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Post by Sennockian69 on Aug 26, 2020 16:41:20 GMT
Those creatures of Jekyll Island up to their old tricks again.
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Post by Sennockian69 on Sept 6, 2020 11:59:53 GMT
Really!
Can't believe that the Fed owns shares in more the 22000 companies.
The world has gone nuts in 2020.
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Post by hongkongstone on Sept 7, 2020 4:52:50 GMT
How do you think the US stock market has continued it's upward trend despite the downturn in business during the CCPvirus? It's almost as if someone is directing it to improve their re-election prospects!
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Post by porkystone on Sept 7, 2020 5:52:06 GMT
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Post by Sennockian69 on Sept 8, 2020 14:05:29 GMT
QE to Infinity is the answer.
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Post by sword65 on Sept 8, 2020 14:44:15 GMT
QE to Infinity is the answer. Would prefer the QE2 to Barbados😁🌴🌴🌴
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Post by Deleted on Sept 15, 2020 4:08:13 GMT
After the parabolic run on Gold and Silver, we've had a nice pullback and consolidation. Although I would personally like to see Gold consolidate for a longer period of time, and drop down to $1800 an ounce in a flush out low, it doesn't look like that will happen, buyers keep coming in at around the $1915 level, mopping up any sell off. Now it looks like Gold is about to break out to the upside for it's next leg up in this bull market, and Silver looks like it is going to tag along. It would not surprise me if Platinum also decided to join the party at this stage of the game, at least to some degree.
Should precious metals be on the rise now, at current levels, my own immediate upside target for Gold is $2260 (with a little pause around $2120), and around the $35 level for Silver.
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Post by Deleted on Sept 15, 2020 7:59:45 GMT
An area of interest that will almost certainly come to the fore as precious metal prices rise in value, are some of the junior mining companies. They will probably start to look attractive acquisitions to the big boys like Barrick and Agnico Eagle. Which ones will be chosen is obviously difficult to determine. Although probably around 10% or so are what might be described as well-run companies, as precious metal, and commodity prices in general, rise in value, many of them will make large percentage gains regardless of whether they are well run or not, but might not become the attractive targets to send their share price into orbit. In these circumstances it can be a good idea to research individual companies and see who the major shareholders are - big names in the industry like Eric Sprott can provide a good starting point for selection.
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Post by porkystone on Sept 15, 2020 8:07:23 GMT
Which ones will be chosen is obviously difficult to determine. Although probably around 10% or so are what might be described as well-run companies, as precious metal, and commodity prices in general, rise in value, many of them will make large percentage gains regardless of whether they are well run or not, but might not become the attractive targets to send their share price into orbit. In these circumstances it can be a good idea to research individual companies and see who the major shareholders are - big names in the industry like Eric Sprott can provide a good starting point for selection. Best to take advantage of the price rise and sell for a modest profit rather than taking a punt on a bid which might never materialise...
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Post by Deleted on Sept 17, 2020 9:38:23 GMT
Which ones will be chosen is obviously difficult to determine. Although probably around 10% or so are what might be described as well-run companies, as precious metal, and commodity prices in general, rise in value, many of them will make large percentage gains regardless of whether they are well run or not, but might not become the attractive targets to send their share price into orbit. In these circumstances it can be a good idea to research individual companies and see who the major shareholders are - big names in the industry like Eric Sprott can provide a good starting point for selection. Best to take advantage of the price rise and sell for a modest profit rather than taking a punt on a bid which might never materialise... I see where you are coming from, and i agree with you that investing in a particular company purely in the hope that it will be taken over is not a good investment strategy. The only reason that I brought the subject up is only related to the outlook for precious metal prices, and how that will probably tempt the big boys into looking for easy pickings. If we assume that Gold will reach $4000 within the next three years (probably a conservative projection at this point in time), then some fully operational junior miners, or at least those that have already done the hard work, that are operating in favourable regions (Canada, USA, Mexico and Australia), and are extracting and processing, lets say, over 50 grams of Gold per tonne of ore, at a cost of $800 an ounce from rich streams, then the big boys are likely to at least take a look. So, in searching out suitable Gold mining companies to invest in, those with a good proven track record, good geologists, and are sitting on vast swathes of relatively easily extractable ore, within politically stable regions, are good potential candidates for investment, as long as one expects the price of Gold to rise. If the company is taken over in the future, it would be a very lucrative lucky bonus. You bring up an interesting point about profit taking. Profits should always be taken at some point. Money management is the only rule to investing, and the risk/reward balance should always be taken into consideration. Make rules for yourself and stick to them. The problem with many investors is that they do not know when to take a profit, usually it is because they have a fear of missing out on profits should the share price continue to rise. Just a suggestion, but one compromise is to take a quarter, half or three quarters of the profits at a particular value/s or percentage/s, and let the balance run, and bring your stop losses for your balance up to your buying price, or wherever you feel comfortable. Always use stop losses, and think about raising them as the price rises or the risk/reward balance changes, so if you are stopped out at a certain point, and the you know what hits the fan, you've still made a decent profit. The advantage to letting some of your investment run is that it will make you feel better about not missing out if the stock price continues to rise, and you still have the potential to catch additional profits if the company is taken over.
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Post by porkystone on Sept 17, 2020 9:45:46 GMT
Best to take advantage of the price rise and sell for a modest profit rather than taking a punt on a bid which might never materialise... Just a suggestion, but one compromise is to take a quarter, half or three quarters of the profits at a particular value/s or percentage/s, and let the balance run. Always use stop losses, and raise them as the price rises or the risk/reward balance changes, so if you are stopped out at a certain point, and the you know what hits the fan, you've still made a decent profit. The advantage to letting some of your investment run is that it will make you feel better about not missing out if the stock price continues to rise, and you still have the potential to catch additional profits if the company is taken over. Absolutely, nothing more satisfying than knowing you've made your profit but still have a small stake, some ' skin in the game ' . If that goes up itself then no worries, if it blossoms, happy days.
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Post by sword65 on Sept 17, 2020 10:40:09 GMT
I am happy as I found a £2 coin on the footpath yesterday which I invested in a punnet of strawberries and blueberries, delicious😋
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Post by Deleted on Sept 23, 2020 9:06:05 GMT
Well last week it looked like Gold was on the verge of breaking out to the upside to continue on it's bull market journey, then came the news that the big Banks are corrupt, and are laundering money for various nefarious organizations around the world. That was a surprise? Still it was enough to spook the markets, fear set in, and precious metals were sold off along with the rest of the market, except the $US and bonds.
I was hoping for a longer sideways/downward consolidation price pattern for Gold, and now it looks like it might now happen after all. Silver also dropped around 9%, happy days. The longer the consolidation price pattern is for both metals, the stronger and more secure the next upward leg should be. As long as there is not a broad stock market collapse, I am looking to see if Gold and Silver form basing patterns around $1800 for Gold and $22 to $23 for Silver.
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Post by Deleted on Oct 6, 2020 17:30:19 GMT
Anyone else tried Freetrader. I signed up a couple of weeks ago and think it works pretty well. Paying zero transaction fees obviously helps! Better than the thieving gits I was using stinging me a tenner a trade! Even got a free share in Codemasters which was nice if not particularly valuable! Referral link below if anyone wants to use it. Invest in stocks and ETFs commission-free. Sign up here with your email and get a free share worth up to £200 to get started. freetrade.io/freeshare/?code=WZVZEW7QS0&sender=nMuPs8FN
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Post by Deleted on Oct 30, 2020 10:57:47 GMT
Is this the future? If so it is quite a heads up. I haven't done any research on this guy yet (Raoul Pal), but his perspective of the future is interesting, I would be interested to hear the views of anyone out there that has some experience of the crypto world, and their view on the way it seems to be developing going forward. www.youtube.com/watch?v=qL2LfVRl3J0Update - I just checked out his first uploaded Youtube video from 5 years ago in which he outlined his view on what would likely happen to different markets going forward. Checking on the updated charts, it turns out that his predictions were sound. My initial view is that he knows what he is talking about. www.youtube.com/watch?v=JK_cc_1UNT0
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