd say today was actually a good one for POG.
Going by price in non $US currency basket, fully $10/oz got
knocked off the POG due to $ appreciation.

Funny how the $US was weakening as expectations of faster econ. recovery grew
with the re-openings......then it strengthened suddenly, just as fears gripped that surging virus infections could derail the merry bandwagon.

[2sporrans] 24/6/2020 23:22

Matt

On the relationship between savings and rates, one can debate cause and effect.
One of the key drivers for developed economies since 2008 [and Japan since 1989] has been a rise in % of incomes saved as a function of aging demographics.
In turn this creates a disinflationary [or even deflationary, as in Japan] tendency, most obvious in slow growing economies and becomes particularly concerning during recessions - such as now.

Japan hasn't experienced any sustained economic growth since 1989.
The CB policy response of massive QE [greater per capita than US or Europe - at least until Covid days] is challenged to engender much [via increased lending] real economic growth, in part because the public have been such avid purchasers of Treasury bonds, they've been largely doing the QE job for the CB for decades now.
I've not checked recently but the Gov't Debt:GDP ratio is sky high, I think now over 2*GDP.
The Jap. savers ['Mrs. Watanabe'] have mopped up nearly all the bond issuance the banks - CB/QE and secondary + pensions providers haven't.
So, virtually all the Gov bonds have been hoovered up by domestic buyers.

i guess this goes a long way to explain why the Yen has been such a resolutely strong currency the past few decades, despite the huge level of G. Debt; there are so few foreign holders to precipitate a run on the Yen by flogging off billions of bonds, should they be that way inclined from time to time.
Like, until 3 or so months ago at least, very large capital flows from Europe esp. had fed into the demand for US Treasuries as their yields, though low were decidedly high compared to those in Europe and Japan in particular.

I've just reflected that over the decades leading up to 1989, Japanese equities put in a storming performance, way better than other major developed nations.
They were hugely overbought and by the 1980s PE valuations in excess of 40 were commonplace for mundane blue chips and a lot more for fast growing ones.
Back then Mrs Watanabe kept on buying Jap. shares regardless, especially in the Co. Mr Watanabe worked for, heedless of the gross overvaluation [bubble]; this was partly a cultural, loyalty inspired pursuit.
Nikkei 225 topped out nearly 40,000 1989.
About 22,500 now; low points of under 8,000 in 2003 and Feb. 2009.

Are we witnessing something similar unfurl now, in the USA in particular and especially the FAANGS?

[mattjos] 24/6/2020 23:19

He does talk a lot but, I firmly believe that this time around, he is absolutely correct:https://youtu.be/VikljNc8MSY

[swallowsflysouth] 24/6/2020 21:28

not cv19 but ibs which is just as important if not more so if it reinforces cancer and asthma trial successes.

[stevea171] 24/6/2020 20:14

Matt. You may be interested in this:

Petropavlovsk (POG) dual listing LSE and Moscow Exchange MOEX.
The first day of admission to MOEX and trading under the ticker POGR is scheduled for 25 June 2020. Quotation and settlement of the Company's shares will be in local currency, the Russian Rouble.

The listing ceremony, which will include a 'ringing of the bell' by the Company's co-founder and CEO, Dr Pavel Maslovskiy, will commence at 07:45 BST and will be broadcast live in Russian on the Company's website, with the opportunity for interactive Q&A, via the following URL:



Ticker: POGR
FX: 86.4 roubles to £1
FX: 1 RUB to .01157 GBP

LSE close POG: 30p
MOEX open POGR: 25.9 RUB

[swallowsflysouth] 24/6/2020 19:57

Clinical trial participation closed on 11th June. Almost two weeks ago. Looks like game on.


ps for DDDD cv19 trial

[mattjos] 24/6/2020 18:39

I think its all pretty simple & people credit the FED and other Central Bankers with far too much intelligence and savvy - they may be technically competent about money but, i don't see any of them possessing common sense, rapport with the common man or a ready willingness to accept they are wrong. Rather, they continually repeat and double-down on past failed actions. That seems a bad combination of arrogance and ignorance.The lower rates go, the more the private individual (with a brain at least) realises he/she must save more for old age .. Japan has proven that.In trying to find a meaningful return on savings, folk are being forced to take on greater risk that they might otherwise have been comfortable doing.In the USA, this is being channelled into an ever narrower number of Tech Stocks & the leadership of those Tech companies are growing ever bolder and arrogant on their company valuations. At some point in time, the establishment is going to force those companies to break up / go smaller as they will not tolerate the challenge to their throne. The more this NASDAQ melt-up goes on, the greater the risks, imo. As a trade, it is just too crowded

[cinoib] 24/6/2020 18:27

So I don't have to worry then as my pension is from the government and the rest is in here, even T.S.B. are giving 3% so they must be crazzy. I have never invested in a pension fund as looked into them 40 years ago and could get back more leaving it in the bank at wahat was then about 13% or so. I bought land with my spare dosh and always will. Will always remember Mark twain words when I think of pensions and other rediculous return investments. "Buy land son, they're not making any more".
See we manged to hang on to some gains then and the yanks doing therir best to hold it down but loosing.

[lefrene] 24/6/2020 17:36

baddeal you could be correct, although last time the QE stayed within the financial sector in the same way the $ trillions being thrown at the repo-market will stay in the financial loop. However this time they are pumping money directly into the hands of people, and even more is promised by Mr Trump. It's arguable that the job destruction currently happening might be a counter balance, we will have to wait and see, but gold seems to be telling us a story.

[riggerbeautz] 24/6/2020 17:30

Wan yeah interesting chart lines, anyway the lack of performance in AA and EVG made me bank profit in WEY today, trying to lighten up and a solid 24% gain was enough for me.

[wanobi] 24/6/2020 17:11

many thanx all for your informative, often hilarious posts today :-) Cheers Wan :-)