Highland Gold Mining Ld Share Discussion Threads

[srpactive] 30/7/2020 11:59

c47

Well not sure about that, just out of interest do you own
other Russian companies?

[loganair] 30/7/2020 11:59

Morgan Stanley Chief Global Strategist:

Biggest winner from Covid will be Germany as they save in the good times to spend in a crisis and are well and efficiently governed.

Taiwan will be second biggest winner as have some of the best tech companies and highest spend on R&D.

Then comes Russia which has become more self-reliant as Putin has been preparing Russia for deglobalisation.

Followed by Vietnam as it is a promising emerging exporting power house.

China will be a little worse off and of all the major world economies the U.S.A. will come off by far the worse.

Gold will continue to rise much higher due to currency debasing.

The USD index expected to continue to fall from the current 93 to 88 which is the USD Index major support line. Many analysts are expecting the USD to fall below 88 to the mid 70's.

[casual47] 30/7/2020 11:55

SRP, far better folks out there, e.g. check out Chip's thread on epic CHIP. Being opinionated on a BB doesn't mean being clever or lucky in investing. "WTFDIK".

[srpactive] 30/7/2020 11:42

c47

You are obviously a very clever gentleman or lady, that supports
the US ( which is fine with me ) and invests most of your money
in Russia ( similar to me ).

Which Russian companies do you have long positions in, was thinking of
Evraz, if you do not mind me asking?

tia

active

[casual47] 30/7/2020 11:30

I also expect gold to strengthen alongside USD because of the havoc created by Covid and, perversely, the strengthening USD (double whammy for developing world).

[casual47] 30/7/2020 11:28

Lots of similar data likely to come out over the next few days.

I still maintain that when all is said and done, that ROW will suffer much more than US and also will be less able to recover as quickly as US. If true it would follow that we should see a strengthening USD for the next few years.

[casual47] 30/7/2020 11:04

"German GDP plunge in Q2 wipes out economic growth of nearly 10 years in adjusted terms"

[casual47] 30/7/2020 10:30

If the US were to decide to stop giving swap lines to Europe then the EURO and Eurozone would be bust in seconds.

[casual47] 30/7/2020 10:23

Loganair, you have no idea where the stick is. All you see is "US is bad, m'ok?"



"But the Chinese currency’s international use remains very low because the yuan is not seen as a safe haven investment alternative to the US dollar and is far less liquid. Beijing continues to impose draconian capital controls on its citizens that restrict them from taking money out of the country, while the yuan’s exchange rate remains mostly non-convertible.

This means it is difficult to see an end to US dollar dominance underpinning global financing conditions in the absence of a more rapid progress of yuan internationalisation, said Charles Dumas, chief economist at TS Lombard.

China is starting to realise how heavy and transformative the burden of a true reserve currency status is

“China may dislike dollar hegemony, but it is not prepared to allow the liberalisation of capital flows needed for the yuan to achieve true reserve currency status,” Dumas said.

The yuan’s share of global transactions was only 2.1 per cent in February. In contrast, the share of transactions was 41.5 per cent for the US dollar and 32.6 per cent for the euro, according to data from bank messaging network SWIFT.

The coronavirus pandemic underscores the addiction of global firms to US dollar liquidity, cementing the US’ status as the world’s preferred lender, Rabobank’s Every said.

“China is starting to realise how heavy and transformative the burden of a true reserve currency status is,” Every said. “To replace the US dollar, you need to act like the US, and that implies not having control of one’s exchange rate.”

[rpt_regal_petroleum_buy_now] 30/7/2020 10:21

Buy JKX - best buy at the moment in O+G sector.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[loganair] 30/7/2020 10:20

c47 you seemingly tend to get the wrong end of the stick with many of my posts.

Russia is one of the largest energy exporters in the world and energy exporting is done in the USD.

Russia exporting its energy in other currencies other then the USD, dose not matter the reason why = less USD's are needed = continuing fall in the USD index = continuing rise in the price of gold.

[casual47] 30/7/2020 10:14

Might be good to wait and see what e.g. $DXY does in the next few days before placing bets one way or the other. Could go either way.

[fizzypop] 30/7/2020 10:09

Topped up with 3000sh @ £2.94 as it seems the fall due to profit taking has now bottomed. But knowing my luck ...

[casual47] 30/7/2020 10:07

That's completely misunderstanding what is going on.

The reason they are trying to move away from the USD is because they have no choice.

The Fed is no longer extending swap lines to them and it's killing them.

[loganair] 30/7/2020 10:03

After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.

According to Moscow, the share has dropped to 46%, tumbling from 75% in 2018. The 54% of non-dollar trade is made up of Chinese yuan (17%), the euro (30%), and the Russian ruble (7%).

In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing "its policy aimed at gradual de-dollarization" and is looking to make deals in local currencies, where possible.

Movement away from the dollar can also be seen in Russia's trade with other parts of the world, such as the European Union. Since 2016, trade between Moscow and the bloc has been mainly in Euros, with its current share sitting at 46 percent.

[casual47] 29/7/2020 12:30

Longer term fundamentals for gold look great.

However, short term I expect a major market sell off which will, temporarily, take gold down with it.

It may happen quite soon. What's happening in mainland Europe with Covid right now is worrying.

Today's Fed meeting could mark either a bottom for the dollar or push it into freefall.

[loganair] 29/7/2020 11:50

How much further will gold go? $2,250, $2,460 – or beyond?

The gold bull market has really taken off – and it's only just begun. Dominic Frisby explains what's behind its big rise, and asks how much further it has to go.

[srpactive] 29/7/2020 09:44

We must remember we moved down from 275p to 220p
for no reason as the gold price was rising, so
any move is really from 275p, so should be 350p
by now, so the move needs to get a shake on.

[geckotheglorious] 29/7/2020 09:15

Luverly jubbly...

:)

[srpactive] 29/7/2020 09:12

c47

I accept companies change, but the chartists use it for targets
and resistance levels.

We just need a US / Canadian investor appearing on the major shareholder
list and we could be rocking to 760p or even higher.

dyor

[casual47] 29/7/2020 09:08

Charting going back 14 years is nonsense, nobody does it.

[return_of_the_apeman] 29/7/2020 09:06

Re post 16989

If a handle forms at 3.30 then the cup and handle formed from 2006 targets £7.60 (that is not a typo)

We shall see

[kennyp52] 29/7/2020 08:45

Comforting 300p ... very nice . Dividend paying . Quality share in unsure times .