The problem with stop losses on AIM shares is that prices are very volatile such that you have to accept the risk of them being triggered by temporary large drops. The problem with not having them is that you may expose yourself to large drops unless you are very disciplined. Your choice essentially - which is the lesser of two evils.
One approach used by some is perhaps one you should consider - a very wide stop loss or, if you adhere to TA, one set a few percent below a key support level.
ECB stimulus would likely put upward pressure on gold prices so that seems a poor reason. More likely is a suggestion on Kitco that hedge funds are profit taking. As they usually underperform they need to get profits from somewhere.
To be fair to the 'bulletin board experts' as you refer to them, their source of information is industry experts who mainly called for a supply deficit in what is a very opaque trading market. The ability of the Chinese to raise production as well as the, what appears to be, very limited adoption of the rebar standards (look at the increase in rebar production) combined with the higher than expected niobium substitution has taken most industry observers by surprise.
The game is not over, however, as the long term deficit is mainly centred around VRFB adoption. Lower Vanadium prices in the medium term should encourage adoption which should feed through to Vanadium consumption.
The end game is a much higher level of consumption and supply to create a more stable and transparent market. We are very far away from this currently.
A really interesting article which makes sense and clarifies a great deal for me.
Whilst I don't rule it out in the future (and we should always be wary of geopolitics), I confess that I don't see much evidence in the share price of changing views on SA politics. I certainly don't remember hope's of a 'new dawn' whilst Zuma was in power and didn't see much of an influence when Ramaphosa came in, although it was certainly warmly welcomed.
I have seen a lot of influence on the share price of the Vametco purchase and the subsequent rise and fall of the Vanadium price, although a lot of the increase came after completion of the deal.
As I said, geopolitical risks should always be high on the agenda for any investor but the risks have always been here and their variations have not obviously been visible in the share price other than as a permanent dampener.
Lionsgold as was. I like the concept and I hold some shares although they are not currently listed. There are some others out there doing similar things but this does seem like the most complete offering.
I tend to invest in the miners as I am looking for capital growth. If you are going to buy physical gold you should really take possession as the purpose or it is as an insurance against catastrophe. Not much use as a piece of paper on a digit on an exchange if the world goes to pot.
Copper is the bellwether metal and price is driven by economic sentiment and futures trading. There is also a short term surplus which is weighing on price. However, in the long term there is very likely to be a large deficit which the current price is doing nothing to address. I think that there will be an extreme crunch here in a few years and the price will surge.
Like you I am a bit of a gold bug and actually see silver being the best performing metal over the next few years with gold second. However, I believe all of these metals will do well in the long term so am comfortable with the positions I have in miners.
Strange finish. Whilst we were at the bottom I could sell 500k+ shares but could buy very little. Then 5 minutes from the bell the number I could sell reduced substantially (although they were offering 22.8p for 200k) but the offer rose. It will be interesting to see if we have any late trades.
In case anyone is interested in the morning, there were exactly 100k left on offer at 23.25p.
I will take the comments at face value in which case that is not how I would describe the situation berserker.
I think that this trading pattern was very revealing. In the past it has been clear that the share price is pretty well supported below 23p or so. As such, any selling that seems to push it down there is met with large scale buying within a short period of time.
You could say the same for the price going over 25p or so but in reverse. However, today's trading was more interesting as there was little volume and virtually no delay. The sells appeared to be reacting to the MMs shifting the price up rather than buying pressure.
I am going to have a think about this but the trading is suggestive of an entity with a bit of a problem.
You are seeing a 15 minute delay. The current mid price is now 23.5p having just gone up a notch.
After the RNSs were released there was some very 'interesting' trading. It looks like the price was marked higher immediately by the MMs on the back of a 50k buy - I don't believe that the contents of the RNSs were properly consumed. A couple of other buys came through but then whoever the seller is threw a load in to control the price, probably more than was necessary. It does look like someone was very keen to squash any price rise.