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Whosthedaddy?

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Everything posted by Whosthedaddy?

  1. Whosthedaddy?

    UK House prices: News & Views

    I find it quite baffling given the low transaction numbers that the EAs can still turn a profit. Surely something has to give soon in this Mexican standoff between buyers and sellers. At some point the EAs must ask themselves how to increase transactions? The answer is either to not overvalue a property in the first place or to convinve the sellers to meet a buyers offer.
  2. Whosthedaddy?

    GOLD

    Yes! up 19% now and very happy to have this stock in my portfolio. However i cannot find any news release from the company website as to why this might be. Any news out there?
  3. Whosthedaddy?

    Ascot Mining

    I like the look of this company on paper at least. Though I've no idea about management team, anyone got any comments on them?
  4. The Nationwide has released it's monthly figures. I loved the comments from the Nationwides chief economist..... I give him points for optimism 'House prices fell by 1.3% in January, according to figures from Nationwide. The average price of a typical house is £150,501, down 16.6% on the same time last year, according to the building society. January saw £2,500 in value shaved off the average home. It is the 15th consecutive month that prices have dropped. But the three-month on three-month rate of change, which is seen as a smoother indicator of short-term trends in prices, improved for the fourth month in a row. The price drop seen during the three months to the end of January was 4%, compared with a fall of 4.2% during the previous three-month period. Martin Gahbauer, Nationwide's senior economist, said it was too early to say whether this was the beginning of turnaround in the market. "The increasing level of enquiries suggests that activity levels have a reasonable chance of recovering from their recent lows once an end to the recession is in sight and/or the recent Government interventions lead to an improvement in the availability of credit." The housing market is being hit by a combination of the mortgage shortage, rising unemployment and an expectation among potential buyers that prices still have further to fall.'
  5. Whosthedaddy?

    GOLD

    Anybody catch this snippet from seekingalpha in their 'Preview from Europe' feature www.seekingalpha.com/article/116998-preview-from-europe-market-up-again-despite-data?source=headline1 # Germany is thinking about raiding the gold reserves of the Bundesbank to finance their get out of economic jail card. Germany currently holds the 2nd largest amount of gold reserves of any central bank, valued at €75bn. This would surely have an adverse affect on the POG.....if they were to follow through. then I find this article, that says the finance minister warning against any seeling www.dailymarkets.com/contributor/2009/01/28/gold-reserves-should-not-be-sold-by-german-central-bank-german-finance-minister/
  6. Whosthedaddy?

    GOLD

    Im wondering the same thing myself Wanderer. My BV account is loooking very healthy but Im very tempted to take some profits here and repurchase when it falls back. The question is how much to sell and at what price. How much steam is left in this move? The chart in sterling looks fairly parabolic.
  7. Folks, can somebody enlighten me as to what a universal base shelf prospectus is. Does this mean they could issue further shares and dilute the current share base? Full announcement below............ November 21, 2008 – Vancouver, British Columbia – Minefinders Corporation Ltd. today reported that the company has filed a preliminary short form universal base shelf prospectus with the Securities Commissions in each of the provinces of Canada, except in the province of Quebec, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission. These filings, when made final, will allow the company to make offerings of common shares, warrants to purchase common shares, share purchase contracts and subscription receipts (collectively, the "Securities") or any combination thereof up to an aggregate offering size of US$200,000,000 during the 25-month period that the final short form universal base shelf prospectus remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement. The net proceeds from the sale of the Securities, if any, is expected to be used to fund ongoing operating requirements, sustaining capital expenditures and development at the Dolores Mine, exploration activities, potential future acquisitions and for general corporate purposes. A registration statement relating to these Securities has been filed with the United States Securities and Exchange Commission, but is not yet effective. These Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these Securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
  8. Whosthedaddy?

    GOLD

    Ahh go on! spoil it for me...I wont get a chance to listen until tonight ;-)
  9. Whosthedaddy?

    GOLD

    Had to share this one................ Watching Bloomberg TV just now - they were commenting on the rise of Gold and the 'fear trade' A comment from some guy in the industry said 'I wouldn't be surprised to see Gold pushing through $1000 as soon as tomorrow' Well, THAT caught my ear so to speak. An interesting thought........ Still, it great to see PMs moving again.
  10. Whosthedaddy?

    Oil - Short term trading

    A plausible scenario No. 6 - certailny a lower oil price would take some pressure off corporations in the short term. Maybe Puplava will get his 'creamy filling' after all? Im not entirely certain why the Oil Services have turned lower though. I can see why it could be an early indicator to lower Oil prices. But what has caused the drop in OIH?
  11. Whosthedaddy?

    Oil - Short term trading

    That's interesting Dr. B - I was wondering what early indicators there maybe for an Oil pullback. I've quite a few oil service stocks that Im tempted to take some profits on - maybe now's the time.
  12. Whats the general concensus on newsletters? Im thinking about Goldstockanalyst.com to get specific ideas on Gold/Silver producing miners I've been nibbling at a few juniors over the past year but want a greater exposure. Just dont have the time to research the hundreds of miners out there. £300 for a yearly subscription of a monthly newsletter, seems to be about average. But Im just wary of newsletters period! I'd be interested in any thoughts on the subject.
  13. Another big monthly fall in prices (down 2.4%) according to HBOS Similar numbers to the nationwides figures for last month (2.5%) ``The decline in prices is at risk of turning into a rout,'' said Malcolm Barr, chief U.K. economist at JPMorgan Chase & Co. who used to work at the Bank of England. http://www.bloomberg.com/apps/news?pid=206...&refer=home
  14. Whosthedaddy?

    GOLD

    California's new gold rush? It would seem that there is increasing public interest in the metal since it hit $1000 per oz the article suggests that much of the states gold remains undiscovered. http://news.bbc.co.uk/1/hi/world/americas/7378281.stm
  15. http://news.bbc.co.uk/1/hi/business/7374730.stm House prices falling now YoY - still some bulls (VIs) trying to talk up the market, nothing unusual there though. Think they're still in the classic denial stage. Seems though that the mainstream press are fully signed up to a falling market now.
  16. I think we can safely say the answer to the thread question is ....YES! The BBC report the recent HBOS figures show the biggest monthly drop (2.5%) since 1992 http://news.bbc.co.uk/1/hi/business/7336010.stm
  17. http://news.bbc.co.uk/1/hi/business/7317303.stm House prices continue to slide, surely the general public must now begin to see what's going on around them. but perhaps sadly not....my boss yesterday was telling me about his nanny and her boyfriend borrowing 4x joint salary to buy their first home, the best interest rate they could obtain was 5.8% on a £220,00 loan. Bonkers! But then since they are only in their twenties, they've only ever seen house price rises - no concept of a bear market. It's a real shame.
  18. Whosthedaddy?

    GOLD

    I also opened a spreadbet long gold today, nicely in profit at the moment - hope we keep going for a bit through $1000 ;-) Cant figure out why its taken a few days for the gold market to react to the 'free money' giveaway from that nice man at the Fed.
  19. Whosthedaddy?

    GOLD

    I dont understand why Gold didn't go through the roof at this announcement.
  20. Any opinions on the Market Vectors Gold Miners ETF (GDX). This seems to track the HUI pretty closely. I simply dont have the time/knowledge to research the juniors sufficiently or the cash to invest in 10+ companies. I figure buying an ETF of Gold Miners might be the better way to gain exposure. Whilst Im pretty well invested in Gold and Silver Bullion, I'd like to get some more leveraged exposure to these metals by way of equities. Does anyone buy this ETF? Or have any thoughts/comments
  21. Anybody watch last nights (08 OCt) Panorama on the BBC, called Sub-prime Suspect? http://news.bbc.co.uk/1/programmes/panorama/default.stm it followed a few unfortunate people and their sub-prime nightmares. People who essentially would never have qualified for a mortgage when sensible lending practices were in place. They now of course face repossions and a mountain of debt. The FSA seems unconcerned to vet the small-time dodgy mortgage 'advisers', who essentially cajole the financially unaware into ninja (no income, no job or assets) type loans that has allowed this flood of bad loans into the system. It was suggested that the UK is leveraged even more in the sub-prime area than the USA! One guy on an income of £20K pa had amassed mortgages to the value of £500K
  22. Whosthedaddy?

    Gold Comments : for 1st Half-2007

    I'm liking the slingshot idea Bubb! Though without the time to research miners, Im simply buying bullion. So each drop is just another oppourtunity to stock up. As Jim P is fond of saying 'backing up the truck'
  23. A quick comparison between Northern Rock and B&B Northern Rock Total Lending £33bn UK Mortgage Share 8.4% Percentage of BTL within residential lending 10% (no figures for self-certified loans) Percentage of residential loans 3 months in arrears 1.09% Reading between the lines of their annual reports, it seems they have perhaps a tighter lending criteria than B&B. Bradford and Bingley Total lending £45.4bn UK Mortgage share 4.5% Percentage of BTL within residential lending 58% (Self certified loans are 22% of total) Percentage of residential loans 3 months in arrears 1.30% Interestingly B&B have just bought £804million of loans from GMAC (subsidery of ResCap, a major lender in the USA) with the option to acquire a further £1.4bn - £4bn over the next three years. The GMAC website advertises itself as ' The leading non-conforming lender' sounds pretty sub-prime to me B&B seem to be concentrating almost purely on BTL and self certified loans (80% of their lending).
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