littledavesab

Ahhh memories of youth King Bee - Back By Dope Demand From: Rob Base & DJ E-Z Rock -It Takes Two From: turn up the base :D :D

Seconded - or is that +1 + thanks for an insight into the traders thinking behind the trades

Not all at once granted - but if a few early movers on the pension side are starting, this could get your golden wheels spinning. Interesting development with potential.

this is a BIGGIE re pension funds have maxed out my ft.com free access so http://news.morningstar.com/articlenet/art....aspx?id=340227 By Financial Times | 06-06-10 | 02:48 AM By Ruth Sullivan Investors are taking flight to precious metals, particularly gold, as concerns grow about sovereign debt. Worries over eurozone debt burden and fears of a possible resurgence of inflation are driving investors to an asset class traditionally perceived as a safe haven. “People are looking for somewhere to put their money. They are looking at gold as an alternative currency exposure,” says Nicholas Brooks, head of research and investment strategy at ETF Securities, an exchange traded product provider. Gold funds tracked by EPFR, the US global fund data group, saw $5.7bn (£3.9bn, €4.7bn) of net inflows in the three weeks to May 19, of which nearly $5bn went into exchange traded funds. Investment demand drove up the price of spot gold to a nominal record high of $1,248 a troy ounce in May, although it has slipped slightly since then. Gold ETP flows hit a record of $26bn to May 25, from the beginning of 2009, buying more than 2,000 tonnes of the precious metal, according to Barclays Capital. The SPDR Gold Shares, the worlds’ largest gold ETF, is also seeing huge inflows into its physically backed product, holding a record 1,200 tonnes with a value of almost $47bn on May 20. At ETF Securities, Mr Brooks has seen “larger flows in the past month into physically backed gold ETCs than at the height of the financial crisis”. In one week last month (May 7-14), trading on its ETC platform hit an all-time high of more than $2bn, driven by strong trading volumes in precious metals. Gold made up almost half of the trading, while platinum and palladium accounted for 12 per cent. This month will also see the launch of the Physical Gold ETC from db x-trackers, who have until now focused on ETFs. Most of the inflows into physically-backed gold stem from institutional European investors trying to reduce exposure to the euro, says Mr Brooks. In the US, investors are getting their first taste of physically-backed platinum and palladium ETCs, recently launched by ETFS. A general surge in international investment between January and early May for both metals saw palladium prices rise by 35 per cent and platinum by almost 19 per cent. However, prices declined recently as some investors took profits after a stellar run, particularly in palladium. Both metals are used by the car industry in catalytic converters. Although it may seem ETPs are eclipsing more traditional types of investing such as actively managed commodity funds, fund managers say they are also seeing increasing interest. Evy Hambro, fund manager of the BlackRock Gold and General fund, which invests mostly in gold companies and a few platinum and diamond ones, has been getting a spate of enquiries from private family offices, hedge funds, pension funds and retail investors. The classic question they ask is “whether to own gold through an ETF or invest in a [traditional] fund”, he says. Hedge funds have also been building up their positions in gold, including the Soros Quantum Fund, which has $600m invested in gold ETFs, according to the World Gold Council. Wealthy investors are also big buyers of gold ETFs, especially larger investors, in addition to buying bullion for their own vaults, according to Marcus Grubb, managing director of investment at the World Gold Council. Tales abound of family offices trying to rent additional vault space in London. At Schroders Private Bank, Rupert Robinson, chief executive, has held an average of 8-10 per cent of clients’ portfolios in gold and gold stocks in the past 18 months. Sovereign wealth funds are also becoming goldbugs. Last December, China Investment Corp, the Chinese sovereign wealth fund, invested $1.45m in the SPDR Gold Trust, while central banks have shifted from selling to buying, helping to push up the price. But perhaps it is pension funds that are making the biggest change in direction. “Traditionally pension funds shied away from gold and commodities,” says Mr Grubb. In the past, pension fund trustees said gold and other precious metals were difficult to value and did not have a yield, “but this is beginning to change”, he adds. US pension schemes, in particular, have been buying gold, including the Teachers Retirement Scheme of Texas and the New Jersey Division of Investment. The former scheme invested $125m in the SPDR Gold Trust last October and a similar amount in precious metal mining stocks, setting up a separate gold portfolio to hold the investments, according to the World Gold Council. However, concerns about gold becoming the next bubble are surfacing. At Davos, earlier this year, George Soros warned low interest rates could generate new bubbles, including gold. Others are more optimistic. Mr Robinson says there are “signs gold may be becoming over-owned and too fashionable in the short-term”, but in the long-term “it is a good asset to hang on to”. He believes “it could easily reach $2,000 an ounce within the next five years”.

http://market-ticker.denninger.net/archive...e-Your-Ass.html

Certainly the example of LON:YELL and others escaping bankruptcy via rights issue should not be possible under a Prechter scenario. Markets had a little wobble recently but confidence remains intact. What happens if (when?) confidence goes and markets break is another matter - we will have to wait and see. Lets just hope we dont go there.

something for budget day ? On a lib theme: From: here are a few extracts to whet your appetite: “Let me tell you how it will be There's one for you, nineteen for me Cos I'm the taxman, yeah, I'm the taxman Should five per cent appear too small Be thankful I don't take it all Cos I'm the taxman, yeah, I'm the taxman If you drive a car, I'll tax the street If you try to sit, I'll tax your seat If you get too cold, I'll tax the heat If you take a walk, I'll tax your feet Taxman! Cos I'm the taxman, yeah, I'm the taxman…” You get the idea; it’s a case of Liverpool’s boy band sensation meets F.A. Hayek and Milton Friedman. Not only was the song a brilliant restatement of the libertarian position on the relationship between individuals and the state, it also acts as a great reminder that the 1960s were far more complex a decade culturally than is usually understood. The lyrics go on to attack both Harold Wilson, the Labour prime minister at the time, and Edward Heath, the Tory leader who later became an equally useless prime minister. Apologies if its already been posted inspiration from http://www.cityam.com/news-and-analysis/al...ght-about-taxes

A libertarian theme for you ! From:

congratulations profhit made a good call there got any others like this ?

Since we have split the threads - the other you tube thread seems to be re Business items and this = music Is it sensible to re-name this thread entertainment ? And this is not music but is great entertainment Or is it just that the other thread has got loaded with business items temporarily ? From: it may get deleted so search for got to dance akai - great talent !

Machine guns, tinned food and a log cabin in the hills ?

GCL is another ? http://www.londonstockexchange.com/exchang...5FW330GBGBXSSX3 + re Rick Rule - listened to his KWN and found it useful Also found this which does a good job of explaining resource stock movements in the last couple of years - Rules view @ 2008! http://www.gold-speculator.com/editors-pic...008-2010-a.html

Question - just what is the purpose of the gold thread ? Edit after spending wasting 1/2 hour reading through this thread could someone please remind me to get back to work and then to get back to the little & Sab at a decent time

It is fair to say that there are many many small companies holding (potentially) great technology. The thing is however that very few actually manage to transition to match their potential. If they did investing would be easy! That makes it a high risk / potentially high reward proposition. A bit like junior miners !

Polo Resources on AIM is interesting. Good discount to NAV. Holds stakes in some good companies. I have had my eye on but have not moved. Anyone else following Polo? http://www.poloresources.com/Company_Strategy.htm iii board following same is a little over confident, possibly http://www.iii.co.uk/investment/detail?cod...ssion&it=le brokers review courtesy minesite - dated Nov 2009 http://www.minesite.com/fileadmin/content/...20-%2024.11.pdf

Hiya Dr Solar You must be feeling neglected in this thread to think you had been banned! Often the threads outside of the main board get like that but it can make for better conversation ! I have stopped by a couple of times previously. Anyway can I ask you - Is this your favourite junior / idea or what is it that appeals about Nano? I only ask because you seem very active on this thread! I was going to be lazy and ask you if you know about its cash position but had a quick look at http://investing.businessweek.com/research...p;formType=10-Q and can see it has done some fund raising / some warrants have been cashed $4,202,675 cash / cash equiv £620K cash burn most recent quarter £641K cash burn equiv quarter 1 yr back warrants issued Stock Warrants Issued in connection with Private Placement 30 sept 2009 1 yr ago new total 5,097,300 827,485 7,681,578 I dont think it is listed on a index that I am able to trade. But it does strike me that the biotech sector has long been out of favour. If Biotechs can get the technology right who knows what the future will bring

Not sure whether to be happy or unhappy that Goldman Sachs Godman Sachs may be on the same side of the trade (for now) - assuming this is not a ploy to encourage mug punters to the party http://ftalphaville.ft.com/blog/2009/12/03...ast-to-1350toz/ The 2010 commodity outlook from Goldman Sachs has just landed in our inbox and a quick skim across the forecasts confirms the bank that previously liked to be bullish oil, is now also bullish gold. Well relatively so, in so much as they’re raising their 12-month forecast to $1350 per troy ounce versus a previous $960. Although they do warn that once the Fed reins in its unconventional policies and sets upon a tightening path, gold prices may come under pressure. As they note (our emphasis): With the US Federal Reserve expected to keep its short-term nominal interest rate target near zero through 2011, we expect the low US real interest rate environment to continue to provide strong support for gold prices in 2010 and 2011. However, as we also expect US inflation to remain subdued, we expect gold prices to come under significant downward pressure once the US economic recovery strengthens and the US Federal Reserve begins to raise interest rates. Consequently, an earlier-than-expected tightening of US monetary policy is the primary downside risk to gold prices in 2010 and 2011, in our view. In the interim, however, we expect the low US real interest rate environment, continued gold-ETF buying and reduced Central Bank gold sales will allow gold prices to continue to move higher. We therefore raise our gold price forecasts to $1200/toz, $1260/toz, and $1350/toz on a 3-, 6-, and 12-month horizon, respectively, with a 2010 average price forecast of $1265/toz and a 2011 average price forecast of $1425/toz. While an earlier than expected tightening of US monetary policy presents a substantial downside risk to gold prices in 2010 and 2011, we believe the near-term risk to our gold price forecast is skewed to the upside. Meanwhile, they have actually cut their 12-month forecast on WTI oil to $92.5 per barrel versus $95 per barrel — the forecast acknowledging that a slower than expected recovery in developed market demand will have “pushed back the clock on global inventory drawdowns”. Although that’s not to say they’re more sanguine on the longer-term price outlook. The analysts have introduced a 2011 forecast of $110 per barrel based on strong demand from emerging markets. As they explain:

for answer see http://www.moneyweek.com/investments/preci...good-94905.aspx and also the frizzers in moneyweek thread for updates http://www.moneyweek.com/investments/preci...good-94905.aspx

worth cross referencing the other U topic http://www.greenenergyinvestors.com/index....=1377&st=40

If I was a trader that would be a bucking bonco I would wanna ride on the way up and short on the way down. As a mere mortal I am tempted to tag along with an ETF play(s) hoping to catch the turn. Difficult I know.

Also from the above article - gold is such a small market (market cap wise) that others following the Poulson meister will simply drive the price up ! Me thinks that if we do not see another deflationary down swing soon, it is quite possible that gold shares may soon be well ahead of where they are now. But then again its when I think like this that the market turns round and bites me on the rear!

who says that all the mined gold never disappears!! Wanna come to one of my dinner parties http://www.goldleafsupplies.co.uk/acatalog..._Gold_Leaf.html Edible Gold and Silver leaf... without doubt the most opulent food garnish.Gold and Silver leaf has been used for centuries, not only for decoration of fine art objects but also for the decoration of food. Our range of Edible Gold & Silver products are designed specifically for the decoration of food and beverages and allow you to transfer to your table all the magic of these precious materials, bringing an ancient Renaissance tradition back to life. Suitable for the decoration of Wedding Cakes, Chocolates, Fruit, Marzipan, Champagne cocktails , Indian cuisine - your imagination is the only limitation! 23 ct Edible leaf is manufactured with extreme care and controls and adheres to the FDA guidelines of edibility. Edible leaf has no taste or smell but has a very luxurious appearance. All of the products have safety certification, are Halal and Kosher Edible Gold and Silver are classified as Natural Food Additives. Gold being classified as E175 and Silver as E174 ------------------------ Halal and Kosher...........thats all right then But apparently these are getting more popular in the city - bonus season cometh ?

http://news.morningstar.com/articlenet/art...67&pgid=rss It's not just commodities funds or investors, however, who are interested. More than a handful of diversified-stock mutual funds have added the metal, both in the form of gold bullion and gold exchange-traded funds (specifically SPDR Gold Shares (GLD Sponsored by: GLD) and iShares COMEX Gold Trust (IAU Sponsored by: IAU) ). Sure, many funds have dabbled in gold miners from time to time, but the ownership of physical bullion is unusual. ---- Didnt know it was sponsored not until I copied and pasted here

Yields look good. BUT global cap and trade is likely coming and the process of super heating the tar sands to produce the oil aint a good one for the old enviroment. Even talking of building Nuclear power stations to do the job! You Pay your money and takes your choice ! Ps I hold Penn West also.