focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
My friend - I retired - and came out of stockbroking some years before ETFs were first traded on the NYSE (which was, I think about 14 years ago!). I started as a Trainee Stockbroker in the 60s!. The whole market here now is, of course, much more settled and mature - and I can see the advantages of spreading the risk, and keeping (usually) closer to Net Asset Value. I have my own ideas on various ETFs - but wouldnt like to advise or suggest!. I think- and have thought for some time - its appropriate to buy 'volatility' - and Gold and Silver has to be a (vital) part of this. Iv always tended to share and respect the views of Warren Buffet, Jamie Dimon and others regarding Bitcoin and other crypto-currencies - and feel that in a way they have tended to supplant gold and silver as an alternative investment option (particularly for younger traders). Gold and silver is tried and tested over thousands of years as a'store of value' - particularly in fractious times - (SUCH AS NOW!). Historically gold and silver shares have often traded on high P/E ratios - RandGold always seemed expensive to me( tho I often owned it)- and Fres - for example - is still on quite a high rating - but it seems one of the best current options available. Its a massive company, London listed (of course) and with a proven track record. As you know - Iv been back in Kaz for about 3 months from 435/440 when I purchased 3 tranches. The gold element here too has always appealed (and is often underplayed). I think golds trading around 1235 at present - but it appears to be trying to break out towards 1300. There is a lot behind the scenes going on with Kaz - we all know that - but I really feel - even at this somewhat enhanced price - its still one of the best options around. We have another set of figures out in Jan. - and I would expect these to be absolutely solid. If a complete beginner looked at the 6 month chart -it appears a massive BUY. Id certainly stay with it ! (My French by the way is a great deal better than my Spanish; I bought my place near Avignon 30 years - and only came here because my Mrs thought the old place was haunted (Well it is actually!)). Best wishes.
Yes - thank you for highlighting Rocklawns comment- Chartist2 - because I believe that this is actually what WILL happen!. This will undoubtedly help the stock market, enable individual companies to know exactly WHERE they stand , will help the City - and help the exchange rate. As regards KAZ - Its very encouraging that the SP has held steady today after such a strong recent rise. Iv still retained half my holding. (As I mentioned a few days ago) gold is looking much more attractive - with the dollar starting to look toppish,Bitcoin having crashed so badly, the Stock Market (in general) having retraced - and people in general (and Institutions of course) looking for an appropriate alternative place to park their funds. Gold has been very out of fashion recently - but times may well be changing Recently bought back into some gold stocks (including Fres.). Thanks, by the way, BigCashews -for your helpful comments yesterday! - and yours G123 for your solicitous enquiry!. Feeling a little better today! (and its a lovely sunny day here in Spain).
There was so much misinformation last time (partic from Brexiteers) N.B. the £350 million per week going to Europe that WOULD be transferred to the NHS!. A lot of people were swayed by this. Many also didnt realise how much hassle it would be getting OUT -nor that we would have to pay a (ludicrous) near £40 billion to do so!. Many are NOW seriously scared at the prospect of leaving!. I feel REMAIN will be the result next time - ; even tho we are dealing with a bunch of control freaks!. Its a sad story. (Id also put the UCT (Monty Python) in the same category as Boris and Gove ; I wouldnt trust ANY of them. Spoke to Rees-Mogg on the phone once (when he was campaigning for a Wrekin (Shropshire) constituency - I recall him saying - 'Of course I (I I I) WENT TO ETON!!.).
I feel sure there will eventually be another referendum!. - but it will bea long process to get there!.
Strange - because checking on the daily chart -SP doesnt appear to have quite reached my sale figure of 602.6. To be honest - Im at my place in Spain at present ; hadnd been feeling well - put a limit order sell on - and went to sleep. Woke up 3 hours later to find sale sale in place. Had tried to make sale circa 8.15 (English time) - at 6.00 - but computer so slow - cudnt get it done in time!.
Delighted with sell @ 602.6 (another slightly smaller, earlier one @ 590.0) - but still - its been a remarkable few days. Have to say if it can hold this sort of level to the close -appears good for further short term gains! Well done Kaz (and eveyone still in!).
Yes - should certainly move better today ; gold price also currently spiking above 1230; if we can move - and hold- above 585 - then looking incredibly good on the chart. But will belooking to 'thin out' a little today!.
lol - yes - a highly graphic and eloquent description of Kaz's merits John T231 - (I trust its not anecdotal!) ; getting back into this share (after its crash) 2 and a half years ago - also gave me a colossal boost; its a dynamic company with a share price to match! (but you sometimes have to be light on your feet!. The recent SP fillip has also been useful (j'ai enleve deux tranche hier). Best wishes.
Yes- Well done guys - looks like you may have read it right!. Hopefully be able to take some risk OFF the table tomorrow!; excellent 130 point (2% plus) bounce in copper currently!. (It appears I jumped the gun a little last week!).
Thats good to hear Peltata; also encouraging that Kaz hasnt dropped much with substantially lower copper price this morn .!
Well - a creditable closing number (and strong copper price finish); Highly satisfactory on a generally poor day on the market- with Anto and many others well down. Really think the SP could 'pop' soon - in near future.
Noticeable that Gold has been pressing gradually - but consistently - higher in recent weeks. (Aside from general world (and Trump) fractiousness and instability - the recent disasters at Bitcoin etc has helped to re-establish Golds predominance as a store of value). Surprising then that Fresnillo has crashed so badly today (after broker downgrade).You often wonder if companys like MS have ulterior motive in making these calls. Fres (down over 100 points and 11%) was one of the mining firms I stripped out when committing myself to Kaz after double bottom).
Thank you Roydon1 - reassuring; -as was the news that Kaz is starting to establish (vital) partnerships with Russian companies. Digging in often sub-zero temperatures -and across vast and (likely) inhospitable horizons are challenges that will need to be addressed - and better (Im sure) working with people who are used to these difficulties and help cut thru Red Tape!.
Strong spike in copper price NOW (after weak start); Blackrock absolutely solid in their bullish conviction for copper (Bloomberg this morning). Expect SP to finish UP today.
Taken a little off the table c.550 half an hour ago - but its very likely (this time) the shares may (in near future) break thru barrier around 580- at which point looks incredibly bullish on chart. Interesting that comparable shares (tho in reality theres NOTHING really comparable!) - say Antofagasta - has had a dozen posts this YEAR - whereas we usually get a dozen (and more) before lunchtime every day!. We could (in a few days) be on the verge of a major break-out (but in a bit TOO heavily again). Kaz is also on scarcely HALF the rating of Anto. Well done guys anyway - been a good3 days.
Surely this is cause for some bonhommie!!!.- the shares are 20p or 4%up!; I was wondering when (amidst all the petty niggling) someone was going to notice!.
Yes Ronin1 - market sentiment WILL change!. We made significant progress Thurs/Fri and certainly appear much more positive chartwise. Kazs gold production too is often underplayed in these turbulent times. I also concur with many of Roydon1s recent posts (PLEASE keep them coming!) - is he your cousin!. Also feel that the dollar may be entering a new (and less strident) phase. The production figures focused the markets attention briefly on this company - and I feel that when the next set of results appears (in 2 and a bit months time) - the market will by then be in a position to substantially re-rate this stock - if not before. Peel Hunts VERY positive bullish call was very encouraging ; soon, I feel, others (reluctant to stick their necks out now after recent hiccups) will join in. It WILL (IMHO) HAPPEN SOON!.
Looks like we may have a break-out!. Set fair for the Antilles!!!.
Or do we have another false dawn......... This is almost as exciting as the Test Match in Sri Lanka!. (Was in the First XI at Charterhouse (over 50 years ago)).
IF -we can HOLD these sort of levels at the close things will be starting to look (certainly technically) very good. Next results only 2 and a bit months away remember - chart starting to look VERY inviting. (As long as we can HOLD!).