The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good to know, so whats the open looking like for the ftse tomorrow, again, it doesnt bother me much, I'm here for the duration but just curious like watching a car crash, and wondering if i should buy more physical gold!! end of the day they are going to destroy all paper money!!
Funny how a downed SP changes the mood in here, if we were up 20% everything would be sweetness and light, chill the **** out people, stop attacking people who posted their belief that sp will raise, if you take what they say as gospel or what anyone else says as going to happen you will be sadly disappointed.
I strongly suspect that you invested on your own beliefs and are just venting so stop posting it on this board and go for a run or to the gym or something, we, the majority of this board dont care if someone is a city boy or a boy girl just chill out. It will all be good in a year and we will be at 25p..
Tomorrow will be another sell off I would think maybe not as bad, maybe levels stabilise, but by mid next week I would think it might be time to look at adding to your very favourite positions. Personally Im only holding this at the minute as sold off everything else about 10 days ago. Waiting for what feels like the right point, right now i feel its next week. To be honest i wouldn't be surprised if Monday bounced heavily up, but think it will be choppy with some big swings even after next week. This share should still do well in my mind with 30% of a brand new gold mine with great grades and potentially 20moz.. Market cap got to be pushing 1bn by year end......
totally agree but it will bounce back and by the end of the year be more like 25p just wait till next week, maybe mid, start picking up around 3.2p or even 3p !!! bargain time.... Think the worst of it will be baked in by then, this is just panic, and run to cash.. the cash will be back!!
I agree Pacman, I am only looking to add, wait this out, let it drop and buy some more, as this is fundamentally a great investment, think its a case of throwing the baby out with the bath water with the current sell off, but everything is getting hammered right now.
This could be the beginning of the financial reset, but the good news for us if it is, is that gold is the commodity that should do best. Maybe even go back to a gold standard as let’s face it, these idiots have totally fcuked this one up. To be fair the world needs it, floods, fire, locusts, biblical times, not to mention the inequality in the world.
Agree with the philosophy but don’t think now is the t8me to buy, the fall out from this isn’t even getting started. Look at Italy, started too late to control the spread, we and USA are essentially waiting for it to get worse, why has every household not had tests posted out? Then we know the figures and who needs to stay in. Would decrease the fall out. But as people do isolate, business is going to suffer and many won’t make it.
So even coming out of this and I’m not saying be afraid of the virus if you are healthy, but coming out of this many companies will close so there is no reason to expect a bounce back to current market levels even.40% of companies on the stock market are currently not able to support themselves without cheap loans from the banks, if there is a run on banks to get cash out! Liquidity drops, Fed is already in debt massively, next IMF who have international delegates who have to agree who gets what, might take a year to get cash out. Theses companies that are already unprofitable will probably go under. It’s going to take a while to recover from this, and could cause a depression rather than a recession.
April May for coronavirus to hit max infections in uk and USA so wait, valuations are currently in la la land, when it comes back the world will be even more in debt with less assets. Sorry to be so gloomy but don’t buy yet is my view.
Why is Bitcoin down, and gold, thought bitcoin was a hedge against this sort of thing. Gold also, have heard traders selling gold, taking profits to cover short positions, maybe doing the same with bitcoin? Long term think it’s gold and silver, should rally as the markets sink further and rather than taking profits to cover other investment losses it will become the destination for investment. Hopefully....
Seems a bit crazy to me that people are being advised to buy stocks on cnbc news, all the investment companies are saying buy quality stocks, start small, and buy on way down! WTF, Think we have a good couple of months of heavy selling, this could even be mad max territory as they have no ammunition to fight this. America has done the crappest job in the world dealing with this, and it highlights that their medical system is basically a scam, people being charged $3000 for a coronavirus test, $100,000 for a C T scan. The experts are saying peak numbers around April/may time for us and America, that, to me means we are far from through the sell off.
Hopefully we recover quickest, I mean Greatland Gold, or even tick up as investors run for cover in the Paterson. Think people should hold, don’t buy anything, not even this, as this could go into 2-3p territory, I’m happy to hold as bought in the 1ps and would top up in that range.
I could be wrong but fear as happened in Japan when they woke up to 95% of the value in their system was wiped out, could be the same here by April, but again gold stocks should do well in that scenario. Hope people here do have some physical gold and silver just in case.