The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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saw Jamie's rent a mob at JPM couldn't wait to use any excuse to adjust their Target on POLY ! How many fines have you paid now Jamie ? same question to Douche Bank ?
It is job of analysts to forecast yields going forward and there is bound to be " educated guessing " going on based on production estimates , metal prices etc .
My simplistic approach is to see what the current yield is [ approx 7 % ] and then by the companies own updates assess if the dividend is likely to go up, down , or stay the same.
On the basis that this firm looks really sound i cannot see the dividend going down and so at current prices the yield would be the same or a little higher but as you know the yield is a function of the share price and dividend payment
What's the forward looking gross dividend yield on POLY to a UK shareholder, anyone?
One of those odd gold up poly down days.
Still, according to the boss of Twitter hyperinflation is in the way and if that happens there’s only one game in town ….Gold.
https://goldsilver.com/blog/gold-as-a-hedge-against-hyperinflation-does-it-really-work/
The more I learn about markets the more I realise the importance of diversification and not reacting too much to short term price movements. It should be an intelligent investor's aspiration to have a position that goes up in certain circumstances but is hedged by a position that might go up in different circumstances. POLY is a great diversifier from other asset classes and if POLY goes up then we should really not be that surprised given how central banks have sacrificed the value of currencies.
The important thing is to recognise a long position in POLY as a diversifier against other holdings and to not sell if POLY goes up a few percent. As is shown on this video: vhttps://www.youtube.com/watch?v=pUpR0Qo2KAc gold is out of favour relative to other commodities due to expectations of higher interest rate rises. I agree with that analysis though that claims that any monetary tightening is priced in to current spot price. We should expect higher prices in gold between now and new years eve
Tapering will continue for some time yet even if its at the same rate and interest rate rises would make things even worse as the public stop buying things other than essentials. The U.K. Gov is making people more poorer already with tax rises so it is not the solution. The reality is that too much money has been printed/borrowed and has to be paid back by the workers as they have no other means of getting money other than borrowing more which will bankrupt any country should interest rates rise. Gold is undervalued so POLY is a very strong hold for me over the next few Years, more so if you have managed to get in near the recent bottom.
Miss Dollar, I am in the same boat. Bought in at 15.20, went down so I doubled up at 13.30, went down to 12.30 and punched in the details to buy more. Got a little greedy and did not execute, waiting for closer to £12. The rest is history. Do you your research, stake your bet, sit back and relax. Like Socrates said, we are sand before the wind. This stock has legs. GLA.
great to see that close above £14 which was important from a short-term speculators perspective. I think this could really fly if the price of gold breaks above its current trading range. I remember a few years back that oil closed at the lowest point in a downtrend on new years eve and then from the first trading session in January it began a strong bull trend. I think the market re-evaluated the fundamentals when everyone got back to their trading desks after the xmas period. I really think we will see something similar in the precious metal markets.
I think the whole world knows that the Fed is going to announce their tapering in November so this will be priced in to the gold price. I think that gold will actually break higher when they finally announce the taper. As always, the gold spot price reflects what is happening with supply/demand now but miners are more forward looking as they price-in what it likely to happen with the spot price in the future, I think few appreciate this. So we could see further upside in POLY before that Fed announcement.
I am not one of these people that is blindly bullish my own positions. I would happily see POLY go back down to the £12 trading range so I can buy more but I am not too confident that this will happen any time soon
Yes, £14. Seems quite a while since last time it was trading at this price. May this be just the beginning of marching northwards. Let see £15 by the end of next week. Have a wonderful weekend everyone.
BZ & SIDI, M_$ > Chris is even more bullish on Gold than you with a target of $ 2600 I guess the detail remains in the Dollar and the impending inflation scenarios which are also being compounded by the rising energy Gas costs and lack of lorry drivers worldwide right ahead of the ultimate prime season. Poly did well today and the close above 14 was technically important right at the Fib 61.8 Next target 1520 run poly run.
WHY SILVER COULD SPIKE TO $80 OR HIGHER
Chris Vermeulen's latest interview with Liberty & Finance is here:
http://www.thetechnicaltraders.com/memberships/aff/go/danscot?i=349
Stay with the mo ...
£14 is a key level. If I was short I would place my stop loss above this (allowing for some slippage) so I think if the market continues much higher then short stops get taken out and the sp performs very well. Gold has stopped falling for a while now...
Good Morning BZ & SIDI another attempt at the 14 mark seems inevitable let poly lose its time to rumble. Hope you both have a great week-end
Morning send and BZ. Wish I am as confident as you two but I truly hope that POLY can really get up £20 one day. So have a great weekend my friends and God bless.
Anyway, I am back in blue once again.......hehe
Here to onwards and upwards!!!
Svend, we are of similar minds. I would like to see a share price of at least £25. Given the quantity of money printing, gold should be at $2500 an ounce which would put a rocket beneath Poly. That said there are dark forces at play. There have been coordinated efforts by governments globally to suppress the gold price while they have largely ignored Crypto. Bitcoin aggregate value exceeded silver last week for the first time ever. Personally I think that the international finance elite misjudged the threat of gold, allowing a far more dangerous alternative to Fiat the opportunity to establish itself and prosper. Criminals, terrorists and tax evaders prefer crypto to for obvious reasons. If and when the balance is redressed and, given the cultural significance of gold in Africa, India, China, and South America, not to mention deeply embedded inflation, the future is bright, golden even. I hope that all our hopes are realised and that you and SIDI have a pleasant weekend. GLA.
BZ - By the way liked how you summarised and described the crypto space Hans Cristian Anderson I think was your only competitor and I think that is the fairest comparison I can make as I did not study the tulip mania to the same extent as my readings of the favourite HCA stories - all the best my friend.
sidi - I am on the same boat as BZ having 2 positions running however I see no real reason to get out @ the £ 15's that would be premature IMO I expect at least £ 20's printed prior to lifting an eyebrow the whole dynamics of the company's fundamentals and the current interest rises/inflation pressures do not yet feed into the equation and not to forget that if/when the price of PM takes off. DYOR
Lol you are right. I am a very impatient man...... hahahaha
Anyway, back to the waiting game again now. Let's see if you are right or not. Would be nice to see this going up to £15 again. Good luck to you too my friend.
SIDI you are manic. I have 2 Poly holdings, one in the money, and one loosing 3K but I received a USD dividend to offset the loss. I take a macro view; in a world of universal debt peonage, market manipulation, QE and imaginary value viz Crypto, gold has got to go higher. When gold rises the miners, especially those with the lowest production costs, will increase exponentially. Thus, Poly is a good bet in the medium term regardless of the current fluctuations. Sit back relax and ignore the turbulence. We shall arrive at our destination on schedule. GLA.
Oh darn, spoke too soon again. Now I am back to the red once more....oh dear!
Well, let's see if it can break this resistance and moves up from here then.....
So far it's only down a few pence, not too bad. Hope it can hold on.
SIDI > The previous support (March 2021) now become resistant @ 1400p it is coincidentally also 0.618 Fib retracement of the March 2019 Lows. Any breakout above here should lead the way towards 0.5 Fib @ 1530p medium term
It doesn't look good. The FTSE future is down 37 points but the POG is slightly up. Can POLY buck the trend when the market open? Let's hope it can.......please stay up....
Thank you. Well, in fact I am only up 0.4%. It can easily reverse if it drops back a few pence tomorrow but it is still good to see it blue for a change...... hahahaha