I must say; it has taken a long time. Longer than I thought it would to gain a certain mentality when investing. I think you either need to be a certain type of person or able to become one. Share fluctuations affect people in different ways; inexperienced investors / traders experience mood swings, worry, and guilt, all sorts of unhealthy mental states which then lead to poor decisions and acting on impulse which isn’t always the best method. This can of course make things worse and poor decision upon poor decision results in eroding capital and investment funds. There are a lot of people out there fuelling the markets with transactions and many are day traders or hedge/investment funds making small increments of profit. You have to be right many times to make those profits add up and have to contend with market spreads and volatility; definitely not for me thanks. I spend a considerable amount of time thinking about shares and the wider financial world so when I do make decisions I believe them to be well informed, and after years of experience market fluctuations and depreciating share prices no longer worry me. And I can honestly say that, which is a peaceful place to be in. – Not necessarily ECR related but good boards are enhanced with the additional `off topic’ musing. I am hoping those who read this can relate to it in some way.
Hi LG, Chris. The ISA wrap was mine, call me optimistic but I want to shelter from CGT. I just have some more accumulation to go before I have finished taking my position but happy to see the SP increase as I am more than happy with my core holding here. I feel at ease knowing I have achieved my holdings target and can now wait without timing any more purchases. As January passes by I am expecting one or two RNSs in relation to the Itogon drilling re-commencement and the verdict upon SLM and the next steps here. As mentioned Thailand and Themac are very much secondary interests. I look forward to the coming months, primarily Q1 and Q2 when the market should be updated as to where the SLM and Itogon projects are heading. Both outcomes if favourable should increase the MCAP of the company, whether that be via an official resource estimate, production or sale. Of course whilst these considerations are materialising (I always expect delays and am happy to wait) the MGA sale should be progressing in the background. Depending upon the complexity of the arrangement it may well take longer than expected and it is difficult to gauge as to how quickly then the market will be updated with regards to the use of the proceeds. But again, cash on account is great for the company. Not necessarily what everyone wants to hear; but patience is key. In my opinion it is not worth trying to make a quick buck, I have gradually accumulated, averaged down and am sitting pretty. I certainly believe I feel at peace compared to someone trying to trade the share. This leaves me with time to pursue other research and manage other holdings which is a pleasure for an investor.
Smart Money Is Buying Gold Miners As Gold Shows Unnoticed Strengths<><><>Jan. 15, 2015 9:30 AM ET
•Gold has hit a rock bottom three times at $1,180 in the past two years and it is enjoying a quiet rise against world currencies except the US dollar. •Gold mining stocks are one of the most under-performing sectors in 2014 but they are now staging an unnoticed comeback. •Prices of the gold miners have risen over 10% since the beginning of the New Year and their technical indicators show strong upward momentum. •Smart money has been flowing into the leveraged gold miner ETFs in the past two years and investors could make money by tracking their fund movements.
Gold has lost favor among investors since it peaked in late 2011. Most economists and money managers have expected inflation to creep into our daily lives in the wake of repeated quantitative easing initiatives by the Fed. Buying gold is supposed to be a good hedge against inflation. As inflation was insignificant, the precious metal fell from grace. Meanwhile, thanks to the zero interest rate policy spearheaded by the Fed, investors have been craving for yield-producing assets since bank deposits produce next to nil interest income. As gold does not produce any recurrent income, this particular asset class has encountered particularly strong selling pressure and bad press publicity. Shorting gold futures, in fact, has been a favorite moneymaking tool for professional shorts.
Price actions of gold have shown downward momentum consistently over the past three years until the last quarter of 2014. Gold has not only stabilized against the strong US dollar but also managed to stay above the key support level around $1,180. That critical long-term support level has so far successfully held up gold from further decline. The bottoming process appears to be nearing completion
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