Trading the stockmarket (NO Referrals)
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Good because it seems nobody else really does. I wasnt invested at half penny so its hard now not to see it as broken down.
Why does it take so long, mining gold cant be that hard right
It's really annoying as the JORC update came out recently which confirmed the ~1m oz at 6.4g/t in La India. Clearly Condor are on target for Mark Childs 2m target before selling, but he's stated previously that they won't concentrate on the share price until quarter 3 this year. I expect we'll get more movement then, but if you want to put your money elsewhere in the meantime then fair play. I won't be selling this at a loss though so I'm going to sit it out and revisit end of q1 next year.
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The markets have been on a downward trend. My thinking is that Orogen Gold can not match the share price, or market value of Condor Resources. It is possible there could be more dilution to come. I am aware they are fully funded for phase I but will need more funds later.
Mark Childs has done an excellent job, respectively the management at CNR have a strategy in place. ORE have yet to demonstrate anything, they have not been clear on what is happening if they have its been too vague. Don't get me wrong the price could go up on hype alone. I just feel the management need to promote the story. They could be choosing to delay things for good reason, we don't know. I hold both and would like to see some action preferably onwards and upwards.
What do you guys make of the whole Greece issue, and if America default?
They have bailed them out for a second time, the Greeks have only 4% of their working population that pays tax, they come across as lazy people want everything for nothing. They have said they won't be able to pay the money back. I think they should have just removed themselves from the Euro, and slowly built back a strong and stable economy, now they have just put a noose around their necks how will they pay all that debt back.
The price of gold has gone up to an all time high, yet gold equities are lagging behind. I think we will probably see a change in September but could happen sooner.
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Soldato
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CNR doesnt produce gold so it wont follow the price, I guess its more about finance and exploration costs (vs distant rewards).
If we do get extreme events in finance (again) I think they could half for that reason. Not good enough or (any even) cashflow to go it alone.
CEY is off the ground yet still half price because what will new government will Egypt get and how will they deal with Mubarak's legacy, part of which is the gold mine license I guess
There is no reason for a default, interest rate costs are very low. To say so because of the ceiling is just political posturing
They threaten the worst rather then cut back a budget.
What is under threat is large government spending projects.
They are not receiving enough taxes to meet the bills so they borrow the difference
The more sensible government is the more bearish it is for gold (as an alternative currency) but I think its unlikely they will take large painful steps just before the 2012 election
The ideal recipe for a long term higher gold price is they dont default, they raise the ceiling, keep spending too much and major countries like China, etc keep rates lower then inflation
If they did default I think it'd only spike the price for this year and shares like CNR should be sold as they may never actually produce/sell in time to take advantage.
A mining firm especially exploring really wants a high average not the spike.
Im pretty sure USA will default to inflation not actual refusal to pay. For example the Federal reserve is a private company not bound to obey Congress or the Senate or their constitution even so in theory they'll do whatever it takes
A German trader I was listening to said Germany is the opposite they will refuse to dilute or weaken 'their' Euro to pay off the bad debtors. The people are adamant it is against their laws to create new money for debt.
That conflict is a higher risk then of default or in some way the end of Euro currency. I'd be bullish on Germany either way as #1 exporter
Its not that high yet. Half the gains are from diluted currency. UK pound halved in worth since 1990 for example etc
http://forums.overclockers.co.uk/showthread.php?t=17972856
Sold CEY EMED and bought some SKR at a long term low
If we do get extreme events in finance (again) I think they could half for that reason. Not good enough or (any even) cashflow to go it alone.
CEY is off the ground yet still half price because what will new government will Egypt get and how will they deal with Mubarak's legacy, part of which is the gold mine license I guess
There is no reason for a default, interest rate costs are very low. To say so because of the ceiling is just political posturing
They threaten the worst rather then cut back a budget.
What is under threat is large government spending projects.
They are not receiving enough taxes to meet the bills so they borrow the difference
The more sensible government is the more bearish it is for gold (as an alternative currency) but I think its unlikely they will take large painful steps just before the 2012 election
The ideal recipe for a long term higher gold price is they dont default, they raise the ceiling, keep spending too much and major countries like China, etc keep rates lower then inflation
If they did default I think it'd only spike the price for this year and shares like CNR should be sold as they may never actually produce/sell in time to take advantage.
A mining firm especially exploring really wants a high average not the spike.
Im pretty sure USA will default to inflation not actual refusal to pay. For example the Federal reserve is a private company not bound to obey Congress or the Senate or their constitution even so in theory they'll do whatever it takes
A German trader I was listening to said Germany is the opposite they will refuse to dilute or weaken 'their' Euro to pay off the bad debtors. The people are adamant it is against their laws to create new money for debt.
That conflict is a higher risk then of default or in some way the end of Euro currency. I'd be bullish on Germany either way as #1 exporter
Its not that high yet. Half the gains are from diluted currency. UK pound halved in worth since 1990 for example etc
http://forums.overclockers.co.uk/showthread.php?t=17972856
Sold CEY EMED and bought some SKR at a long term low
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Silversurfer,
I have been reading your posts, and must say you seem very knowledgeable have a great insight into the markets. I try not to focus too much on the political situation and just do my due diligent research on stocks on AIM.
I think its great of you to voluntarily share so much useful info on here. You tend to find some people on bulletin boards like ADVFN, LSE, III etc do tend to get carried away with their expectations. I like to think Mark Childs will deliver and give shareholders a good return on our investments.
I have been reading your posts, and must say you seem very knowledgeable have a great insight into the markets. I try not to focus too much on the political situation and just do my due diligent research on stocks on AIM.
I think its great of you to voluntarily share so much useful info on here. You tend to find some people on bulletin boards like ADVFN, LSE, III etc do tend to get carried away with their expectations. I like to think Mark Childs will deliver and give shareholders a good return on our investments.
Sold the last of my MNR....1100% gain, delighted. Into BARC at 211p.
Bought more MWA.....50k oz gold and SP at 5p, possible restart of BNC. If only Mugabe would die.
Also heavily into HZM.....world class nickel resource, gold prospects and backing of two major players......this is my early retirement share....lol.
Bought more MWA.....50k oz gold and SP at 5p, possible restart of BNC. If only Mugabe would die.
Also heavily into HZM.....world class nickel resource, gold prospects and backing of two major players......this is my early retirement share....lol.
Soldato
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They sound quite diversified. Does the price match the news, seems like hype deflation
ive been told it improves results to keep a log so thats mostly why plus I often forget why a certain price might be good
Reversal today is mostly based off delays to any usa debt deal it seems
Relevant to CNR I think:
Barc price is at 5 day average and there is also 214 as a possible level it could hold
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Associate
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Orogen Gold will be releasing their interim results which will be out August 15th should see some buying prior to that hopefully. I don't think the stock will rise as qucikly as it fell but should be interesting how it plays out.
Hi all,
I was wondering what peoples thoughts were on Americas debt issues? I have been reading up over the weekend but it is very difficult to form a balanced view as a) I dont have access to raw data b) every article you read is biased. As such I dont have a clue!
Any thoughts on
a) likely hood of USA to NOT agree to an increase in their debt limits
b) impact that this would have on the stockmarket (im primarily in natural resources (global) and real estate in the UK).
c) What proportion of your investments are you holding in cash at the moment?
I was wondering what peoples thoughts were on Americas debt issues? I have been reading up over the weekend but it is very difficult to form a balanced view as a) I dont have access to raw data b) every article you read is biased. As such I dont have a clue!
Any thoughts on
a) likely hood of USA to NOT agree to an increase in their debt limits
b) impact that this would have on the stockmarket (im primarily in natural resources (global) and real estate in the UK).
c) What proportion of your investments are you holding in cash at the moment?
Soldato
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A) It doesnt really matter that much. Its a headline that throws a light on a lot of bad news that will not be going away easily, limit or not
B) It equates to your credit card limit. Its actually a positive if they reduce spending, it could be a lot of upset but thats the same as every week imo.
My own view is the nasty upsets are inevitable.
Politics is just people talking loudly, focus on something more reliable
C) Hold gold not cash and neither is an investment. A mining company can be
USA is 300m people. Just China and India is over six times as much. If you want growth forget who used to be rich and focus on who could be in future and what do they want?
BP supplies USA military, I think they may be the exclusive contractor not sure. Also operator of USA's largest oilfield etc
In theory they are subject to a lot of worry on Monday.
I halved my holding on friday just to take profits on its small rise. They go exdiv on wed, would like to buy back really at last weeks lows maybe
B) It equates to your credit card limit. Its actually a positive if they reduce spending, it could be a lot of upset but thats the same as every week imo.
My own view is the nasty upsets are inevitable.
Politics is just people talking loudly, focus on something more reliable
C) Hold gold not cash and neither is an investment. A mining company can be
USA is 300m people. Just China and India is over six times as much. If you want growth forget who used to be rich and focus on who could be in future and what do they want?
BP supplies USA military, I think they may be the exclusive contractor not sure. Also operator of USA's largest oilfield etc
In theory they are subject to a lot of worry on Monday.
I halved my holding on friday just to take profits on its small rise. They go exdiv on wed, would like to buy back really at last weeks lows maybe
Soldato
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I have seen 11th stated somewhere also
http://www.investorresearch.mdgms.com/factsheet/factsheet.html?ID_NOTATION=9454510
yahoo and a couple others say 3rd and Bp.com says it too
I always like the idea of getting a 'free dividend'
Fridays rush up before close is related to the div I think (and ceiling speculation). I have New york BP shares looking like they could have broken this years negative trend but London still yet to do so.
Looking for a breakout, happening with a dividend would be too good
A year ago, they shut the oil off and the price was 425. This is not brilliant performance really, I blame the Russia TNK problems and really that is more important then USA politics?
http://www.bp.com/extendedsectiongenericarticle.do?categoryId=137&contentId=7038569
SKR I mentioned last week is determined to make me suffer
http://www.investorresearch.mdgms.com/factsheet/factsheet.html?ID_NOTATION=9454510
yahoo and a couple others say 3rd and Bp.com says it too
I always like the idea of getting a 'free dividend'
Fridays rush up before close is related to the div I think (and ceiling speculation). I have New york BP shares looking like they could have broken this years negative trend but London still yet to do so.
Looking for a breakout, happening with a dividend would be too good
A year ago, they shut the oil off and the price was 425. This is not brilliant performance really, I blame the Russia TNK problems and really that is more important then USA politics?
http://www.bp.com/extendedsectiongenericarticle.do?categoryId=137&contentId=7038569
SKR I mentioned last week is determined to make me suffer
Soldato
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Buy the rumour Sell the news
Ceiling Deal enroute. Credit rating downgrade forthcoming - AAA to AA
Theres always a sting in the tail
Last week people were predicting a rally which imo totally jinxed the whole idea. Sold bit more of BP on its brief rally today, bought it back at close and hopefully more tomorrow.
If USA cant afford oil, others will but oil has dropped 4 dollars in a couple of hours. Same as gold, its a bull market imo
Real estate is one of the best long term investments possible. I know it got skewed price wise but its similar/better then gold.
I own Tesco, one of the countrys largest real estate holders, nice div too. Just dont expect fireworks
RMP floated which is similar to RRL as it is a partner. Apparently its cheaper then it should be, I havent done any homework but its doing well (RRL also near to cheap?)
Also CAD is well worth a look in a similar way as a small producer with grand potential. Partnered to ENI recently in the Ukraine
Also doing well regardless of western politics
http://www.cbo.gov/doc.cfm?index=12357
http://t.co/qxllGbo
Ceiling Deal enroute. Credit rating downgrade forthcoming - AAA to AA
Theres always a sting in the tail
Last week people were predicting a rally which imo totally jinxed the whole idea. Sold bit more of BP on its brief rally today, bought it back at close and hopefully more tomorrow.
On commodities the world demand is more important so I still like BP even when it dives.
If USA cant afford oil, others will but oil has dropped 4 dollars in a couple of hours. Same as gold, its a bull market imo
Real estate is one of the best long term investments possible. I know it got skewed price wise but its similar/better then gold.
I own Tesco, one of the countrys largest real estate holders, nice div too. Just dont expect fireworks
RMP floated which is similar to RRL as it is a partner. Apparently its cheaper then it should be, I havent done any homework but its doing well (RRL also near to cheap?)
Also CAD is well worth a look in a similar way as a small producer with grand potential. Partnered to ENI recently in the Ukraine
Also doing well regardless of western politics
http://www.cbo.gov/doc.cfm?index=12357
http://t.co/qxllGbo
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