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Right.

As I have noted in my Diary, there have been several attempts to put in a Low on Gold,

but they have proven to be "one day wonders" with no follow-thru.

 

This is destroying confidence remains in Gold-bulls, and potential gold bulls

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  • 2 weeks later...

Untitled.png

 

Just an observation. The SP500 - one of the biggest stock markets in the world, and my barometer for all other stocks, is having trouble getting away from the 2000 point area. It could other either way, up or down, quite spectacularly. Through most of 2015, it has been acting like a coiled spring.

 

If we look the sister index, the NASDAQ, it looks better at getting away from the 5000 point area. If the NASDAQ leads the SP500, then I would be bullish.

 

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Another Brit in trouble.


hayes_3325824b.jpg


Convicted Libor trader Tom Hayes: the self-confessed scruff 'not motivated' by money

....

Despite raking in millions in wages and bonuses, the maths graduate was a self-confessed scruff, who still had the same superhero duvet cover on his bed he had had since the age of eight.

While his hedonistic banker colleagues in Japan partied hard with vintage champagne, Hayes preferred to drink cocoa, earning himself the nickname Tommy Chocolate.



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Another Brit in trouble.
hayes_3325824b.jpg
Convicted Libor trader Tom Hayes: the self-confessed scruff 'not motivated' by money
....
Despite raking in millions in wages and bonuses, the maths graduate was a self-confessed scruff, who still had the same superhero duvet cover on his bed he had had since the age of eight.
While his hedonistic banker colleagues in Japan partied hard with vintage champagne, Hayes preferred to drink cocoa, earning himself the nickname Tommy Chocolate.

 

 

I don't think he will do well in prison, with the name: "tommy Chocolate"

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usdrub.png

 

Is the USD to Russian rouble about to go parabolic? The key area is 70 Roubles to 1 USD - this might mean the collapse of Russia?

 

An inverse function of Oil prices?

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An inverse function of Oil prices?

 

I see that the market views Russia as commodity dependent, so yes if oil goes down, Russia's backing of it's currency and economy looks more shakey. I would like to know if there are any big holders of Roubles - perhaps China? Would they dump their holdings to prop up their own markets, and buy USD to keep their Yuan down? I think we'll find out before this year is out.

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One for reference.

 

Chipperfrd's gold stock list (UK) http://uk.advfn.com/cmn/fbb/thread.php3?id=21909943

 

Table 1: I will update the following table on a regular basis. Please excuse errors and omissions. Table is ordered by stock EPIC code on the LSE!
Last revision 21/8/15

EPIC ... £m ... Moz .. AISC . $/Roz .... g/t ... Prod? ... $/t .. MC/Res . Margin
AAU ... 5.8 .. 0.80 ..... - .... 12 ... 1.50 .... ???? .... 56 ..... 17% ...... -
AAZ ... 5.3 .. 0.93 .. 1597 .... 9 ... 0.78 .. 48,000 .... 29 ...... 5% .... 31%
ACA ... 1086 . 30.11 .. 1213 .... 58 ... 2.70 . 703,680 .... 101 ..... 32% .... 12%
AGQ ... 7.7 .. 1.93 ..... - ..... 7 ... 2.43 ....... 0 .... 91 ..... 12% ..... 0%
AMA .... 35 .. 8.22 .. 1200 ..... 7 ... 1.53 .. 41,227 .... 57 ..... 10% .... 15%
ARS ... 1.1 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... - ....... - ...... -
AUE .... 83 .. 2.14 ..... - .... 63 ... 3.50 .... CY15 ... 131 ..... 76% ...... -
AUM ... 2.6 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
AUR ... 1.2 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
AVM ... 7.4 .. 7.50 .. 1412 ..... 2 ... 1.53 .. 87,425 .... 57 ...... 2% ..... 1%
BMZ ... 0.0 .. 0.33 ..... - ..... 0 ... 8.50 ....... - ... 317 ...... 0% ...... -
CEY ... 728 .. 7.70 .. 1021 ... 153 ... 1.11 . 375,300 .... 41 ..... 95% .... 23%
CGH .... 20 .. 5.29 ..... - ..... 6 ... 3.05 .... CY16 ... 114 ...... 5% ...... -
CGNR .. 1.9 .. 0.60 ..... - ..... 5 ... 1.60 .... CY16 .... 60 ...... 7% ...... -
CMCL ... 22 .. 0.46 ... 887 .... 76 ... 3.88 .. 42,927 ... 145 ..... 54% .... 27%
CNG .... 60 .. 5.01 ..... - .... 19 ... 2.66 .... CY15 ... 162 ..... 17% ...... -
CNR .... 21 .. 2.37 ..... - .... 15 ... 3.50 .... CY16 ... 131 ..... 19% ...... -
CRND . 10.0 .. 2.76 .. 1972 ..... 6 ... 1.77 .. 10,812 .... 66 ...... 5% ... -52%
EUA ... 7.7 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... - ....... - ...... -
FRES . 5022 . 60.44 .. 1250 ... 135 ... 0.78 . 1180000 .... 29 .... 140% .... 23%
GAL .. 12.2 .. 0.33 .. 2200 .... 60 ... 7.00 ... 2,000 ... 261 .... 102% ... -54%
GBGR ... 50 .. 5.32 .. 2019 .... 15 ... 5.34 .. 27,959 ... 199 ..... 18% .... 17%
GDPicon1.png ... 3.6 .. 0.93 .. 1382 ..... 6 ... 2.39 .. 20,000 .... 89 ..... 9% ... -10%
GGP ... 0.6 .. 0.09 ..... - .... 10 ... 0.00 ....... - ..... - ..... 37% ...... -
GRL .. 9.6 .. 0.29 ..... - .... 53 ... 1.77 ....... - .... 66 ..... 47% ...... -
HGM ... 158 . 11.11 ... 987 .... 23 ... 3.60 . 258,937 ... 134 ..... 17% .... 43%
HOC ... 285 . 18.56 .. 1750 .... 25 ... 3.70 . 360,000 ... 138 ..... 18% .... 14%
HUM .... 15 .. 3.89 ..... - ..... 6 ... 1.56 .... CY16 .... 58 ..... 8% ...... -
KEFI .. 8.4 .. 2.11 ..... - ..... 6 ... 2.51 .... CY16 .... 94 ...... 6% ...... -
KGI ... 153 .. 4.48 .. 1106 .... 55 .. 16.55 . 154,172 ... 618 ..... 43% .... 31%
KGLD .. 1.5 .. 0.20 ..... - .... 12 ... 1.84 ....... - .... 69 ..... 11% ...... -
KIBO .. 6.7 .. 0.80 ..... - .... 14 ... 1.20 ....... - .... 45 ..... 39% ...... -
MARL . 16.6 .. 1.48 ..... - .... 18 ... 11.20 ....... - .... 418 ..... 17% ...... -
MIRL .. 8.9 .. 3.09 .. 1399 ..... 5 ... 2.16 .. 22,000 .... 80 ...... 5% ... -14%
MML .... 58 .. 2.59 .. 1141 .... 36 ... 7.20 . 100,000 ... 269 ..... 43% .... 55%
MTL .... 60 .. 1.39 ..... - .... 70 ... 1.69 .... CY15 .... 63 ..... 44% ...... -
MWA .... 15 .. 4.07 .. 2085 ..... 6 ... 2.48 .. 64,000 .... 93 ..... 8% ..... 0%
NMG ... 1.1 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
NYO ... 0.3 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
OMI ... 5.2 .. 0.78 .. 1326 .... 11 ... 2.99 .. 53,838 ... 112 ...... 7% .... 26%
ORE ... 1.0 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
OTC ... 1.4 .. 1.33 ..... - ..... 2 ... 1.75 ....... - .... 65 ...... 1% ...... -
OVG ... 4.8 .. 0.00 ..... - ..... 0 ... 0.00 ....... N ..... - ....... - ...... -
OXS .... 14 .. 3.67 ..... - ..... 6 ... 3.23 ....... - ... 121 ...... 7% ...... -
PAF ... 142 .. 4.50 .. 1175 .... 51 ... 7.50 . 180,000 ... 280 ..... 56% .... 10%
PGD .... 15 .. 1.66 .. 1104 .... 15 ... 2.63 .. 27,868 .... 98 ..... 14% ...... -
PGL ... 5.3 .. 0.34 ... 972 .... 26 ... 1.39 .. 21,000 .... 52 ..... 26% .... 47%
PML ... 1.4 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
POG .... 12 . 25.06 .. 1444 ..... 1 ... 1.12 . 595,400 .... 42 ...... 1% .... 25%
POLY . 1890 . 13.91 .. 1034 ... 220 ... 2.20 . 1372000 .... 82 ..... 70% .... 25%
RRS .. 3912 . 27.76 ... 726 ... 228 ... 3.84 1,134,941 ... 143 .... 191% .... 37%
SAV ... 2.8 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
SGZ ... 2.7 .. 0.28 ..... - .... 16 .. 13.10 .... CY16 ... 489 ...... 11% ...... -
SHG .... 21 .. 1.70 .. 1227 .... 20 ... 5.30 .. 87,758 ... 198 ..... 15% .... 17%
SMA ... 0.6 .. 0.37 ..... - ..... 3 ... 1.20 ....... - .... 45 ...... 9% ...... -
SOLG ... 12 .. 0.46 ..... - .... 41 ... 1.00 ....... - .... 37 ..... 58% ...... -
SRB .... 25 .. 0.74 ..... - .... 54 ... 6.34 .... 1H15 ... 237 ..... 79% ...... -
STG ... 2.8 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
STI ..... 9 .. 0.87 ..... - .... 17 ... 1.50 ....... - .... 56 ..... 27% ...... -
TGL ... 1.1 .. 0.00 ..... - ..... 0 ... 0.00 ....... - ..... - ....... - ...... -
TSG .... 12 .. 1.14 .. 1259 .... 16 .. 12.58 .. 28,000 ... 808 ..... 14% .... 60%
VAST . 16.0 .. 4.30 ..... - ..... 6 ... 2.00 ....... - .... 75 ...... 8% ...... -
VGM ... 7.9 .. 4.20 .. 1654 ..... 3 ... 6.16 .. 38,000 ... 230 ...... 2% ... -31%


Avg ... 224 .. 4.61 .. 1353 .... 27 ... 3.00 ....... . ... 149 ..... 31% .... 14%


£m ~ Market Cap at latest update
Moz ~ Tot attrib JORC/NI43 resource (may incl AuEq oz for polymetallic deposits)
AISC ~ All-In Sustaining Costs of production
$/Res oz ~ value per attrib resource oz in US$.
g/t ~ Grade in Troy grammes per tonne Au (or AuEq)
Prod ~ 4x last quarter's production - or the estimated start year
$/t ~ calculation of in-ground value for gold + other metal credits per tonne ore
MC/Res ~ market cap as a % of resource value
Margin ~ % operational gold margin on sales

 

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The one's in bold are for my reference, and does not highlight anything in particular.

 

I also remember Medusa mining which did a 10+ bagger in the last bull run - unfortunately it is not listed in the UK, but you can buy it on the ASX. Current market cap $109m

 

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Jim Rogers was right. China are going through what the USA did in the roaring 20s:



This is from WIKI - Dow crash


800px-1929_wall_street_crash_graph.svg.p


350 - 200 = 150


150/350 * 100 = 42% drop



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5000 - 3500 = 1500pts


1500/5000 * 100 = 30% drop.


The Shanghai had a pause for breath, but if we take the peak to now:


5000 - 3000 = 2000pts


2000/5000 *100 = 40% drop!

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