Polymetal International Share Price (POLY)

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.