Member Info for Mando_

lol I take it all back!!! (only joking)
I'm just glad I bought in early...
What a mess of a day! Nightmare!
Wondering now if I just sold out at the bottom at 109p. I hope not...

From the "POLY Share News" button on this page:
"Miners were amongst the worst performers in the FTSE 100 early Tuesday, reversing gains after topping the blue-chip index on Monday. Anglo American was down 2.6%, Rio Tinto down 2.3% and BHP down 1.5%.

Amongst a handful of blue-chip stocks in the green was Polymetal International, up 0.4% after Deutsche Bank started the precious metals miner with Hold."

13:12 168k
13:13 171k
Already achieved the daily volumes of Thursday and Friday last week.

I've been thinking this for some time now. I think it just makes precious metals, (and stocks in general), and bitcoin potentially more volatile as the big boys play between them all to maximise profits

Looks like a classic head and shoulders move on gold and silver forming in the minute charts. I pulled out just in case for the short term play. GLA

Big miss on the non-farm jobs data in the US. Inflation is lasting longer. People not going back to work quickly enough, possibly a slower US economy recovery implied. US taper potentially pushed back to 2022, but I doubt it.

Yep, I banged 10% of my portfolio value into CEY and POLY on the announcement. Immediate return.

I've not been on this group for a while but I just wanted to go back to this old thread to thank Redtom again.

Without your input I probably would have sold right down at around breakeven, but instead, since your support comments and my continued research I've bought and traded DEC since on the way up.
I sold about half my shares again a couple of days ago on the 6th October when I feared a potential decline, prior to me seeing the acquisition growth news, so I now regret selling slightly, but I'm very happy with my profit takings so far, my 2.5% portfolio stake, sitting currently 15% up since I first spied and bought DEC at 104p back in June, and that 15% is excluding potential dividends which I'm sure will continue to grow with the share price over the next few years, especially considering the clear continued support from Oaktree. And that's despite the Global Green Agenda which is going to take decades to implement fully in my opinion (being a bit of an old man and having seen the pace of real change in the real world - I remember being at school 40 years ago, being told by a doom and gloom speaker that fossil fuels would run out in 10 to 20 years lol, back when even Thatcher was going along with the CO2 story but only because she wanted to move to Nuclear power to prevent the coal miners continuous striking and having one over on her lol!). But I'm rambling now lol

Sincerely Redtom, once again, thank you.
Cheers :-)

BERENBERG CUTS CENTAMIN PRICE TARGET TO 137 (138) PENCE - 'BUY'
JEFFERIES CUTS CENTAMIN PRICE TARGET TO 170 (175) PENCE - 'BUY'

BERENBERG CUTS RIO TINTO PRICE TARGET TO 5,400 (6,900) PENCE - 'HOLD'
GOLDMAN CUTS RIO TINTO PRICE TARGET TO 5,400 (6,910) PENCE - 'NEUTRAL'
BERENBERG CUTS BHP GROUP PRICE TARGET TO 2,200 (2,300) PENCE - 'HOLD'
BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 4,100 (3,900) PENCE - 'BUY'
GOLDMAN CUTS ANGLO AMERICAN PRICE TARGET TO 3,700 (4,300) PENCE - 'BUY'
GOLDMAN RAISES GLENCORE PRICE TARGET TO 470 (430) PENCE - 'BUY'
BERENBERG CUTS POLYMETAL PRICE TARGET TO 2,200 (2,300) PENCE - 'BUY'
JEFFERIES CUTS POLYMETAL PRICE TARGET TO 1,725 (1,900) PENCE - 'BUY'
JEFFERIES CUTS FRESNILLO PRICE TARGET TO 1,280 (1,300) PENCE - 'BUY'
GOLDMAN RAISES ANTOFAGASTA PRICE TARGET TO 1,750 (1,700) PENCE - 'NEUTRAL'

Maybe, maybe not. It will be interesting to see if we have a breakout today. I expect this afternoon to possibly reverse from about this point (4939p), due to this being a resistance line over the last 2 weeks. Maybe there will be a drop tomorrow from fear around the Non_Farm jobs report, but people still need materials and there is probably a back-log of demand due to the pandemic, so dropping much further from this point I think is unlikely as we will be going lower than the height of 2019. Clearly a drop is still possible, to maybe 4367p or so, but I personally doubt it. China will not allow a crash in their economy. Their regulation changes around birth rate restrictions will ensure a continued growing population to support their aging population. A can't see demand for materials decreasing.

Massive volume 174k traded at 08:36 which is a massive amount for normal trading hours
Showing on trading view as a green line

So far I'm really pleased I overloaded in Poly yesterday. Personally I think around 1500 is a fair price for Poly based on average gold prices over the last 6 months.

@MarkBell, agreed about the traders on here. I'm more a medium/long term investor looking at stocks with good potential, with an averaging down strategy mainly

Bloomberg news just talked about the trading update in a positive light and said the news could give the share price a boost.
Fingers crossed.

Nothing new in the update apart from the positive line about increased volatility and volumes in September. I think everyone knows that the volumes in March/April 2020 were crazy so performance in H1 this year was never going to be as good as year-on-year, and this is already backed in to the price. I think October & H2 volatility will also be high with Evergrande and the US debt ceiling issues causing volatility. I've held so far and am praying for the best - it was a gamble.
Based on three daily swings this stock can just about be traded for those willing to take the risk, but for me (and I could be wrong), the stock is still under valued based on cashflow, PE, potential growth and dividends.
Some positive news on the debt ceiling least night with an olive branch given by the Republicans for an extension to November.
GLA

GLA

Lol, the market has it wrong or we do... GULP!!
I'm in the same boat as you. CMC is my biggest position at 12% of my portfolio, when most of my stocks are at 2% or lower...
I'm holding through it though. 90% FOMO of the potential huge gains I believe there are to be had in this company, VS 10% fear of a potential huge drop if the news is bad. I've thought about trading daily swings or cutting paper losses to improve my position but my concern is I'll be out of stock just as it rockets (to the moooon... lol).
I've got everything crossed for the CMC announcement this week. Fingers, arms, legs, toes, eyes...

But my gut feel is the news will be ok. I've looked at google trends search for "CMC Markets" and this year the search is definitely up vs 2019, and had been on an upward trend over the last month, so I think people have been returning to the site after Peter Cruddas announced their slowing. I also think with increased volatility were seeing there will be more trades and more profit for CMC.
Good luck all.

Hi Both, Sorry, some mis-understanding about my post in this thread. My sentiment was mainly that the POLY drop on Friday I thought would be more a temporary measure while major players seemed to be moving more money into Crypto rather than shares over the last 3 days of last week.
It was more a question around would we see a shares increase this week and a reversal of crypto. I was a bit frustrated as the exact gains I had on Thursday were wiped out on Friday and many of my shares traded against my expectations, especially in materials and PM miners which are normally more connected to the the prices of their related materials. Money certainly didn't have cause to go towards bonds, so my thinking is that the major players are using Crypto more and more now. We'll see in the week, but low and behold Bitcoin hit a resistance line at the end of Friday and has held there over the weekend and so far today. I just thought it was interesting.
I'm pleased to see we're seeming to hold a support line on POLY now. I can't see it going much lower in the short term. I think 1135 may be possible, but my portfolio currently has 25% cash to help deal with potential bigger drops

What a bad day today on so many of my shares. Gutted.

Nothing traded how they normally would:
Gold/silver up, CEY & POLY down
Some good economic data from the US - All the banks massively down
Some recovery trades did ok - IAG, RR, CPG, EZJ, JET
Miners did really badly, despite Iron, Copper Silver and Gold up - AAL, RIO, BHP

The only think I can see which has done really well today is crypto... So I'm guessing the major players all got together and decided that today would be the day they would be buying Crypto...

So I'm assuming there may be a sell off of crypto next week, with stock markets recovering a little.