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Seems to be a steady decline in the past week. Any ideas what’s fuelling this mini sell-off?
dont think it is a google thing, just MM getting ready for the closing auction, which unless significant volume can be ignored
Will be post close auction
Whats with these closing spikes on Google finance? Every night for the last few days, the closing price Google has spiked upwards? Bit odd. And the next morning its back to normal again.
LunaNera,
I would disagree that leverage is dangerous. Too much yes, but a small amount can make a big difference in reaching profit targets sooner. I can't say for certain whether BUffet used leverage, but I did hear it in a video I watched about his trading style. It was about 1.6 times leverage, so something like that so it wasnt a big leverage but small.
I would have happily leveraged a long position on SLP at 86p. With my stock trading accounts though, leverage isnt offered. Could do it with a spread betting account, but I prefer to spread bet on trading indices than betting on stocks.
Eh yoooooooooo..... and huge buy just gone through... eyes on the prize ladies. Start your engines....
:)
Yeah, that was me topping up ;-)
looks like a big buy!
Anyone know what that £2.1 million trade is that just went through off-book?
Sorry I'll try to make it a little clearer and type slower.
The price of Platinum has risen by over 3.5% in the past few hours as has Palladium but the SP hasn't yet caught up. Surely by now with all the good news i.e. the 4p dividend to be paid next month and the windfall dividend paid in April and the greater demand for PGM's this has to be the biggest gift horse in town ( a good buy). I am fully satisfied with my milking cow (my long term investment ) and the $30m net revenue from the 1st quarter this year is an excellent result but it will pivot upwards from here. Now watch the Rhodium price rise as that makes up 50% of income and Palladium 50% of the basket and 20% of income.
All good news and not a dissatisfied investor to be seen.
tad moronic and tad deramping rather
just being a tad facetious.
surely we got the special last yr, and will be decided on again early next, so not sure what "a long time" really means ?
Is this the start of a big correction in PGMs surely demand has to push prices up especially as we haven't had a special special divi for a long time, a few months ago and OK we got another 4p last quarter but we have been used to being spoiled. $30m a quarter isn't enough.
Hi marineclark
I am not sure where you get this reference from, but Charlie and Warren are rather outspoken against leverage.
Warren has spoken about the dangers of using leverage.
"But to make money they didn’t have and didn’t need, they risked what they did have and did need. That is foolish. That is just plain foolish. It doesn’t make any difference what your IQ is. If you risk something that is important to you for something that is unimportant to you it just does not make any sense."
“If you’re smart you don’t need leverage; if you’re dumb, it will ruin you.”
"It is crazy in my view to borrow money on securities. It’s insane to risk what you have and need for something you don’t really need… You will not be way happier if you double your net worth."
"Leverage can magnify returns if you are right, but it can also lead to ruin if you are wrong. If you invest smartly you don’t need the leverage to begin with. And if you do use it, watch out below. "
“My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage,” he said. “Now the truth is — the first two he just added because they started with L — it’s leverage.”
I'm not advoacting it myself
https://www.edisongroup.com/publication/massive-free-cash-flows-post-spike-in-pgm-prices/30134
Yep. I actually sold a position that nicely appreciated by 25% (it would be hard pressed to go further) and bought SLP with the entire position at 86.0p. So I'm rather happy with the current run.
But then again, that one was a no-brainer.
This may assist with our power problems, moving forward.
https://www.afdb.org/en/news-and-events/press-releases/south-africa-african-development-bank-approves-5767-million-loan-eskom-boost-electricity-generation-renewable-sources-46498
The sort of "we can fix it by using hydrogen" bxll**** will be used by society desperate to cling to the unsustainable way of life that we have experienced over the last 60 years or so. Of course there has been a massive deterioration with internet shopping and globalisation that have accelerated the problem of global warming.
Lets stop calling it global warming that implies we will have a lovely riviera climate in the uk and call it mass overcrowding and starvation. Perhaps only then will politicians listen.
Hydrogen is seen by JCB as preferable to electric vehicles as it more closely mirrors the use of diesel and it helps marketting their product. However the hydrogen is made by electrolysis - splitting water using electricity and it becomes green when they say the electricity comes from renewable sources. It is debatable just how sustainable those renewable sources of electricity actually are when scaled up for world demand. The article states that JCB alone will use 10% of the whole production from FFI.
So if anyone thinks that world use of oil is in decline and we will avoid the catastrophe of global warming they will be dissapointed - or dead.
How can Boris be credible at COP26 when fuel duty has been frozen for a decade and home insulation funding has been cut.
As for SLP our PGMs will still be required well beyond 2030 as the ICE continues to pollute the world with CO2.
That is probably only the start as the world moves to more online deliveries, HGV and the likes will most likely have to use hydrogen power!
A useful development at JCB
https://www.bbc.co.uk/news/uk-59107805
" Velo, I think Nov/Dec will be even better than October..."
---------------
Had the Black Swan event not occurred in the summer I would readily support that assertion 100% but for one thing:
Such a massive % SP increase for October alone, is totally unheard of in the entire SP history of SLP. (The whole bad summer has tilted the SP world on its axis) I had a more modest % increase in mind for November.
So, I'm in some flux that November may not be able to replicate October's performance; unless of course Stoodio's assertion of the 2 month usually bullish July/Aug period is transferred to Oct & Nov, then all will be well.
Whatever, I'm not married to my "historic-cyclicaly-based" view, just observations at this juncture, as what matters is that the trends are indeed bullish, so will follow the bullish trend, whatever it delivers; whether it's big % gains now or later :) :)
Velo, I think Nov/Dec will be even better than October. October we had to deal with a bottom and low momentum. Now we have an established upward trend and are gaining in momentum. With tailwind, the next month or two is going to be quite the month I believe. I dont think stoodio will be impaled on his sword anytime soon.
Well, a tremendous performance for October by finishing with a circa 20% SP gain for the month; making it the single best performing October for SLP ever -
(and kudos to Stoodio for never wavering from his assertion of the once dependable Juy/Aug period being delayed to Oct/Nov).
Must admit I had quite low expectations for October (but not for November).
However, Stoodio’s persistence has held water for October
- also making it, the single best-performing month of this trading year so far.
I had higher hopes for Nov than Oct, so hope this doesn’t put the kybosh on Nov by posting that :)
I have high expectations for Jan/Feb too, but only if the natural characteristic rhythm of the SP flickers to life, as since this summer and that black swan event, things are not yet back in a regular orbit.
July & August are (or at least once were) the heartbeat of the year’s performance and Jan & Feb were the soul.
The bulk of the year’s SP gains came from those two periods for the past 5 years – until this summer just gone.
Has that dependability now gone for a burton with the summer’s events?
The fact that September performed to its yearly buy on the rumour sell on the news under-performance, suggests maybe not, so apart from Nov, the next big test of that 5 year long heartbeat, is January; or at least a noticeable flicker from it :)
Strange but what a great RNS to read .....SLP 150+ hopfully by the end of year!