Member Info for OracleofOldham

26th MAY is next Glencore update not April.

I see Russia have been pushed so far back they now have to bomb their own cities!

Could be right thread though lol

yay only 81% down now!
Whatever happens I think this one will be chalked down to 'experience'

"There's only one absolute tool on this board"
Actually ND there's a lot of them (including you!), totally ruined this board with constant rubbish one way or the other that mainly has nothing to do with Polymetal, and often reality.

The Bank of England has not received any requests for dollars through the new operation announced by the world’s top central banks last night.

According to Reuters, the BoE said it received no bids for dollar liquidity at a first daily seven-day repo operation that was launched on Monday.

That suggests that UK banks were not desperate to get their hands on US dollars this morning.

A single eurozone bank borrowed just $5m from the European Central Bank through the new dollar swap facility set up by the major central banks last night

Zero liquidity challenges even without the extra on offer.
Hope you sleep better tonight.

https://www.reuters.com/world/uk-help-kazakh-exports-bypass-russia-seeks-critical-minerals-2023-03-18/

Didn't see this posted on here.
Having UK trading houses trade Khazak shares would be convenient

SNB are illiquid not insolvent.
They put too much money in long term bonds and the increase i interest rates has reduced the value of those bonds (If a 2 year bond pays 3% now, one that pays 1% is obviously not as valuable.) However this reduction is ONLY if you have to cash out early. If you hold the bond to maturity you get the exact money back you put in (plus interest) no matter what the market value might be so the FED will just pick this money back up as the bonds mature.

C. Suisse issue is a long term problem they've had that's come to a head. It's not linked to SVB at all it's just similar in that it's been badly run and made some very bad 'bets' like Archegos. Both have low liquidity one from too much money in fixed term income and the other because it keeps getting fined and losing it from fraud.

Lots to try and explain in writing but simply put there is no contagion. In fact if you check, most years there are a few banks going bust.

Had to sell a bit here yesterday as the drop in market left other stocks too tempting, seeing this stock as a bit of a hedge at moment and loving today where we are up big and rest of market is down.
Few more days like this and might have to reallocate some more, unless new ISA year hurries up

This might be the dumbest thread on this forum, and given this forum the last year or two that is quite the accomplish.
Everyone reading this thread has lost IQ because of it

you can't compare the state of major banks now compared with 2008.
Much better solvency, funnily there's been talk of reducing the amount of liquidity banks need to hold, this should quieten that chatter down a bit.
Even SVB aren't 'bust' they are just illiquid and it's only the crazy emotions of the herd that has caused it to fail by trying to take out all the money in one go.
Luckily for us the same herd mentality means we get to buy good, unaffected businesses for a nice discount when such fears surface.

yep nice flash sale

Moldovia and Georgia probably don't think that.
They probably think about bl00dy time

I don't ever trade charts as I don't have the time to jump in and out of stocks but it seems we are right at the bottom of what has been an ascending trend.
Needs to get back to 236 sharpish or could start a new trend and not to the upside.
If it does get back in the trend it wouldn't bang it's head against the top until about 380-400.
Like I say I don't trade on these but people on here seem interested in shorter term direction

Carlit you talk about holding in poop then mention cine.

If you are really that gullible to buy cine shares you need to listen to my mate Danny and his thoughts on buggy whips.

If you are up pal take the money and run!!

https://www.youtube.com/watch?v=uIty7vFwVYM

People aren't here to talk about this stock they are hear to spout rubbish about the war.

Until debt in Riyal, Yuan, or anything else is 'trusted' even close to dollar debt this is just clickbait.
Whilst china's second currency the HKD is pegged to the USD it isn't even worth discussing but I know it's the weekend and people are getting withdrawal symptoms from the market.
Just know you are speaking abut something that is not even being considered.

https://www.theguardian.com/world/2023/feb/24/zelenskiy-open-to-chinas-peace-plan-but-rejects-compromise-with-sick-putin

"Ukraine's President Volodymyr Zelensky has said he has not seen any Chinese plan for bringing the war to an end, but it would be "desirable" for Ukrainian and Chinese representatives to meet.

Beijing - an ally of Russia - has indicated that it will be releasing a "peace plan" for Ukraine.

Speaking during a news conference in Kyiv today alongside Spanish Prime Minister Pedro Sanchez, Zelensky said: "We would like to meet with China."

"This is in the interests of Ukraine today," he added in comments quoted by Reuters."

BBC

https://www.ft.com/content/7bccd4dd-44a3-4719-8b3d-16a6cd1ea928

China rolls back unconditional support for Russia
Beijing is keen to repair ties with its leading trade partners in the west