Volitility continues…26 Mar 2023 11:48
Morning to most , on this Sunday
Another week on crazy Volatile markets with daily developments.
Bank crisis , rampant inflation , interest rates rising & war situation creating a fragile financial coldren
The recent banking crisis with the collapse of SVB , with potential contagion of which I highlighted on here & was shot down by many & yet it rumbles on & on
contagion situation is spreading Credit Suisses now bailed out by UBS & would have bust .
& shows the vulnerability of the current markets & stocks around the world .
Now Deutsche Bank under the cosh , some serious toxic shenanigans found hidden in many heavy artillery banks books .
https://www.bloomberg.com/news/articles/2023-03-23/how-to-keep-accounts-safe-amid-bank-collapses?srnd=premium-
There maybe bargains out there however the volatility will continue & more stocks will be leathered imo . Banks ,( already started harshly ) financial,construction, property next ?
However With a few Phoenixes rising from the ashes let’s hope for all investors EUA is one of them especially from current stock levels .
Look at AMC was down 70% in 18 months now back to blue after confirmation of asset sale squeezed through the current sanction net , let’s hope EUA can do similar .
This quote taken from AMC RNS
"The delay in the completion of the Disposal was due to potential sanctions with regards to the 'Special Military Operation' and the potential risk associated to a third party involved in the fund transfer. This is something that the Company has successfully resolved, ensuring the Disposal was compliant with the current geopolitical situation."
The World business cogs keep turning & the Green energy boom require precious Metals which EUA has in its basket ,
Imo it’s like a tug a war between the following >
Green Energy Boom + Precious metals demand / asset sale Vs War situation + Fragile Markets
Which ironically is not dissimilar to the daily skirmishes / tug a war on this board …
positive investors accepting current market situations & one’s investment
Vs
Negaitive Swampy & his sweaty mates shouting blame & abuse at investors, BOD , & the stock situation ,
We all have choices - your investment your responsibility- let’s all invested hope EUA toss an update on deck in coming weeks / months ,
However - any whiff of positive news & at current levels could certainly be huge upside .imo
So worth the hold in current position .
Sunday Rums & Full English with all the trimmings , # A proper Yorkshire vein clogger