AFF Member Stock Discussion

[cove]

Disney World is near Orlando so no it is not adjacent to the coast. Our little granddaughter thinks of Disney as Mickey’s House. I used to go to Orlando as we had a supplier there.
Interest rates in the US are rising.

 

[Quickstatus]

Looks like all condos in Florida are affected since the building collapse not just those within a certain distance of the ocean
- they must have adequate repair reserves and cannot kick the can down the road like they used to

I note QF is taking their A380 from the transpacific routes and putting them onto the SYD-SIN routes.
Perhaps travel into US has declined.
I remember when we visited Mickeys House years ago, there were a lot of Condos in the Kissimmee area for Shortstay rental

US Bond selling apace pushing yield beyond 5%.





10 year US bond Yields up and up from massive sell offs.

 

[cove]

Today NUZ got a lift with an update on their ALS trial program. Worth a read.
Some European nations have been moving their gold reserves out of the US. I do hope Australia has its gold reserves in Australia.
Japan’s currency has slumped but we wouldn’t go there in the hot sticky month of September.

 

[Major]

Australia's actual gold of our reserve is held in the Bank of England in London

 

[moa999]

Australia's actual gold of our reserve is held in the Bank of England in London

What's left.
We sold most of it back in 1997 at US$306/Oz raising $2.5bn. Today worth about 15x that

 

[cove]

Thanks for those updates @Major and @moa999 as I wasn’t across our smaller gold stash being in the UK.
Now we might get one or two interest rate hikes from our Reserve Bank so that might give our $AUD wings.

 

[cove]

We are heading to Sydney tomorrow to get ready for an AFL football match.
The ASX futures are up a bit but the prospect of interest rate hikes is keeping our Australian share market quite subdued..
I picked up some Atlas Arteria at almost 70 cents less than the $5.10 takeover bid. Quite happy to have sold and then can buy them back.

 

[cove]

We are going to Melbourne for the AFL Grand Final this week.
Started to nibble at SPZ which is Smart Parking.
To help fix Australia’s problems I think it is high time to let pensioners work without losing their pension to help make Australia more productive.

 

[SydneySwan]

@cove is it Wharfie Time for the stock market yet?

 

[cove]

We are all hoping for Wharfie Time in Melbourne next Saturday. We couldn’t fit everyone in our place.
Interest hike may affect some property stocks even though they hedge.
Oil prices are worse than interest rate hikes.

 

[prozac]

One of the gold stocks I hold, Northern Star Resources Ltd (ASX: NST), "confirms that it received, considered and rejected a ... proposal from Gold Fields Limited" Price up 10% on opening. Might be more gold stocks in play.

 

[RSD]

Anyone here holding Southern Cross Gold Consolidated - SX2 ? A mining guy pointed them out to me while we were waiting for a delayed QF flight recently. I've started to look into them, not easy to try to put a value on them as they are still drilling out what appears to be a massive gold find.

 

[prozac]

Anyone here holding Southern Cross Gold Consolidated - SX2 ? A mining guy pointed them out to me while we were waiting for a delayed QF flight recently. I've started to look into them, not easy to try to put a value on them as they are still drilling out what appears to be a massive gold find.

Is the resource in Canada?

I am treading water with Nordic Resources (asx:nnl) which I believe is on a winner in Finland.

 

[cove]

Well @RSD that is one that we have watched and watched but never bought.
Instead we have lots of Genesis which is GMD.
This weekend I studied Generation Development which is GDG. On Friday GDG rallied from a years low.
For those thinking about shorting I am thinking Fortescue which is FMG could get hit.
Took a placement in OD6.

 

[RSD]

Is the resource in Canada?

No - company is dual-listed ASX + Toronto, but resource is at Kilmore, 60 km north of Melbourne - hard to believe that it has gone undiscovered until now.

I am treading water with Nordic Resources (asx:nnl) which I believe is on a winner in Finland.

Should be a sensible place to mine with low sovereign risk - which ticks a huge box for me - hopefully it will work out well!