UK 15:43 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If you missed Gold & Bears you missed a fun day out. I will think more about it and what comes next over the next few days. What I am certinly going to ensure is that UkInvestorShow on April 30 is a blow out event. After that we will see what happens next but book your seats now HERE. The key themes for me ae that I am increasngly drawn to mining stocks ( and I name 2), the new attitude to bears and takeaways from my tech session and other key shorts. And why fund managers are far from certain to beat you and I in the markets. Thank you for all the kind emails and tweets from those who attended.
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Comments
Matt
Tom,
I know that you follow guys like Eric Sprott, Rick Rule, Doug Casey, Mike Maloney et al, they have put forward a good case that before the PM market picks up there will be a significant deflationary period which we have not yet experienced, we are on the cusp of this period. During this time the $USD Index and US Treasuries will surge higher and paper assets in particular will deflate, including PM’s. The paper price of Gold could trade to $700 an oz, but the physical price may well remain over $1000. It is also interesting to note that for every ounce of Gold traded on the Comex there are currently 293 claims. Are the Comex vaults nearly empty? What will happen when a number of players ask for their Gold to be delivered and they are told that they will have to settle in cash?
The rate rise next month, if it goes ahead, may be short lived just to save face. What’s equally likely are negative interest rates and more QE following this deflationary pop…
VINES
gold & bears, cant see that name catching on. comic con works cos its simple, AIMcon? this show really about gold & shorting or was it a platform for AIM crappies to hock their wares
Millfield
I have been a shareholder of POG for a couple of years, and so when some months ago the rights issue at 5p was announced, I initially subscribed to take up my full entitlement. However, I then read your diatribe against Peter Hambro, and your description of POG as a stock which should not be considered for investment. Having had great respect for your opinions to that point, I cancelled my orders and allowed the rights to lapse.
Are you now suggesting that the shares are a buy at 5.64p? If so, what has changed your opinion between March of this year and the point at which you considered POG no longer a “barge pole”?.
Tom Winnifrith
Vines
You were not there so missed some amazing talks. Your loss.
Millfield
Still think Hambro made awful errors. But prepared to admit post bailout that investment case good.
http://www.shareprophets.com/views/15834/buy-petropavlovsk-at-647p-target-price-to-sell-within-3-years-19p
t
Woody44
Excellent conference! Well done Tom and his team.
Jimbo
A DXY now over 100 is unlikely to be good for Gold short term. However, this may result in the Fed bottling out of the December rate rise (Gold Positive in my view), or watering a rise down with so much language along the lines of “Hey Guys, we are data dependent so it will be a long time before we tighten further”, that it may be Gold Positive. Possibly it causes so much chaos in Emerging Markets that Gold ends up rising alongside the USD as a safe haven asset. We’ll just have to wait and see. The only thing I feel certain of is any Fed rate increase will be ephemeral in nature and they are unlikely to follow through with further increases next year precisely because of the strength of the USD and the deflationary forces this has already unleashed upon the World Economy (crashing oil price anybody?). If the USD bull run continues into 2016, I feel it’s a matter of time before the Fed go for further stimulus; likely to be on a scale that dwarfs anything that’s been done so far.
We live in interesting times…
The Elephant
All quiet on Nuna/Worthington following announcments.
Why is nobody asking WHY Nuna/GMM would buy Worthington and how will they get past the bogus and lack of accounts issue? Would the Greenland goverment be pleased with them spending tens millions on a company like Worthington just so the directors and co can get a payday?
Lots of questions to be asked, none of which are mentioned on any bulletin boards.