Blackrock World Mining Share Discussion Threads

[dope007] 20/9/2021 12:27

wow this has dropped a fair bit. Getting tempted again

[qvg] 18/9/2021 11:30

donald, maybe, but i am just waiting for it to drop a bith further ...

[donald pond] 18/9/2021 11:28

Aye, and BRWM has gone from briefly being at parity to a 10% discount to NAV. Probably a good entry point, with income piling up there should be a whopping divi at year end

[masurenguy] 18/9/2021 10:44

"The price of iron ore has more than halved since it peaked in May, dropping below $100 a tonne, and in China, the world’s biggest steelmaker, steel output volumes fell to a 17-month low last month." The Times: 18 September

[masurenguy] 26/8/2021 08:31

Goes XD today. "the Board announced a second quarterly dividend of 5.50p per share, paid on 24 September 2021 to shareholders on the register on 27 August 2021, the ex-dividend date being 26 August 2021."

[arja] 29/7/2021 16:08

mygod ,trading at a small premium to NAV which never used to be the case . Nice looking chart but that premium makes me hesitate to buy !

[xtrmntr] 29/6/2021 21:16

One of the diversified ways to capture the upside in the rise of the commodities sector as a whole could be through FTSE 250 investment trust BlackRock World Mining Trust (BRWM).On paper, the £1.2 billion trust's one-year return of 78.9% return looks incredible, though it's worth remembering that this came after the market sell-off in March 2020 and the subsequent bounce back after the value and commodities rally in November.Nonetheless the trust still has a strong track record with a three-year annualized return of 21.5% and a five-year annualized return of 27.4%, making its 0.99% annual fee look decent value. It also pays a quarterly dividend with a 3.3% yield, and the managers see further upside on the income front given soaring iron ore prices, with miners likely to return surplus cash from the iron ore boom back to shareholders in the form of share buybacks and higher dividends.Analysts at Numis call the trust 'a good way to gain diversified exposure to the mining sector', which they say can be 'highly volatile on a stock-specific basis.'It does admittedly have a 21% weighting to copper, though its exposure to iron ore – another primed for a pullback – is much lower at 5%, while its 19% allocation to gold should provide protection in the event of a correction in copper.While copper and gold technically speaking have no fundamental relationship, copper is a bellwether metal for the global economy while gold is a safe-haven asset and an inflation hedge, so when one goes down the other has typically gone up.

[1318myl] 23/6/2021 18:19

Brwm have 20% copa, copa is up needed for many applications ranging from electrical to electric vehicles. 4% in Glencore, if you look at glen share price is also moving up. Hence, commodities are turning the corner. The big question how long is the wave, that would be anyone's guess.

[1318myl] 23/6/2021 18:13

British bull issued a buy recommendation yesterday. So it is a buy, all future metal commodity indications are up, macd stochastic, rsi are turning indicated to buy.Good luck all

[vas007] 23/6/2021 11:16

Hi just drop back now what's going on with commodities ?

[1318myl] 23/6/2021 10:12

Above 600 at last the wave is turning back strong rsi this or morning I can see commodity returning hopefully medium term will be back to 635 end of the weekGood luck all

[masurenguy] 21/6/2021 12:45

Currently 2.5% below NAV !

[madengland_] 21/6/2021 11:22

I think a return to a 10% ish discount to nav is my signal the froth has gone. Heading the right way at present

[farnesbarnes] 16/6/2021 12:54

Relax. Look where it's bounced. Previous resistance. Nil desperandum. The inflation trade is common knowledge. The fact that it will be forgotten as common knowledge in 15 minutes is not common knowledge.

[masurenguy] 16/6/2021 12:47

NAV has dropped by 3%, or nearly 20p, over the past 7 days !

[chc15] 16/6/2021 12:42

Taking a dive here, should have sold out!

[plasybryn] 30/5/2021 10:49

Follow up article:Basel III, Gold, The Dollar And The Great Reset By Andrew LaneCommoditiesMar 15, 2021 06:16AM E  Andrew Lane Basel III as outlined in my previous two articles, could lead to a dramatic change in gold prices with a serious fall out in other market sectors. With June 28 2021 approaching where the new NSFR standards become implemented, we look at how the dollar will react, and whether the Basel III implementation is a front for a much bigger macro event.   The most important characteristic of Basel III, the NSFR implemented by the BIS commences on the June 28 2021. The LBMA – who have tried and successfully pushed back for years – have been granted an extension to this (again) however this will likely not matter one iota as banks and countries for that matter are already signing up to compliance. Therefore while an extension has been granted to the LBMA, with the rest of the 63 countries acquiescent, it is hardly an allowance of exemption of the rules.   When considering the fallout this could have, at this juncture there are some analysts that believe this could be the end of the dollar (many still believe the dollar to be on its knees by the end of 2021 regardless of Basel III) and some that still cling on to its stature as the world’s reserve currency and it won’t be allowed to fail. Gold is money, and there’s an argument to say it’s a currency as its value is traded against the US dollar. If you buy gold you are effectively shorting the dollar or betting its value will decrease. Whilst there is obviously more to it than that, fiat currency has and continues to lose purchasing power over the years. Gold has always been a hedge or security against dollar debasing and inflation.   So how will this affect the dollar? Well there is a very interesting situation bubbling away and this comes from China. It is widely known that since the Basel III rules were announced the Chinese have been stockpiling gold. They also mine it so it is impossible to know exactly how much they have but many estimates claim around 20,000 Tonnes – way more than is currently declared. If this is true, it well and truly trumps the USA’s stockpile. China has been trialling their new digital currency and it would make sense that this could be a pretext for a digital or cryptocurrency Gold backed format that will launch to rival or replace the dollar. It is no secret China wants their currency as the world’s reserve and in 2016 the IMF added the Yuan to The Special Drawing Rights basket. (although it sits with others and nothing has happened since) Notwithstanding this, the digital Yuan is ground breaking and could be unleashed as a gold backed currency. At the very least, the Chinese still see gold holdings as sine qua non. Perhaps their gold amassed1§ figure will be disclosed when Basel III is implemented as they see an opportunity to power in before others do.   Putting to one side the rumoured stockpile, China is less and less reliant upon the dollar now, and they are very well placed should it fail. However they aren’t the only big economy that is loosening ties. In the last decade Russia has dumped the dollar and quadrupled its gold holdings with Putin stating Russia is now not reliant on the US currency whatsoever. It is even rumoured there is an alliance between China and Russia on destroying the dollar. If the dollar was to fail and if the last year is anything to go by, the remainder of 2021 could see an explosion in commodity prices. History has taught us that financial systems move in cycles, and the dollar could be in its final stages.   So returning to the upcoming event, back in 2018 the World Gold Council stated that central banks, in response to the Basel III rule changes added 651 Tonnes of Gold to their reserves in 2018. This was a 50-year record. Bear in mind at the time Basel iii rules were scheduled to commence the next year. Before the Basel iii NSFR rules, banks holding Gold was costly and not particularly worthwhile as a Tier 3 asset. Now a Tier 1 asset, Gold is attractive to hold because it can and will be used as security to back lending, and potentially offset debt. Currently and for years the Tier 1 assets have consisted of Treasury Bonds and cash. Fiat as mentioned above loses purchasing power over time and Treasury Bonds come with other problems. Gold however carries no counterparty risk.   We know how manipulated futures markets are when paper trading accounts for more than 95% of market moves in gold. So what happens when paper gold isn’t traded anymore? After Basel III derivatives will still exist in the form of ETFs and such like, but it will push a physical market. The naked shorts have to unwind soon, and the price action over the last week is starting show signs of this. It may well push the end of derivatives as it could prove too costly with the new haircut imposed. So if central banks are full to the rafters with physical gold, countries stockpiling and the world reserve currency plummeting, are we heading towards a Gold backed standard again? Is the great monetary reset hidden behind Basel III? Let’s consider this possibility further.   Debt levels are the highest they have ever been and there is no strategy to suggest that this is going to turn around any time soon. In the US the Fed is printing $120bn a month consisting of $80bn in Treasury debt and $40bn in mortgage backed securities. I don’t think anyone believes the narrative that we are out the other end of this Covid collapse. The world GDP over the last year during lockdowns has tumbled and the jobs lost aren’t reappearing overnight. Economists are predicting anything from 2 to a whopping 30 years before we see pre Covid levels of output again. Whilst figures will suggest at the end of Q3 we have rebounded, we are nowhere near where we would be if Covid didn’t occur. The world has gone backwards, it has cost a fortune to hold together and someone has to pick up the bill for it all. There’s 180,000 small businesses in the US alone that aren’t reopening and have collapsed. At the current levels of treasury yields the US can’t pay back the interest on their loans let alone the actual debt. (Can a country be classed as insolvent?) How can that continue? So has there been a bigger plan brewing in the background for years here that we aren’t being told about? Is Basel iii going to be the answer?   The G20 leaders have been pushing this “Great Reset” agenda for some time. Biden even quoted the authors of the Great Reset with his “Build Back Better” motto. Kristalina Georgieva, MD of the IMF in Washington, even called for a Bretton Woods moment in Q4 of 2020. It would make sense wouldn’t it. Small banks that can’t afford to stack Gold close down leaving the cartel of the big boys to set a minimum Gold price. The higher the price of gold, the less debt the banks have. It’s like monetary magic policy. It’s so brazen you can see it happening.   By the time Basel IV rules kick in (January 2023) gold could have had its second revaluation event. So can you imagine a minimum price of gold, not just once, but twice? Some gold analysts have been touting this scenario for a while now. Why wouldn’t the price of Gold be used to offset debt the banks have? What other options are there? The debt clock in the US currently stands at $28 trillion, and this is not inclusive of the recently signed off Biden $1.9 trillion stimulus. This debt increases by $1 million dollars every 23 seconds. Money printing creates more available money and therefore leads to a weaker dollar. Basel III will lead to less Gold being available to trade creating a very tight supply/demand ratio.   According to almost all reports on net trading figures, less than 1% of traders across the world hold gold in their portfolios. What could the price of gold get to, when paper disappears and this figure jumps to even 3% of physical, let alone higher? It feels like we are on the precipice of huge change here. The banking system is broken and needs a huge overhaul, and this could be it. This Keynesian approach just isn’t working.     Crazy numbers have been thrown around on what gold prices could rise to, and I’ll leave you to form your own opinion on what big industry analysts are predicting. However if we were to remove all the “could” out of the noise around Basel III, one key fact is clear: The NSFR will considerably reduce, if not completely eliminate naked shorting of paper gold by the big banks. They have to have a provable 1:1 ratio of physical gold which will be audited to trade or use it. Paper gold and derivatives will become incredibly expensive and will be traded far, far less. This alone will lead to price discovery, a fair price for Gold. What that price is we will find out on the June 28 2021 and beyond. If the dollar does collapse then we could be talking numbers beyond our wildest dreams. No wonder many big name precious metal analysts are calling this the most significant event of their careers.

[johnrxx99] 30/5/2021 08:50

They are too busy either looking for a job or preying to Mammon

[plasybryn] 30/5/2021 07:21

Thanks jonwig. Good article, but doesn't mention the pre implementation audit. Wonder why there has been so little coverage of Basel 111 given it is potentially a very important milestone in the history of gold.

[jonwig] 30/5/2021 06:37

Plasbryn - very interesting thanks. The chap here thinks this is a very big deal for gold; https://www.investing.com/analysis/basel-iii-could-be-golds-best-friend-200562335

[plasybryn] 29/5/2021 10:56

My tweet today:-Basel 111 comes in end of June for Euro. banks, I believe . They will have their gold holdings audited prior to implementation date. If they have shortfalls (heaven forbid) they will no doubt need to buy gold. The U.K. goes live 6 months later to give our Banks time to prepare!

[chc15] 27/5/2021 09:05

Up after going ex div, unusual. Has this gone up enough, or further to go?

[davebowler] 25/5/2021 11:22

hTTps://www.seedrs.com/glint?utm_source=mailchimp&utm_medium=email&utm_campaign=glint_solus&utm_content=250521&mc_cid=81713763d4&mc_eid=3393ee80e1