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Marin Katusa (resource investing genius) put out a report via MacroVoices podcast this year worth reading. His big play on battery tech, EV and AI is copper - as it's an essential component until a better replacement is found/produced. But with slowing global growth and inflation, I think commodity complex in general will continue downward until at least Q2 2019, esp given the USD continues to march upwards. The thing is, you can't afford to sell SAV and be out of the market, because of when the big farm-in, vertical integration buy-out by major European car producer happens!!

WTF? What a bizarre name. More appropriate for the BoD!! Shills

Looks like the RNS saying AVMs final asset being sold. Just a cash(or loss) shell now. BoD rinsed AIM holders as per usual. Should be dragged through courts

Indeed my dear Lizard man! I have stayed invested, as I opined at the time, SAV is not a 'trade' for me, more a long term SIPP position. Happy to ride out the ebbs and flows and invest more as the price comes down!

Update to my technical post some weeks back. It would seem that large bearish dark cloud cover candle created on the spike to 17p was prophetic after all. We are now at a key level where we need buyers to step back in at the breakout from the 9.2p high in May. This is also the 63 day ema (1 business quarter). The final support is then 7.50p below which I contend the bull run is over.

Possible that we see the FTSE crack here below 7550 on a daily close basis. That would be a torpedo for AIM stocks if the move extends...

Maybe a nice Fri 0700hrs RNS would spice up the DA London event tomorrow??

Levels based off Fib projections from the monthly low on the chart to the first swing high (1.25 to 7.6p) give projections of 11.30 (1.61%), 17.5 (2.61%), 23.5 (3.61%) and finally, 27.4 for the 4.236% level. These levels seem to be being respected as price spiked to circa 17p (2.61%) and found support (thus far) around the 11.30 level (1.61%). Over the coming months we should therefore see 22.6p and then 27.4p as initial targets. The tough resistance is at 22.6p- multiple Fib confluence in this area. This would also put SAV above 200M pounds MKt Cap. Support will be at 11.3 and 7.5p.

Indeed, but one must stay nimble as the technical give likely support and resistance areas. Today we have to assume that the bulls are back in control and they will take this north until such time we get price action in the opposite direction ;-)

So far the Fib confluence of the 50% (major swing) and 61% (minor swing) seems to be a solid support day with a minor reversal candle Monday and inside bar yesterday which has broken to the upside this morning. From a 5 wave perspective we should now see a solid Wave 5 into a new high above 17p. The tide is coming in, (FTSE100 rising) so it will help lift all boats (SAV).

Apologies. Averaged down on the spike price but Up against my long term buying average of circa 5p!

As Uncles Warren and Charlie often tell us, investing is the only game in which people run out of the store when shares are on sale! Just averaged down with a little top-up this morning! DYOR

Indeed my dear Lizard Man! I have no intentions of selling but there are people who do not ever look at the RNS/fundementals - they trade purely on price action; and, if these are the only people trading this currently then this is how/why/where the current moves can be explained. Plus, as we know, institutions rarely buy breakouts and will average in at lower prices. The MMs will work this lower to fill those orders IMHO!

I still think SP will retrace and 'test' the breakout level, so 9.25p is still possible without further news for the next leg up. That bearish Dark Cloud Cover candle on RNS day confirmed a 'sell the news' event. Inconsequential to long-term holders, just colour as to how 'traders' will be viewing this share.

17p - just where price spiked to!!

See my technical picture post for support levels :-)

Fib confluence from the major swing high to low and the more recent spike from low to high, oddly both the 50% and 61% levels come in the same meaning STRONG support at both 11.05 and then 9.65. The last line of defence will be 78% retrace at 7.65p. There is weaker support at 12.35 which is the 38% FIb retrace level. Under Demark Sequential we have printed a sell setup 9 count and we are currently on bar 6 of a possible 13 countdown (countdown shows a bar with a high/low that is higher/lower than the bar/candle two bars previous). Once a 13 Prints the sell signal is valid for up to 18 bars max, after which it is invalidated.

Sadly you can't transfer shares from a general investment account (taxable) into a tax sheltered wrapper. You need to sell the shares down(thus creating a CGT liability) and then transfer the cash to the ISA and repurchase the shares. The risk in doing this is also time out of the market when the transfer takes place. Maybe sell enough to come under this year's CGT limit (£11,700) for you and your wife, then ISA wrap these. Then (if below £20,000) you can fully subscribe into this years limit. Then rinse and repeat each April until you have ISA wrapped - this could be an efficient route - of course, DYOR etc.

That's the narrative - but it's wrong. Hiking rates is inflationary as it increases the cost of money - which increases the costs of borrowing and then project costs for businesses. This then is fed through into consumer prices. Modern Money Theory is a way of explaining a FIAT currency system and how it actually works. I implore you to study the works of Bill Mitchell, Randall Wray and Warren Mosler. Central Banks create conditions to kill the business cycle deliberately to cool off the economy. FX is fixed income. Yield up, prices down ;-)

Not me mate. Although I'm a trader I don't 'trade' SAV. For me, this is an investment. The $USD strength today as a result of the EUR plummeting post Draghi's comments would have had a negative effect on all commodities (as nearly all are priced in USD). The wider commodities sector is pulling back after a good run, so I would expect most oil/mining shares to suffer if the wider sector is falling and the USD continues rising. The good thing for us is that Fed rate hikes are inflationary. Rate hikes are price increases in the cost of money, ergo, inflationary- yet many thing rate hikes increase the 'price' of the USD. In fact, it does the opposite. If the Feds continue on the hiking path, then the recent USD rally is nothing more than a 'bear flag' and in the long run it will continue to weaken, which is bullish for commodities which always rise at the end of the business cycle (and peak once we are IN recession!)