Taddish
02 Nov 2016
Re: Oh dear... Andy, kI'm 40% cash and 40% profitable PM miners including one investment trust @ 85% of NAV, I also have some in a Vietnam investment trust. I too have cut back on other sectors.A Trump win could be the thing the starts a sell off. But even if Trump loses, the risks of a market collapse are everywhere. I'm watching events and the gold price very closely at present, but I feel safe holding good PM miners. Safe-ish !!!Tad
Andy Reilly
02 Nov 2016
Re: Oh dear... Tad - I sold another stock today that I wasn't too keen to hold IF there is turmoil resulting from a Trump victory, merely to reduce risk. I can relate to this link:[link] I have a useful amount of cash, and a reasonable holding with PAF, but in the end its not about politics its about how the market is shaping up. Yet again PAF has baulked at 22p! So I am hoping gold rises enough to make that break very soon, and I have to say I am a tad mystified at the lack of enthusiasm behind the SP.
Taddish
02 Nov 2016
Re: Oh dear... Hi Andy, I can assure you that my views on US politics and foreign policy are based on extensive research. However, I'll spare you my reasoning as this is not the appropriate forum. Suffice to say that the truth is often very different to the official versions.Tad
Andy Reilly
02 Nov 2016
Re: Oh dear... T - well considering the author was a 'former chief speechwriter for President George W. Bush' (surely one of the greatest presidents of all time!) his involvement with the GOP and negative stance doesn't give him much credibility in my books.I am no fan of Clinton, but it just amazes me that people think Trump offers any kind of alternative worth considering for even the briefest of times. As to exposure to gold I agree with you, as I think in these increasingly volatile times it makes a lot of sense.
Topalov
01 Nov 2016
Re: Oh dear... Well Hilary is dreadful. [link] problem is Trump is probably even worse so perhaps understandable he thinks his best strategy is to run a negative campaign. According to the article only 11% of Americans think Hilary is honest - the chances of Trump becoming president may be higher than people think. Sensible to have exposure to gold.
Andy Reilly
01 Nov 2016
Gold on roll...? Gold is pushing up today nicely as the $ and stocks come under pressure, and it will be very interesting to see if PAF's SP can knife through 22p resistance (already touched today!) and make it to the last high of 24.5p very soon.There is clearly a lot of concern that Trump might get near to winning the election, and for very good reason in my books, but hopefully he will fail, and gold adopt a more steady trajectory after the anxiety is resolved.
Andy Reilly
29 Oct 2016
Re: Oh dear... T - unfortunately your reply is like so many wild statements people post on BBs without much reflection. Everything is so extreme, and it militates against any nuance, or indeed sensible political debate. Trump is part of the phenomenon unfortunately, and I find it a very unpleasant developement, as it relies on throwing as much mud at your opponent, and claiming everything they represent is dreadful. Its all very negative and unproductive..
Taddish
28 Oct 2016
Re: Oh dear... Doesn't surprise me - the last straight guy in the White House was assasinated ... JFK, and if Trump doesn't keep his mouth shut over 9/11, he will be too. The elite class in the USA are ruthlessly corrupt in pursuit of infinite personal wealth.Tad
Andy Reilly
28 Oct 2016
Oh dear... ..as much as I'd like gold to show more strength I really don't want it to be on the back of concerns that Trump could narrow the race, let alone become US President, as a result of the FBI opening the investigation into Clintons emails! Strange how its all rigged until it suits Trump! All very depressing.
Andy Reilly
24 Oct 2016
Re: Reasons for purchasing. ps - PAF currently is holding up reasonably well, but having problems at 22p. Your case is plausible and reasonable, but not the kind of stuff to see the SP break up and away. Clearly there is some hesitation about what the FED will do with interest rates, but I feel they may well bottle a rise in December, so gold needs to show more momentum towards $1300 and above to lift sentiment meaningfully. The SP remains above the 50 day MA, and it and the 200 day MA are still rising, so the chart is still in positive territory, but it would be good to see more umph behind gold soon.
pharmaspecialist
24 Oct 2016
Reasons for purchasing. I made a post some time ago noting that young Mr. Roots's background was in accountancy rather than technical qualifications in mining, but perhaps my concerns were unfounded as things seem to be OK so far and I like his focus on the dividend, although it is still early days under his control. There seem to be so many tailwinds for PAN African at the moment that I have re-invested in the company, despite the recent share price appreciation. The gold price is still OK for decent profits from the company's mines and the jump in thermal coal prices must be good for the Uitkomst Colliery which, looking retrospectively, PAF seems to have bought at exactly the right time. Even the fall in sterling will help make the company's results and dividend look good to us. Whilst I think most of these factors are already in the price, I also think that PAF's financial strength and the relatively long lives of its assets should allow further profitable expansion so my opinion is that the company is an attractive investment at around 20p per share.
shugg1e
20 Oct 2016
Re: Great mention for PAF... No still holding but looking to dump at 24p
shugg1e
20 Oct 2016
Re: Great mention for PAF... Yeah they will raise in December to keep credibility uncertainty will keep a check on gold moving anyway north of $1300 until the picture is clear.[link]
Taddish
20 Oct 2016
Re: Great mention for PAF... The US Fed are all talk shugg1e. They cannot raise interest rates in Dec and the consensus agrees. 2017 is now the earliest, and I doubt it will be early 2017. Sounds like you've been caugtht on the sidelines?Tad
shugg1e
19 Oct 2016
Re: Great mention for PAF... unlikely with weakness in gold into the December rate hike
