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lozcb

lozcb

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Just did my daily browse on the South Sudan news feed to keep me updated , its blocked out there , i have to go back at some point , but one look at this daily typical news feed sort of makes you feel that regardless we ae better off than some

66906
 
Felonious Crud

Felonious Crud

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Again, fella, your perspective brings some much-needed reality and perspective to the discussion. Good job!
 
lozcb

lozcb

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12,586
lozcb said:
Just did my daily browse on the South Sudan news feed to keep me updated , its blocked out there , i have to go back at some point , but one look at this daily typical news feed sort of makes you feel that regardless we ae better off than some

View attachment 66906
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Had to laugh , just glanced at this again and the only positive bit of news there is (the episcopal church opens computer centre, ) lol poor buggers havent got any mains power system or internet facility , ..........oh well the church meant well when they donated all those computers
 
Wattie

Wattie

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MaseratiGent said:
I suspect gold & silver coming off is deleveraging (they would form parts of portfolios of other leveraged investments for funds) and secondly the urgent need for cash USD as a commodity itself (due to the same deleveraging).

The whole world is like a bouncy castle that someone just poked. Full on deleveraging is a violent, costly exercise. Securities have no home so prices gap lower.
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Agreed.
If you have physical, hold it.
Spot physical prices are likely to dislocate from the “paper false prices” as people refuse to sell.
Hold your Gold!
Sit back and watch the devastation.
 
Froddy

Froddy

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1,072
lozcb said:
Just did my daily browse on the South Sudan news feed to keep me updated , its blocked out there , i have to go back at some point , but one look at this daily typical news feed sort of makes you feel that regardless we ae better off than some

View attachment 66906
Click to expand...
Absolutely right! I spent my childhood in Africa (South Africa), and life is certainly more comfortable on this side of the tropics! But, of course, these things are all about perception - if you haven't seen real suffering, you think that you're suffering when Tesco runs out of toilet rolls ...
 
Froddy

Froddy

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1,072
Chaps,

We have a fibonacci timing decision cluster in the S&P over the next few days - timing for a low, or for a continuation?

We are just 40 points off the 2018 low (2346):

And the 1.618 fibonacci extension of the all time high to June 19 swing low sits just a little lower, at c. 2318:

And the 89 EMA on the weekly chart also sits nearby at 2338:

Could there be a significant timing/support decision point on the radar? Who knows!
 
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Wattie

Wattie

Member
Messages
8,640
Froddy said:
Chaps,

We have a fibonacci timing decision cluster in the S&P over the next few days - timing for a low, or for a continuation?

We are just 40 points off the 2018 low (2346):

And the 1.618 fibonacci extension of the all time high to June 19 swing low sits just a little lower, at c. 2318:

Could there be a significant timing/support decision point on the radar? Who knows!
Click to expand...
Trumps admission that this could continue through August has sent markets reeling.
This however is the harsh reality and I cannot see any upside at all...
Markets could fall 50% from here....then we’ll have the loan defaults, layoffs, etc.

Not good.
 
Wattie

Wattie

Member
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8,640
Froddy said:
Gold:
emphatic defence of $1450 today (strong support level over recent months). Can she shine on? Let's hope so!
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Holding up well with carnage all around.....many dealers sellling out!66915

Dozens of others were manipulating their stock prices through buybacks......borrowing to invest in a rising market they thought would never end.
Well it’s gonna bite them in the ars3 now.....if they’re all bailed out what’s the cost gonna be???.

Boeing, Which Repurchased Over $100BN In Stock, Is Downgraded To BBB, Seeks "Short-Term" Bailout | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

"Boeing's shareholders got rich on the way up, and now it is somehow up to taxpayers to make sure the company, loaded up with record amounts of debt used to fund buybacks, survives one more quarter"........ totally wrong!
 
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Froddy

Froddy

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1,072
Wattie said:
Holding up well with carnage all around.....many dealers sellling out!View attachment 66915

Dozens of others were manipulating their stock prices through buybacks......borrowing to invest in a rising market they thought would never end.
Well it’s gonna bite them in the ars3 now.....if they’re all bailed out what’s the cost gonna be???.

Boeing, Which Repurchased Over $100BN In Stock, Is Downgraded To BBB, Seeks "Short-Term" Bailout | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

"Boeing's shareholders got rich on the way up, and now it is somehow up to taxpayers to make sure the company, loaded up with record amounts of debt used to fund buybacks, survives one more quarter"........ totally wrong!
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Froddy said:
Chaps,

We have a fibonacci timing decision cluster in the S&P over the next few days - timing for a low, or for a continuation?

We are just 40 points off the 2018 low (2346):

And the 1.618 fibonacci extension of the all time high to June 19 swing low sits just a little lower, at c. 2318:

And the 89 EMA on the weekly chart also sits nearby at 2338:

Could there be a significant timing/support decision point on the radar? Who knows!
Click to expand...
Oh and I forgot to mention that it's weekly, monthly and quarterly US options expiration this week - hold on tight!!
 
Froddy

Froddy

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1,072
Wattie said:
B

Buying opportunity
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I think so - under normal circumstances, this would be the time to destroy the hopes, dreams and aspirations of the short and greedy crowd ...

Problem is that it's not normal, so who knows?!
 
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lozcb

lozcb

Member
Messages
12,586
Froddy said:
I think so - under normal circumstances, this would be the time to destroy the hopes, dreams and aspirations of the short and greedy crowd ...

Problem is that it's not normal, so who knows?!
Click to expand...

Guys your seeing a global reset in front of your very own eyes 1928/1929 all over again ,careful and choose your moments wisely otherwise you end up a casualties , we really ought to build a forum book for those that like to dabble
 
dgmx5

dgmx5

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1,142
In amongst all this social isolating, how are we meant to go out and buy gold?

Genuine question, what is the best way to buy actual gold in the UK?

ISA is predominantly cash right now and waiting for when things stabilize to get back into stocks and shares.
 
Wattie

Wattie

Member
Messages
8,640
dgmx5 said:
In amongst all this social isolating, how are we meant to go out and buy gold?

Genuine question, what is the best way to buy actual gold in the UK?

ISA is predominantly cash right now and waiting for when things stabilize to get back into stocks and shares.
Click to expand...
Lots of online services, nowadays.
BullionVault are very good, think of them as an online gold account.......very easy to set up, trustworthy and relatively easy to buy/ sell
They’ll store audit and insure on your behalf.

www.bullionvault.com

I’ve used them and indeed still have holdings there so am confident that my positive experience would be shared by others.

If you want to get physical then you need to find a local vault/ dealer and buy through them.

Warning- they’re running out as the demand has been so high recently!
 
lozcb

lozcb

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12,586
Hung on an extra 2 days and luckily gained an extra 2 cents on the dollar ,I don't think the pound will get much weaker against it , what say you guys
 
Froddy

Froddy

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lozcb said:
Hung on an extra 2 days and luckily gained an extra 2 cents on the dollar ,I don't think the pound will get much weaker against it , what say you guys
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I think you've done the right thing: of course it could go lower, and probably will, but nobody ever went broke taking profits!

As Warren Buffett said: "rule number one is never lose money; rule number two is never forget rule number one"!
 
lozcb

lozcb

Member
Messages
12,586
Froddy said:
I think you've done the right thing: of course it could go lower, and probably will, but nobody ever went broke taking profits!

As Warren Buffett said: "rule number one is never lose money; rule number two is never forget rule number one"!
Click to expand...

Trigger pulled sorted , i'll have to do my best not to look at the rate for a couple of days atleast , my ankles still sore from the last time i kicked myself ;)
 
dgmx5

dgmx5

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1,142
AML's proposed rights issue is now 4 shares for every 1 owned at a price of 30p per share. It's madness out there. Sadly this might see the end of Aston Martin.
 
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