Member Info for FrankyS1971

Terrible for any holders. 50% drop! Sirius -ly-)!!

Hi Chaps, we can still use this board and try to share some other good investment ideas between us and have our own Barrick rant when the ass falls out of it ! haha:-))

I mentioned William Hill a few weeks back who are now about 30% higher. Frustrating as I don't have a spare dime to invest. They will get back to 2.50+ as they grow out the US business and I see a turnaround and takeover here for sure, so certainly not missed the boat.

I'm quite interested in Hecla Mining. They are a Nevada based Silver Miner (have been for 100 years +!!) They have extended the mine life again, are investing into new sites and are currently below 2$ a share. Have been 6$+ in recent years. Admittedly I don't know where demand for silver goes with Trade War and looming recession, but can't believe this won't make money as a 2-3 year investment.

Long term - Agronomics is interesting (mentioned before). They are a fund that invests into lab grown fish and meat alternatives. Very interesting and new sector that could go ballistic at some point!

I think we all need to be super cautious over the next 12 months as there will likely be a stock market melt-down and as always it'll be out of the blue!!

I hope you all get richer!:-))

Well without doing a repeat it's been good to chat on here and agree or disagree about stuff. It's all good!-) I ll do some sneaky searches on you guys and pop up to say hi possibly. All the very best for now and. Saudi and Iran now going to add to the overall clouds on the horizon. Like literally as oil being a fossil fuel and leaves a bit of a pall. -)

Here we go..the slow sinking of global central bank rates and into the trap they have set themselves. This is the beginning of a descent into currency madness. Rate Cuts to zero and a ramp up of QE. Currencies and assets will start to deflate and we'll be in an even worse place than 10 years ago from which we never actually escaped. Sadly this will take 2-3 years and is terribly boring lol!:-))

Gotcha!...I d hand over a gold bar or two if it bought brexit to an end. Labour s position seems suicidal to me and as for ms thornberry.??

1300 may be pessimistic BB..but lower rates a resolved brexit and trade war and you never know! I think there will be support for gold and a floor under it at around 1450.

22nd July 2019 - Gold $1425 - Barrick Close at 17.31
10th September 2019 Gold $1498 Barrick Close at 17.41.
Could either argue we look oversold or could argue that the market expects further drops.

Super either way, we're rich!:-)! The Fed have slowly as% fu&ed themselves. Interest rates by 2022 will be zero. They ll print money like there's no tomorrow and devalue currencies the world over. And by the way we are in a Great Depression by the definition of Keynes. AKA growth before 2008 was 3-3.5% on trend and since the crash its 2-2.5%. A depression is not like 6 or 8 quarters of negative growth which you would think , its when there is surpressed growth that isn't on trend over an extended period. That cumulative 1-1.5% of below trend growth is trillions of pounds missing globally! The Fed is in a total tangle and the next crash is totally self-made and the seeds were planted many years ago! Bitcoin will also fly as you can bet your ass that there will be currency wars and the public will realise how badly govts have failed them. All I would say, is that I think long term we're in the wrong stock with Barrick. We'd be better off holding physical gold as there's no management team to F5% up physical gold. We ought to be in a few mid-tier miners that are growing production and could get bought out! At some point we need to swap out as Barrick will never perform as well as some other smaller miners.

The numbers coming out of the US are also more favourable than expected which may slow fed loosening somewhat. My instinct is that we could sink back to 2.00 in old acacia money but on the upside you have the Dow nearing in on other all time high but gold hovering at 1500!!! The yellow metal will eventually go through the roof from that base or even 1400.

Re the comment on the trade agreement that's a nice summary and a good perspective. I do wonder how much of an effect the trade war is having on china as they devalue the yuan. Next up that the US will do is tackle that so their tariffs have the effect they were meant to have. I still think debt relative to GDP is the true worry and everyone is missing it .

Hi Super, we ought not to worry about the retreat in our SP too much! How much of the bounce in equities is based on chatter rather than facts I'm not sure. We may sink back some way, but what we enjoyed a couple of weeks back is a pre-cursor to the main narrative to come. Roll on 2020 and another few months. As I have bleated on before, jumping in and out of positions is an impossible game to get right, so just long term hold and things will come good!:-))

Yes super makes sense...I just can t see politically why China will agree to a deal ahead of the elections. It's a near zero chance this gets resolved any time soon. I can t believe the world is all rosy from one day to the next which will draw a line as to how far gold drops.

Ha..well overall it looks like Jam for us tomorrow not today!-)! I guess a strong dollar makes US manufacturing less competitive. Its 11% of economy but weak..consumers still spending which is the engine room. Patience needed. Might be end of the show for 2019 with gold settling back at 1400-1450. Hardly a disaster.

Sounds all about right Super..shame to see the retracement of GP, Barrick and ACA and am mentally prepared for the price to keep falling for a while. China has taken measures to soften the impact of US trade war by hedging into non dollar assets including gold and there is no real incentive for this to get resolved IMO as both economies are still doing OK it would seem. We'll see though. I doubt very much that suddenly all will be well with Brexit HK Iran the Trade War etc etc but I guess a full blown recession won't happen before the US election but soon after I suspect..Mark my words Super (gosh so serious lol) all of the political stuff is a total sideshow bob and a lovely diversion from the main event! The number one thing people need to be gravely worried about is simply Debt. Low rates for all these years and the free money press has made for the mother of all asset bubbles and it will go pop leaving a few bankrupt countries in its wake. POP! lol

I m not totally surprised as it was never going to be linear. Gold is well a ove 1500 so holding up for now..perversely the better the us economy does the less likely the rates come down and the more US will push back against China...all of thatt will store up a bigger problem!

I will stick with the conversion into Barrick, but I have been tracking other small-mid sized miners and they are going up at an even better rate of knots than Barrick, though this is safe and we know what can happen with the smaller outfits if you're unlucky! If the trade war gets fixed and HK goes quiet then maybe gold will take a kicking and the market will go up on steroids again. I doubt it but it might. Barrick is only at the start of its recovery, even though it has near doubled in value the last year, I can see it doing so again over a 2 year time-frame. As a proxy to gold, we know a 1950 gold price or thereabouts would equate to a 40 USD share price, still under the 50+ it enjoyed at the last peak. We haven't even gone into recession yet, so patience is key as the noise in the market is inconsistent. It might be 12 months or so before a full blown recession and we could see another major rally and a new high in the DOW. MarkParker and BB may well have another wave to ride, whilst we languish around in Barrick like chumps. I still say HOLD though, as we're taking the guess work and risk out of the equation! Will there be a recession. YES. Will Gold go up a lot higher. YES. WHEN?? WHO TF knows!:-))

Maybe for now put some stop losses in place so that you can get out of positions and if there are some sensible hedges you can think of... it might be time to balance up the portfolio and increase pharmaceutical metals and defence for example. I m no expert and still nursing minor losses on ACA after 2 years but hope to provoke some inspired decisions!

Hi Mark,

No doubt this is still a very hard call in terms of what to do. I don t know.. the same as everyone else!! But..the best way I can put it is that if there is a stock market rally, a trade deal more stimulus and this turns out to be a blip..what will the markets do?? Go up another 20%....30%....maybe....rest assured though if Trump finds a way to keep the economy hot for his reelection the crash is out there and waiting to happen soon after... That much we can be 1000% sure of. Would a wise thing be to liquidate everything..sit on the sidelines with huge patience and wait for 12 months of the market bubble deflating...then re enter the market when it's at least halved. The Dow goes back to 14000 for example...then come back in when others fear to tread. The 30% you might make is not going to be as good as taking a ride near the next bottom not the high. Granted this may take 5 years+...but the risks are high now and not much topside. When the crash comes it ll happen so fast that getting out of positions will be a nightmare. I do think on balance there is money to be made but...the red lights are flashing up globally and at some point the market will react.

Hilarious....mate I m a villa fan..terrible timing to reveal your Palace allegiance-))!!

Where are you stock abc???? lol...sold at £2.00 only 5 weeks ago and did some grandstanding about it I seem to recall:-))

The US opening will be very interesting later. Everyone back from the hols and will see some proper volumes and where sentiment lies. Likely to be very negative with blood on carpet this week. Europe in recession, China and India stalling. US data now mixed at best. inverted yield curves..at some point very soon the market has to correct by a good 2000-3000 points.