Articles by: NIGEL SOMERVILLE

EPIC
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The View From The Montana Log-Cabin As Gold Continues to Drift

Another week, another slip in the Gold price: it closed this week at $1813, down from $1827 last week. But as real yields rise, Jordan Roy Byrne of TheDailyGold.com comments that one might have expected Gold to show rather more weakness than it has – especially with the US Dollar still on the rise. That it has not fallen off a cliff suggests that the market is already sensing an abrupt reversal of course by central banks.

  • By Nigel Somerville
  • 2022-07-03 14:33:40
EPIC
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Five Slam-Dunk Sells For 2022 – (Nearly) June Update As Gravity Takes Its Toll

Having reached the halfway point of the year, it is time to look once again at my five slam dunk sells for the year. At the end of May the scores were 3 down and two up. Has there been any improvement? The not-so fabulous five were Tern plc (TERN), URU Metals (URU), Barkby Group (BARK) and Trafalgar Property (TRAF) of the AIM Casino and AIQ (AIQ) of the sub-Standard list.

  • By Nigel Somerville
  • 2022-07-03 14:24:31
EPIC TSP
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TruSpine Updates On Whereabouts Of Mr Godot (...or not)

He was coming by the end of 2020. Then he was going to appear during Q1 2021. Then Q2 2021. Then by the end of the year. And then by the close of Q2 2022 – ie yesterday…….and surprise, surprise, he hasn’t come. But he is most certainly coming tomorrow. Honest, guv’.

  • By Nigel Somerville
  • 2022-07-02 10:31:07
EPIC AAU
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Ariana – 2021 Full Year Results

AIM-listed Ariana Resources (AAU) has released its FY21 numbers this morning – and not a day too late! The highlight for me is the cashpile of £16.4 million at year-end: no funding worries here, then, and the final tranche of the special dividend arising from the part sale of Ariana’s Turkish assets is due on 3 October. But there is much more than that!

  • By Nigel Somerville
  • 2022-06-29 12:57:49
EPIC
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The View From The Montana Log-Cabin As Gold Drifts Lower (For Now)

Gold finished the week at $1827 – down a little from $1840 a week ago as the divergence from the general stock market continues. Of course, I view stock market strength as…..ahem……transitory, to coin a phrase, so if Gold is diverging that is good news for Gold Bulls. If only this final roll-over would hurry up!

  • By Nigel Somerville
  • 2022-06-26 14:54:49
EPIC
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The View From The Montana Log-Cabin As The Fed Hikes Rates And Gold Goes All Over The Shop

Gold finished this week at $1840 – down from last week’s $1872, but a good recovery from the drop to test $1810 in the wake of the Fed’s rush of blood in raising interest rates this week by 0.75%, accompanied by the suggestion that we could be in for the same again at the next meeting. The Fed wants us all to know that it is taking inflation very seriously. Very seriously indeed.

  • By Nigel Somerville
  • 2022-06-18 11:40:13
EPIC CDL
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Sub-Standard Listed Cloudbreak Discovery – As Predicted…..

I cannot help but notice that sub-Standard-Listed Cloudbreak Discovery (CDL) is back below its IPO price of 3p, at 2.8p in the middle. Call me Mystic Meg – for having sailed up as high as 13.25p on a ridiculous ramp, I commented in April that the shares have since drifted down to just 4.6p and seem set to drop back below the IPO price in due course. Where’s my Ouzo?

  • By Nigel Somerville
  • 2022-06-11 21:21:52
EPIC
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The View From The Montana Log-Cabin As Gold Shows Signs Of Decoupling

Gold finished the week at $1872, nicely up from last week’s $1851, following a day of yet more bad US inflation numbers and a corresponding sell-off in both equities and bonds. Gold initially followed the market down, but then rallied. Is this a sign of a decoupling which would see the yellow metal head sharply north as equities head the other way?

  • By Nigel Somerville
  • 2022-06-11 19:51:09
EPIC RUTH
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BREAKING: Neil Woodford Disaster Rutherford Health To Be Liquidated: £240m Down The Drain

Rutherford Health (RUTH), the former Proton Partners which listed at what was always a joke price on the Aquis (then NEX) lobster-pot, backed by a Woodford promise which cost his investors another £80 million, has finally admitted the game is up. It is to be liquidated. That’s around £240 million down the drain. This is a crime and you know who the main criminal is. 

  • By Nigel Somerville
  • 2022-06-06 12:36:04
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