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Niklol I think retail typically underestimates the huge risk with these names. I would consider stocks like HOC as risky as the big cryptocurrencies (BTC & ETH), this might seem odd given they mine physical commodities but the volatility, manipulation and nonsensical movements can be devastating for newcomers. HOC is now down c70% from 2020 highs, FRES down 40%, First Majestic down c60%; these are crypto and tech stock level declines.
This sector is also plagued with dishonesty. We have the likes of Neumeyer, Rick Rule, Andrew Maguire who are constantly ramping the metals and miners even as some of the latter are making new YTD lows. They're also herding retail into some of these stocks so they can offload them to "less experienced speculators", Rick Rule actually said this in one interview.
The resident rampers like MasterRSI, Bonker et al always claim to be making money but in reality, if you've been continually buying dips into a bear market that has now lasted nearly 2 years, there's no way a long has made money. The MTM losses are probably huge at the moment but some would rather continue to throw good money after bad than swallow their pride and sell.
Bonker, MasterRSI and the other rampers are all conspicuous in their convenient absence after talking up yet another dog in this battered sector...
Well it plummeted from 840 to 790 so it's clearly not due to an underlying development like Juanacipio connection is it you silly boy...
Given short interest remained low it looked like a mini gamma squeeze and now back to its previous range.
Fresnillo up was a gamma or short squeeze, nothing to do with fundamentals and complete opposite of today's hammering of PMs and miners.
Gamma or short squeeze, going straight back down tomorrow so hope everyone got out today >800p. North American silver miners down 7-11% today...
Fair Analyst asking for 'intelligent' debate, you couldn't make it up! You could start by learning to spell and constructing considered, original and coherent sentences but I won't hold my breath.
Firing barrages of endlessly repeated phrases is not analysis, fair, intelligent or an actual debate.
What happened? Peel Hunt didn't call after they f****d you?
They appear to be a UK-focused boutique firm so I doubt it's international M&A related...
Way out of your depth Deepjoy, already embarrassed yourself numerous times by getting the basics wrong yet calling other people fools and yesterday was just another example. Just stick to index and forget...
Jaguar you say? Reckon you might be an XJ man as well...
Oh well if a bloke who paid 20 quid for a half pint in the 1980s (obvious nonsense) thinks there hasn't been much inflation since then there's obviously nothing to worry about...
If you have convinced yourself that the gold price has outperformed price inflation in the past few years when all the data says otherwise then we'll just let you carry on.
I'll chime in with the fact that funnily enough your personal experience of inflation isn't the benchmark for the rest of the country or world mate...
Pound has been in long-term decline, a pound bought $2 before our financial crisis meltdown now its $1.22. At euro launch it traded north of 1.60 and now it's 1.18...
I think Slater's point is that even if gold price performance in pounds looks more favourable over time, those pounds themselves have lost huge value over the last few decades against its currency pairings. Make sense?
Anyway, difficult to argue that gold and silver have been stellar investments over the last few years and it looks like they've got a lot more to fall.
Bankrupty, you were paying 3 quid a pint and 9 quid for a whiskey 20 years ago? Where were you drinking, The Dorchester?
Slater said British American Tobacco (BATS) is up 30% in 6 months which appears about right (29%) Someone else brought up Imperial Brands which has fared less well...You seem to be arguing with yourself.
Bonker is true to his name, 49000 posts of utter nonsensical garbage.
BuggerTheBanks you're getting mixed up with BATS and IMB...Think you've got silver poisoning from licking those shiny coins.
JazzNet (also known as MrDribbles), the most tedious and deluded man on the planet.
Redinjun, Russia couldn't even successfully deploy a mousetrap. You, your laughing stock of a military, fellow Kremlin trolls and your dying leader have all failed miserably and sent your beloved country back decades.
Run along now and get a proper job...
rbrand you are not just a Kremlin troll but also an illiterate one. At least some of the others actually write reasonably coherent sentences, even if their arguments are total nonsense.
Rbrand, defending sexual degenerates, liars, war criminals and murderers. Standard behaviour from you lot...
I see Russia has conceded they've lost their 40th Colonel and 9th General in Ukraine. I wonder how many more there actually are? You lot really are the dumbest and most incompetent laughing stock of the world. The paper bear exposed for what we'd always suspected but were never truly sure!
O&G, tobacco and armaments seem the only comparatively safe places to be now.
This really was the perfect storm for precious metals and they've fallen flat on their face, it cannot be denied or whitewashed any longer. Not bailing just yet but absolutely no further exposure increase. If there was a time for them to shine then this was it.
Tfish (or MrDribbles as he's otherwise known) is as deluded, braindead and incompetent as his Kremlin paymasters. You've failed at everything from military strategy to the online information battle and been exposed as the useless fools we always suspected you were. Thanks for confirming.
I'm loving these latest ICBM flexes in Moscow, they're probably hollow, it's getting nearly as cringeworthy as North Korea now...