Member Info for Supercharger

NYSE ready and waiting I am sure to come in and grab some massive bargains of the weak who have sold off waiting for the bottom, and who will be too late getting back in (just like the Christmas sales!!). -Very clever you can see how they make their money!!

NYSE ready and waiting I am sure to come in and grab some massive bargains of the weak who have sold off waiting for the bottom, and who will be too late getting back in (just like the Christmas sales!!). -Very clever you can see how they make their money!!

I am sre with action from the Fed the precious metals market will come back. I have a feeling people are just now sitting on cash waiting for what they feel is the bottom. However when the market turns back most will probably miss it as it will turn for the better far quicker than it went down. Most will struggle to get through to their broker with all the action at the the same time. I am just seeing this out. Once the Fed cuts we will rise I am sure-we usually do.

Surely this will then stabilise our precious metals market.

I think there are those running for cash. Apparently there were even queues outside the local Asda today - generally people panic. If people are selling here they are desperate and many must be be selling at a loss, something I do not do unless I need to for Capital gains reduction. I am sure this thing will pass as quick as it came and we do not already hear too many reports of the virus in China where the worst seems to have passed. The Fed must act now to help us poor Gold miners shareholders.

I also like the Shogun my father used to have one. He did find passing the mot difficult on his diesel but he needed to take it out for a good thrash before putting it in for testing. I have now the Diesel Outback which is actually a chain driven cam engine where'as my wife enjoys her tuned up Forester with Prodrive tuning remap, full Hayward and Scott exhaust and all the bits for serious fun -she loves it as a sleeper. To be honest it now feels quicker on acceleration than my old Cayenne Turbo and according to U-tube in the states the STI version probably is. You should see the look on some young BMW driver faces when they are left by an old lady! Great fun!

Just had a look at my favourite Gold price monitoring site and whereas Gold spot today was down a little. Investment Funds are literally pilling into GOLD ETF'S and the price for Gold futures is still rising. So I am staying put and suggest you look at the God futures and ETF purchases and not just the Spot per day price.
IMHO.

Looking at my Gold chart as we speak Gold up over the past 20 years 470.82%
Over 5 years up 44%, Over 1 year even up 28% and Over 30 days up 6%.
That is why the Banks and the Govts and the clever institutions always carry Gold, The Chinese are the biggest buyers (just up and running now after the virus), followed by the Russians. I hear as the Indian economy is expanding the fastest Gold is also very much the flavour of the day. The figures over any period of time do not lie. Do not look at it over a day, look at it over a longer period and look up goldpriceorg -very interesting reading. You might even want to exchange cash for some too as Gold is not subject to the same problems cash has which may tomorrow be worth a lot less (depending on what currency you are in?). Good luck with whatever you decide but I am staying put in Gold miners shares (as they are a lot cheaper and safer to store), ha,ha

After having a few very nice German and British cars over the years I like a car that I can go out in that is reliable and the best car I have ever had for Snow and bad weather (it may surprise you but even better than my Landrovers) and that is my Subaru Outback. The best car for the Snow and the most reliable cars on the road that I have owned. My wife has a Subaru too.
I wish the stock market was as reliable as my Subaru too, ha. ha.

This will help raise inflation to help us later. Gold always a hedge against inflation!!
(At least he is also filling a few pots holes, maybe soon he will not need a Chelsea tractor to get around London in).

If it were me and the others really say they can produce cheaper buy their oil and store it until they runout haha.
Seriously could be an idea, but I did read the Tollow results and they did not look as bad as I was expecting in fact there were signs of some good news if the Mexicans offer support? and the other finds eventually come through with the local govt. sponsorship.
By the way in another subject Barrick look to be a good share for the next few days on CAD/USD earnings v GBP. If the Fed cuts the Gold price will take off more than it is already today with the UK cut. Come on you yankies you can beat a .50% cut you have more to play with. ATB and good luck.

Good place to be here for a double whammy of benefitting on across border Currency earnings, and from the rising prices in both Gold and Silver mined by Fresnillo. Gold already up to Usd1667 plus and Silver now well over USD17oz and rising. In times like this when we expect the Fed to follow we can see a rel jump in prices here. Glad I stuck it out.

This will help us as precious metals in real terms become worth more. I cannot wait to see if the Fed will follow further with a US Fed cut. They should do they have more room to play with than we do. I expect us to soon move up quite quickly.
Silver currently now rising over Usd17 a share and moving up fast -excellent news for us here.

This is for all the doubters. What follows now is as we have been saying precious metals get worth a whole lot more in real terms, and our income from a USD earner gets more immediately, however we will get a bigger boost when the Fed cuts as Gold will go up even more than it is already. As I have been saying do not panic we are in a safer place.
My Barrick shares (will go up big time later) and my dollar earnings such as my divis due will also be worth a lot more as Sterling falls in the short term. However when the Canadian dollar rises against the USD after their forthcoming cut EXPECTED, we really be in the money. Sometimes it does pay to have money invested abroad -Happy days!!

You sound like "Oddball" with those negative waves . Hey show some charity for those who have suffered working from home, washing one's hands to the sound of "happy birthday" for 20 seconds. No "Golden Hand shakes here" - we have to avoid those at the moment. Our time will come, thy will be done, as it is in earth and before we go to heaven. Be patient -The Fed has not spoken and handed down to his disciples a half a percent interest cut yet, but I am sure he will very soon. If not we still have a divi coming in May. Overall what with interest rates falling all around us this is still a better place to have your money longer term.

I have noticed after London closes the Gold price always seems to recover. Perhaps there is a message there as the NYSE turns Red again, after early gains. I feel a lot of traps are being set here. I am still pleased even though we are down that I am here in the precious metals market.
The Bank of England issued a statement late last night to say that they had never seen so much demand for bullion sales and I am sure this will have an effect to turn our price around sooner of later.

Blackrock. -Who are they also the largest or one of the largest shareholder of Barrick? They were also the Major shareholder in Acacia, and who took over Acacia = Barrick. I see a theme here.

As I suspected I looked at the Morning star trade volume chart and the no of trades is less than a third of the 90 day average I suspect this is just less than a third of shareholders being optimistic by going into other shares that have risen today. My experience of Jumping ship is that for me it never really works as by the time one moves in the other share is up and by close or the next morning it will be down again. I will see this one out staying here we re not out of the woods as a World yet.

However as many wise heads have already said on here we do not know what the USA Gov are thinking they will do. I still feel the Fed will act to reduce the rates. I have seen the Gold price ready now to move up again and Silver is up already.

There is absolutely no shorting going on with Centamin that is registered in the Uk - please see the short tracker index :-https://shorttracker.co.uk/company/JE00B5TT1872/

I find this a very useful tool.

I am pretty sure we will get some good results too, or something else is going on perhaps we do have someone stalking us who has asked the notice to be delayed. I suspect Barrick as I have always said. Time will tell. We ares till in a very good position here.

Brazil doing the same thing. It appears some holding Gold were selling to buy fallen Equities but others were buying Gold. Once the Fed or any of the G7 Countries including the Uk start reducing base rates I am hopeful we will respond positively. Precious metal miners were still better off than most other shares. Many project the industrials will still fall with less demand and some are projecting the USA Economy is now moving back into recession unless the US Govt acts fast.