Member Info for Supercharger

Actually look further and see if the Stock markets fall the Fed will cut rates again as they said they would, and Gold/Silver will rise, also fund managers will seek safe havens with less interest from currencies which will put Gold/Silver in demand which again will lead to a shortage and again the precious metals rising again. Barrick Gold have already said they see a shortage in the next 10 years, but it could be in the next ten days!!
At the moment as we have been saying this is the best place to be and I have been doing very well here to be honest. The dollar is falling already against the yen which is in anticipation of a rate cut. This also means that to the Japanese Gold has just got a whole lot cheaper when it is rated in USD imho.

If the rest of the market falls later in trading I am not bothered if we go up or not really. I still feel it is far too early to go into any other stocks than the Precious metals miners. I know if I did the other shares are likely to fall over the next year significantly and I see the precious metals in my opinion either staying where we are or rising further. Perhaps in another 6 months we may know more about clinical trials but for now I am glad to be here and in my other precious metal miners as the virus is starting to spread fast. However Good luck whatever your own thoughts.

I am sure if we can breakthrough overnight we will add on a few percentage points from here as other shares are sold off and many will see us here as a safe haven. When I get asked by Banks if I want to sell my precious metals miners I know it is a good time to hold them. They can see an opportunity for themselves. I will be staying in for a while.

Hi Chas - yes I am looking too. The safety stock for the World is Gold (always has been) we are now at the USD1700oz level and I can see us breaking through overnight. I have a feeling we will have a good week in the precious metals mining sector I still see the rest of the FTSE having a long way to go down unfortunately - more and more Companies are going to be affected by the virus, it is actually starting to become very worrying and I have never known anything quite like this. The World does not know the cause, or the cure.

Very similar to the Spanish Flu of 1918? -very worrying to say the least when I found this :-
Approximately 90 years before the 2009 swine flu pandemic killed more than 200,000 people, reports of an especially dangerous form of influenza began to appear around the world. Kansas was the site of the first U.S. case, in March 1918. Appearing in multiple countries around the world, the disease spread quickly, ushered along even faster due to the close living quarters of troops fighting in World War I. This first instance of an H1N1 pandemic would be dubbed The Spanish Flu (despite the fact that it didn’t actually come from Spain). It burned out quickly and suddenly, by 1919, with the explanation still unknown today. But it left the global population decimated—with a mortality rate as high as one in five and an estimated one-third of the world population afflicted, as many as 50 million people are believed to have died. Approximately 25 million of those deaths came in the first 25 weeks of the outbreak.

Very similar to the Spanish Flu of 1918? -very worrying to say the least when I found this :-
Approximately 90 years before the 2009 swine flu pandemic killed more than 200,000 people, reports of an especially dangerous form of influenza began to appear around the world. Kansas was the site of the first U.S. case, in March 1918. Appearing in multiple countries around the world, the disease spread quickly, ushered along even faster due to the close living quarters of troops fighting in World War I. This first instance of an H1N1 pandemic would be dubbed The Spanish Flu (despite the fact that it didn’t actually come from Spain). It burned out quickly and suddenly, by 1919, with the explanation still unknown today. But it left the global population decimated—with a mortality rate as high as one in five and an estimated one-third of the world population afflicted, as many as 50 million people are believed to have died. Approximately 25 million of those deaths came in the first 25 weeks of the outbreak.

Very similar to the Spanish Flu of 1918? -very worrying to say the least when I found this :-
Approximately 90 years before the 2009 swine flu pandemic killed more than 200,000 people, reports of an especially dangerous form of influenza began to appear around the world. Kansas was the site of the first U.S. case, in March 1918. Appearing in multiple countries around the world, the disease spread quickly, ushered along even faster due to the close living quarters of troops fighting in World War I. This first instance of an H1N1 pandemic would be dubbed The Spanish Flu (despite the fact that it didn’t actually come from Spain). It burned out quickly and suddenly, by 1919, with the explanation still unknown today. But it left the global population decimated—with a mortality rate as high as one in five and an estimated one-third of the world population afflicted, as many as 50 million people are believed to have died. Approximately 25 million of those deaths came in the first 25 weeks of the outbreak.

Per BBC news the "Virus "could be coming to an end which might help all those waiting and wanting Gold prices to fall so they can come back in here and buy the shares back cheap - dare I say it.
Yes indeed -Imperial college say they are working on a Serum, and it could be ready as a matter of urgency and with any luck after tests it could be available in a year to 18 mths!! - Happy days for those with a twisted humour and good news for us long suffering "current" Gold miner shareholders -for the next year at least!! ha.ha.

Yes I think Tullow will make a big find soon and their price will shoot. (They need to) I am also in Cairn and Premier Oil too and as you have said we need to price of the black stuff to come back which it will one day. I feel no better place to be than the Gold miners and so my wife and I have spread the miners but we are Fresnillo, Hochschild, Centamin, and Barrick holders after inheriting following the Acacia sale. I am also in Glencore who have paid me a good divi, but also a large tax bill where they have increased my income. I am in Beazley at Lloyds (as they are possibly the last of the independent Syndicates at Lloyd's) , and Capita because they Manage operate NHS appointments and facilities, Police and Teachers Pensions, plus I know one or two there on the Lloyds Management side, I see govt.growth in all of the depts. If Beazley and Aviva have done well on U/w income I see them doing better of the next year and a bargain price. I have stayed out of Metro bank (where others have rushed in and most likely regret it), but did not see the Stobart fall coming but long term I see Southend and Carlisle expanding further and becoming UK Freeports. I also have money in all of the Uk big banks Barclays, Lloyds, RBS but sold last year HSBC at a loss to clear some Capital gains. I will have to look again very soon this year as I do generally do very well. and have to watch my Capital gains as well as income. I actually enjoy all this as a Hobby and hope you are very successful too, I do not do this as I need to in fact I am holding back some of my pension as I don't need the income. Perhaps my provider can top up my fund by buying in the East (although did hear the Uk is now looked upon as a developing Country) I would prefer to keep the Pension funds going into the Chinese, Indian and other developing markets. So I suppose my own money is invested in the West and my Pension is in the East. All the best

Yes I agree with all comments apart from the Capita one. I retired early in my mid 50's for London, the stress became to much for me, but to be honest for the last 20 years or so from my thirties I paid far more than anyone else I know into my pension. This was for tax reasons. I also invested virtually all of my money out of the Uk and am now very comfortable. If I go on here to advise others it is only due to facts I have read as I can see headlines immediately and hope others will benefit from my findings. I am in all the Gold miners, and have a spread across the rest of the FTSE 350. To be fair I cover my London salary on a month to month basis and wonder why I ever worked for others in the end, but it paid the bills.

My Barrick shares did well for me this week rising about 8%.
They have a very generous sharing arrangement going on with the Gov of Tanzania from memory 16% ownership sharing of the mines and a 50/50 profit sharing (paid for by taxes and duties). I see them being a front runner for Egypt in they are that interested. However they do also have other African interests such as in Mali and Burkina Faso so they might think about it?

Threatening Saudi and Russian Alliance hence Crude falls too. I'm also in Tullow and Cairn energy (not big investments but I am) both have something to offer longer term and so I am holding on to those two. I also own Capita and they have taken a real good olde hammering on an accounting charge - all cyclical in my opinion.
Reports tonight the Gold investor's took weekly profits to go into Financials -rather them than me.
I also understand big monies have seen the resilience of the Chinese ETF'S and who is the biggest buyer of Gold? China!! and so I feel the Gold will continue to rise for the time being.

The two largest miners also work together in partnerships. I see this as a plus for the value of Centamin. Either developing new projects together or they will simply be interested in buying us out as I have been rattling on about for the past few days. I did not originally like the idea of Barrick buying my Acacia shares but I am starting to make some real money now and so my opinion is favourable. In fact I am expecting a 7% divi very soon.
see link :-
https://www.mining-journal.com/m-amp-a/news/1366461/-the-barrick-newmont-company-now-has-one-team-that-shares-one-vision

As i say this is the best place to be -don't get led astray by the market makers they must be losing a fortune at the moment. This is the safest place imho.t

None of the World problems are sorted - I am staying put in half an hour Gold will be back. Some on here almost wish we fell, this is not going to happen like the financials have in the past week. If you want to go out of here into financials then I wish you well. This share as with the other precious metals is still the place to be in my opinion. Gold up now 29.80% and Silver up 15% for the year!!!! Still a very strong buy

None of the World problems are sorted - I am staying put in half an hour Gold will be back. Some on here almost wish we fell, this is not going to happen like the financials have in the past week. If you want to go out of here into financials then I wish you well. This share as with the other precious metals is still the place to be in my opinion. Gold up now 29.80% for the year!!!! Still a strong buy.

It appears one of the Euro Ambassadors has now contracted the virus. This is serious stuff. I can see Gold moving higher for some time yet. We are now not far off USD1700oz on the futures and that is before the NYSE opens where we usually have support in the afternoon.
Fresnillo is going to become a very attractive share to the big miners over the pond if the USD keeps rising Fresnillo to them gets cheaper. All those with Fresnillo shares like the other precious metal miners of Centamin , Hoc and Barrick are in the right place.

It appears one of the Euro Ambassadors has now contracted the virus. This is serious stuff. I can see Gold moving higher for some time yet. We are now not far off USD1700oz on the futures and that is before the NYSE opens where we usually have support in the afternoon.
Centamin is going to become a very attractive share to the big miners over the pond if the USD keeps rising Centamin to them gets cheaper. All those with HOC shares like the other precious metal miners of Fres, and Centamin are in the right place.

It appears one of the Euro Ambassadors has now contracted the virus. This is serious stuff. I can see Gold moving higher for some time yet. We are now not far off USD1700oz on the futures and that is before the NYSE opens where we usually have support in the afternoon.
Centamin is going to become a very attractive share to the big miners over the pond if the USD keeps rising Centamin to them gets cheaper. All those with Centamin shares like the other precious metal miners of Fres, and Hoc are in the right place.

I agree that we are knocking on Gold price highs and this will help our results every day into 2020. The relationship Fresnillo have with the Mexican Govt. was referred to in the last report and was excellent and in fact a new mined sponsored by the govt is to open in March. The future for Fresnillo is very bright. The future for this year is growth. The market is supporting this view as I already have some 10% growth in the last week but expect 30% over the next month once others finally realise their Banking and financial stocks are worth a lot less.