I agree Ex I am expecting a nasty shock at some time. I have been intrigued for a while about the banks in the U,K, sending postal reminders that the Financial Services Compensation Scheme (FSCS) covers only up to £85k of savings.
Debt levels are at extraordinary levels around the globe and people receive virtually no interest on savings.
It seems a particularly dodgy mix to me just hope I am wrong
The weakening of the $ is deliberate because all the other ones are weakening, that’s all.
It’s a race to the bottom of the ugly sisters.
US doesn’t want export’s to rocket which they would.
You just trade it when risk looks good. ; )
One of my UK stock plays, has recently published an update on its assets.
The company is winding down and returning assets to shareholders.
The most recent disclosure appears to make the US$ NAV around $3.87
The fly in the ointment is recovery of an investment made into Princeton
If you assume a total loss on Princeton (unlikely IMHO) the Nav reduces to $2.94
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RDL/14296710.html
The current share price is GBX 211 which is fractionally less than the scenario with total loss on Princeton. Therefore, if you are feeling brave, the maximum possible win is in excess of 40% if you buy now; and with a Princeton total-wipe-out it is only a 7% gain.
There is also currency exposure risk, the figures above are using GBP = US$1.3
The company continues to receive income from its investments and is periodically distributing the income using dividend payments. The last dividend payment was quite recent so another dividend is unlikely this year unless it is a capital distribution payment.
Here is an earlier asset-list update which includes details on the Princeton holding.
Don’t bet the farm…
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RDL/14279378.html
What on earth gave you that idea?
I’m still buying the dips in both gold and silver
Did you know that most all CB’s are now buying gold, for the first time in many years
https://www.kitco.com/news/2019-10-14/In-gold-we-trust-Dutch-National-Bank-prepares-for-economic-doomsday.html
The price has dropped…
I wonder why the individual European countries are buying Gold?
The Dutch National Bank now owns US$28bn ( at $1450/oz. )
You only need to watch the first couple minutes - the rest is a PR job.
Silver is now used extensively in electronics assembly and manufacturing. The same thrust which removed lead from gasoline (added as a valve-seat lubricant, but happened to also improve gasoline combustion performance) has removed it from solder. The replacements were various alloys using tin and silver with a few trace elements as chemists tried to achieve eutectic mixtures that matched the tin:lead solder melting point.
From what I heard, gold and silver are always good to have.
Paper money can crash overnight.
When you have gold, it’s good to have it in coin-size for acquiring the necessities of life such as food when currencies have lost all the trust and values.
A German economist also suggested hoarding cartons of cigarettes.
Why?
Because they are light and there are always people who want tobacco no matter what price. Good way to exchange it with food when push comes to shove.
The engineered crashes won’t last for years. Only for months max., until the dust settles.
FOMC meeting minutes will be published Weds at 7pm GMT - and gold/silver have been smashed - same old same old - might be a good time to add to your stash soon.
Hi Folks hope trading is going nice and steady for everyone. 
Hi Stu, I am on target to make enough from FX to pay my tax bill … which is a first !
Hey great Ex we all know Rome didn’t build itself in a day !
After the ESMA ruling comes … THE LABOUR PARTY !!
Corbyn is the moderate one. If he gets in, he will soon be gone, replaced by hardcore Marxists and there will never be an election again.
September last year I funded my spread betting account with a small stake.
By the end of the year, IIRC, I was down 25%
With some serious self-instruction ( 
) I was back to break-even a few months later.
Then came ESMA … I tripled my stake just to keep the account functioning.
Then a couple of months later I doubled it again, so now six times what I started with.
To those who recommended moving to a different IG base station, I think the fact that I also have a shares investment account with IG makes that difficult. However I might do something about that if other horrendous charges that have been aired recently come into effect.
So last night I closed my UJ position which I have been nursing since May. The carry has not covered all the loss, but more than half. I closed this position because I wanted a stake-in-the-ground, zero open positions on my account, and because I slightly surpassed my short term goal of making enough to cover my tax bill.
I am up ~12% on my current enlarged stake.
Or ~24% on my post-ESMA amount which actually was enough to get to where I am today, and on that basis I shall continue to try to make more than 12% over the next year.
Happy Thanksgiving … 
