Member Info for BuggerTheBanks

This will continue to drop daily until (if) financing is secured. I got in at £1 in May 2020 &have considered averaging down, but this could just as easily go to zero from here. I'm holding, either way.

BooBoo, yes: I too have been watching the US yield curve with interest...& alarm. Pretty much every curve imaginable is now inverted. Something quite unprecedented is coming, & it won't be good. I'm seriously considering exiting completely & going to cash. And I don't just mean Shanta: I mean EVERYTHING. My entire portfolio.

If the market is still standing 6 months from now, I'll be astonished.

Gavster, I'm with Carvegyber on this one: the west needs Russian natural resources a lot more than they need our paper. Although perhaps we can burn it to keep warm when the lights go out.

Senza, I'm wondering if they're buying calls, warrants or similar?

...Militarily again between Armenia & Azerbaijan. That might explain the decline in the share price over the last week while it went mostly unreported in the news because of a certain other conflict.

The Fed will hike tomorrow. What they do beyond that is difficult to predict. Events are moving so quickly ATM.

NASDAQ fell 89% in the dot-com boom. This (& others like it) could well go lower yet.

UNVRKW, that is a good fund you've just sold (IMHO). Of the nine funds that I either own or monitor, it ranks joint-top (with Ninety One Global Gold) over 3, 6 & 12 months, & is ranked second over the last month (again, to Ninety One Global Gold ). I'll BTFD. Cheers.

Oh, yeah...the 6-month chart looks wonderful.

Pump much?

UNVRKW, thanks for confirming. I hadn't come across that one. I'll have to benchmark it against my other funds to see how it stacks-up.

BooBoo gets it!
Thursday's narrative: Sell all the things!
Friday's narrative: Buy all the things!
This coming Monday's narrative: Sell all the things!

Insiders get tipped the wink & front-run all of this. With the world the way it is, the weekend is a long time. They're looking for bag holders.

UNVRKW, which gold fund did you drop (out of interest)?

If you think the last two years have been weird, "you ain't seen nothing yet".

What gets mined in Russia, stays in Russia. There's not a single oz of newly-mined AU that leaves Russia. I'm sure that, if push came to shove, their Central Bank will be all to happy to hoover it all up & boost their reserves. Those PolyMetal FanBoys could well end up minted.

Dropped 30p (whilst gold didn't move) & immediately bounced off £19.70. Anyone know what that's about? Have JP Morgan just delivered a load of paper to the CRIMEX?

Re-assuring.

I wouldn't place any faith in broker forecasts. Historically, brokers (particularly the likes of GS) going bullish PMs has preceded a fall.

The world is not short of bad news ATM, which should support metals prices. Even if there's a ceasefire in Ukraine, I expect sanctions will remain. Commodity prices in general will continue to rise, IMHO.

The Fed meets a week tomorrow. That will be key for PM prices. Any sign of back-pedalling on the SIX rate hikes currently expected (& the QT) will be EXTREMELY bullish for the metals. The market still seems to be viewing these PM prices as transitory. If The Fed falters, I fully expect mining stocks to explode.

GLA

https://www.zerohedge.com/commodities/one-chinas-largest-banks-unable-pay-margin-call-after-todays-monster-nickel-squeeze

https://www.zerohedge.com/commodities/one-chinas-largest-banks-unable-pay-margin-call-after-todays-monster-nickel-squeeze

@53.5p this-morning (crosses fingers).