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Good morning Eish - I am happy to say that I sold out ACA on Friday with a good profit (got worried about a possible freezing of share dealing or GoT takeover of the mines) - I may day trade it if they get an agreement end of June with the GoT. I was waiting for the massive rights issue on Petra Diamonds (PDL) to go through and last week put £40K in when the SP plunged downwards - sold at 12% profit so I am happy with that side bet - PDL worth watching next week for another trade (the GoT is holding a huge packet of PDL diamonds and blackmailing the company like they are ACA - but PDL has lots of other assets to fall back on so will be a good buy when the dust settles). I think next week will be volatile across the SM as Trump progresses his trade war with the world but PMO and HOC might see their SP`s rise a bit . PMO joins the FTSE 250 tomorrow - so may get a boost and then the crunch point is 12th July for the first major trading update since their flagship Catcher came fully on line - if properly worded the RNS should boost the PMO SP. A lively week ahead - so I have HOC - PMO - PDL and also GEMD (Lesotho mine with mega size diamonds now being produced and sold) on my radar Regards and GL with your own plans.
Bonkers, thank you for your most interesting explanation and point of view. No doubt, the s--t will hit the fan at some point in the near future. So many possibilities! But, at the moment being in PM's really sucks! it's hard with all this manipulation.
Afternoon. The trade wars is just chaff and flares for consumption by MSM and PIs. The reailty of what's going on behind the scenes, such as JPM owning the PMs market and the long term plan for the Dollar, is some way from being fully realised but we're probably 3/4 of the way through it by now. We're in a period of big FX/bonds manipulation and that too will be part of the real picture we all eventually wake up to one morning/evening. Back in the day, as some of you will know, some Yanks tried to corner the silver market and had their butts handed to them but that's when the likes of the SEC/FCA and governments still had a say. They don't anymore of course and there most certainly will not be any intervention into the manipulation as it'll be deemed of "national security" importance. When the real players ("bankers", in/visible 1%) have shifted enough of their assets/money into the right places (West > East for starters, much of it via USD/JPY I shouldn't wonder) then we'll start to see the real picture but that could be a while away yet and I can well imagine that the coming years may be amongst the most volatile many will ever have seen as the financial tectonic plates shift towards that new reality in jerking swings. QE ended 6-9 months ago and that was the end of the (very long) beginning of course and everything that's followed since will be to further their main objective following the big Pump. The Dump will show itself over time whilst this humongous cycle plays out and will be overlapped by the new PMs up-cycle. The manipulation that sent gold up to c$2k some years ago was the preface to the indices pump and helped fund everything that's followed whilst marking future targets for the second PMs pump when they're ready. Until then they'll carry on doing what they're doing but it WILL end/reverse at some point and none of us will be in any doubt as to when it does. Someone, somewhere will simply throw the switch and that will be that. It's well known that the Yanks refuse to let Fort Knox be audited - there's only two possible reasons for that: A/ The gold has gone, including that of other countries B/ There's now so much gold there, having been bought in recent years whilst the price was held down by paper manipulation, that they can't even get the doors open anymore I'm minded to go with B/ because it makes a lot of sense if you think it's over for the Dollar, eventually. I'm too old to see it I would think but when this, finally, plays out I'd expect anyone born now to see $4k+ gold (or equivalent in whatever currency - beat then hold c$1,600 is game-on) along with the end of the Dollar's reserve currency. There's going to be a real run on the Dollar at some point (pre-planned of course) and the World can't trade on that basis so that will be that. Russia dumped something like $40b Dollars in April sending yields flying - they're not stupid.
I am like you also down a few bucks. Not as severe as you describe. But, this is a good silver punt, just very volatile and at it's worst when Mr Hoch's sells a few shares, LOL! We will hit those heights you describe - 400, just a case of "WHEN"! Not so sure Trump is so smart? He certainly has not read the history on "Trade Wars", particularly as they affected the USA in the 1930's (I think?). I think he only tweets and has no time to read!
Hope it happens for us all. My guess is that they probably will let it rise sometime and then retrace. The fact that it is not a free market is a disgrace. Not sure we want to see a global event that takes it out of their control. Not unless it just involves the Banks.
I am in here at highest 289 and lowest 187,i am in for a long time my plan is for 5 years just to keep buying,my out is £4.00 and i do think it will happen in my time span,hopefully by then i will have 20k worth nice little top up coming at this price