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@SR123 could you post a link to where you are following the Ukranian gas prices please?
and someone mentioned the oil being pumped out daily too
huge numbers and whilst i appreciate like many that commodities can quickly drop i guess this is also based against the type of winter coming, whether russia wishes to release more? which i never quite got with oil in that they tended to always release more to drive the price down when they had the market. why would russia release too much more, granted it would worry of loosing market share however not close anywhere near this point as yet
And my only other thought, if I buy at the moment I’m buying commodity based, cash generating stocks. The market will pull back everywhere, commodity stocks will recover, many others won’t
i got out of fxpo sometime ago and timing wise slightly too early. however that doesn't bother me as its about wealth preservation next 12 months or so, I'm not here to make loads.
I'm big on devaluation of currencies, debt levels, economic roll over and inflation coming through that actually the central banks can do little about but the bond markets will.
i;ve taken a very small position here plus GCL which i hope to make even no more than 10% on and will cash out next couple of months max as the prices drive upwards. i'll then wait for a correction, i dont think weve seen even half of whats coming, right back down, very low asset levels with which to then buy back in and see a huge, inflation led upside for the next few years. when this breaks my cash is ready;
JKX, FXPO, RIO, BP, BRWM are my pick, overall high value, big stocks that will work against inflation for me and handout huge divi payments. alongside GCL for the uranium play and one fund that buys PMs. ive a few others, most are high value plays also like unilever which is now below £40 which doesnt happen often.
the market is overcooked in all the wrong sectors for the future, move over tech, commodities and value coming through.
fxpo down to £2.
Hi unvrkw
so I take you are not buying back in Fxpo yet.
I a
have also edged on my energy bill with Jkx and in Serica. Serica will present results tomorrow awaiting to top up in case there is a sell on the news sp dropp.
Miners after recent commodities price correction are all on the retreat, one would thing this is the right moment to start accumulate for an economic rebound, but with China slowing down, Evergrande and other macro issues many are expecting a correction that may take some time to be priced in. This is why I am becoming adverse to long term holding, has there is very little visibility out there. You hinted at commodities drop of, which lot of it has already occurred, but if GDP around the world start to disappoint, it will be hard also for energy prices to keep up at theses levels. Theses days energy and commodities prices seems to be affected more by singular events, than by markets and trends, to the point that has become quite unpredictable to forecast a trend. Lots of volatility out there require lots of caution.
looks like some are favorable and up like gas and oil on demand whereas the big miners are on the decline again like to rio etc. i've actually hedged a little in here to go against my at home gas bills alongside awaiting a huge drop off in all commodity stocks to then buy back in. interesting six months ahead