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"these will almost certainly get sold off, along with everything else, when a proper market correction occurs"
With CPI print tomorrow, you might not have long to wait LWHL!
"Of course it has.....The City makes money....and as there is no such thing as a bad market"
Not sure about that Pokerchips. Even hedge fund titans like Paul Marshall have lamented the fall of UK equities, he aptly described it as the "Jurassic Park of stock markets". Many UK fund managers pivoted away from UK equities towards the US and Japan, the valuation disparities across the pond are really stark - the big neon sign examples are BP and Shell versus Exxon, Chevron etc.
Low volume and thin liquidity mean institutions need to encourage order flow and market participation by taking down stocks and forcing market consolidation to earn £££, we've seen it in oil and gas.
Most people here would rather shovel every penny they have into the housing market, whereas UK stocks have been largely ignored.
Did you know that in the early 2000s, Vodafone had a bigger market cap than Apple - now it's $23bn versus $2.6tn :)
JMAX caught out yet again with an identical post from Monopolyman account. He/she still denies they have multiple accounts...It's beyond embarrassing now,
"Would. any other (income ) investors like to tell me what percentage of their portfolio is in. tobacco?"
4% now but I wish it was zero.
"I actually think this a reflection on how poorly managed a company this has become"
Classic FTSE 100 stock. You don't have to be mad to invest here, but it helps...
"The trade "long gold miners - short Magnificent 7" does great so far."
If you opened it a few weeks ago yeah, if you started that a year ago then you'd have long been bankrupt :)
Kashkari clobbered PMs with his "perhaps no rate cuts this year" comment. Funny as he used to be ultra dovish and he's not even a voting member.
This reminds me of the South Park episode where everyone gets sick of Cartman, so they collectively decide to ignore him. Cartman then thinks he must have died because nobody notices him or responds to his usual taunts.
All JMAX can now do is post with a new account to make conversations with his/her other aliases. That is certified loony behaviour…
I will pray to the Aztec gods that we never see the 400s again...
BATS you're going to send me to sleep, we still haven't recovered the ex-divi drop.
I love building generational wealth with penny dividends, which are then more than offset by xx% capital losses. It's the classic FTSE play.
I think this might be the worst share price to PM price ratio I've ever seen in a miner...I know there's a lot of moving parts to the "valuation", but it's still quite something to behold.
Fresnillo IPO'd at 520p way back in 2008 and the lowest close during March 2020 madness was 530p, talk about low volume and poor liquidity!
"Very brave or nuts to buy or hold here"
If you hadn't opened new shorts on FRES at 440p, then you'd have some money leftover to buy here.
"But this is the steal of the century, quite simply."
Yep and it's the Kiev regime doing the stealing...
Montofino, Tony and Mary, not much faith in FRES to flip it that quickly then? 😂
"Not much chatter about the recent rns"
I think everyone's bored to be honest, Harbour has been ran up and down these ranges for years now.
Those that sold the rip to 320p are relieved to finally be out, some who held are cursing themselves for not selling whilst other holders still believe that there's a 400p+ compare there.
Only time will tell...
"Silver is above $25"
As it was last December, amazing I know.
"Looks like the bottom is in from a TA perspective"
We've had double and triple bottoms over the last year at 110p, 80p, 70p and 50p. Don't think TA is much use here...
Multibagger potential is obvious here but also be prepared to lose it all.
Monopolyman aka JMAX aka DestituteBroker aka Patel
According to my regression model, on a very conservative basis, $50 silver for the next 50 years should get us back to 600p.
Well I prefer this 269p support level to the 220p one...
FTSE 100 is a joke, someone should just take it out the back and finish it off.