Mr_Nice
-
Posts
249 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by Mr_Nice
-
-
Anyone know what Enfield Lock is like? Am considering a riverside place on Government Row.
Yes, I know it will be underwater soon!
-
TTRTR I have to say I'm glad we have you on this site.
It's actually a pity that we don't have more bulls who can post at least a reasonably sensible argument, it gives this site more credibility.
However I do find your assertion that landlords can simply raise rents with their costs quite amusing.
If you study basic economics, which I'm sure you must have, being an accountant and all, you will know that for a given service, a rise in price will result in decreased demand, unless there is a corresponding fall in supply.
To test this theory, I would suggest you double all your rents next month, and report back on the reaction of your tenants.
Who knows, you may just prove me wrong.
And make a heap of money in the process.
As for the student population, I reckon they'll just decide to stay at home with the folks if they can't afford to rent.
Very good point. Many overlook the elasticity of demand in the housing market and assume that demand is purely a function of demographics. This is not the case.
As prices rise demand contracts for several reasons:
More people need to cohabit. This is driven by two sides firstly purchasers need to rent a room to meet increased costs and tennants need to rent a cheap room in order to save deposit.
Many stay at home during early years of work and study.
People postpone families.
People accept smaller dwellings.
Less people own second homes.
And so on.........
-
Would a devaluation of the £ against the EUR make it more or less likely that the UK would switch to EUR?
More.
I have long considered that GB et al can claim that they facked up the £ etc to facilitate joining the euro.
Further by ruining productivity they are forcing lower rates so in effect we are become more like europe i.e 'socialist' (aka crap economy) and beuarucratic.
Dont' forget one of the tests is
4. There must be guarantees that British taxpayers will not be required to pay for the unfunded pensions which some EU countries have promised their citizens.
So Gordon is busily making sure this is'nt a problem by ensuring that our pension system is the most unfunded in the world.
He is a genuis. Or more bluntly an ar*ehole
-
well, Mr Merv king did try and warn the public last year about house prices, if they don't listen and carry on buying / mewing / ramping the market then its there own fault, king will protect the pound not the greedy mew'ers and the economically numb heads.
bring on the rate rises
Rate rises or sterling crash I dont care. Both have the same effect of making uk housing cheaper if you have had the sense to move your cash out of this dung hole of an economy.
-
I think the point is that we all live in the same world.
The US is the largest economy and hence what goes on there affects the entire world to some degree.
If the US faced economic turmoil then we won't escape the same fate.... interesting times ahead.
Yep. I understand that the article is pitched to the US but consider the US to be a promiscuous gorgeous babe if he/she gets a dose it will quickly spread.
-
LOL what on earth is it with these Newspapers setting up their own Shadow MPCs for ****** sake? What on earth are they playing at, it's none of their business what policy is set, they're supposed to report the news not make it.
Why not go the whole hog and have a Journalists Shadow Cabinet.
Totally agree. News long ago failed to be that. They should be called 'half baked comment papers'.
-
A bit of an OTT article but will cheer up any doom mongers non end. If that can be done
Anyway. The bit I like best is
People around the country are nearly unanimous in thinking that this is their last great opportunity to buy or re-finance a house/condo. Naturally, it is the opposite: it is your last chance to sell.
or this too
once prices have dropped (and they will!)
-
LSE to launch silver tracker fund
A silver price tracker fund, also known as an exchange traded fund, is expected to be launched on the London Stock Exchange within the next month by ETF Securities, which has already launched an oil-backed ETF on the LSE.
This is not the Barclays Silver ETF and seems to have popped up from under everyone's radars.
From what I have read these guys dont actually hold physical silver so it is more of a derivative and won't impact the physical market.
-
I've been an Oracle developer/DBA for 7 years and I don't earn anything like that and nor do any of the other Oracle people I know. And before you challenge that and say I obviously don't have the right skills etc etc, I have written countless papers, articles and web content on the subject.
Top level Oracle applications consultants (the best paid area of Oracle) get in the region of £70k tops and even then that isn't with 6 months worth of study.
I'd totally agree with the notion however than you need to constantly change what you do, my job today is totally different form what it was 2 years ago and not even remotely the same as it was when I started 8 years ago. It's essentially a different job with different skills.
In my experience is not what you do its where you do it that counts. I.e an IT project manager at a bank will earn far more than a similar role in retail.
I am exceptionally well paid for what i do compared to my peers in other industries but with this comes the burden of high transfer earnings.
I agree with your comments on role change. I work in MIS/CRM (epiphany, SAP, BO etc) and embrace skills change but the threat remains that if your employer does'nt buy the latest products your skills stagnate very quickly.
-
Just back from snowboarding in Meribel with an interesting cross section of chaps HPC-wise.
I was boarding in La Tania. Popped over to your valley on that dull blue.
Wicked conditions though. On friday it made no difference off piste or on.
Nice
-
Hi,
It is a long article and has some interesting things in it. For me it raised the question of the tax implication, if I buy shares in this ETF then I am not sure what these are, if the stock is in the US then how do I, a UK citizen, get taxed if at all? Sorry for my naivity but I am sure I'm not alone in this....
Also, IF I decided to take delivery of Silver/Gold I ordered online then would I actually have to pay 17.5% VAT on it??!
Thanks for any insights.
Frank
As riser pointed out yes you do pay VAT on silver if you actually collect it. However, in thoery at least, VAT is value added so is payable only once until more value is added. So if physical silver always trades at 17.5% above non delivered sivler then this is not neccessarily an issue.
Of course, you need to sell it to someone who appreciates that!
-
One question I have about the ETF is where will they store it? I have 100Kg in an unallocated account which would be about the size of a small television whereas the same cash value of gold would be about the same as dvd box.
When I opened the account I asked if they would do allocated and they said they could'nt store it all!
-
http://portal.telegraph.co.uk/money/main.j.../21/ixcity.html
Imports now account for around two-thirds of coal used in power plant, with Russia the biggest supplier followed by South Africa. Around 35m tonnes was imported last year, compared with just 4m before privatisation.The heavy dependence on Russia has caused some unease about reliability at a time when President Putin has been flexing his gas muscles by using the huge Gazprom company as a political weapon against former Soviet states.Priority is being given to encouraging faster development of clean coal technology along the lines of the plans by Richard Budge, former chairman of RJB Mining, now UK Coal.The political scene seems to point toward greater UK independence from volatile sources such as Putin's Russia?
Thanks for the tip--will check it out. Its up 14% so far today! Not much movement on UKC recently although a lot of behind the scenes developments seem to be happening due to the fuel "crisis" we are apparently experiencing.
CBM is now up well over 30% on my trade a couple of weeks back, l still see plenty of strength so I am going to move my stake off and just leave the profits on the table.
Looking at another coal play which is GRANDE CACHE COAL CP. looks undervalued but might suffer from strength of the loonie.
Going to put a toe in tomorrow.
-
We could get an ETF decision today Friday 17 Feb in the States. Silver held up well during golds recent correction and it feels strong to me, I am long silver and hope to see it break $10 when the ETF news breaks
Well $10 is now a line in the sand. Very nice for all my positions.
I see $12 before the summer as being quite realistic. Many have underestimated the ETF and the supply constraints and will miss out of this action.
-
I may have been reading his articles wrongly but isn't he up one article, down the next re house prices, interest rates, the colour of smarties, etc?
Roger, I bought that 'Money For Nothing' book - can I have my money back!?
I agree he is so inconsistent and just plainly wrong I dont see that he has any credible comment.
-
Looks good to me :-) Trying to buy some at 0.355.
My tip in exchange is czn (canadian zinc), an interesting story if you havn't seen it already, this might be a good time to buy too.
This recent press release grants an important permit.
You can find the current resource estimates in there too:
70m ounces silver, 3 billion pounds zinc, 2 billion pounds lead.
http://www.canadianzinc.com/press/docs/NR-02-13-06.pdf
You can see they're drilling in 2006, so we can expect some
newsflow too.
Note that much of the needed mine and mill is already built
(by the Hunt Bros before they went bankrupt).
Pent
Hi, been skiing for the week. And had the discipline not to log in for a week! That was a test.
I have a fair chunk of CZN too picked them up a few weeks back at .93$. I agree that they look well positioned and a few weeks back Money Week ran a piece on their view of a large upside on zinc so i thought they were a good play.
Some others i hold and like are anac moly (aua) for molydenum, molycor gold for a good mix. Both have been strong but i am sticking with them.
Have a shed load of KEEGAN RES too and I think i will take some profits on them as they have had a great week. Full list of my portfolio is below.
BTW have you looked at http://www.americanbulls.com. I really like this site as I find it complements the informational research element of stock picks. I.e i find stocks I like and use this as an added tool to decide when to buy in, top up or take some profits.
UK.
APP
CBM
HGM
REI
TSG
UKC
US.
CAU
SWC
HL
SIL
Canada
CZN
CDM
EDR
ELD
EPL
ER
FVI
HBM
IVN
KGN
MAW
MOR
NGX
PFN
WNP
-
Nu lab are about as Socialist as Margeret Thatcher!
Labour have the same goal as the tories i.e to line their own pockets and other members of their club. The difference between the two is that labour are fackin up the country in the process.
-
Saw this yesterday mentioned by someone on HPC.
Was considering throwing a bit of cash into it - but didn't have
the funds available at the time.
30% increase in one day!
yeah nice spread too
you need a 50%+ rise just to break even. Would'nt touch it.good luck
-
Think so, 9pm ET is on the release. I think it's quite good timing.
The RSI has pulled back a lot after months of bobbing along the
top, maybe we're ready for another push now. On the other hand, I've seen a decent news release push a miner down 30%, so I have no expectations any more about these events.
This Saudi oil refinery event could help matters, pushing gold
up and improving sentiment in the mining equities, even if
it's just for today.
Pent
Well we have number 1 spot in Kitco. I am 20% up on the ones i picked up last week so I am happy chap. Going to sell a few thousand and get some PFN. http://www.pfncapital.com
This seems to be a totally overlooked company has joint ventures with the majors which will see it through to production. Could be a ten bagger. If you're interested let me know your opion.
Cheers
Here is an extract from infomine.
Vancouver-based Pacific North West Capital Corp and joint venture partner Anglo American Platinum Corp are currently preparing budgets for work to be done on their River Valley Property in Ontario (current resources: + 1.2 million Pt+Pd+Au ounces) which is earmarked for more drilling to substantially increase resource ounces. Pacific North West is in the enviable position of having three of its core projects financed to production by two of the world's top three platinum mining companies. Also, Marathon PGM Corp's primary focus is its Marathon PGM-Cu Property, also in Ontario. To date, the project hosts measured and indicated Pt+Pd resources of over 1.3 million ounces, and inferred Pt+Pd resources of over 0.5 million ounces. The company plans to increase the measured, indicated and inferred mineral resources on the project and identifying areas of further exploration potential.
-
I reckon we're heading for a deflationary depression, so I'm pretty much out of stocks.
Here goes:
- My entire Legal and General pension is now invested in the L&G Cash fund (short-term money markets)
- 60% Cash
- 20% gold (split evenly between physical, Goldmoney and GBS)
- 20% Merrill Lynch Gold Fund, although I'm "humming" and "harring" about selling this and getting physical gold
Regards,
crude
We have a remarkably similar portfolio split. Hence, i hope you're right
-
I've read a few articles about this now and it does seem certain that something will be happening. What is the correct response from an investment point of view?
Buy JPY equities or currency?
Buy gold/silver?
Sell houses?
Sell UK equities?
Answers and analysis please.
That is the big question and I don't know the answer!
I personally am currently 50% cash split between Canadian and UK pounds having taken profits on a lots of equities.
I am 15 % in physical metal split 10% Silver, 3% Gold, 2% Palladium.
The remaing 35% in stocks split.
10% General Commodities
5% Japense and Emerging Markets
20% Gold, Silver and PGM Stocks split on 5 International markets
So basically, I have'nt got a facking clue at a macro level whats going to do well what's going to be ar*e and consequently I am hedging my bets accross the board.
Anyone else care to reveal their approach?
-
Here it is then:
http://biz.yahoo.com/bw/060223/20060223006094.html?.v=1
Debt free 4 months ahead of target.
On the hedge issue, appears
they've been closing gold hedge positions. Previously stated they
would be hedge free by mid-2006. For copper, they're hedging
13000 tonnes forward at $1.98. Set that against a production
of 74 million pounds (30000 tonnes ?) in 2005, looks they're
hedging half their copper. Feel free to correct my sums :-)
Results from drilling on the new property expected starting
April.
They hope to acquire a late-stage dev project in 2006.
Nice that they can fund exploration and purchases without generating debt now.
Pent
Looks good to me and I am happy to be holding these. Do you know if the news came out after the market closed as there was not much change in price yesterday and the short term chart is actually quite negative?
Cheers
-
I'd dumped 2/3 of my NGX during second week of feb when gold
did it's fake (till now) pull back. Also reloaded up couple of days
ago. Fingers crossed. We also need copper to hold up so that
the costs are kept down.
After my brief sojourn in the markets, one thing that's struck me is how annoying it is when a great piece of news for a stock has zero share price impact because the general sentiment in the sector is negative at the time the news comes out. Could be that way
again this week with NGX.
Pent
The buying or selling almost always is in advance of the news, which is why i anticipate the action happening today/tomorrow. What annoys me is that this is so obviously insider dealing but no one seems to give a sh*t. Obviously this is purely jealously on my part as the once or twice I hvae been able to trade before news hits the market I have enjoyed every minute of it.
-
Hey folks,
picked up from a topic on kitco, I did some research on NGX
(on the TSX, think also on a US exchange). I decided to compare
them to AEM, another producer. The current NGX share price
is less than 1/10th of AEM, while NGX has around twice as many
shares outstanding, so lets say AEM is 5 times more expensive.
Looking quickly at reserves in production and coming on line in coming years, it seems that they are (very) roughly comparable.
Last news from NGX was:
January 17, 2006 Northgate Reports Record Fourth Quarter Production of 94,405 Ounces;
at a Record Low Cash Cost of $59 Per Ounce; Production of 320,000 Ounces Forecast for 2006
AEM plans 290,000 ounces in 2006, at a hoped-for cost of
50$ per ounce, so pretty comparable.
I have also read from NGX management that they plan to be debt
and hedge free by Mid-2006. Currently their hedge position
is very small, not sure what the debts are.
The only possible negative I see is if they have permit troubles
for the Kemess North expansion. If they don't, they'll be able
to use large amounts of their existing infrastructure to exploit
it, AEM should have more costs at their different sites.
Looking at the yahoo finance analyst averages, NGX overtook
AEM as a buy this week, for whatever that's worth, and estimated
revenues for 2006 are $215m (NGX) vs $290m (AEM).
I have the feeling that NGX is severely undervalued, maybe
because is was not debt and hedge free up till now, and intend to buy a tonne. On February 24th they will have 2005 results call: maybe the stock will explode then...
Anyone else see the catch or is this a fantastic buy ?
Pent
Was doing general web search on NGX and low and behold HPC came up.
I agree on NGX. Filled me boots on Monday, the timing being due to the results on Friday.
Win or loose at least something should happen this week. I guess the real action will be today or tomorrow in anticipation. Soft gold not going to help though.
Edmonton, Pondersend, Enfield, Northaw, Brookmanspark
in House prices and the economy
Posted
thanks will tread carefully
Cheers. Its the idea of sitting in my own garden with my toes in the water than appeals.
Will check it out.