Anglo Asian Mining Share Discussion Threads

[bumpa33] 28/2/2021 14:52

I’d been wondering awhile whether Cathie could end up mimicking Neil Woodford’s rise ‘n fall, albeit on a completely different level.

[fozzie] 28/2/2021 14:12

Arb, Txp and Xtr for me please Odsjp.

[someuwin] 28/2/2021 13:57

Thanks for the replies re: royal mint.

[gutterhead] 28/2/2021 13:28

May 2018?
Think your timing is out

[qazwsxedc69] 28/2/2021 13:17

XTR and ECR for me please this week

[indyanna] 28/2/2021 13:16

Odsjp this week I'll split between AVCT and EUA where I think there will be news soon (just a gut feeling nothing more)

[onedayrodders] 28/2/2021 13:13

odjsp

ECR & TXP please

I think its gonna be a tough week for big gains with the spiraling TSY yields causing serious wobbles over the pond which always impacts everywhere.

Thanks
ODR

[onedayrodders] 28/2/2021 13:09

Crikey, the nonsense is reaching fever pitch now ... not content with linking Gold with BitCON and then trashing Gold, now they want to slur Gold as a similar investment as Banks !!

pogue27 Feb '21 - 16:23 - 31903 of 31924
0 2 0
Here's an article for those that worry about the environment and how bitcoin miners burn so much energy, looking at the table gold miners are way out in front on that score and global banking is in a league of their own in the money stakes. People should not buy gold miners or indulge in putting money in banks is the lesson here bitcoin is far more efficient.


END

All that electricity produces nothing with BitCON ! it's a digital token made of fresh air totally reliant in faith that someone will pay more than you did.

It's not the cost to produce that's the problem its the end product or should I say the nothing product !

seriously ..the comparisons were already ridiculous, this is another level of layering and attempt at credibility

[kangaman] 28/2/2021 13:03

Just a thought, and don't want to add to the work load, but a "share of the week" would make interesting reading based on the consensus of all the contributers :-)

[king suarez] 28/2/2021 12:59

May I have all on TXP pls..

Thanks

[ianguerin] 28/2/2021 12:10

Get your cheap bread from supermarkets during the early evenings, mid-week, particularly at Morrisons & Asda - e.g. Warburtons seeded batch, previously 120p but now up to 140p-ish, reduced to less than 30p & as low as 5p recently. Pack of 5 raspberry/strawberry/custard doughnuts for 5p.

In comparison, I bought some AAZ shares for 4.875p in May 2018, & still hold them

[meathed] 28/2/2021 11:30

UK food price inflation is largely Brexit-caused, so not really relevant to the price of international commodities like yer gold.

[11_percent] 28/2/2021 11:28

@ odsjp,

Can i have:

TXP - well test results due, if not this week, soon.

CAML - copper continues to rise, and with the share being scammed, it is down generally, and on friday in particular. The scammers will ramp it up again at some point.

PTAL - previous problems, due to low oil price, now sorted. It should also go up with the oil price, which I hope will increase.


Cheers.

[jeanesy] 28/2/2021 11:22

A loaf of bread went up from 90p to 110p this week for me. Perhaps it is the supermarkets trying to claw back some profit. My normal shop is definitely costing more. Another example was my margarine going from 100p to 185 ! I think some of it was priced lower due to discounting though in the first instance. Bread for example was 100p before the discounting over several weeks but now 110p.

Bills are also increasing far more than inflation. Poll tax up 2% , water bill up 3.8%, broadband also increasing next month by another £3.50 a month for example. Balance this in with interest rates on savings being reduced , in one case to 0.01 % . We are heading for a very interesting budget this week. I daren't look to be honest. POG should be rising soon you would think but who thought we would be where we are now a few months ago... not me that is for certain !

[11_percent] 28/2/2021 11:18

Any good reason why you shouldn't buy gold / silver coins from The Royal Mint?

=====

Have used them in the past and did not have a problem.

You will need to pay 20% VAT.

SILVER
There is a site Silver to go, where the silver coins come from Germany. You did not have to pay VAT in the past. However, since BREXIT, it seems the parcels are being stoped by Customs and VAT is being charged. Dont know if this will happen every time, or I was unlucky and it was a random check. It has happened to others, so I think it is now a policy.

Its a good site and, even with VAT added, it is competitively priced.





The other site is: Mad 4silver.



Again, you do not pay VAT. This is run by "snurkel1" who posts on the ADVFN "Realy useful silver thread".

The problem here is that they can only have a turnover to a certain limit in a financial year. They have reached that limit and will open again in April.

I totally agree with Riggerbeautz about coins like the 3 graces. I have bought some Queens Beasts in the past and made a good few quid on them.

These "collectors" coins have value in the bullion and also the "collecable" value.

Personally, I stear clear of Proof Coins.

[donald pond] 28/2/2021 11:01

Fwiw Hedgeye are bullish on BTC on the basis that it is a commodity while they are bearish on gold as it is a currency. Go figure, though they've called it right so far

[mattjos] 28/2/2021 11:00

It's inevitable we will see inflation reported around now ... it's reported YonY & look at where the global economy was this time last year - it was sliding down into one of the biggest economic contractions ever experienced.We could see some huge inflation figures reported from March through December this year ... & these figures could cause some big gyrations in the Bond market as people try to determine whether this inflation will prove sticky or not & seek some protection on a 'just in case' basis.I expect the FED is going to step in to try and suppress this by using more QE, just as Australia did this week. These Central Banks will & do speak with each other.They absolutely cannot allow the Bond market to get away from them this year else the necessary corrective actions (higher rates) will kill any economic recovery.

[brasso3] 28/2/2021 09:43

For this weeks competition I will take the following:-

XTR - Maybe assay results this week for the first well.
FRES - Looks oversold with the drop in gold/ silver.
PPC - I have a feeling the 2p support level will hold and it will bounce to 2.5p.

[tonyhancock] 28/2/2021 09:40

Morning odsjp

For next week can I split my entries between Avacta (AVCT) and Omega (ODX) (dropping ARB)

Thank You

[brasso3] 28/2/2021 09:39

BTC will be at $70k before gold is at $2k.

[scepticalinvestor] 28/2/2021 09:32

BTC crashing - will almost certainly be back to the 20k region soonPM is really the only hedge imo

[saint in exile] 28/2/2021 09:07

I have and it was fine.

[laurence llewelyn binliner] 28/2/2021 07:33

#3Sporrons, real life inflation is out there with increasing evidence now is it not, petrol/diesel, basic groceries, and as that is about all we have been buying in the last 12 months, and mostly the same weekly trolley so people notice.. :o), regardless of what the RPI/CPI basket index tells us to the contrary...

Some consideration for the 7% property inflation and offset by the best yielding 0.1% savings account on offer and there is your real life inflation number, and it must be somewhere in between 5-10% in 2020....?

Largely driven by fuel costs to move machinery to make/move anything and everything, and wages inflation for the staff to sell it all...

The 10 year note yield rising rising so dramatically in Feb is down to expectations of inflation and evidence that the same will start to emerge in Gov data, and soon judging by the rapid rise..

The FED has said it is happy to see 2-3% but expects it to overshoot before stabilising, and that will not happen unless interest rates go up.., which they can not (currently)..

Near term outlook for POG continues to look weak based on the current rising DXY driver and potential for ZIRP to go +ve, but much better on an inflation outlook..?

The next round of helicopter money passed the house, but the stumbling block will be doubling the minimum wage from USD 7.5-15 per hour bill, and guess what impact that will have on goods/prices if it passes the senate..., and who picks up the tab for that..!

A very interesting move in the DXY on Friday undermining POG for us, but with such low costs we are well insulated, unlike some higher AISC producers..

[2sporrans] 27/2/2021 22:36

Thinking of food prices, how much is determined by the cost of energy and fuel in particular?
For the great majority of foodstuffs, a lot of it.

For a very long time, I've pondered that most of their prices are built up of energy firstmost and profit margins vying for second place along with costs of facilities/vehicles/labour; where applicable taxes [incld. tariffs] in 3rd place.

In the ultimate analysis, energy is a substantial component cost of anything that has been manufactured or operates.
like not only the fuel costs of running farm machinery but the cost of making it; ditto fertilisers, pesticides, storage facilities, processing plant, packaging, refrig. transit vehicles, retail facilities etc etc.


Reading Jeanesy's post about the price of a loaf, is the recent rise and that in the price of petrol/diesel at the pump associated?
Well, thought it about time i made a cursory search to discover the constituent costs of a loaf of bread and came up with:

hxxps://ahdb.org.uk/news/do-wheat-prices-matter-for-bread

The advice being that the wheat cost in a 'standard' British loaf is around 11%.
[The wheat cost will itself include fuel for all the farming inputs + maybe getting the grain to market too.]

"So it’s slightly surprising, and against logical thought [I disagree; seems perfectly rational to me - TS], that the price of wheat does not translate directly and proportionately to the price of bread.

Wheat prices have a much more direct and pronounced impact on flour, but the subsequent bakery production processes, ingredients, packaging, marketing and transportation mean that wheat isn’t directly related to the price of bread. We estimate that the value of wheat in an 800 gram loaf of bread stands at only 11%."

Although the article doesn't cough up cost figures or %s for energy or its fuel sub-component, the list of important stages in transformation from flour to loaf are all
highly energy intensive with the exception of marketing.
How much of the 'ex-wheat' cost of 89% of the loaf is down to energy?
In the ultimate analysis, the decided majority of it methinks.

Energy costs have obviously soared, if one goes with a simplistic YoY comparison.
They will clearly will step up a good notch further when compare March 2021 v 2020.
All that says to me is that along the supply chain, plenty of margin was made over that past year, albeit tapering as the year wore on.
Not as if the price of a loaf fell at the shops over the past year; it was pretty constant through 2020.
As that extra margin has now thinned out, back to about what it was pre Covid, are those in the supply chain trying to hold on to a % of it, hence the 22% rise noted by Jeanesy?
Maybe something new has slinked in, like an increased Green tax on fuel and I've not noticed it?
Can't see that Covid nor Brexit will have impacted much upon this particular supply chain.
Having said, I've yet to experience the same; loaves priced pretty much what they were over past several months.

[someuwin] 27/2/2021 22:20

Any good reason why you shouldn't buy gold / silver coins from The Royal Mint?