The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Now we just have to pray for some QE in the States! Then we will be laughing :)
Just caved in and bought.. If it drops down I will just buy more.. I think we have tested the lows nicley and bounced both times. Good luck to us! Cheers
To be honest I don’t know where to put my money at the moment, it’s been so volatile! It won’t be in Facebook that’s for sure! :)
From a chart perspective we have had the "double test" of 4500 - 4800 already. Normally after 2 tests it will breakout unless news from Mali deteriorates.
Just as expected.. I feel this will slide past 5000 again and then hopefully move on up from there. GL all
It’s a tough call, RRS is so oversold at the moment.. But I always try and think what the market will do as opposed to what should happen in reality. The big guys will take their 7% and move onto something else. 2-4% down tomorrow is my guess.
I fear there will be some profit taking before the end of the day.. Possible red tomorrow. GL
Would you short after todays rise? I really dont know where to go with this one! But def money to be made..
European stocks climbed after sliding the most in a month and commodities rebounded from their biggest drop in two weeks after European Union leaders called for Greece to stick with budget cuts to stay in the euro, while offering no relief for Spain. Asian stocks erased earlier losses. http://www.bloomberg.com/news/2012-05-24/oil-japan-stocks-gain-on-china-optimism-won-drops.html
Gold is heading to the $1500 level I predicted, might even go as low as $1450.
1% today yes, but how much since its highs in Feb? I don’t believe we have hit the bottom yet, I guess time will tell.
Gold is getting a pounding again. Suggest hold till sub $1500, then buy with stops at $1450 and $1650. GL all
(Reuters) - Thousands of protesters marched on Mali's presidential palace on Monday, paralysing traffic in the capital Bamako in a demonstration against an internationally-backed accord to extend the mandate of civilian president Dioncounda Traore. Some protesters at the gates of the palace shouted slogans in support of Captain Amadou Sanogo, the officer who led the March 22 military coup which unintentionally emboldened northern rebels to seize two-thirds of the West African country. The protest, reflecting longstanding popular frustrations with Mali's political class, came despite Sanogo agreeing at the weekend to let Traore remain in charge for a year to oversee the full transition to civilian rule in return for securing the status and privileges accorded to former heads of state. http://uk.reuters.com/article/2012/05/21/uk-mali-protests-idUKBRE84K0M920120521
I hope so however I have read numerous articles about the possibility of Gold dropping to $1500 an ounce. We may see a trading range of £45 - £50 before a breakout. Perfect scenario for RRS holders would be more QE on both sides of the Atlantic. If there is a Greece exit the price of gold will shoot up as traders seek an inflation hedge. Still a great buy ,but you may want to wait and see how the gold price performs over the next few weeks first.
yip missed it badly.. Oh well, cant win them all! I reckon anything under £50 is a good investment if your not taking out a CFD.
It is looking good, nice recovery. With so many red days this was bound to happen. I wont buy on a spike though, might retrace a little tomorrow.
Profit its profit.. Always good to bank some! I was hoping for a lower entry, I had my finger on the trigger at 4550 but didnt do it.. I'm not convinced this is a proper recovery just yet.. GL
I think you are spot on there. I am monitoring the situation in Mali carefully, but technically this is a screaming buy. It might be worth trading over the next few days if you have the stomach for it.. I'm thinking a first tranche of 400 on a CFD and see how that goes. I won’t do this tomorrow as I want to make sure it’s not a "dead cat bounce". Are you in?
£45 was a previous resistance point and I believe most institutional investors would have recognised this. Of course conditions in Mali could still deteriorate further so there is still the risk it will break £45 again. The bounce off £45 is a good sign and unless Greece farts again we should see a few more blue days. GL
I did say £45 would be the bottom a few months back.. Still waiting for an entry though as this drop has been relentless. What are your guys thoughts?