Hey astro999. I've invested in various miners (AAL, KEFI, CORA, etc.) and gold, silver, platinum via ETFs. Sometimes I used triple leveraged ETFs. Won some lost some. Obviously timing your buy is key but the miners have always made me a bit you just have to wait and be patient. PM miners are unpredictable and reflect the nature of the commodities they represent but gold and silver ATHs are always beat eventually. There is a LOT of manipulation of PM prices going on IMHO. If you think this is scary I would avoid 3x leveraged ETFs if new to precious metals and NEVER hold overnight. My opinions only. Good Luck.
Looking to how earnings statement on 8 July will affect the share price. Can only be bad news, can't it? This has two possible outcomes; 1) Bad results lower the share price, 2) Markets hate uncertainty and the confirmation of the earnings (albeit bad) are better than the estimate. This might increase share price. I've seen strange effect before when worse than expected earnings reports actually increase a share price. Lot of uncertainty either way...
Spindler, I love the comparison to the Watership down rabbits! You are absolutely right about manipulation in the PM markets. Silver has been suppressed for months when it nearly touched $30. I look at the Gold to Silver ratio also which has been coming back down as silver catches gold up. I hold physical Gold and Silver via ETCs as well as FRES and have topped up on the dips such is my confidence in the long term potential for PMs. A short while ago there was not enough physical Gold to satisfy trading demand which must have caused to manipulators some head scratching as there was no way to manipulate as demand so outstripped supply. Gold and silver will always come back (and exceed) their all time highs, one just has to wait...Good Luck all.
Some great points made, thankyou all. It would be nice to see some share buying from the directors now to cement that we have moved to a new share price level and inspire confidence in the long term growth of IOG. Maybe we'll see it...
I don't understand why the sea of red Sells. There is no logical reason for anyone to sell this stock. Is someone with a big holding trying to flush out a multitude of retail investors so they can scoop even more shares up at a bargain price? Is the share price been deramped in advance of a cheap company sell off? Won't shake those of us who have been holding IOG for a long time. Theses are just my ponderings, no factual basis. Does anyone else have any explanations?
Slightly off JET2 topic but in response to Beachbum1978...SAGA is an interesting stock as it's client base have a wealth of saved up pension cash, an eagerness to get away and large proportion of the +50 demographic group double vaccined. With all these travel stocks I look at the value and stock price pre-Covid and compare to the current. Some travel sector shares are simply overpriced and overbought which is why I hold off entry. SAGA SP has been ramping down on 5Y chart but Covid has made many +50s relook at it for vacations. My only word of caution is that a small double top seems to be forming on 1m chrt indicating potential for an upwards trend reversal. My opinon only DYOR. Good Luck.
When I invested in MAFL 18 months ago I recognised the long term potential and undervalued Market Cap. MAFL has been a snoozer, not really doing much since then. However, the surge in commodity demand is inevitable and the Market Cap cannot be suppressed forever so a re-rate WILL happen. Maybe the interest of an ii would be the trigger or possible takeover which would force realistic market cap evaluation process. Good look all you MAFL holders. My opinion only.
Profit is profit...I once read if you make £100/day its roughly £25k per year, £200/day is £50k, etc. Sure beats the rainy commute to a dingy office to work for a bunch of ingrates (that used to be me BTW). I think JET2 has a bit further to fall yet so I'm holding off. Anything less than 1250p feels about right. Having said that I missed the last opportunity to buy in which I regretted. Have a nice day everyone and good luck in your investments.
Next target is for IOG to revisit the high 23's which we saw in 2017 and then the high 26's which we saw in 2016. If we ask each other whether the company is in a better position than 2016/2017 then the IOG SP direction should be clear (HINT: It isn't downwards). Spread is tightening (just over 2% based on only 2 trades) which is a very good sign that the MMs feel that the stock is not volatile. I see big spreads when the MMs are unsure of the direction and the big spreads derisk the trades for the MMs. My opinon only. Good Luck Everyone.
Bad day for anyone holding travel related stocks. I missed the last JET2 opportunity and I am keen not to do so again. UK government is dragging its heels on the extent of countries on the amber and red list so I'm waiting to see the effect of this before jumping in and then it will only be with a modest holding. This is a class operation and stock either to trade or a long term hold. Good Luck Everyone and invest with care.
Gold does not like any strength in the dollar for sure. The payroll figures can play a part and act as short term steps up or down. Its the fundamental weaknesses undermining the dollar at the moment which make me feel Gold has to rise to an all time high this summer with miners following. My opinion only. Good Luck Everyone.
Just bought back in at 539p which is where is bought in last time before selling few weeks later at 579p. Hope history can repeat itself and better so BME can go all the way to 600p. Come on BME you undervalued little gem. Good Luck Everyone.