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Background:   The markets wobbled a little in October before recovering. Concerns about a mounting trade war between the US and China dominated the news. China threatened to restrict the export of rare earth metals. The US, despite its best efforts, is a long way off from reducing its dependence on rare earths from China. In any case, Trump and Xi reached a compromise. The broad details included China agreeing to buy US soybeans and reducing its restrictions on the export of

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International Petroleum (TSX: IPCO, Market Cap C$2.5bn (£1.35bn). Share price C$22.70 (1229p). 4.7% of JIC Portfolio). (In the portfolio view in my Investment Diary, I show the share price converted to sterling).   Q3 results   The full statement can be found HERE   Conclusion: I particularly like the Grok AI one liner: “Blackrod early = bigger, sooner cash; buybacks + hedges = downside protected upside.” Not much to add to that. Production was ahead of guidance, costs below

I have attended this a few times in the past and am looking forward to this year's event on Friday. I have found it a worthwhile investment of my time. It includes excellent speakers and panels, covering a host of relevant topics. If you are free on Friday and willing to travel to Aldersgate, you can buy a ticket with a 20% discount HERE Please use code JICUK20 at checkout. More details and the schedule can be found HERE

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Admittedly, it's only four prior instances! The Federal Reserve cut interest rates. Will the Bank of England next Thursday? The JIC Portfolio was up 0.2% last week, while the FTSE All-Share was up 0.5%. YTD, JIC Portfolio is up +19.6%, All-Share +20.9%. The Funds' Portfolio was down 0.6% last week, while the FTSE All-World (GBP) was up 1.7%. YTD, Funds' Portfolio is up +25.2%, All-World (GBP) +16.0%. Performance of JIC and Fund Portfolios' holdings over one week (Lundin Minin

Coinbase Global (COIN; NASDAQ. Market capitalisation: $88.4bn, $329, 2.0% of JIC Portfolio. www.coinbase.com/en-gb/about Conclusion: I didn't buy the shares for a short-term reaction to a quarterly trading update. I bought due to the structural changes occurring in financial markets, to which Coinbase is integral. Having said that, it's good to see it had a robust Q3. Happy Holder! What better way than to ask Grok to summarise the main points and the analysts' reaction? Key

Q3 results are after the close this evening. We will find out if these three recent price target upgrades were on the money or not! For reference: current price $337.

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www.lunrroyalties.com/#lunr-shareholders It is good to see my NGEX shares being valued in my HL SIPP. Almost as good is to see the LunR shares also showing. They are valued at zero as the shares are not yet listed. I understand it might be six weeks before that occurs. It will be fascinating to see what they are valued at. How much of a "Lundin" premium will be built into the share price by the market? We will have to wait and see. In the meantime, the website gives a clue a

NGEx Minerals (TSX: NGEX, Market Cap: C$4.9bn (£2.7bn), C$22.3 (1239p); currently 7.7% of JIC Portfolio). (In the portfolio view in my Investment Diary, I show the share price converted to sterling)   www.lundingroup.com www.ngexminerals.com Conclusion: The share price fell more than 10% on Monday. I guess that some investors who had bought to get more LunR shares ahead of the cutoff date sold some of their NGEX shares when they had effectively gone ex-the spinoff. Anyway, th

Xtrackers Artificial Intelligence & Big Data ETF (XAIX) I have increased my exposure in both portfolios to 7.5%. As I said in my last post, " I can't help feeling that we are building up to a strong run in global equities into the year-end. A continuation of what we have seen in the last week. U.S. interest rates are on the way down, and Trump seems to be signing trade deals left, right and centre. An agreement with China, whatever that means, will be welcomed by markets." I

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(Click the Photo of the tow interviewers)

Some relief on the inflation front on both sides of the Atlantic. In the UK, September inflation was 3.8%. No change from the previous month, but better than the 4.0% forecasts. In the US, inflation was 0.1% less than forecast. Gold's Tuesday wobble did not help my two portfolios. The JIC Portfolio was up 2.5% last week, while the FTSE All-Share was up 3.2%. YTD, JIC Portfolio is up +19.3%, All-Share +20.3%. The Funds' Portfolio was down 0.2% last week, while the FTSE All-Wor

Bloomsbury Publishing (BMY.L, FTSE 250, Mkt cap. £396m, 488p and 4.2% of the JIC Portfolio.   www.bloomsbury.com   H1 results for the six months ended 31 August. Full results can be found HERE   Conclusion: It was up against a difficult comparative given a strong H1 in the consumer division last year - the timing of Sarah J Mass's new romantasy releases is important. Against a difficult background, the results are commendable, with margins impressing at 15%. It expects to del

Gold and gold miners had a terrible day yesterday, giving up much of the gains of the last few weeks. Mr Hindsight tells me I should have sold my positions on Monday. I can't argue with that. For what it's worth, I think this is a "shakeout" within a bull market. There was a lot of profit to be booked, and it seems that the run-up over the last few weeks sucked in a lot of new speculators, some probably using leverage. Once the price starts to fall, it does not take much to

I received a message from Hargreaves Lansdown yesterday:

Recently, I transferred my ISA from HL to Interactive Investor. The switch went well and I'm happy with Interactive Investor's service. I have now initiated the transfer of my SIPP. Two reasons: First, I was becoming increasingly frustrated that HL would not allow me to trade some stocks that I wanted to. HL stipulates that they must settle on Crest. Frontline is just such an example. I can't trade it on HL, but I can on II. Second, costs. I will save a not inconsiderable amo

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Volatility as measured by the VIX - it tells you what's happened, not necessarily what will happen!

My Nuance hearing glasses EssilorLuxottica SA (ELP, CAC 40, Market Cap €141bn, Price €307.75p (£267), currently 3.3% of JIC Portfolio) https://www.essilorluxottica.com/en/ Full results HERE Conclusion: Impressive revenue growth boosted by the new Meta glasses and Nuance hearing aid glasses, of which, as you know, I'm a huge fan, having acquired a pair in June. My feeling is that we are early in the foothills of what will be strong growth over the coming years. Essilor has sto

NGEx Minerals (TSX: NGEX, Market Cap C$5.3bn (£2.9 bn) C$ 25.65     (1362p) currently 8.5% of JIC Portfolio). (In the portfolio view in my Investment Diary I show the share price converted to sterling)   www.lundingroup.com www.ngexminerals.com     NGEX announces the effective date of the LunR spinout and a beefing up of the Board and management team.   Conclusion: The effective date before which holders of NGEX shares will receive ¼ of LunR share for each NGEX share held is