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Sound about right FK23. Also noticed physical gold & also silver is hard to buy unless you pay an high premium. Well orchestrated to drop gold Co prices encouraging sellers to bail out but there are buyers waiting to grab as seen Today with large buys. Havn`t a clue how much lower this can go but not selling anything as there are massive changes in the market coming and gold will be the choice over cryptos. FED have nowhere to go now and as you can see, the World economy is in tatters. Recession coming big time so stick with gold.
jl5006<< As I mentioned earlier, I see this as being primarily to do with 40% institutional ownership, blackrock also has a 5% position here so it wouldn't surprise me if this is MM games, and it will bounce once it has broken down and set off stop losses. I see no fundamental reason on valuation, asset mix, future projection for this to get much worse (maybe 10%); best way to look at this trade is for the next dividend which is sizeable. That being said, it could test patience, so I would just add to your position sensibly and buy into any weakness, average out your position.
Bit shell shocked - bought in at 15+ now seeing 12+
This is not iron ore?
£12m trade!
2x £2m buys at 1254 - blimey.
I'm buying it now but my timelines for the return are likely longer than most PI squealers - $18 totally viable but may never break $21 - who knows.
I can't get this lower than 1,100, also can't see much downside on HOC/FRES, i.e. -10% at worst.
bonker99<< Are you buying silver if it hits 18/19 level??? If not what's your price target / position???
Silver getting whacked right on cue :)
BTFD
sharegem247>> who are you calling blinkered and ignorant???
Most people are aware we've been due a correction in the market, but most people also retain a position in gold/silver regardless of downtrend, especially if its a dividend stock. I fail to see why you are arguing with people on this post???
Its not like we own TESLA on a PE of 397, the sector and stock has been beaten down to below fair value.
I'm hedged either way, I win if it goes up or down.
Its you that is blinkered & ignorant to the downtrend & the overall Market signals. Hows that 1255p bounce doing ? Anyway, done now. And yes, it could bounce up just as easily as drop another 80 points. GL
lol oh you have put a smile on my face. ignorance is bliss eh?
Keep telling yourself that, I'm being realistic. I put 60% of my POLY allocation in & holding the other 40% back. See the 2 year graph. And add the likelyhood the US markets will drop back sooner or later & drag UK markets back too. I'm sorry for you if you don't want to hear a shareholders opinion that isnt positive. Here you go....1600p coming soon. Better ?
Utter rubbish - here we have a hindsight harry who is forecasting after the fact lol. Unlikely to fall much further now in my view. All of the technicals now point to a base forming
Next stop 1200p & then 1166p which was Mar20 post Covid. And FTSE/US Markets are due a 5-10% fall soon also. I am in here & would love a bounce but instead of topping up each 10p drop, will wait to reduce average. GLA
We are due a massive technical bounce regardless, could coincide nicely with Gold bouncing off rising trend line.
CFTC was still showing 187.6k ( down from 207.8k ) contracts net long on Gold whilst Silver net longs seem to have dropped from 26.7k to 15.6k
I do hope so, I have been buying in but beginning to despair a bit. Particularly because nothing seems to shift it. Oh well.
Hopefully we reached the bottom now.
Final top up for me. Going to let the market do its thing now.
Nicely oversold - I'm adding here over the next few months, regardless of the SP.
Well I've topped up. Gone from about 2.5% of my portfolio to 17.3%...
YOLO
GLA
Topped up in this one & PAF.L. Both at bottom of price ranges and both with decent dividends. What more does one want ? Fear is making people sell which is how the markets work. Gold will see it`s true value when all the FED Bu** is seen for what it really is. Taper or print, dont believe that any of these decisions will help as the debt cannot be paid back..End of...
Bananaman2,
No one will care when gold is back over $2000
I'v given up caring. This is getting smashed and that's it. It will come back at some point. it will come back as quick as it fell away. I wasn't interested in selling at 1700 and not interested at this price or less. There are some very funny prices in the market at the moment and its just not worth the stress of trying to predict the bottom as not much makes sense. Chill.
I have support circa 1235
ROCKETVI,
Exactly, If you look at the recent rise on PFC once the shorters change the sell algos to buy
They want your shares as cheap as possible. Keep selling panic mongers....