RE: GEO politics will send oil sharply higher9 Oct 2019 11:27
Why would the Chinese deal with trumpster just now as he may well be impeached before too long? With him gone the trade war ends. But that in itself would probably spell disaster for the markets. Who the hell knows what's going to play out in the US, the whole thing is a lottery.
US repo rate shenanigans, QE4 by Xmas, brexit, Europe economy woes, impeachment, HK riots.... this could make last Autumn's lows a picnic. Time to batten down the hatches.
Bought a small amount for 16p this morning and once again it's showing as a sell. How low will the sp go before its reversal? Come on management get a positive rns out and end this misery.
QE4 before Xmas along with negative interest rates not to mention the smoke and mirrors surrounding the repo market will send PM's higher before too long. The current pull back is only natural after the 20% rise over the summer. I've been adding to my PM holdings during the recent weakness and so should you.
Do you go with some wet behind the ears UBS broker or with a company with a century of mining experience led by a good management team? I wonder? This for me is one share I buy on any dips and tuck under the pillow for keeps.
However UBS are seeing the new acquisition as an incremental negative and therefore have cut their target price by 10p to 250p. I will take a contrarian view on that myself as I rarely follow broker comments.
New management just need to find their feet. Plenty of potential if they get the tech correct. Had announced lot of housing contracts not that far back so would expect that to start feeding through. Talk of the potential of a take over on other chat forums today on this one, but I take these with a pinch of salt.
Most PM's sp's down today due to pre US markets showing a slight bounce when open. Dow is down over 800pts this past two days so only natural, but the trend is down for the Dow imho.
The rare earth metals market is dominated by China. With the US wanting to sever reliance with the Chinese they will have to get these essential elements to make EVs from elsewhere. Personally I think it's very forward thinking by hoc and represents only a small punt in their annual turnover anyway. My local Volvo dealership has just folded due to the public not buying because they ultimately know that a huge C change is happening with EVs being the way forward. The public want to wait and see basically no point in buying new diesel or petrol just now, let's just wait and see. https://www.proactiveinvestors.co.uk/companies/news/903978/hochschild-to-become-one-of--lowest-cost-rare-earth-producers--after-acquisition-of-chilean-deposit-903978.html
Best not to look too often at the sp on days like this. PM's is the place to be at this time imho. With the PM's gain's these past months it will ultimately lead to higher profit unless a black swan event. But up to every individual of course, does one sell and buy back cheaper? Personally I'll hold.