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The crash was because of Covid and almost everything went down pretty much, the next market crash could, most likely, be different. Aren’t those the same reasons you hold gold for? Having something put aside in case there is a crash - I see it as both gold and bitcoin being correlated and if there is a crash people will go to safe haven assets, Bitcoin is the same - it’ll be down to behavioural bias in the end. Rambling a bit, but I think Condor will do just fine :)
He also bought into gold a little while back, I believe he has been long on gold for a while too, compared with Buffet he definitely looks to gold as a safe haven asset. I do think this sudden turnaround could be very good for the gold space in general. A man who publicly has slated gold before has just gone and bought $563 million worth into Barrick, big statement. I also think that Bitcoin could do well, the ‘digital gold’, people may flock to it, but also gold will start attracting the herd too
You mean waiting for one bus at the bus stop and then suddenly they all turn up at the same time?
@pawnking, if you are in then I guess it’s not an issue as we are all in for almost the same reasons. I thought you said you were not in, sorry. My average is 46p so if it goes to below that then I will average down. I doubt it will though, even if HMG takes that sweet a** time about things!! :)
@pawnking Inmo you shouldn’t try and time the market, someone much smarter than me said that and it’s true. what if news hits and you’re not in ODX at that point then that’s potential profits you’ve wasted by being out. Better to be in and average down if we do drop in sp, I case news hits then all good, than being out and trying to time things - that method won’t end well. News is imminent, we all know this.
Why end of September when as an investor you will of course know that there is more news due outside of Covid related products. HIV and food intolerance. I think you should consider increasing your timeline a bit, well that is what I am doing, I am waiting until Q1 2021. ODX has a long way to go yet and we still don’t know its full potential...all of us might be way off the mark when it comes to predictions about how well this company will fare. Come January next year so many Things will be in place, orders rolled out, Elisa, Mologic updates etc etc. The list of news due will keep me happy for a good few months at the very least
Spending more money on something that is not proven, making more mistakes and putting hope in something that is not validated or confirmed yet. The government are hedging their bets and are buying around 340 million vaccines and don’t even know if any of them will pass safety and effectiveness. If any of these trials succeed the delivery will be well into 2021 anyway, so thousands of testing will need to be done beforehand, that’s where we come in of course
https://twitter.com/phoenix_copper/status/1293192158757953537?s=21
Copper seems to have held up a bit, despite the price of gold and silver taking a hit........... these little bumps that we get really mean nothing. Breathers in gold and silver might affect us short term, but as LTH (which probably most of us on this board are) we are here for the silver, gold, copper, cobbalt etc .... People might be put off with the risk in commidity prices, but I feel this is negated because of the jurisdictional area of PXC, which in turn is significantly reduced in our case. It is amazing to think that ONLY 1% of Empire’s potential ore system has so far been explored/exploited, so far...! Just to quote directly from the Hardman report "Geologically, the deposit shows similarities with Antamina in Peru,
the world’s largest skarn-hosted copper mine. Further work will confirm whether there are additional copper-tungsten-molybdenum porphyry resources at depth".. The way I see it is that the demand for copper will increase more and more because of the shift in major companies' views on climate change. Copper will be a big component of that, which will be hugely profitable for PXC. I wonder what a Biden administration will look like and how will tensions with China fare - the Trump administration has seen tensions flare as we know, which had a knock-on effect on the price of copper in terms of the trade war that went on. Many elements of Chinese strategy respond to their perceptions of USA, their overall national strength and particularly their perception that the United States is not becoming stronger but is in some sort of a process of declining as a great power. Biden's strategy in part aims to reverse that perception inmo...Biden just needs to build a relationship with Xi that Trump was not able to. Anyway, I digress...I think in the short term we are fine because of our diversification on offer, but long term our potential is HUGE. Anyone have anything else to add to this? Thanks, Harry.
Even without numbers/dates, I know CK will deliver when they have all the things in place that is necessary to release certain bits of news. As you all know these things will take a bit of time, especially during these times of hardship. We just have to remain patient and trust in the company we have all put our money in and trust the BoD. I know I trust them so I have no concern and I cannot wait for what they have in store for me!
Loads of news is due;
UK RTC home use approval
UK RTC UK Gov order
UK RTC ODX supply agreement
UK RTC non UK Gov orders
Completion of Tech transfer and commencement of commercial production
Scale up of production
News on science of antibodies
Elisa test further approvals and orders
Elisa test finger prick update
Mologic lateral flow tech transfer
Mologic lateral flow orders
Mologic antigen tests
Food test self test approval
CD4 test WHO approval
I should be topping up a bit next week (10k hopefully, been building a couple weeks for it...), but nowhere near all you old timers ;)...... it feels I am a part of something special here that is about to happen and I really hope that, not just for my sake, but all of you LTH are rewarded for your patience. It must have been very stressful at times to stay on course and not let emotions get in the way. Building up £500k and £650k etc etc is really something. I hope your expectations and dreams materialise into something special. I have seen some sp predictions on here, but this could blow our minds and we could all be way off with what we expect. GLA and I cannot wait for the coming months and next year to see what it will have in store for us.
We may see that trickle into stocks as well. We are in a secular bull market and within that there will be many 10% or so corrections, ideal opportunity to buy the dips if that does happen. I think we might be due a correction in gold so we just need to be ready for that, but nothing to worry about long term imo
Wow, where did you come from !! What a load of tosh
maybe they know something we don't!
This is from the link that Tester posted the other day “ One insider spotting an opportunity and using personal funds to invest is always interesting. Two insiders getting in on a market that no one else considers investable should get you to immediately research what the heck is going on” pretty sure Condor is the latter part of this, we have Mellon and Beaty do we not?