Member Info for clarav

Yes, but I am wondering about the opportunity cost. Even if gold reaches 2000, is it worth keeping that donkey (beyond tax losses harvesting for later)?

Well, I am so much under water with that one that my exposure has become very small and it is not even worth selling, keeping it for tax reasons only for later. It looks like falling back to 6p, a bargain for some Russian oligarch, I don't expect anything from this falling knife.

Further downside until year end for gold price. They are crashing gold price with paper, capping it at $1800 to try to kill the narrative of inflation. No wonder everyone has gone into crypto. Not much to expect until 2022. I keep building drypowder.

Inflation will kill miners, a paradox. Gold price is fixed under $1800 while costs are going up.

I guess we will learn soon, probably another putsch or other bad news.

It is not xenophobic at all. But a name change is for me a red flag (unless M&A) as a new fancy logo. Management should focus on operations and avoid unnecessary expenses.

I am back into POG and also bought some more POLY.

I entirely agree. It is urgent to wait.

At that pace the SP will soon be at 15p, when I may re-enter, depending on news if any

Indeed, time for another coup

Every week it gets cheaper and cheaper. On the other hand, it looks quite dead, nothing seems able to kickstart the SP and now with gold price plunging.....nothing can save that company it seems.

I am not giving any advice, certainly not. However I 'd disagree with your point of view in general as thereafter only people who are biased, unwilling to take their loss, write on the forum. It is more difficult to discuss a more balanced view. Meanwhile enjoy the slide

Better sell it now and come back later if things improve. Cost of capital is too high

I may exit after the AGM. Liquidating miners, the trade is dead since September

Gold and silver prices are so manipulated, options expiry or reporting date (today). You cannot win against bullion banks. I wait for a small rebound in July and I will close all my positions. I did well exiting Hochschild early, I will keep only Barrick Gold

It is simple market manipulation before option expiry, 30th June reporting date and Basel III. Increase in interest rates in 2023....lol! Powell will be gone by then and Kamala Harris president will run huge deficits. There is nothing else to expect, it is very bleak and we need to focus on preserving wealth.

I sold early at 185. I won't buy back until Castillo cannot pass his constitutional reforms or we know how much the extra tax is. I won't buy back this year, too much of a gamble

They are going to destroy PM prices for the 30th June. Classic. I got rid of all my nutcases, Hochschild, POG etc. and reinvest my drypowder later in majors.

I sold all this morning, I have enough nut cases in my portfolio, including Petropavlovsk. I usually get lucky (Acacia mining) but here I smell communism and Venezuela all around. I 'd rather wait outside and see. If it is better than expected, I could come back later, in a few months, even if I have to pay more. Meanwhile there are other miners outside Latin America, the opportunity cost (not only losses) could become enormous if gold shoots up this summer.

I am out, I sold my entire stake, -17% loss. I 'd rather take my loss early than seeing the SP falling down regularly until full collapse. There are many other miners there and I think Peru is going to follow Argentina, Bolivia or even Venezuela. Nothing good to expect here. I will use the loss to offset my realised gains for tax and transfer the amount to the equity ISA. I still don't know with which gold miner to replace it.