George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
We will get sold off as everything else does, but could bounce anytime as investors search for safe assets, we have gold in our name and that might be enough. Markets are going to sell off hard for a while, and tomorrow could be worse as investors don’t want to be in over the weekend. Expect us to fall but would imagine short term and could reverse anytime.
Short term we could get hit with market selling off, but should pick up and could go ballistic if investors run for gold as has happened in previous recessions. Not sure about the run to gold as this is a short term recession caused by corona. However the damage that could cause to companies in the mid term could make it interesting as the zombie companies really fail and if the bail out stops.
So what do people feel the direction of the stock market will be this week? I fear we are going down further and regardless of the fundamentals here, which are still the same, ie great may mean we drop further and the precious metals market may fall further. Think that will be short term for the metals tho. what do you guys think?
I did see there was a death in Washington from Coronavirus and there was a care home where a nurse and alot of residents have symptoms, thing is America has no testing kits so have only tested 500 people so no wonder they have only 12 confirmed cases. The fact someone has died, means the virus has been there for 5-6 weeks!!! so in that time it could have spread quite a bit.
wonder what 5% of the s and P and FTSE is in pounds or dollars?? got to be a big number!! Trillions? Lost in confidence nothing else, and thats what fiat currency is .......... confidence, without it, it really is toilette paper, buy some physical gold and silver
as above in a correction, everything goes down, but gold and silver are the first to bounce back, as a rule.
I am finding it hard to believe the speed in which these markets are falling, could be a 5% day for the S and P, and us!!
its like watching a car crash, one thing thats not been mentioned which has nothing to do with this share but more about the global economy is, what about the global environment, we are being flooded daily in parts of the uk, crops not getting sown, fires in Auz, locusts in Africa, feels like we are on the brink and if we carry on just milking what we can from the systems as they currently are we are going to go the way of the doe doe. The system needs to change, the wealth inequality needs to change and be more evenly distributed. People are skint and hope that these factors have contributed to this sell off, as stuff needs to change..
Yes, but in the short term, so if the market doesnt recover and losses 90% we will go down too, maybe not as bad, but there will be pressure to sell, so people will sell!! but after this selling comes the inevitable screaming highs in gold and silver, where investors have no where else to go and want to hedge against fiat currency devaluation. At that point we are quite literally sitting on a gold mine. If the market recovers next week we will see Shlemiel posting large buy orders on L2. Either way, in the long term we will go up, although in the short term we could go down. I tried to play market entry points and got burned a few wekks ago and so I'm sticking where I am right now with a view to buying a little more if this drops much further. It all depends on if you can stomach seeing short term losses? If you can then you will be rewarded in the long game.
I think we are in the right kind of share. If this drop continues, the main share index's could drop 90% and we will drop in the short term also, but look what happened when these markets do drop, gold and silver go balistic, so we may drop in the short term, if markets recover so will we, but if they dont we may go down a bit with them but then we should rocket soon after as has happened in every down turn in history.
Why so angry at old timer, nobody knows what's going to happen, personally I'm not buying today, but going to look at what to buy bits of maybe next week. Think the virus thing could still spread and the effects to supply and demand could still ruin cash flows.
Besides if fed is stepping back or wants to, they can get out of this one as it's not in their control without trump who is just a master of shifting blame, blamed the other candidates for the market decline already! So last year we had flat earnings growth, this year will be negative due to supply upset, if virus shuts down large population centres then consumer spending down, and stock market all time highs. Nothing is supporting the elevated levels other than the fed! Hence big drop and not sure it's over. Could be another 40% to go.