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.
I t seems to me that over the next few weeks the dollar is likely to strengthen. This largely due to total paralysis in the US concerning the desperately needed relief package . Dying days of Trump presidency likely to be very disruptive.
Having read the various tales of woe, my experience might be of interest. Back in early August ,having done a little basic research , I decided to buy one million shares at 0.22 p per share. What happened over the next two months was just incredible and I thought correctly unsustainable, my initial investment at one point being worth in excess of 30,000 pounds, I decided to sell half on this spike and am now looking to repurchase aroiund the 1.1 p mark as I am convinced this company will come into its own next year with the various irons it has in the fire.
Acceleration either up or down is a trend ending characteristic. That trend could well reverse when a reliable covid vaccine is announced , not too far away in my view. I think would signal a rapid rotation from overvalued tech stocks into industrials.
many moons ago I floated the idea that not enough attention was being given to the security situation in the country. My idea was met with derision.
On corruption, having recently returned from 17 years in South Africa, you will never find a non currupt government in Africa.
Its a cultural thing !!
.... But gold is appreciating in all currencies including dollar, unprecedented money printing and helicopter money now. Can't print gold !
Just a thought
Let us not forget Shells substantial positions in Natural gas. Natural gas prices have bottomed and are
now on the rise. More than half of US generating capacity is now
Natural gas and as we approach summer, those air cons are going to be working overtime. Just a thought.
Two possible reasons
Margin calls to raise cash
Possibly some central bank selling to raise cash. At this time baby gets thrown out with the bath water !!
Let us remember also the collapse of oil prices which is hugely beneficial to reducing costs of mining companies.
More than happy to ride this out !
It will take upwards of 9 months for any vaccine to go through tests to prove its efficacy and safety
Precious metals always do best when appreciating in all currencies, like now !
The people taking a very calm view of this outbreak are in my view delusional. From what is already known about the epidemiology, this is going to be developing over many months..
Having many millions of people in lockdown could very well have the opposite effect to what is intended. With increasing stress and panic, infections often spread more easily, at least that is my experience having spent more than 50 years in the veterinary profession