The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
@Bushy
I was having a chat with a client of mine who is a small hedge fund manager (a bad one at that...his words not mine ha). He is very bullish himself, I sent him a message on if he believes we will hit $2100 and he reckons its a matter of if and not when and depends on when the US officially goes into recession.
* Make of that what you will, he is more a numismatic player than someone who buys bullion.
Hey Bushy, I am a metals trader ha.
it does work alot different for me though I don't use contracts etc, I simply make a spread on the individual merits of the coin/bar. Probably why I was so fixated on the spot price thinking it directly translates when it clearly doesnt.
Its nice to see a sustained rise, hopefully with a stable gold price above 2000 dollars it might give us legs to run through the teens.
I think this is only the beginning of the gold price personally - Too many issues that need confronting globally. Governments are trapped they need to raise interest rates to curb inflation but risk crippling their economies through defaults, I believe there will be more QE I don't see how they can't.
*I am not saying anything about timeframes things take a long time to unravel its rarely an impact collision but more the straw that broke the camels back.
Morning Bonker,
I have a website up and running but in truth I have no ambition to start selling via the website, working as a secondary dealer the stock is never in long enough to justify it (unless I built a team). You would be shocked but I can do 50k a month in sales via social media without the website/physical presence/advertisement etc etc
in terms of HUM, I dont think its a dead share, I do think there will be a share price rise in the mid term - Will I be buying more - Nah Ive hit my limit on this company!
Just added shy of 305k shares from my DLG position I sold down.
Brings me down 12.2p a share. If I am wrong its going to be a painful life kicking event haha but I have a feeling this can at least get back to 20p if gold goes back into the spotlight regardless of Mr Betts being not so god at his job.
I will add as I am a professional coin dealer by trade. In terms of sovereigns it really depends what they are. As a dealer I pay spot which is about 346 ish at current prices but 335 is in the bounds of respectability when going to trade. If there is anything nice in terms of condition or something that is rare you will get more money. :)
As for HUM its been the gift that keeps giving ha, Im down maybe 80% but was happy to ride or die when I bought.
I think it was the choice of name that threw me more than anything, its just very meh.
Saying that does it matter if they make all the right moves - probably not.
I do have an open question if anyone has the answer it would be most appreciated. On the new website, it has no mention of the hummingbird royalty in Africa. Did the company divest this and I missed it?
From my perspective, I dont feel its as bad it looks. I run both a sole trader business and a limited company, covid was a bumper year for a lot of reasons and it would be unfair to expect same levels of profits. I deal with alot of entrepreneurs and businesses for my line of work and margins have been squeezed for most businesses, its all a cycle and it takes to to re-adjust. Direct Line has a lot of very quality brands and people either need to have insurance by law or don't skimp on it in bad times, so its just a case of improving the margin rather than worrying about huge losses of customers (or at least how I see it). I think this is a share to tuck away, I think the dividend will be maintained whilst it re-adjusts. Ive put my money where my mouth is and backed it with 20k if I am wrong sometimes thats how the cookie crumbles..
I bought another 5k yesterday to completely fill my 20k ISA Limit. I was going to hold powder dry but I was convinced the market had overdone it and got trigger finger. Happy with my 9361 shares and Ill revisit it next April to see if I want to build a bigger stake with my fresh ISA allocation.
Ive just bought another 7.5k, Bringing me up to 7237 shares. If Im frank it doesnt bother me if the share price drops lower I am in it for the Divi, Im very fortunate I dont need to access the money for at least 3 years and if they slash the divi in half Id happily take a 5.5% divi on a solid company. Ive kept 5k powder dry for my ISA incase it drops, if it doesnt drop and the divi holds then Im happy to hold knowing if I build more of a stake I have a solid income moving forward. Not an expert make of that what you will - I am a gold/silver coin dealer by trade and usually buy into mining stock when it permits :)