Member Info for BuggerTheBanks

JMAX, I'd consider your position. I sold my holdings in BERI last month (a commodities fund, heavy in oil), & took a loss just to get out.

New York City is on the verge of another full lockdown, & once that happens, I think we'll see the rest of the US follow suit. I don't think we'll have to wait for Biden to take office in January before he fulfils his promise to lockdown the country.

If the US goes into lockdown, the market will **** the bed, just like in March. Yes, there will be stimulus, but you'll get brayed like a donkey before it hits.

I don't know what your position is, but I'd be looking to pare exposure & BTFD. I'm still cautious of oil stocks. If The Great Reset is realised, oil will play a very minor part in the global economy (by comparison to today). Silver, OTOH....

Good luck either way. Having added a couple of miners on Monday (including adding to my FRES holding at a discount), I'll be sitting on my hands for now. I see significant short-term downside & don't think it'll be long in arriving.

BBBear, December will be key. No COMEX deliveries in November, December however....

How should I put this...? "Expect volatility".

We shouldn't place too much faith in Pfizer's vaccine: their CEO has just unloaded 62% of his stock. I suspect that once the euphoria dies down, it will prove disappointing.

Fundamentals for metals & their miners remain excellent. I don't care what FRES does over then next month, three months or even six months (traders will obviously have a different view): I'm looking a little longer term.

I'll add more at £9, & if we ever go to £8 I'm backing up the truck.

GLA.

I can wait. Happy to see more downside, TBH, as I'll just back up the truck.

I still think bargains are coming, but if we go to the moon from here, I'm already in so will still ride the wave.

GLA.

Oh, no...it's there. Took a long time to appear. What's with that???

The comments forum has been very flakey the last few days. Seemed to be down for 7 hours yesterday.

Thanks LSE /s

For those of you investing (not trading) this is a no-brainer.

As other posters have alluded, small business have been decimated & will continue to be so. Money has been printed (read "debt has been issued") that can never be repaid.

If we are to have economic recovery (& I say "if") then billions of trees will have to be cut down to provide Central Bank money printers with enough paper to ensure they go "brrrrrr" 24/7. Everyone here will understand the implications of that.

On the other hand, if we are facing "The Great Reset" (which is my belief - it's out there in the public domain & you can get it straight from the horse's mouth at the WEF), then SILVER is a key asset. The maniacal Elite at the WEF are seeking to tear-down the existing global economy & "build back better": if you're wondering why politicians all over the world are quoting this sound bite, it's because it comes straight from the WEF. Those spouting it are on-board with the agenda.

Biden has promised a "Green New Deal". Solar panels everywhere. LOTS of AG needed for them, of course. Indeed, this is the GLOBAL plan. Now, let me be clear: I'm by no means adverse to conservation & green energy (indeed, I hold UKW, GRP & FSFL myself), but the likes of you and I won't be the ones benefitting from it.

Before I go off on too much of a tangent, let me be clear: SILVER IS A CRITICAL ASSET in the post-Corona / Great Reset era. I believe it is THIS REASON, more than anything else, that sees JPM sitting on over two-thirds of the world's investment silver.

One final thing: the WEF tells us that "by 2030 you will own nothing" (check out their tweet). Read between the lines. Mine nationalisation is always a risk in this sector. I'd suggest that by 2030, it will be commonplace. Plan accordingly.

Disclaimer: portfolio is still 60%+ metals & miners. GLA.

Can't speak for short-term investors/ traders, but (IMHO) nothing changes over the medium to long-term for PMs & their miners.

Whilst I did not add to my SHG holding today, I did take the opportunity to buy back certain recently divested stocks at a nice discount: I have pocketed the difference which will buy me some nice, shiny AG. Also added First Magestic & Hecla, which have been on my watchlist for a while.

Still sitting on dry power & will add on further (significant) weakness.

GLA.

Having sold half (@ £13.54) last month, I've taken the opportunity to buy back the same number of shares for £450 less today (& have simply pocketed the difference. It'll buy me around 25oz of nice, shiny AG.

Don't think we've seen the last of the selling, but this trade was a no-brainer given the circumstances. Will add more if we fall to £9. Let's see...

Also took the opportunity to pick-up some First Majestic & Hecla today, too: they've been on my watchlist for a while.

Trump / Biden / Killary....it doesn't matter. It's all distraction to perpetuate the illusion of democracy. If people think their vote counts, they're far more willing to accept an unfavourable outcome with a view to "we'll try again in four years". America (& their politicians) are bought & paid for (just like virtually every other country on the planet)....Bought & paid for with worthless paper fiat scrip conjured out of thin air.

Forget Trump v Biden: IT'S ALL ABOUT THE FED! That's all that matters now. Indeed, it's all that's mattered for a long time. We live i n a world where we're tracked & traced, free speech & the right to protest is suppressed, & yet we've handed our monetary sovereignty to a bunch of unelected, unaccountable central bankers, & the institutions themselves are UNAUDITED. Politics (much like CV) is distraction to both cover & further another agenda.

Oh, & be aware of "The Great Reset". You can call it a conspiracy theory if you want, but you can get the details straight from the horses mouth (www.weforum.org/great-reset). Funny how current global events seem to (AGAIN) be giving the Elites EXACTLY what they want. That either means they're using rabbit's feet for currency, or there's a greater plan unfolding.

Physical PMs.
Mining stocks.

Make hay while you can, because by the end of the decade, you won't be allowed to own any of them (ref: WEF tweet "by 2030 you will own nothing & be happy").

GLA.

https://www.zerohedge.com/political/mcconnell-hints-next-stimulus-will-be-much-smaller

They're going to make it hurt before they open the floodgates.

Trump.....Biden..... makes no difference: they both serve the same masters. The myth of democracy can be a powerful tool of control.

When America gets a president who ends the Fed, abolishes income tax & stops fighting overseas wars, wake me up. I suspect I'll be sleeping soundly.

Looks like this (sector-wide) rally has legs in the near term. Given what's going on the world, I don't think anyone can doubt that northern hemisphere economies are going to be totally destroyed over the next six months. Still expecting a big sell-off, but it now may not come until January when Biden takes office (he has promised to shut-down the entire country if the "scientists" recommend it (which, of course, they will)).

Currently down 9% on my buy-in price, but the dividend erases a third of that loss. Happy to continue holding. GLA.

Looks like this (sector-wide) rally has legs in the near term. Given what's going on the world, I don't think anyone can doubt that northern hemisphere economies are going to be totally destroyed over the next six months. Still expecting a big sell-off, but it now may not come until January when Biden takes office (he has promised to shut-down the entire country if the "scientists" recommend it (which, of course, they will)).

Still making hay here. GLA.

Expected to come here and find an RNS...but no.

What's driving the SP?

ErFreh, my profits are.....which I've taken. Now playing with the house's money with cash on the sidelines to BTFD. Watch! Although you'd be better advised to ACT. Come back in a month (when neither I, nor the markets, look so high).

Will someone please pass the popcorn?

GLA.

I've been selling half of certain stocks (FRES, PAAS, BRWM, BERI, GPM & Chesapeake) to lock-in profits & pare-back my exposure.

I predict that the next three weeks will see a repeat of March. Remember what happened then:-

Gold -10%
Silver -40% (albeit briefly)
Mining stocks varied (obviously) but some lost 60% in three weeks.

They'll come back (& then some) once the stimulus is announced, but having been through it once in March (& predicted it but done nothing), this time I'm predicting it & doing something.

This is the beginning of the end. Fiat currencies cannot survive such large-scale debasement while the only thing that gives them any real value at all (the economic output of their host nations) is going to be completely destroyed for the next 6 months. There's no coming back from that.

Our politicians have warned us that a (Project) "Dark Winter" is coming. The NWO is now called "The Great Reset". People can call these conspiracy theories if they want. I call them conspiracies (not theories). The Great Reset isn't even hidden anymore: it's in plain sight for anyone who cares to take the time & see what's coming:-

www.weforum.org/great-reset

Earlier this week, the WEF (yes, the same WEF who described the CV as "a rare but narrow window of OPPORTUNITY to reflect, re-imagine & reset our world") tweeted that "by 2030 you will own nothing and like it". I kid you not. Look it up. These people are going to take & take until we push back.

Great Depression 2.0. That sound you can hear in the distance is the NWO jack boots marching in (Operation) Lockstep.

GLA. Things are about to go off the scale.

How much would governments in the northern hemisphere have to borrow to support their "economies" during a tyrannical six month lockdown???

Because that's what's coming.

Shareminator, that is exactly what I'm expecting to see.

The Fed needs an excuse to print. If markets are at (or near) all-time highs, it hasn't exactly got that excuse. Toys need to be thrown out of the pram first.

We must also remember that the Fed has also said that the USG must pass more stimulus measures (in order to create something (Treasuries) for the Fed to buy). Depending upon who controls the Senate & who controls the House, this could delay stimulus measures even further. We could see stimulus as early as next week.....or we might not see it until February. I don't doubt it's coming, but we'll need to wait a week at least before we get a better idea of when. Presumably other CBs will act on their own initiative & won't wait to see what the Fed does. And let's not forget that the Fed meets next week. Exciting times, for sure.

Margin calls in the US market must be settled at 6:30pm our (UK) time. Will be interesting to see if the metals (& miners) take another leg down as a consequence.

If so, tomorrow morning will be bleak for UK stocks.