Cqs Natural Resources Gr... Share Discussion Threads

[washbrook] 02/11/2009 09:41

Noticed the warrants are 50p bid 150p offer.
No announcement from the managers yet-re exercising them-expect one today.

[washbrook] 02/11/2009 07:31

Bonnard.
Going on holiday over the years the markets have moved against me, it has happened on many occasions,of four times it has happened I have been on the wrong side.I have on those 4 occasions closed my positions.
But this time I did not feel that I should do anything.
Gold in the next couple of years is going much higher.
Alas we have worrying times ahead.
I have been trying to get hold of a book''The Coming Deflation'' by C.V.Myners.It was published in 1976.
But the reason why I wanted the book was in that period certain individuals wanted to audit the US central bank.
Alas they failed.Now a congressman is again trying to have the it audited.
On the first page-FORWARD.
'' Less talked is the era of the gold standard, where for nearly 200 years the British pound was absolutely as good as gold and could be freely exchanged for gold by anyone at any time.
the real gold stood behind the pound.
It was the era of the greatest monetary stability and progress in the history of the world to that time.''
Then the US reserve bank formed 1913-WW one(1914-18)German hyperinflation.WW2
etc etc.

[washbrook] 02/11/2009 06:57

-----------------------------
At 6.30am Aussie/Nikkei/China/HK down Monday.
£ steady versus gold-$ and yen weaken and Aussie & Canadian $ stronger.

[etarip] 01/11/2009 16:43

30.10.09
sp=160.75
NAV=? .... mining stocks down what percent between 28.10.09 and 30.10.09?
NAV discount=?

TSX:CMW down 2.7% and NYSE:XLB down 3.6% on Friday.

[washbrook] 01/11/2009 15:41

The latest NAV discount is 20.64%
28.10.09
sp=161.25p
NAV=202.64
-------------

[bonnard] 26/10/2009 08:29

Washbrook,

I am a happy holder of CYN and am thinking of buying more. But the price is now quite close to its all time max and it never broke through that. So we have had the recovery. Can you see CYN breaking higher?

Thanks, Bon

[terry toons] 25/10/2009 14:08

I do actually tend to agree with you, except off the top of my head, I don't remember many ITs giving up and returning total asset values to investors, although I could be wrong. EUT finished and I remember losing some money on it.
Still, no half %, no 2-3% spreads, at the lowest end and TERs of 2%, put against dividends, still do not make them generally that good a bet.
The other thing is the numbers one can deal in, ie ITs tend to have smaller selling limits and volumes than ETFs. I've been caught out a few times with that and it mitigates against ITs, in my opinion.

With regard to Price to NAV ratios, it used to be that prices tended to be greater than NAVs, no doubt reflecting that we were in a bull market. However it is only in the last 4 years that things have about turned.

I did have soft spots for CYN, JII, JRS etc but have now decided to broaden my horizons to include ETFs

[washbrook] 23/10/2009 14:57

terry tunes
Investment Trusts are backed have real assets and many are on a net asset value discount.
You are buying thus at a discount.
What about dividends on ETF'S?
What are the ETF's backed up with,
Google that in you may be suprised in your research.

Maybe I'am old fashioned.

.

Latest NAV for CYN 21.10.09=217.4-sp =187.5-13.8% discount
16.10.09=218.36sp 190.25-12.87% discount.

[terry toons] 23/10/2009 11:03

Sorry for the post on GOLD as I had not looked at this site for a while. I tend to not trade ITs because I discovered there was a near perfect correlation between IT values and ETFs, so it was much easier to trade ETF as the spreads were so much lower.
But at the moment I'm nearly all in gold and China as I don't really feel that anywhere else is that safe.

[washbrook] 22/10/2009 08:29

0.62p DIVIDEND paid 27.11.09
xd 28.10.09
( First Dividend-increase of 12.7% from last year )

[washbrook] 21/10/2009 12:01

I have been looking at the US debt clock - $11958621 million
All the world Gold that as ever been mined =$5531264 million( $1054 )
That is only US DEBT.
Makes you wonder.

[washbrook] 21/10/2009 08:11

On 5th March 2009 the US $ index was 89.11 it had risen from 75.24 from October 20th 2008, why was that my view it was the cenral banks around the world propping it up.Since March 5th 2009 when the World stock markets had fallen off a cliff it has steadily unwound and is now back to October 2008 lows this morning it has somewhat recovered from yesterday's 52 week low just over the 75.0 level.
Now at 7.50am it is 75.44 and is still in a down trend,that is 15.34% down from 5th March 2009.A note - From 5.3.09 to 20.10.09,the Ftse All Share Index up 50.4% and the S&P 500 up 59.85%? (I was rather suprised when I checked the figures)
Will the central banks try to send the $ up again & the same thing happen I am only a little guy a one man band I doubt it.
I feel that the dollar wasn't the reserve currency it would have collapsed by now.

[washbrook] 20/10/2009 22:53

UPDATES of NCIM discounts-GOLD INDEX

[washbrook] 20/10/2009 21:43

jonny .
My wife & I am going away on Sunday for 6 days to Bournemouth.
I cannot go far has I have a illness prob.
I will post if any developements and actions from TDW.
Have a nice time.

[jonnyboy1] 20/10/2009 20:59

hi washbrook, i have spoken to richard before and he was very helpful and i do know he holds some warrants so its good to hear your message. I am off on hols for a month and whilst i plan to log in from time to time i thought i would sort it out up front.

[washbrook] 20/10/2009 16:58

johnny
Phoned NCIM managers just after I saw your post.
The manager I had a chat with and he was a lovely man,I told him what stocks I had in my portfolio.
With regards to the warrants he said there would be an announcement in about 3 or 4 weeks and the brokers would be informed & they would pass on the information to the warrant holders.
He said if I had any difficulty from the broker just phone him and he would sort it out.
Hope that helps.
I am glad I phoned I found his chat very helpful with regards to NCIM.

[jonnyboy1] 20/10/2009 16:26

i phoned TDW to exercise my warrants today, i must say that they did'nt inpsire me with confidence as they said ok just check back in a month and you should have the shares. hmmm

[washbrook] 20/10/2009 11:36

Jim Sinclair, gold guru, is offering a 1 million dollar bet that gold will reach $1,650 by the first month of 2011.

[washbrook] 20/10/2009 05:14

At 5.05am Gold is strong against all currencies
Yen gold near it's year high see table
THE $ index is on a 12 month low today at 75.229 having touched 71.11

[washbrook] 19/10/2009 21:40

GILTS are not doing well this year ,and 9 fallers over 10% 1 riser over 10%, that being 1.875% I/L 2022

[washbrook] 19/10/2009 12:50

UPDATED Currencies in gold
with City Natural Resources-CYN
Golden Precious Metals-GPM
there was a glitch in the previous document.

[washbrook] 18/10/2009 14:35

I was looking at Washbrook's £14000 benefit and for years, no cricketer got anywhere near it.
How much gold could you buy with it?
The Pound Sterling was $4 to the pound( it was later devalued against the $ to $2.80 against the pound 18.8.1949.
Gold was $42 per ouce, therefore £ gold was £10.50 which is 1333.33 ounces of gold=£858,400.
In theManchester area say Sale were Washbrook lived you could buy a fine detached house for £2000-the average house price in the Uk in 1948 was£1700.
therefore you could buy 7 houses.
The area were he lived the average detached house is between £850k to £1.2m
Take a lower figure say £700k that would give a value of £4.9 million.
A match at Old Trafford to watch MU v Bolton cost 2/- =10p a similar ticket is now £34 that equates to £4.76m.
In 1948 half a pound a scotch sirloin steak cost 8.75p-that computes to price at £8 toay (bargain price)to £1.28m
AT THESE gold is undervalued.
In 1981 gold got as high as $850 the ADEN SISTERS were in vogue the(they are still forecasting)
Since January 1981 the £ in your pocket is only worth only 45p therefore if it was to reach it's true all time in $ GOLD it would have to go to $1886.