KDave

Yes I am running a 12 year old ford focus diesel I bought with cash before my daughter was born, it has cost me about £30 a month in initial cost, parts and repairs averaged out over the time I have had it. Nearly time for a new one, I am waiting for furlough and credit freezes to end and people to start handing back the PCP/on finance car keys on mass, there should be a lot of used cars flooding the market then and pushing down prices. That will be a good time to buy if it happens, but it largely depends on government. Likely the socialists in power called the conservative party will step in and prop people up.
There is also potential for another scrapage scheme as well maybe, as you say the car industry is really a financial one, they need to keep new cars selling as most of the value of a new car is in the debt they lend out. I think inflation over the coming years will kill most of the profits in that business model and likely the idea of renting a car too. Its only possible now because debt is so cheap for everyone.

Very nice price on those, obviously I wish I had waited for that £10.25 dip but saw £10.40 this morning and couldn't believe it half of the £9 shell fund went in, probably too early as usual. I am watching BP as well, I said to myself wait for £2.50 and didn't get it, perhaps there will be opportunity yet.  
XOM sub $40 with this dollar to £ and that dividend at these oil prices, something doesn't add up and I am assuming sentiment but who the hell knows maybe I am wrong again. 
Just remember being to early is the same as being wrong if you can't hold on, and it could be a rough few months for stocks if things turn against the market, tech stocks blow up and take the lot with them. Be prepared for the worst and get paid to endure the volatility, that is what the dividends are for. 

PAIN!! 😊
Just bought Shell @1025.
Another 15 mins and I'll be putting more into XOM.
I don't know. Anything could happen 🤷‍♂️

Very nice price on those, obviously I wish I had waited for that £10.25 dip but saw £10.40 this morning and couldn't believe it half of the £9 shell fund went in, probably too early as usual. I am watching BP as well, I said to myself wait for £2.50 and didn't get it, perhaps there will be opportunity yet.  
XOM sub $40 with this dollar to £ and that dividend at these oil prices, something doesn't add up and I am assuming sentiment but who the hell knows maybe I am wrong again. 
Just remember being to early is the same as being wrong if you can't hold on, and it could be a rough few months for stocks if things turn against the market, tech stocks blow up and take the lot with them. Be prepared for the worst and get paid to endure the volatility, that is what the dividends are for. 

As KDave said, you would hope the competently run big companies would be using the next year or two to streamline themselves, buy up cheap assets from other companies going bankrupt and when the economy is better come out on the other side looking good with rising oil prices
I think there will be a crash from looking at different economic data (thread below) but who knows
 
 

Yes it might be early which would be the same as being wrong but I don't think its too early to be buying personally, I am content to take the hit in the short term and just keep buying all the way through. Sure the market might crash next month, if you think so then sell everything and buy back next month. The trouble is the crash in October might not happen, and if it does happen it might not happen in October. It might be in one sector of the market (tech) and not take down value stocks that are already hammered, or it might take the whole lot with it. Who knows! I think it likely we will see a crash but I don't know when and I don't know from which level, so I am buying now bits a time. 
I am concerned that you say a serious investment should be all eggs in one basket, this is in my opinion not a good idea unless you are extremely confident on something or are insider trading, otherwise it will likely end in tears. Better to be diversified into many areas you like and some you don't, and then if you are wrong in one place your loss might be covered by where you are right. There is a saying that if you are not losing money somewhere then you are not properly diversified and if you are losing money everywhere the same applies and shouldn't come as a surprise.
Peter lynch is backwards looking at supply just like everyone else, trust me they ain't pumping 12 million barrels a day now, you don't have to take my word for it. A year ago rig count was 900+ now its 254. The oil crash has killed production and the lack of new activity with these oil prices will kill it further. Sentiment in oil has killed off investment and will continue to kill it off further. The longer sentiment and the oil price stays low, the better it is for the companies that are left, the ones that will survive this environment and take the majority of the market. The lack of sentiment and investment will kill off new entrants allowing the ones already in to consolidate. The cure to low prices, is low prices.  

Yes it might be early which would be the same as being wrong but I don't think its too early to be buying personally, I am content to take the hit in the short term and just keep buying all the way through. Sure the market might crash next month, if you think so then sell everything and buy back next month. The trouble is the crash in October might not happen, and if it does happen it might not happen in October. It might be in one sector of the market (tech) and not take down value stocks that are already hammered, or it might take the whole lot with it. Who knows! I think it likely we will see a crash but I don't know when and I don't know from which level, so I am buying now bits a time. 
I am concerned that you say a serious investment should be all eggs in one basket, this is in my opinion not a good idea unless you are extremely confident on something or are insider trading, otherwise it will likely end in tears. Better to be diversified into many areas you like and some you don't, and then if you are wrong in one place your loss might be covered by where you are right. There is a saying that if you are not losing money somewhere then you are not properly diversified and if you are losing money everywhere the same applies and shouldn't come as a surprise.
Peter lynch is backwards looking at supply just like everyone else, trust me they ain't pumping 12 million barrels a day now, you don't have to take my word for it. A year ago rig count was 900+ now its 254. The oil crash has killed production and the lack of new activity with these oil prices will kill it further. Sentiment in oil has killed off investment and will continue to kill it off further. The longer sentiment and the oil price stays low, the better it is for the companies that are left, the ones that will survive this environment and take the majority of the market. The lack of sentiment and investment will kill off new entrants allowing the ones already in to consolidate. The cure to low prices, is low prices.  

When I see videos like this it makes me want to buy more. 
He doesn't like dividends. He doesn't understand dividends. He thinks trading capital growth for dividend income is wrong.
He doesn't know what oil is. He thinks BP and Shell should "improve the quality of oil" they produce. 
He mentions these stocks are at 20 year lows and that this is bad, very bad. He likes Tesla. 
👍

US government bonds are up quite a bit, not sure if/how that will effect PMs or stocks
Jerome Powell is set to give a speech Thursday
According to CNBC
Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference. He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time. The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s. It will probably be lot of hot air but it's bound to spike some stuff one way or the other temporarily
I was bullish but gold and silver look on the edge of a cliff about to slope off instead of burst upwards 
 

Let's keep things civil, we all have different opinions, but a common cause.
 
I went for a walk yesterday and I was surprised how many houses have sold. Combination I think of being cooped up at home for 3 months, no stamp duty, time to move as furlough is still on & a delay in the market peak buying season, leading to a sudden rush. 

All gonna stall after furlough i think Oct time. They will be kicking themselves in 3-4 years when/if property prices plummet. 

On topic. I purchase £400 of shell & bp yesterday in the second low dips around 1pm. Happy with that. Almost as cheap as March!!!!
Either I am making a colossal mistake here, or this is a deal of a lifetime. Cant decide 😛

Dollar looks like it's going to come up and test some resistances in the next week
If it fails at 94 then we shouldn't see too much of a fall off for pms
If it gets past 94 and up to the ones at  95 and 96 which would probably play out over weeks instead then yes everyone saying $1700 will probably be right
My guess is 94 holding as resistance, dollar starting a new leg down, PMs starting a new leg up

MMT certainly wont save us.  Its proponents are socialists that dont see a problem controlling inflation through tax, as they love to tax everything anyway. 
 

Your last comment is the right perspective, look long term. You bought them cheap, can they get cheaper - Yes. If you are not selling why do you care? If you are still buying why is it not "great shell is plummeting! Now I can buy more shares for less money"? 
You should not care about the share price if the company has not changed. That was the red flag yesterday, now the bold highlighted today is another red flag, this focus on the share price suggests you are speculating on the shares and not investing in the company. 
Has anything fundamentally changed about the company the reason for investing in Shell? 

https://seekingalpha.com/article/4370008-coming-inflation-boom-is-going-to-catch-lot-of-people-off-guard
If you want some encouragement instead read this one 
Low prices are the cure to low prices

Too big to fail certainly applies to the largest US banks. They are "system-relevant." That's why I choose JP Morgan.
HSBC is losing and will likely lose more money in their asian markets. At £1.50 and lower I will consider buying. But they need to do some serious restructuring to get into decent profit area. I do not like their dividend covers:
https://www.hl.co.uk/shares/shares-search-results/h/hsbc-holdings-plc-ordinary-usd0.50
2019: 1.00 (they paid out all of their profits! non-sequitur)
2017: 0.94
2016: 0.14
Ridiculous dividend policy of theirs - borrowing money to pay the shareholders. WTH?  As a comparison, JP Morgan has a dividend cover of 3.0 for every year. These are much more healthy numbers.
 

it's a bit hard to call it a triangle considering there is only a top, a pullback and then something
that might not be finished. the palladium chart looks more defined and could possibly play out
as a triangle.
 
HH

I'm sure someone will correct me if I'm wrong but I don't think the shape of the flag part itself dictates that, the shape is only really important for recognising when it's breaking out
It's just whether the "pole" of the flag was up or down makes it a bear or bull flag
Not 100% this is accurate though

$1800 first possibly 1750s in the back end of this month imho.

Are metals forming bull flags ready to break out to the upside? 
This looks positive to me - maybe they're just waiting for the dollar to stop pretending it's going up 

Already past the bottom of economic demand. The effects will be felt, rippling out for a while yet, demand wont go lower than it was and large number of wells even fields have ceased production. Some wont come back on line, so price should stabilise to somewhere $50-60bbl.

Bank minutes are a curious thing, they spook/spike markets yet are old news of policy decisions taken and enacted a few weeks before. 

Dollar and 10 year US bonds had a little spike up but they seem to have run out of steam already
Gold looking strong at $1960 support area
Silver looking strong at $27
Things are looking good atm for a little consolidation and resumption up but we shall see 

When I see videos like this it makes me want to buy more. 
He doesn't like dividends. He doesn't understand dividends. He thinks trading capital growth for dividend income is wrong.
He doesn't know what oil is. He thinks BP and Shell should "improve the quality of oil" they produce. 
He mentions these stocks are at 20 year lows and that this is bad, very bad. He likes Tesla. 
👍

I have a sliding support line drawn in for RDSB that I think is right minus bad news or a slump in oil itself
~10.50 currently sliding down to ~10 in October

What do yaaal make of this? I am being agist here, cant take him seriously - he looks about 15!! 😛