RE: lak21 Oct 2016 12:06
Good Morning all.
A bit late but others are still in bed anyway.
Lakshmi,reading your reference to Bonks re. HNR yesterday evening, I got the impression he was not willing to make a hard and fast comment on which way the SP would go, even though he was being pressed for 'advice'.
However reading the considered and deeply researched XXX Wise Persons on here this morning, after due consideration, I sold off a few more static shares elsewhere and added to my holdings in MYN, HNR and bought into SML which had become affordable for me.
However, there is something wrong with my shares listing on IG, in that some numbers are now in blue instead of the seasonal red.
If it persists, I shall complain to the management.
I will, if permitted, concur with your opinion earlier as I understood it, that the probability of a rapid vertical movement northwards of PM prices is deferred pro tem.
Looking at the hourly movements of Au, Ag and Pt as well as the S&P on a large screen, I get the impression of a repeating wave pattern or whipsaw common to all three PMs but not in relative harmony or even persistent discord with the movements of the S&P500.
So, knowing precious little about the technical arguments behind this, my cynical mind suggests that the powers that be, will try to dance on a pinhead without falling off until the end of the year so that their balance sheets look 'proper' and then if things go pear shaped thereafter, it can all be blamed on the new US administration, Brexit, the Russians, China, the EU, any, and everybody else.
But then what do I know.
Bon chance.... got to go and pick the wife up from hairdressers so this ignorant rant must stop.
Who said good ?