RE: Finally22 Apr 2020 13:26
We are a herd of tortoises and have all been insuring waiting for something like this to happen As wise Prof says I too have far too many Cey, just over 45% of my portfolio, though sadly I also have 20% Hochschild and some Fresnillo so ¾ PM’s. However I expect the market to fall further, as I think that the economic outlook is somewhat apocalyptic if governments continue with pursuing a really large depression, and I really can’t think of anywhere else I’d prefer to be just now, except gold itself - hoc tumbled as had to close all mines from Covid shut down. Like Bank of America I see negative real interest rates helping gold. I think as long as the wider stockmarket descends in a relatively orderly way we should shine, unless hit by Covid or a black swan we just can’t know about, mining is always a little precarious. As Dansul says Cey has done very well in these circumstances and if gold rises, as prof says, Cey could easily go above £2. I now have the smile on my face Prof promised, I wondered if he has added as I, a scary £75k in last week, with the Glencore I turned into Cey yesterday, and the overdraft used last week, so far good..for once, but Inhave been caught before and then just hang on