Member Info for Herbieridesaga

Gold recovery can't be hindering either - this is the level it was before the "oh we've got to cover our bad deals" week.

LOL - so " the train has left the station" is literal not cryptic - cheered me up no end - keep em coming. My view, the train will leave the station when no-one expects it to - how about this afternoon as markets go back into melt-down ?

Seems logical it would be gold or bitcoin stocks as they are safe havens and were doing better on Wednesday - the cause is the broken world supply chain caused by the fear of what this virus could do and actions to prevent this - we are not talking about just older people dying, that would just be the first wave. If wave 2 starts - everything sells off but money becomes worthless anyway.

But if the gold miners fall and the gold fall are due to China monetising holdings to pay for covid-19 impact it's a different situation. It will then depend if other countries do the same. If I was them I would have started by selling gold miners, then gold, then their US bond holdings (yikes) while I bought back the gold miners, then the gold. Afterall if they need to import stuff to get buy until they recover, a lower dollar suits. I agree, if it was just to cover bad trades, I would thnk gold will be back above 1600 by Monday afternoon and gold miner CFDs will be bought up that quickly as well and gold miners will be trundling slowly back up again,

People are missing the point that we are facing a "flu" 20 times more leathal than normal, that attacks and depletes the immune system even after it has been killed off, and that can be caught again, be worse the second time, and kill by immune over-reaction, and can be passed via all bodily fluids, through all body orifices (including your ears !) before symptoms. Serously nasty.

Why how who? I think China is selling off its gold and gold mining stocks to pay for covid19 - has anyone else suggested this. All my goldies down 10% - can't be premanent unless governments are switching to bitcoin standard !

I think China is selling off its gold and gold mining stocks to pay for covid19 - has anyone else suggested this. All my goldies down 10% - can't be premanent unless governments are switching to bitcoin standard !

Erm capitulation is the good sign ?? However I fancy a top up

https://wattsupwiththat.com/2020/02/17/chinese-study-the-killer-coronavirus-probably-originated-from-a-laboratory-in-wuhan/

This got deleted last time ...

https://www.dailymail.co.uk/news/article-8003713/China-appoints-military-bio-weapon-expert-secretive-virus-lab-Wuhan.html

https://wattsupwiththat.com/2020/02/17/chinese-study-the-killer-coronavirus-probably-originated-from-a-laboratory-in-wuhan/

And itsa now top of my leaders - including my 3UKS !

There has to be more to it than the market. Maybe short covering ? This is beating all my other goldies (and I think I have the best long term bets). Anyway, what's not to enjoy.

Not goldies, they will love it

3rd highest riser in my portfolio - will never get used to this..

The problem with buy backs is if you buy x back, it costs you x of the companies assets and (y-x)/(y-x)=y/y so no, the share prices doesn't go up, but those still holding shares gain more control back, which is the real aim.

Reportedly - now there's an interesting one. It started 20 miles from Wuhan at the BSL4 facility when they accidently let out bats carrying covid-19 and control bats carrying bird flu. Hey presto plagues of both. the world doesn't want to play a blame game so lets start by switching the terms to "reportedly". Before you know it they'll be saying it started in the jungles of Vietnam. They can say whatever they like - if it smells like it, tastes like it, looks like it, and was found outside a kennel that says "it" made here - it's "it"

Yep if things were suddenly much worse out there gold would be rocketing but its fairly muted.

In auction I think

Very bigly 25