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Only if they sold...if you want to hand me my arse you have to buy it first ;-)
Was highly leveraged long in PM got handed thier arse. on a plate due to that manipulated flash crash planned at the most illiquid time on a Sunday night...Would be interesting to see who the sellers where & buyers at 1680 at that time. Discusting.
1680 was the lower support line for gold, check the chart how it was played. That must be the intermediate cycle over now & possible next leg up. Not the way I was thinking it would happen mind
On the subject of property i was berating a poster on another BB who lamented that Northern ROCk(guess they were an investor) were hard done by government. To which i said please explain how a company that doled out 125 perent mortgages putting the buyer in immediate negative equity without immediate 25 percent house price inflation was hard done by ? But i also acknowledge whoever was at the top in the regulator FSA should have been dragged out of their ivory tower and publicly flogged for allowing such a thing !
When it comes to property it's not the rate it's the outstanding capital which is MEGA these days. unfortunately new entrants to property like doey eyed first time buyers they have been conditioned to ignore the Capital amount borrowed and focus on the repayment....this is the financial equivalent of a Roach Motel. There aare some schools of thought EGon Greyez eg...who reckon there will come a point when rates go through the roof and metals do as well in unison....of course if you had shed loads of fres that would be the perfect hedge.....but you would be in a tiny minority
Just look at some of those analyst reports they are doing someone's bidding higher up in the food chain. If not some of them must literally be as dumb as. I'm no way the best on here but I can read POLY and FRES reports better than they can or else they have some bias. Having beeen in FRES for some time it's updates are OUTSTANDING....the PRICE OF SILVER is ENORMOUS to all the times i have been in it....a silver squeeze could happen....and it's sub 800 p ....ARE YOU HAVING A LAUGH ? This should be DOUBLE
It's quite clear to me this and POLY are subject to nefarious moves....shaking out weak hands or triggering stop losses (which i never use). Just tells me the city cowboys and their ilk want these shares but as they are cake and eat it merchants they want it all on their own terms.
Just looking at the rigmarole to take a Tui trip to Greece...what a pallaver...so i got the double jab i have the covid passport so you want me tested left right and centre on the way out and on return.....I went last year NO PROBLEM...so i took the vax did what was asked....and this is just me not the family...which would be rigmarole and pallaver multiple times...STREWTH and i hear some govt minister in charge of climate change has done 30 trips inc red countries with no hassle whatsoever..and govt spokeman said same rules apply as to ordinary folk....no they do not he used his privledged status as a crown employee....don;t p on me and tell me it;s raining
And as for HOC i now steer well clear...after the honey trap when the free float was increased and sold at a discount..caught a lot of institutions that one...i actually sold 10 mins before close the previous day....by sheer luck