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Martysmith
Reputation Activity
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Martysmith reacted to ChrisSilver in November 2020 Premium Member Prize Draw
Yes thank you, I’m aware just haven’t got around to sorting out the dispatch of the recent prizes. But they will be dispatched this week, I will reply to your private message with the tracking number once collection has been arranged.
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Martysmith got a reaction from ChrisSilver in November 2020 Premium Member Prize Draw
@ChrisSilver I have pm'd you my details.
Thanks.
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Martysmith reacted to billysilver in November 2020 Premium Member Prize Draw
Congratulations! @Martysmith
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Martysmith got a reaction from billysilver in November 2020 Premium Member Prize Draw
Thanks everyone, what a very welcome suprise!
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Martysmith reacted to Metalmonk in November 2020 Premium Member Prize Draw
Congratulations and a merry Christmas @Martysmith
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Martysmith reacted to BeastysMoltenMetals in November 2020 Premium Member Prize Draw
Congratulations @Martysmith
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Martysmith reacted to jackflash123 in November 2020 Premium Member Prize Draw
Congrats to @Martysmith for winning this awesome give away. Great prizes as always at The Silver Forum.
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Martysmith reacted to 47Ag79Au78Pt in November 2020 Premium Member Prize Draw
Amazing news @Martysmith A superb way to end a crappy year! Congratulations 🥳
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Martysmith reacted to Arganto in November 2020 Premium Member Prize Draw
Congratulations @Martysmith 👍🏻
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Martysmith reacted to Kussilver in November 2020 Premium Member Prize Draw
Congratulations on the win. And merry Christmas to all members and TSF team 👍👍
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Martysmith reacted to MikeG1978 in November 2020 Premium Member Prize Draw
Congratulations @Martysmith agree with the above what a win
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Martysmith reacted to CadmiumGreen in November 2020 Premium Member Prize Draw
Congratulations on the win, @Martysmith! Great way to close out the year!
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Martysmith reacted to ChrisSilver in November 2020 Premium Member Prize Draw
Congratulations @Martysmith you have won the bonus Gold/Platinum prize pot. A big congratulations on winning the last bonus prize pot. You have won 6 silver coins please private message me your shipping address to send your prize to
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Martysmith reacted to KDave in My first trade - Shell / BP
Fair value of a company is a judgement on many factors, assets and share price sure, but in this case that judgement heavily depends on where you think the oil price is going in the future. You know my opinion on inflation and what I think will happen to the oil price. For the companies I looked backwards based on last years financial reports on $64 oil, comparing annual reports and comparing metrics in order to rank them, Exxon came out top Shell second, Shell had the highest revenue of all the majors in 2019, largest company by assets, best return on capital employed, best return on assets, decent quick debt ratio, highest income before tax, but it has more debt than Exxon, less per share income, almost 4 times as much long term debt, etc. I am not too concerned about long term debt due to inflation expectations. BP is the worst of them based on last years performance, has the worst balance sheet regarding debt, etc, but has half the short term debt that Exxon had. I am not concerned about its debt, especially after the FED told us inflation is coming. That is looking backwards, looking forwards take that $64 oil and double it in 3 years, triple it in 5 years, etc. Q3 will be interesting to see how they are getting on, I expect they did quite well all things considered, as oil has averaged around $40 for most of the quarter. A lot has happened this quarter in regards to the noise around renewable electricity and hydrogen. Shell buying oil developments in Africa, these will not be producing oil for 5-7 years, this tells me they know they will still be an oil producer beyond that time frame despite all the noise. Shell and Microsoft partnering up. It won't be long until the market starts to see value, whether it is fair or not is a judgement call.
Everyone thinks oil is dead. I have read several articles around this theme recently far in excess of the calls from 2015, even the oil companies themselves are at it (BP). Instead people have been investing in Tesla and equivalent thinking everyone is going to need electric vehicles and no oil. Sure people will need them, but they are not going to be lining up around the world to spend $60k on an electric car next year, maybe in 10 years when there might be a significant amount of electric vehicles on the road, but until then what are people going to need? Have we found a replacement for plastics? How high does the price of natural gas need to be for hydrogen to be viable? Who is positioning themselves now to provide that hydrogen and given the prices of conventional energy to support said hydrogen, what do they know?
The market is still looking backwards thinking more of the same is coming in regards to the monetary conditions (wrong), then it is looking forwards 10 years in to the future and seeing it happening next year (wrong). We will see in time. At the moment I am not seeing many people calling to invest in oil, though I have had a couple of tentative emails from various subscriptions calling attention to a few of the companies. Won't be long.
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Martysmith reacted to cornishrich in Today I Received.....
Received a few days ago been busy with work thanks @Tn21 and @Martysmith stunning coins. Both top guys to deal with
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Martysmith got a reaction from Troy77 in 1g PAMP Lady Fortuna Bar - Gold/Platinum Premium Members- (Announcement & Congratulate)
Congrats @Troy77nice win there.
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Martysmith reacted to Prophecy in Gold Monitoring Thread £ GBP only
Yup. Pound strengthening against USD as I speak, buying all the way down until I see a movement in USD spot.
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Martysmith got a reaction from Chuffnell1817 in Gold Monitoring Thread £ GBP only
Excatly that, poung up just over 1% against the dollar. Its actually been an OK day for gold in dollar terms.
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Martysmith got a reaction from KDave in Chart Of The Day thread
Same, between my life insurance and death in service 8x salary through work, if I were to die my family would do very well.
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Martysmith reacted to AndrewSL76 in GOLD DEALS - (UK & Europe) See a deal, post it here
It wasn't for me. It was for family outside of London. I have spread the investment and stacking bug and a couple of cousins are savings and then sending me the money to buy nice things at good prices. I then take them with me when I visit. Saves on postage and they get good deals at the same time. I can only dream (at the moment) of being able to spend over 500.00 on things from HGM.....
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Martysmith got a reaction from 5huggy in Gold Monitoring Thread £ GBP only
We will see tomorrow after JP's comments at Jackson Hole.