Shares to watch

lozcb

Member
Messages
12,292
Yeah seems to me all that money ploughed in and were virtually back where we started at 8am this morning

I think Wattie has given up and ploughed into that wine stock he bought the other day
 

MaseratiGent

Member
Messages
162
Aother 30-50% to go lower in the next few months. I think gold and silver do well over next 9m.

There's two ways to pay for this massive bailout and both are being discussed: sudden wealth tax in the future (60% income tax, a 30% pension pot haircut, 35% corporation tax, 20% NI etc.) OR/AND print money (not QE, banana republic print money). Neither end well.

The hedge? Physical precious metals.
 

dgmx5

Member
Messages
1,142
Sorry @MaseratiGent do you mean 30-50% of companies will go lower or there is still a 30-50% drop to be had in the market?

Which precious metals do you think are the hedge (just gold and silver or others too?) and alongside Wattie's suggestion of bullionvault.com, any other suggestions how to buy such things physically?
 
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lozcb

Member
Messages
12,292
Just for a heads up , I joint venture with s South African group Bushveld minerals , and Fortune minerals ,amongst others we have a mine in Namibia that's just been developed and due to be coming on stream in 6 -8 weeks , producing Tin, Lithium and a few other pgm plus some rare earths , the shares have taken a tumble due to current crisis ,but should be a good tickle once this is over , usual caveats apply and do your due dil. Look up Afritin
 

Froddy

Member
Messages
1,072
Yeah seems to me all that money ploughed in and were virtually back where we started at 8am this morning

I think Wattie has given up and ploughed into that wine stock he bought the other day
If you're referring to the (case of wine) wager he was in, he's donated that wine to forum members attending the next meet, and said this:

Looks like our little wager will be over today C.
As outlined please organise a dozen mixed reds/ whites for delivery to whomever is organising the next forum meet for those attending to enjoy, keep a bottle for yourself if you’re not going!
With my best wishes to all.
 

CatmanV2

Member
Messages
48,539
If you're referring to the (case of wine) wager he was in, he's donated that wine to forum members attending the next meet, and said this:

Looks like our little wager will be over today C.
As outlined please organise a dozen mixed reds/ whites for delivery to whomever is organising the next forum meet for those attending to enjoy, keep a bottle for yourself if you’re not going!
With my best wishes to all.

Indeed. It will be done

C
 

MaseratiGent

Member
Messages
162
Sorry @MaseratiGent do you mean 30-50% of companies will go lower or there is still a 30-50% drop to be had in the market?

Which precious metals do you think are the hedge (just gold and silver or others too?) and alongside Wattie's suggestion of bullionvault.com, any other suggestions how to buy such things physically?

I think the equity valuations continue to go lower by 30-50% but at a much slower (albeit volatile) place. There is a simultaneous financial as well as economic deleveraging going on.
 

rockits

Member
Messages
9,167
I think my play might be to liquidise any current equities at best prices and gradually become 100% or close to it in cash sitting there to keep my powder dry for 3-6 months.

I'm already maybe 60-70% cash already so not so much to do.

Who knows.....I think the volatility will stay for a while yet until the domino's stop falling and the dust settles. Still a few more rounds of domino's to get hit that haven't been yet.

I find it strange that we are facing a time of uncertainty and you have to keep hold of your cash as long as you can. Also lowering costs. However so many have panic bought and bulk bought so immediately have increased their exposure to it all.
 

Froddy

Member
Messages
1,072
I think the equity valuations continue to go lower by 30-50% but at a much slower (albeit volatile) place. There is a simultaneous financial as well as economic deleveraging going on.
Thanks MG. I've taken a bruising this week in my directional trades due to the volatility crush - been taught a real lesson - I've never seen VIX swings like this before in my (short) trading career. Change of tack henceforth with the emphasis on more forgiving butterflies and/or vertical spreads (where appropriate) methinks - short-term directionals are likely to be crucified by chop and yet more VIX volatility (if that's not tautologous)!
 

MaseratiGent

Member
Messages
162
At these rates think twice about liquidating. I'm not giving advice only my own thoughts and actions. I would be far more concerned about the necessary wealth taxes and helicopter money than where the market goes from here.
 

MaseratiGent

Member
Messages
162
US Initial Claims (from my own anecdotal evidence and the IBs' views) are going to be catastrophic. There is an extreme USD squeeze but this is going to add vol.
 

rockits

Member
Messages
9,167
So you think equities might drop another chunk which I do too but not to bother liquidising some remaining equities?
 

Wattie

Member
Messages
8,640
Gentlemen i’m Posting this as a warning to you all so you can prepare financially. I’ve previously said that Central banks are going to have to bail out Countries, companies, individuals - EVERYTHING!


Lunatics running the asylum!!
That is now materialising before your very eyes.....the amounts involved are eye watering and we’re barely 3 weeks into this scenario. Where will it be in a month or 3 or 6.

The amount of money involved to do this is going to devalue the existing value of money.....more money chasing fewer goods.
HYPERINFLATION.


67338

Do what you can to protect yourself and your family from this crisis as it’s going to follow the current one.


The good news is that your toilet paper shortage will be over.
 
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Froddy

Member
Messages
1,072
Wattie, great to have you back!

Just one question: where the h**l did you get that chicken??? Definitely worth as much as the cash behind it!
 

BennyD

Sea Urchin Pate
Messages
14,994
As a neutral observer, there are some on here denigrating the bankers but are doing exactly the same themselves: turning savings into gold, watching the market and limiting ones exposure to turbulent markets. GET, A, F*CKING, GRIP. Live life as you normally would; if you do’t you are exploiting the situation for your own ends, FFS.
 

BennyD

Sea Urchin Pate
Messages
14,994
FWIW, IMO, Wattie, you are dragging this forum down to your level. Do what you do, we don’t need to know all the f*cking details. Go into deep isolation if you want to, that’s your call but if gold plummets and you get the bug don’t expect any sympathy. I promise I won’t laugh if it does.
 

MaseratiGent

Member
Messages
162
@BennyD I don't know Wattie. I think he explains himself in a direct and to many acerbic way - solely because what he believes is unpleasant and unorthodox. I don't think he does it to revel in the misery of others merely his enjoyment of what he has believed in for so long coming to fruition. It's valedictory orthodox validation.

I am not enjoying seeing the 50% of my pension pot going to smoke (I turned the other 50% - but not 100% - to cash in Dec 2017 expecting an event like this).

With markets, as in politics, I have strong views formed my experiences of outcome expectation. There are not what I want to occur but they are what I think will happen. I express these in a dispassionate way which I think is why Wattie gets flak.
 

Wattie

Member
Messages
8,640
FWIW, IMO, Wattie, you are dragging this forum down to your level. Do what you do, we don’t need to know all the f*cking details. Go into deep isolation if you want to, that’s your call but if gold plummets and you get the bug don’t expect any sympathy. I promise I won’t laugh if it does.
Feck off.
 

lozcb

Member
Messages
12,292
Gold still climbing guys,

Looking like it going to top the $1700 oz mark
 
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