Member Info for Kando

@JonnyTwoToes

At no point have I downplayed the pandemic nor mocked a country's response to it while bemoaning the performance of a share. I have unwaveringly put human life before my sentiments on a stock. Show me otherwise.

Exactly. As we all know, anyone who isn't as hopelessly and desperately bullish as you is a shameless shorter. Therefore all use of data, trends and other represetations of reality that don't champion 150p by summer are null and void.

You've played the "Shorter" Uno card.

Whatever helps you sleep at night.

@heardy "Unfortunately people don't look at the real perspective as they have been conditioned by the media and the experts, or have they just forgotten how to do percentage calculations. 98%+ survival rate!"

You know what else had a 98%+ global survival rate? WWII

I suppose the evil media and those minacious experts shouldn't have reported on that either?

Heaven forbid human suffering get in the way of a good stock market investment eh?

Disaster capitalism in a nutshell.

I still expect it to continue to drift downwards, perhaps to the low 90s over the next 2-3 weeks before it decides its next move. A loose guess for the near-term low point would be ~87p - which is perhaps unlikely this week, but more likely sometime after, in early May.

Whatever pays the bills eh

Looks like it might break back above 1800 for the first time in 2 months.

While I mostly agree. The devaluing of a currency is an inevitable consequence of money printing, it just takes time to soak into the system and see that impact. Gold will hold its value while the currencies around it depreciate, materially raising the price you pay in those currencies. Central banks don't have much room to maneuver when it comes to raising rates in the next 2-3 years else they'll quash any recovery. Instead they'll let inflation run hot, as JP has stated is their intention - which is incredibly bullish for gold.

Where that leaves Fres, it's hard to project, but clearly it isn't unreasonable to expect it back above £20, especially after production issues are resolved.

Personally, my expectation, given that in the US, a third of all cash in existence has been printed in the last 12 months - with similar money printing across the west, is that inflationary pressures will build over the next 3-4 years and gold will hit $3-4000. It won't happen overnight, but the history of PM prices against loose monetary policy indicate that it's probably almost inevitable. The last 3 months have been not the end of the bull run, but a pause.

With that out the way and PM's moving upwards on global case numbers/inflationary fears, could drift back up to ~960p over the next few weeks.

Brent still rising strongly. Will hopefully see a continuation of the rally here up to 18.50+ from 14:30 to close.

Personally, I think it will approach closer to 19 today, having bounced up off something akin to support at 17.1. Naturally, however, it's not an easy share to predict. Brent is moving in the right direction though, and HBR built up some momentum this morning.

It *appears* to have found support at 17.1. it might turn out not be the bottom but it*could* at least bounce up a little from there in the meantime.

"Patience RR. RSI is oversold"

But again, it isn't... It's 35 on the 1h and 1d.

Yes it can be. That's fair. I personally use 20, especially with volatile recovery stocks. Either way, the current hourly and daily is above 30 so I wouldn't use that to rule out any further decrease.

Depends on your definition of oversold then. Hasn't dropped below 20 once on any of those intervals.

Expect it to try out 92-96p range in the next two weeks. From there it's hard to predict. But so far It doesn't seem oversold.

Snake, I think you'll be more than fine. There's no reason for a 11% drop in a single day. It's more likely to bounce a bit around 96-102 for a while again before continuing the downtrend, if it wants to, over the next few weeks. 88p is definitely credible, even 78p, but I think it's going to take a few more weeks of 2-4% daily drops and periods of stabilization between.

Bvcxz70

I'm not holding. I've been clear that I thought the share price has further to fall and have said so for the last month.

If you understood it, then it makes your comments very bizarre. Think you need to do as you say, and do more research. If you're waiting for £8 post-rights you'll likely be waiting a terrifically long time. In the entire privatised history of the company it hasn't been valued at a third of that. Equivalent to nearly £22+ pre-RI.