Pan African Resources Share Discussion Threads

[lovewinshatelosses] 04/11/2022 18:08

Was not expecting that PM run today after the Fed speech the other day, so a pleasant surprise. Not taking anything for granted in this climate though! Good weekend all.

[lovewinshatelosses] 02/11/2022 14:41

If we did not know any better, we might be inclined to think paper price manipulation was in play - but that would be illegal, so I am sure it can simply be put down to paranoia....

[divmad] 02/11/2022 13:24

Yes, what was that sharp mark down first thing this morning all about?

[lovewinshatelosses] 02/11/2022 10:45

Strange share price action here. Did not get a chance to buy any first thing in the 16's but it will be tempting to add a few more if we see it again on no company-specific news. GLA.

[stonedyou] 27/10/2022 14:34

GOLD INVESTING.

VIDEO — Rick Rule: Don't be Fooled by Gold's Pariah Status; Energy Opportunities Ranked.

Charlotte McLeodOct. 26, 2022 02:00PM PST.


"Gold is (only) a pariah for 23 percent of the world's GDP, which is to say Americans," said veteran investor and speculator Rick Rule.

Gold is currently priced at around US$1,665 per ounce, well below its Q1 high point of more than US$2,000. But the yellow metal's performance in non-American currencies tells a different story.

Speaking to the Investing News Network, Rick Rule, proprietor at Rule Investment Media, said gold is in a bull market in every currency in the world except the US dollar, meaning most investors are seeing higher prices.

"Gold is (only) a pariah for 23 percent of the world's GDP, which is to say Americans," he said.

In his view, people in the US should be concerned about factors such as the aggregate national debt, negative real interest rates and the amount of government spending compared to government income.

"(If investors are concerned about these factors), then I think (they) need to be attracted to gold, and they need to be grateful that the price is low enough that it's affordable," Rule explained.

Looking over to energy, he shared his thoughts on the growing crisis in Europe, saying that North Americans should take it seriously, despite having better access to commodities and better energy infrastructure.

"We are truly blessed, but we are still pursuing political policies that are not in our own best interest, and we need to recognize that as there are more people on Earth, and as living standards rise, that we're going to compete with more and more societies — not just Europe — for natural resources," said Rule during the interview.

When asked to rank energy opportunities, he emphasized that it depends on the investor. For example, those interested in speculating should be looking at uranium, while those with less appetite for risk should stick with oil and gas. Meanwhile, those with a "sense of humor for political risk" may want to consider coal.

Watch the interview above for more from Rule on gold and energy. You can also click here to read our recap of the New Orleans Investment Conference and here for our full event playlist on YouTube.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

[stonedyou] 27/10/2022 14:31

FOMC rollover speculation boosts gold.


Summary: Gold trades higher supported by a change in sentiment across bonds and the dollar on speculation that we may approach peak hawkishness from the US Federal Reserve. The idea being supported by the FOMC’s potential willingness to offer time to assess the economic impact of the rapid pace of rate hikes and quantitative tightening already seen. After once again being rejected at the key $1615 support area, gold as a minimum needs to break above $1735 before an end to the month-long downtrend can be called


Gold trades higher supported by a recent change in sentiment across bonds and the dollar on speculation that we may approach peak hawkishness from the US Federal Reserve. The latest recovery that followed another failed attempt to break below key support at $1615, now a double bottom, started on Friday when the now famous “Fed whisperer” Nick Timiraos of the Wall Street Journal penned an article suggesting that the Fed is preparing to downshift in pace of rate hikes by early next year. The idea being the FOMC’s willingness to offer time to assess the economic impact of the rapid pace of rate hikes and quantitative tightening already seen.

The latest boost to gold came in response to a fresh slump in US bond yields and the dollar after economic data on Tuesday showed US home prices tumbling the most since 2009 while US consumer confidence was down by more than expected. Responding to these numbers the euro has returned to parity after breaking a trendline that was rejected several times since being established in February. In addition bond yields have softened across the curve, resulting in the 2-10 year spread still trading inverted at around 40 basis points, thereby signalling an elevated, but still unlikely risk of a recession in the US next year.

[stonedyou] 26/10/2022 09:16

The Fed is on the Brink of Collapse Unless Congress Comes to the Rescue with a Bailout




Oct 25, 2022 The Fed is on the brink of collapse unless Congress bails them out. The central bank is running an operating loss (and is now insolvent) and will need ongoing cash injections from Congress. Wall Street is betting the Fed will have to lower rates, ease regulations, or that the Treasury will come to the rescue with a Treasury buyback plan or the Fed's days could be numbered.

[kickingking] 25/10/2022 15:56

Roadshow link for investors

[lovewinshatelosses] 21/10/2022 19:32

Had HUM on my radar for a while, but gut feeling stopped me from investing over there. Looks like a good judgement call for once! Hopefully the shareholders over there can bring in a BOD worthy of their support. IMO the existing incumbents have let their shareholders down very badly.

[cinoib] 21/10/2022 17:14

Hope no one here is invested in Hum as they are well down the pan today. with 20% drop in production and 25% rise in aisc to over $2000 an ounce. Not worth getting out the ground at that price, The whole bloody bod need the sack and the c.e.o. in particular. Pleased I sold out a year ago.

[af004] 18/10/2022 18:39

Interesting to see offer for Shanta.

[stonedyou] 18/10/2022 09:43

For there are many official admissions of gold market rigging.

These include statements by four former chairmen of the U.S. Federal Reserve Board (Alan Greenspan, Paul Volcker, Arthur Burns, and William McChesney Martin); the minutes of the Federal Open Market Committee; declassified U.S. Central Intelligence Agency and State Department memoranda, including one that cites the necessity for the U.S. government to remain "the masters of gold" --





-- statements by central bankers from other countries, including three officials of the Bank for International Settlements; and documents from the BIS and International Monetary Fund.

For example:

-- In testimony to Congress in July 1998, Federal Reserve Chairman Alan Greenspan declared that "central banks stand ready to lease gold in increasing quantities should the price rise." Thus Greenspan confirmed that the purpose of gold leasing was not what was usually claimed -- to earn central banks a little money on their supposedly dead asset in their vaults -- but rather to suppress the monetary metal's price:



-- At GATA's prodding in January 2012 former Federal Reserve Chairman Paul Volcker admitted to a financial journalist that central banks need to suppress the gold price to stabilize exchange rates at what he called a "critical point":



Volcker already had written in his memoirs that in 1973 as a U.S. Treasury Department official he advocated gold price suppression:





-- In 2009 a remarkable 16-page memorandum was discovered in the archive of the late Federal Reserve Chairman William McChesney Martin. The memorandum is dated April 5, 1961, and is titled "U.S. Foreign Exchange Operations: Needs and Methods." The memo is a detailed plan of surreptitious intervention by the U.S. government to rig the currency and gold markets to support the U.S. dollar and to conceal, obscure, or even falsify U.S. government records and reports so that the rigging might not be discovered. This document remains on the Internet site of the Federal Reserve Bank of St. Louis:

[stonedyou] 18/10/2022 08:11

Most financial journalism and most academic teaching maintain that gold is at best a quaint antique. I'm here to argue that gold not only remains money but may again be the best and most important money -- to argue that, even more than this, gold is in fact the secret knowledge of the financial universe.

Gold already is so important that Western central banks -- particularly the U.S. Treasury and its Exchange Stabilization Fund, the Federal Reserve, and allied central banks -- rig the gold market every day, even hour by hour, to control and usually suppress gold's price.

Why do Western central banks rig the gold market?

It's because gold is a powerful competitive international currency that, if allowed to function in a free market, will determine the value of other currencies, the level of interest rates, and the value of government bonds. Gold's performance is usually the opposite of the performance of government currencies and bonds. Hence central banks fight gold to defend their currencies and bonds.

The problem is that central bank tactics in this fight affect more than gold; they affect markets generally and eventually destroy markets generally. This destruction of markets now has a name, a name used even by former members of the Federal Reserve Board. That name is "financial repression."

[justiceforthemany] 14/10/2022 16:52

Make no mistake this is super cheap at 4x earnings and a yield of >6% and soon to be debt free.
With growth.
Should be double 30p+

[astjgroom] 13/10/2022 15:47

USD causing mayhem

[cinoib] 06/10/2022 13:36

Just had to have a few more at this price after reading the news and seeing gold turn up again. Would like to think we are on the turn now,, but time will tell.