Poland has become the latest European country to woo some of Britain's biggest banksin the wake of the Brexit vote with a charm offensive in London this week to lure City institutions to Warsaw. The Polish deputy prime minister will arrive on Thursday armed with a package of incentives to offer senior executives at some of the biggest banks in the City that have shown an interest in shifting jobs to the continent. - Financial Times
I'm sure your right I'm just a PI who speculates and knows little about these things but for now I'll just sit on the fence. The worst that can happen is I miss another share buying opportunity something I'm rather good at. I've noted in the news that the mortgage approvals for July are down on last year, Daily Mail was saying some of the celebrities have lowered the prices of their million pound houses. Although one was in a Spain.
Now is the time to buy Lloyds,those waiting for drop to 55p are in the twilight zone.Price this week 59p + steady 10% gain to come short term.Lloyds have not been moving in parallel to ftse and american job figures have minimal price change.Also no US rate rise to after election,december at earliest,also most reducing rates why do opposite..Commodities falling , and frankly only for gamblers Buy,buy,buy..
Yup, Friday and Monday next week will be interesting. Good set of Jobs figures, increases speculation of a rate rise in Sept, followed by a dollar rally followed by a drop in gold shares. Personally, I'd be guessing that the Non Famr figures will be good and the miners will take a hit and maybe just maybe bank shares will spike again. For me, I'm hoping that Lloyds drops back to 55/56 in the next few days as I'm good to jump back in. More fun owningthe shares than sitting on the fence, which is soooo boring. Although, I suspect Lloyds will tread water this week.
Thanks MeanMachine for sharing your thoughts. Shame you missed the huge rise since Feb with your CEY long....but as you say we all regret past decisions with hindsight. Bloody annoying I find... more so than being under water with say Lloyds One reason I don't close positions in gold shares. Share your view, that a correction in overdue especially with debt ridden commodities that have gone into orbit. Seems the correction may be happening but much depends on the dollar and their jobs data that could increase the possibility of a interest rate rise in Sept, Anto is THE copper share. Glen far too much debt for me. Please keep me posted on any new gold positions. Cheers
I'm only a speculator but I won't be shorting CEY at 155p or below but at 1.70+ I'd be monitoring to see if there is an opp to short. I stopped being long in CEY early last year. CEY like Lloyds is a great trading shares. Unfortunately, sold all of my CEY shares last year and although made a healthy profit on hindsight should have held but c'est la vie. This year, I've focused on Lloyds. Only my view but I do think there is too much optimism with equities at the mo which may lead to a small correction and only guessing but CEY may do well as people hedge into gold again. CEY like Lloyds has good fundamentals. I also like Volkswagon but luckily sold before Brexit and haven't been back. Watching Anto/Glen but waiting for a much lower entry point.
All got a bit quiet in the last week or so. Just closed by CEY short and looking for a buying opp. Although holding cash is very low risk it's not very challenging. Think the non farm data due later, may shake the tree.
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