Member Info for nimrod22

may have got my timing wrong on FXPO; I was waiting for it to go further down before buying back-in. I guess you cant win them all !!

surprised THS didn't go even higher today on the outstanding results, though I guess a rise of 125% over the year is not to be sneezed at.

not possible to catch the exact bottom of the sp drop, but must be close to a rise again soon, and worth several small punts.

buying on the dip

SP of db Physical Rhodium ETC (XRH0.L) up 11% today.
Top Rising Industry Sector today, Industrial Metals +2.15% as per LSe.

Bloomb... commodity index up above what it was five days ago, so maybe its settled out.

back in at 17.48p this morning. Previously sold at 19.9666p, hopefully there won't be too much more downside.

https://www.fxstreet.com/analysis/platinum-looking-for-5-waves-rally-202105201248

https://seekingalpha.com/article/4430850-extreme-opportunity-in-platinum-got-more-extreme

to buy back in as the sp has corrected by some 16%.

commodity prices have been falling since 12th May after a lengthy period of rise, maybe its consolidating before pushing upwards again. Maybe its something bigger going on in the markets? Chinese have lots of debt that is coming due and possible some defaults in the pipeline or problems to reschedule it. Maybe the markets in general would like to have one of its periodic corrections, your guess would be as good as anybody else.

another 5% I'll buy back in. Its just sitting on the 30 dma at the moment.

metals/commodities peaked around the 10th May after a tremendous run. You could see that a dip/correction was on the way (except for Gold) as there were dozens of newspaper articles some three or four weeks back stating that metals were the stocks to be in (a view I shared, but decided to opt out for a bit). Very few were saying it a year ago when the run started (not surprisingly with the covid outlook). I don't think there will be a big drop just some consolidation. The Bloomb... commodities index has been falling over the last two weeks as has the Copper price (despite all the reports of shortages). One of the favourite ways of getting cash out of China is/was to over order/pay for Copper imports so as to receive a cash payback later from the supplier (hence some of the Party's crackdown). There are several metals such as iron ore, Palladium, Rhodium etc that have multiple feeds re shortages, but can equally fall in price just as fast as they rose up. Just my view, though the last time I posted I was called an idiot by some, but I notice the share price is now 20% lower, and probably 50% for some punters that joined in towards the end of the rally.

I suspect POLY is now seen as a hedge against inflation due to its gold/silver/copper production

from another source: -
"The 9 analysts offering 12 month price targets for Ferrexpo Plc have a median target of 432.17, with a high estimate of 517.89 and a low estimate of 194.12. The median estimate represents a -8.40% decrease from the last price of 471.80."

maybe its because their seen more as an inflation hedge, which appears to be a worry.

I sold all my metal holdings yesterday, a brilliant 13 months of gains, decided not to be too greedy, its been a blast.
If Credit Suisse are correct (yesterday) then FXPO hit the target on Wednesday. "Ferrexpo: Credit Suisse reiterates outperform with a target price of 500p."

in some commodity prices appears to be China pulling some levers as their import costs are soaring "But Chinese policymakers don’t give up easily. Premier Li Keqiang — at a Wednesday meeting of the State Council, the country’s cabinet — called on officials to effectively deal with commodity prices, and said better coordination of monetary policy would be crucial for doing so. Those comments, combined with data showing a slowdown in credit growth, pulled prices back during trading on Thursday."

the suspension of Rambler from AIM on Thu, 3rd Dec 2020, how much of their own cash have directors put in to buying RMM shares?

chartists are to be believed then there's an interesting bowl shape starting in 2011: - "The bowl pattern is exactly what it sounds like -- a rounded pattern that gives a buy signal when the stock price exceeds the lip of the "bowl." The breakout should occur on high volume, at least doubling the low volume from the dip. This pattern typically takes a long time to develop and once the breakout occurs, the stock should rise to the equivalent of the price from the bottom to the "lip" of the bowl."