Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My theory right now is alot of the 2020 new retail investors/traders whatever you wanna call them are leaving the markets because they realised that the easy money has been and gone. Equally, institutions have probably reduced holdings and some may have gone short (as we know very well here). I don't think its an exaggeration to say we're in a bear market. Only oil & gas plus a few fertilizer names have really done ok in this environment. But gold and mining should have its day in the sun based on what investors typically do in tough times. Dip has provided some good links to information about GGP. The fundamental picture hasn't changed too much here at all, its just the technical chart looks rough right now
Thanks for the informative replies
What usually happens to the mining sector after a general reversal in the stock market time after time.........there's a reason we're seeing the likes of Mumbo Dumbo, 'Navarre had a good trade in his life' and a few others popping up.....almost like a Horror B Movie - it was like Night of the Living Dimwits yesterday lol
Pretty ironic that Colon Drake is ramping and dreaming of a bidding war at SOLG while criticising GGP, he obviously wants a quicker payday over there after a decade plus of their own less than stellar progress and seems to envy our pace of development to production despite the fact the last thing many of us want is NCM putting a bid in for the entirety of Hav!
I wish nothing but the best for SOLG holders too - some of us want success for our fellow investors - we're not all bitter twisted numpties like these vermin who love to troll boards when markets are tanking for their own purposes.
As always DYOR and MYOD - probably going to get far uglier before we see our fortunes turn in this sector - but I'm assuming many of us expected a severe market downturn as part of the regrettably painful steps to a better macro outlook for the likes of GGP.
I hope everyone is enjoying the amazing weather today and if you want to revisit any GGP related fundamentals to decide on strategy on a potentially rainy Sunday as due here in my neck of the woods, then the links below will help :-)
BottleRockets WebSite for investors:
https://ggphelp.co.uk/
Link to my notes of interviews/podcasts/5% info:
https://www.mediafire.com/folder/dhg76ksjgan5r/GREATLAND_GOLD
GGP website - video links to interviews
https://greatlandgold.com/news/videos/
MagicTrades YouTube geo focused videos on Havieron and Scallywag:
https://www.youtube.com/channel/UCmnWIUbNJsFv9F8BEYtw2Yg
AIM (tiddlers) drop first then FTSE (blue chip) which takes gold and silver with it. This is what we are seeing. Then gold recovers, followed by silver whilst stocks make their own arrangements. So yes if you have invested in gold and silver now is the time to HOLD. Don’t sell now whatever you do. It’s near the bottom!
Surely someone must be benefiting from the global situation in much the same way that they benefited from the global pandemic. Maybe some will be so kind to contribute to save the planet and throw a few crumbs from the top table.
Mmmm - maybe NOT !!
C'est la vie - To be or not to be ???
Have you seen the amount the price of wheat has risen in the last 3 months? £220 to £350, it's only just started.
The green's, and all their liberal mass media mates, will indeed pretty much get vaporised now, IMHO! This is going to be about 'survival', based on the downturn of the economy, affecting the increasingly selfish, arrogant, 'me, me, me, me' society that we live in today, who will have absolutely no choice now but to accept the inevitable, because anything less won't allow them to 'keep up with the Joneses!
Yes, it's a strange world that we live in today...sad, but true, IMHO!
Agree Monty!
Timber, my guess is government handouts and lockdowns meant people were at home with extra cash + saving money not spending on leisure/holidays and instead pumping it all online
Now no more government money, now higher cost of living, now the fallacy that a vaccine would fix everything and turn the global economy back positive is over; reality had to set in at some point, bubbles had to pop and despite popular belief the end result will be deflationary
If you look at all indexes over the last year, Dow,hanseng ,gdax and Nikkei all down 25-30%!
The ft seems to held it’s own, now does it mean it’s in for a drop or was it cheap in the first place!
I don’t have enough knowledge on that front, maybe the more knowledgeable on here have there views!
All the gardening done beer o’clock
@ MontyMcgree "Its only in the last few months things have cooled down and started to pull back"
That's 100% my point Monty! I posted here about the commodity super cycle nearly two years ago now! It happened! I did well! I'm now talking about what's happened in the past month, or so, as you too indicate.
It's NOT 'normal' for a better word to use!
lots*
"Unlike what's generally happened over the past few decades, nothing seems to have 'benefited' from the current global situation."
Sorry if I am taking this in the wrong context but since 2020 lost benefited? at least in the shorter term
Tech stocks and many stocks in general ballooned beyond belief, especially in the months following the vaccine news late 2020
Collectibles of all sorts like watches, pokemon cards, numismatic coins etc values increased tremendously
Cypto has been pretty unbelievable
Its only in the last few months things have cooled down and started to pull back
Good point Goit! I was discussing this with a client in the USA last night. Unlike what's generally happened over the past few decades, nothing seems to have 'benefited' from the current global situation.
Only time will tell, but, as I've stated many times, nothing has changed with what WE have, which we all know, pretty well, will continue to increase, as we're still OPEN IN ALL DIRECTIONS!
GLA & DYOR
Where people are investing? All my gold, oiler, and miner shares are down, UK and yank indexes down, crypto down, physical gold down? Where is all this capital going? dumped into property?
I was supposed to be hedging against Inflation but I might as well of just left my cash in the bank!