Member Info for Ken23

It looks like gold and silver are now teeing up for a nice rise so I loaded up on FRES yesterday just before 1.00pm at a price of 1269
Also got a nice big holding in CEY at 201
I really can’t be bothered trading anything else until the markets settle
ATB guys

I dumped a load of FRES this morning on open best price I got was 1330 I was amazed so ended up rapid fir and ended selling 9000 shares averaged at 1324 after all sales.
Also dumped a load of CEY AT 210 but bought some back just before close tonight.
I sold approximately half my holding in both FRES and CEY as I wanted to lock in the profit
Hope your doing well.
ATB
Ken

Looks like the DXY is heading for 89 level before any substantial upward movement back to the level it hit in March 2018
All bodes well for my gold and silver pot

By the way guys GSK being damadged by the strong GBP which is also putting the footse under pressure
I see a lovely bounce in FRES & CEY at open and a steady rise through the day

Jesus Bhp selling their coal mines I recon IVAN will be strait in there he loves coal

BP is looking tasty at mo for a6% yield at mo but may drop bit more if oil comes off the boil

TROAJAN ffs I wish my bank account would go up as quick as that debt clock lol
Some interesting figures in that display , looks like national debts getting out of control
Let’s see where the DXY heads when the next few trillion of stimulus hits the market.
ATB
Ken

Ye that’s the Uk what’s USA going to be absolutely colossal

We are there for 2 nights Sunday and Monday, no pressure I’m sure we will meet you at some stage in our adventures have a great day
Ken

Ye been working trying to help my lads out we got so much work we can’t build the tennis courts and multi games areas quick enough.
As for copper well I’ve lost interest there as I moved a lot of money into FRES and CEY after selling a fair size pot in KAZ and missing the extra rise from Kaz made from 403 up to current level but as it happens made the right move into FRES an CEY as they’ve improved beautifully may I say from mid April.

I still hold some CAML but not traded it just going to let it run.
I’m currently looking at taking some BP at say around 265 as my mrs has just retired so looks a good buy at that price for a 6% plus years retirement fund.
Anyway if you want to join us at the meeting on the 13th I have reserved a place at the table for you if you want to join us for an evening meal
ATB
Ken

Ye that bounce in DXY Wednesday was a sucker bounce it’s trending towards 89 on the long term charts and the way the yanks are printing trillions of dollars can only do one thing and that’s devalue the dollar against other currencies it may take a few months but it’s getting there slowly.

By the way hope your well glad to see your still posting
ATB
Ken

Results not great profits down and debt up wonder how this will affect GLenda today

I just listened to Cramer on that link you sent through and will be keeping a very close eye on silver and gold in the near future.
Regards
Ken

Hey Billy if it makes you feel any better I bought a tranch in CEY AT 228 thinking I could make say 4p a share haha then watched it fekin drop to under 200 so I doubled up and collected the 4.6p divi but I’m still 6% under at the mo but I recon there’s a very good chance I will get that 6% back this week when I do I will sell half and leave the rest.
It’s a tough market at mo as there’s no telling what way things are going.

Ow I made 10% on EVRAZ last week got in at 318 and out at 350 it goes XD next week so I recon it may drop back couldn’t resist banking the 10% over a few days.

Billy I can’t believe you bought into TUI in this current period of the covid situation, as the travel industry is a fekin no go area I would say for at least 6 months to a year.

I’m not saying I would never buy into TUI but let them rise for at least 2 months first
I know how you feel £1800 under but that’s not the end of the world billy just be careful next time.

https://tradingeconomics.com/commodity/coal#

Feb look at this chart now glens AISC for coal is $44 per ton now look at coal in May 2018 you will see why they have declined so much

Feb
Look at a Spot coal price Chart you will then se why glens not rising.

http://smh.com.au/business/companies/glencore-to-suspend-hunter-valley-coal-mines-as-china-restricts-imports-20200807-p55jlw.html

Bit of light reading guys for a SUNDAY
Ken

Grow up,
You make some good points and that’s the main reason I bailed out of glen a fair while back every time it was improving another spanner was thrown in the works.
Is fed up transferring my holding into KAZ and really glad I did I got lucky and KAZ improved much better than glen but unfortunately I soldoutof KAZ at 403 after collecting the divi so missed out on a nice rise up to 570 but that’s life.
By the way I been heavy on FRES for a while so it’s all coming together again until the next mistake lol
ATB
Ken

2020 distribution
? In light of the continued uncertain pandemic/economic outlook and prioritisation of acceleration of Net debt into the target range, the Board has determined that no 2020 distribution will be made.

No divi this year unfortunately.

Yes your correct in what you say, sometimes you have to sacrifice in this game and have what I call a rerack.

I was in HGM when it languished behind gold and just held onto it as gold was improving I was avrage at 230 but bit passed off when that offer can in at 300 so sold out as it was never going back over 300
I’ve been topping up my FRES holding all the way from 670 so we’ll happy with that one and I’m very heavy there now I also took some CEY at 200 happy there as well also traded BP and sold today at 314 put proceeds into EVRAZ was going to go into EVRAZ yesterday as I felt they were well underpriced but FXPO results were amazing this morning and pushed EVRAZ UPso mised the rise but EVRAZ report tomorrow so my gamble is it will be good and push it up another 6 to 8 % Things are doing very well for me at moment
ATB
Ken

I’m afraid it don’t look good pretty much all production is well down and I really don’t see how they can say they are sticking to guidance in these unprecedented times of shear uncertainty.

Well the proof will be in the pudding on 6th August when they release H1 financial results.
Sorry for being gloomy in this but I think they’re papering over the cracks at present.
Ken