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I've thrown a few more into the pot - ya never know ...
Is physical Silver the next $GME?
Keep em peeled ...
Pulled the trigger at 1.92. Might go lower yet, but it feels like a bargin with recent update.
Dollar Index is up....some of those Dollar shorts may close/reduce for the end of month cross over ...they have quite possibly shorted it on Biden's stimulus that will probably not be as much as he wanted ( always ask for more than you think you will get)..so has the Dollar been over shorted ?
If the Dollar falls then you need less foreign currency to exchange to buy the Dollar goods ...so the Dollar price rises to compensate and maintain that purchasing power...
It is like the Turkish Lira..when it collapses they put up the holiday prices to foreigners so as to try and get the same number of Turkish Lira as before :-)
yes but your shares are in GBP and like you said even the dividends are converted to GBP so it's the GBP value of the company and its cashflows that's important.
CUsunrise
Trump ripped into Powell because he said the Dollar was too high , and the Euro too low..
...now..the reverse is true ( Trump wanted it lower to aid exports ) and people rip into Biden ...even though you could reduce imports and start those exports...
You generally find there are advantages and disadvantages to either
No, HOC reports in USD. Nothing to do with sterling at all, even dividends are paid in USD and converted to GBP at your broker.
The key for our profits in sterling and hence sterling share price is sterling price of gold and silver. So question is will gold rise faster than dollar falls, good for us, or not
CUsunrise,
I hear what you are saying but.
As Gold is priced in US Dollars a fall in the dollar means a rise in the Gold price, even if as you point out that value of $1 is less.
Some might argue Inflation = Gold price rise Fiscal stimulus = Gold price rise QE = Gold price rise and Low Interest Rates = Gold price rise. Others like me might argue Huge Renewables roll out = Silver and Copper price rise
Auson..... All commodities are priced in USD... with Senile Joe Biden in charge, the Dollar is gonna fall taking oilers, miners and precious metals with it... sorry to be negative, but Joe is bad for America and the world economy... he will just blame it on Covid, but we all know who is to blame...
Sotolo,
I don't see much reason why the Gold/ Silver Price should fall too much more. My view is any dips will be heavily bought into.
These boards have gone deadly quiet, shellshocked by the Gold Price doing nothing, mines saying it is going to fall, let’s hope the lack of interest presages a turnaround, but how far down before that? Gosh Eva not even £2 at end of Jan and no usual New Year soar
breaktwister,
It looks like the stock was mostly sold to 'flippers' so they are probably selling the stock above 200. Should be done soon though surely !
Barnyrubble, I think Poly will do really well I hope so we might see a big move up. Plus the jobs report on Thursday. ... FRES update is tomorrow so I am not too confident about them. but they might surprise. I think the good thing about FRES is that I don't think they closed down any mines like HOC did because of the covid
Agree all PM stocks are struggling just now. I hope gold and silver to kick on very shortly. Until that happens I think we will be in limbo. Any thought on Fridays Poly update ??
Shocked to see this still around 200p. Last update showed no nefarious reason behind the Eduardo sale which tanked the stock, but the market still seems to hate it. Disappointing.